As a nonprofit health care provider, CVMC has always relied on the generous support of our community. In addition to direct gifts to CVMC, here are more ways you can help support our mission.
Pledge gifts allow multi-year commitments that are fulfilled over a period of generally three to five years. These gifts allow a donor to make a substantial commitment while dividing the fulfillment of the gift into smaller contributions.
Endowment Fund Investing in the future of CVMC, gifts to the endowment fund are gifts that may last forever (in perpetuity) or until the organization achieves a specified objective.
Making a gift of appreciated assets, such as stocks, offers a two-fold benefit to the donor. The tax deduction is equal to the fair market value of the donated securities, and the capital gains are generally avoided.
Please contact the Development Office at CVMC prior to making a gift of stock. Generally the donor's stock broker will need the following information:
DTC Eligible Securities
DTC #901, Bank of New York
N/O People's United Bank, A/C# 906930
Inst ID# 10526, Agent Bank # 80901
FBO: Central Vermont Medical Center, Inc.
The value of a stock gift is determined by averaging the low and high value of the stock on the day it is received by the above noted agent.
Assets of personal property such as antiques, artwork and jewelry can be contributed as provided by law.
Gifting real estate, the donor benefits from a tax deduction for the current fair market value of the property and avoids capital gains. A donor may also choose to retain the right of the use of the donated property.
Donors may make a gift through their life insurance policy by simply designating CVMC as a beneficiary.
Life Income Arrangements
There are several ways in which a donor can receive income while making a meaningful charitable gift. In particular, one way is through a charitable gift annuity. In exchange for your gift to a charitable organization, you would receive a guaranteed, fixed income for life. The annual payment is based on your age at the time the gift is made and you would also qualify for a tax deduction for a portion of this gift.
Gifts by Will
A charitable gift may also be made through your will. A will is a foundation to your estate plan and allows you to state who will benefit from your legacy and in what proportions. A bequest can be a specific dollar amount or a percentage of your total estate.
If you have questions or require more information, please contact:
Central Vermont Medical Center
Office of Development
P.O. Box 547
Barre, VT 05641
Your gift is tax-deductible to the extent permitted by law. CVMC is a nonprofit 501c3 organization and our EIN is 22-2547196.