Make a Gift with a Donor-Advised Fund
If you already have a Donor Advised Fund which can make annual grants to Hartford Hospital at your direction, the Hospital would gladly welcome such gifts and give you soft credit for your generosity. We would also be most grateful to you for naming us as a beneficiary for any share of your fund’s remaining principal.
Here are two simple ways you can make a gift through your DAF:
1. Make an outright gift by suggesting a grant to Hartford Hospital.
2. Designate Hartford Hospital to receive all or a portion of the fund value upon the termination of the fund.
You can select the option that best suits your philanthropic and financial goals to support the Hartford Hospital. Just contact your fund administrator to request a distribution or beneficiary form or download the appropriate form(s) from your administrator’s website. If you include Hartford Hospital in your plans, please let us know and use our legal name and federal tax ID.
Legal Name: Hartford Hospital
Address: 80 Seymour Street, Hartford, CT 06102
Federal Tax ID Number: 06-0646668
Creating a Donor-Advised Fund
Creating a donor-advised fund can provide you with immediate tax benefits while making your charitable giving easier for years to come.
How It Works
You establish a fund at a sponsoring charity. This could be a community foundation, a public charity with a donor-advised fund program, or even one of the well-known investment companies that sponsor donor-advised funds. First, check with the fund sponsor about the minimum contribution to start a fund as it ranges from $5,000 to $25,000. Then, make an initial contribution to start your fund of cash or appreciated assets such as stocks or mutual funds. You’ll get an immediate income tax deduction and some sponsors will even let you name your fund.
Once established, you can suggest that your favorite public charities, such as Hartford Hospital, receive grants from your fund. The grants can be relatively modest or larger for projects such as a capital campaign or a new building.
You do not get an additional tax deduction for these grants. You can also suggest which charities you want to have any remaining assets in your fund at your passing. Hartford Hospital is grateful for gifts that come from donor-advised funds.
If you are considering establishing a donor-advised fund we can suggest several fund sponsors for your review. You should also consult your professional advisor for their guidance.