November 19, 2012 - Harris, N.Y. – The Catskill Regional Medical Center (CRMC) Foundation recently received a $500,000 donation from a generous donor through a planned gift of a life insurance policy, which will be put into the CRMC Foundation Endowment for Excellence fund.
The Endowment for Excellence is a permanent fund established to provide income in perpetuity to underwrite the equipment needs of the hospital, to maintain state-of-the-art technology, and to attract and retain needed medical specialists. Gifts to the endowment may be made on a one-time basis or by pledge over a three- to five-year term. Gifts to the Endowment for Excellence may also be made by bequest.
“We are blessed and eternally grateful to receive this bequest from a long-time friend of the hospital,” said Joan Farrow, CRMC Foundation Board President. “All gifts to the CRMC Foundation are tax deductible to the extent prescribed by law. Attorneys, accountants or financial planners can discuss the special tax benefits of donating appreciated securities, real estate, art and other assets to the CRMC Foundation. All of these donations contribute to the future of our local community.”
The Catskill Regional Medical Center Foundation, Inc. is a not-for-profit organization whose purpose is to render assistance to and raise funds for CRMC; to underwrite the costs of equipment for lifesaving, diagnosis, therapy, care and cure; to help support the delivery of health care to the needy, ill and infirm; to help support screenings for health maintenance and disease prevention; and to help support community health care services. The Catskill Regional Medical Center Foundation, Inc. is governed by a Board of Trustees – volunteers who contribute their time and talents to further the purposes of the organization. For additional information about the Foundation, or to make a donation, call 845.794.3300 ext. 2104 or visit www.crmcny.org.