About the 1881 Circle
Founded in recognition of the year Hamot Hospital first opened its doors, the 1881 Circle honors those who make a lasting commitment to the future of bettering health in our community. By including Hamot Health Foundation in your estate or long-term giving plans, you ensure that generations to come will benefit from clinical excellence, community health initiatives, cutting-edge research, and career development.
Preserve a Legacy
Create Lasting Impact
Exclusive Recognition
Belong to a Community of Visionaries
Member Benefits
- Personalized welcome packet and certificate of membership
- Invitations to exclusive 1881 Circle events and recognition gatherings
- Recognition in Foundation publications and on donor walls (optional anonymity respected)
- Insider updates on the impact of legacy gifts across the 4 C's: Clinical Excellence, Community Health, Cutting-Edge Research, and Career Development.
Types of Planned Gifts
A last will and testament reflects the things, individuals, and organizations that you love and value most. Bequests to the Foundation can be expressed as a dollar amount, a percentage of an estate, or as a piece of property, and the benefactor may designate how their gift should be used. A bequest made through a will or trust is free of estate tax.
A charitable gift annuity rewards the benefactor or their loved ones with a dependable fixed income for life, provides a charitable income tax deduction, can potentially reduce estate taxes, and may enable capital gains tax savings. Charitable gifts can be funded with cash or marketable securities and are designed for people of retirement age or older. Income provided through these gifts is based on age and remains fixed for life.
Remainder trusts are versatile planned gifts that can provide for several loved ones, be customized to the benefactor’s needs, and serve as vehicles for giving non-traditional assets such as land or real estate. The trust payout rate is determined at the time of establishment, and its payout percentage remains the same, although income may fluctuate depending on market performance.
Qualified retirement accounts such as an IRA, 401(k), Keogh, or SEP are also great resources for planned giving. While these assets are heavily taxed for heirs, charitable gifts made from these accounts are tax free.
Real estate is an excellent type of planned gift and can be given outright, deeded as a gift, or sold below market value. Benefactors may give residences or vacation homes while retaining the right to living in them for the remainder of their lives. Benefactors giving real estate are entitled to income tax deductions, as well as potential reductions in their taxable estates.
Gifts of insurance policies can be simply arranged by naming Hamot Health Foundation as a beneficiary. This form of planned giving is particularly appropriate when policies have outlived their initial purposes, and it also enables benefactors to make significant gifts without negatively affecting cash flow.
