Endowments

Endowments at Advocate Health Care enable the delivery of exceptional healthcare into the future. Benefactors create endowments for an Advocate hospital or program to perpetuate their personal values and contribute to the hospital's or program's continuing ability to heal, to educate and to serve.

Endowed gifts are held in perpetuity. We invest the initial gift and spend only a portion of the average annual investment return. The remaining income is reinvested with the principal as protection against the eroding effects of inflation. Thus, the benefactor who makes an endowment gift today finds gratification in knowing that it will grow and continue to support its intended purpose far into the future.

Endowments function to blend values of the benefactor with the needs and objectives of the hospital or program they choose to support. Thus, a dynamic, ongoing relationship is established based on our shared beliefs, hopes and visions of what the future holds possible. Working together, Advocate Health Care and the benefactor create a distinctive endowment that reflects their common goals.

These guidelines are intended to show only some ways you can benefit our programs and minimize your federal tax liability—with examples of anticipated federal tax results. Many of the deduction examples are based on IRS tables linked to interest/discount rates that change every month. You should always consult your advisors on tax-related matters affecting your specific situation. We welcome the opportunity to supply you with additional information about any of these methods of giving and to discuss with you and your advisors how you might consider making your gift.

Minimum support levels for various types of endowments have been established to guarantee that income will be adequate to achieve the benefactor's intent—now and in the future. No list can encompass all possibilities, but the following categories represent a starting point in the endowment process.