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 Treatment at the hospital is available to everyone - including many who cannot pay for it. In 1999 the C6 Endowment Fund was created to subsidize operating expenses generated by non-paying patients and insure the long term financial stability of the Hospital. Who decides how C6 Endowment Fund distributions are spent? C6 consists of a 14 member Board of Trustees from the United States and Tanzania, who meet regularly to discuss Hospital issues and decide upon the distributions of the Fund.
Gift Options Donors can make contributions to the C6 Endowment Fund through a multitude of options. Gifts of all sizes and forms are welcome. CASH A gift of cash is one way to realize your charitable objectives. Cash gifts qualify as a charitable deduction for federal income tax purposes and are fully deductible up to 50% of your adjusted gross income in the year that the gift is made. Deduction amounts exceeding this limit may be carried forward up to five additional years. SECURITIES Gifts of appreciated securities (stocks, bonds and stock in closely-held companies) can also be given to the Endowment Fund. You can completely bypass capital gains tax and deduct the full current fair market value of the gift of securities, equaling up to 30% of your adjusted gross income in the year of the gift. Excess can be carried up to five additional years. BEQUESTS Through your will, you can perpetuate good works with a living memorial. The Endowment Fund can be beneficiary of all or a portion of your estate, the recipient of a specified gift or contingent bequest, or the ultimate beneficiary of a charitable remainder trust. Bequests are deductible for federal estate tax purposes. LIFE INSURANCE There are several ways to give life insurance. You can give a life insurance policy that you already own, give a new contract, or name the Endowment Fund as a beneficiary. Premium payments for charitable life insurance contracts are tax deductible. REAL ESTATE A gift of property held for more than one year can provide the same federal tax advantages as a gift of securities. You can also choose to retain the right to live in a donated residence after your gift has been made. GIFTS WITH A LIFETIME INCOME INTEREST Deferred gifts include gifts in which you make an irrevocable transfer of assets to a charitable remainder trust and receive in return an income interest for life or term of years. This income is paid to specified beneficiaries: the donor, a spouse, children or friend. Thereafter, the Endowment Fund receives the assets.
KILIMANJARO
CHILDREN'S HOSPITAL The Kilimanjaro Children's Hospital was built as a collaborative effort between C6 and the Maasai people of Tanzania. C6 has provided the funds for the Hospital which, after a period of expatriate support, the Maasai people will eventually staff and run. Bricks for the Hospital are made one at a time. Gifts for the Endowment, small and large, are given one at a time. It doesn't require great wealth to make a gift. One hundred gifts of $10 to the C6 Endowment Fund provide the same support as one gift of $1,000. Ten percent of a life insurance policy will accomplish the same as the equivalent number of dollars. For more information on how you can give to the C6 Endowment Fund, contact:
Susan Fox, C6 Administrator If you are considering a gift to the Endowment Fund, you are encouraged to seek advice in putting together a plan that is best suited to your personal situation. The Endowment Fund is held by the Lutheran Community Foundation in Minneapolis, Minnesota. The Foundation provides sound and responsible investment management of the Endowment Fund, as well as gift expertise through its experienced professional staff. The staff of the Foundation is available to work with you and your attorney, financial advisor and accountant to facilitate a charitable gift that benefits the Endowment Fund and fits your individual needs and motivations. The Lutheran Community Foundation is located at 625 Fourth Avenue South, Suite 1415, Minneapolis, MN 55415. Telephone 800-365-4172.
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