The Ave Maria Foundation
of Memphis
What makes Catholic,
not-for-profit healthcare unique? There are unique qualities about Catholic
healthcare facilities. All Catholic health and elder care facilities are
committed to meeting the needs of the under-served. Ave Maria provides pastoral
care and mission related services. We go beyond what other providers may choose
not to provide due to cost restraints and lack of reimbursement. Our employees
take pride in carrying forth the mission of Catholic healthcare as evidenced by
letters from family members and residents. Catholic healthcare facilities are
committed to serving those who need care regardless of their financial
situation. Therefore, the Ave Maria Foundation of Memphis was begun to fund
those programs and services at the Ave Maria Home.
Ave Maria Foundation of
Memphis was begun in December 2001, to care for the needs of the frail and
elderly of the Ave Maria Home. It has been incorporated as a 501c(3)
organization and provides tax deductions for contributions.
For information please call
(901) 386-3211.
The
Mission of the Ave Maria Foundation of Memphis is to:
A.
Maintain a holistic view of persons with attention to the spiritual dimension;
B.
Work on behalf of justice with a special concern for the frail and elderly;
C.
Focus on prudent stewardship of financial resources.
The Goals
of the Ave Maria Foundation of Memphis is divided into a short-term and
long-term strategy:
A.
Assess the short-term needs for the facility -
1.
Capital needs
2.
Employee development
B.
Develop a plan with a long-term strategy -
1.
Assess the long-term care area
2.
What other needs are essential to be met within the elderly population of
the community through the Ave Maria facility.
Your contribution to the
Foundation is an investment in people. It is an investment in programs to train
the next generation of geriatric caregivers. It is an investment that may result
in better care for Alzheimer’s patients, or those with chronic diseases. It is
an investment in the main campus where improvements will provide warm,
attractive settings for residents and their families.
We have always depended on
the kindness and generosity of our friends. It is important for those of you who
have not given to give, and for those who have given, to consider giving again.
Your support is crucial. On behalf of the elderly of today and tomorrow, we
thank you.
TEN WAYS
TO MAKE A CONTRIBUTION
There
are ten ways to make a contribution to the Ave Maria Foundation of Memphis. We
invite you to consider the following options:
1. A
Gift of Cash
Gifts of cash outright or
pledged over a period of time, provide immediate support for the Foundation.
2.
A Gift of Securities
Gifts of long-term
appreciated securities provide the same benefits as cash. Your contribution is
based on the mean value of the stock the date on which you transfer the stock to
the Foundation.
3.
A Gift of Real Estate
Most real estate has
appreciated faster than the rate of inflation and offers great potential as a
gift planning opportunity. We would be happy to explore the options and benefits
with you of considering the gift of a home, vacation property, condominium,
undeveloped land or other real estate. Real estate contributed outright, in
trust, or through a part gift/part sale arrangement provides a way to avoid or
substantially reduce capital gains tax.
4.
A Charitable Gift Annuity
In exchange for a gift of
cash or securities, the Foundation can provide you with income for life through
a Charitable Gift Annuity contract.
5.
A Gift in Trust
The Foundation would be
happy to work with you and your financial advisor to explore the options and
benefits of creating a charitable trust arrangement which suits your unique
circumstances and can provide you with income for life or a term of years.
6.
A Gift of a Personal Residence or Farm with Retained Use
It is possible to transfer
ownership of your personal residence or farm to the Foundation while retaining
the enjoyment of the property for the remainder of your lifetime.
7.
A Gift of a New Life Insurance Policy
You can make a magnificent
commitment to the Foundation through the purchase of a life insurance gift. By
naming the Foundation as owner and beneficiary of the policy, your annual
premiums will be deductible for income tax purposes.
8.
A Gift of an Existing Life Insurance Policy
Many people own insurance
policies which are no longer needed for their original purposes. These policies
can be given to the Foundation and you will be entitled to an income tax
deduction for the cash surrender value, and the amount of any future premiums
paid.
9.
A Gift of an Income Stream
A Charitable Lead Trust
allows you to direct income payments to the Foundation for a specific number of
years. At the end of the trust’s term, assets are transferred to family members
at a reduced transfer tax.
10.
A Gift Through Your Will
A gift through your will
enables the Foundation to continue its mission of caring for the frail and
elderly through the years. It can be restricted for a specific purpose, such as
providing care for those who would be unable to provide it for themselves.
