The Power of an Endowed Gift on Mercy Medical Center
Start Paying It Forward
View and download your FREE copy of Endowments: A Gift That Lasts Forever.
An endowment gift to Mercy Medical Center today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Mercy Foundation. The remaining funds are reinvested to ensure indefinite support.
An Example of How It Works
Longtime supporters Susan and Charlie have two goals: First, they want to make sure Mercy Foundation continues to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.
Susan and Charlie make a $25,000 donation to Mercy Foundation, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie get a federal income tax charitable deduction on their taxes because they made a lump-sum gift.
- Seek the advice of your financial or legal advisor.
- Contact Julie Crockett at 319-398-6278 or firstname.lastname@example.org to discuss endowed gifts.
- If you include Mercy Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: Mercy Medical Center, Cedar Rapids, Iowa Foundation, Inc.
Address: 701 10th St. S.E., Cedar Rapids, IA 52403
Federal Tax ID Number: Please contact us for our federal tax ID number.