Fayette County Leader from Fayette, Iowa on December 7, 1961 · Page 7
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December 7, 1961

Fayette County Leader from Fayette, Iowa · Page 7

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Fayette, Iowa
Issue Date:
Thursday, December 7, 1961
Page:
Page 7
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Page Eight HOSPITAL NEWS BULLETIN December 7, 1961 3-Year Giving The Only Way! MORE THAN EVER BEFORE! To achieve success in the fund-raising campaign for the new addition at Palmer Memorial Hospital, we will be osked to consider giving more than we ever have given before. But We Can All Give Our Fair Share If We Also Consider That Our Gift is For Families, As Well As All Of Our Friends and Neighbors in the Hospital Service Area. Substantial three-year pledges can be made without hardship for anyone because the giving schedule is based on MONTHLY, QUARTERLY, SEMIANNUAL OR ANNUAL AMOUNTS over the THREE- YEAR PERIOD. Below is a table showing monthly and annual amounts and the total they build to in three years: Per Month GIVING SCALE Per Year Total 36 Months 1.389 1.042 834 556 417 278 209 139 «4 67 50 40 30 21 17 13 10 16.667 12.500 10.000 6.667 5.000 3.334 2.500 1.667 1.000 800 600 480 360 250 200 150 120 50,000 37.500 30,000 20,000 15.000 10,000 7.500 5.000 3,000 2,400 1.800 1,440 1,080 750 600 450 360 fair Share Gifts In Installments Are Secret Of Success Campaign Best Way To Pay For Addition Hospital fund-raising programs across America have succeeded only when corporations, business and FAMILIES have fitted installment giving into their budgets over a three-year period. This is the ONE WAY the residents of the Palmer Memorial Hospital service area can give ENOUGH—their fair share—to build the proposed new wing. "If we were to ask our hundreds of volunteers to go out and collect cash — all the cash they could get right now — I doubt whether the total would be enough to pay for construction of the basement floor of the new wing." said Carroll Grimes, general campaign chairman. CASH NOT NECESSARY This does not mean that down payments on three-year pledges are not welcome, tho chairman explained. "But cash is not necessary at the time the pledge is signed." said Grimes. "It is important only that the people in the Palmer Memorial Hospital service area realize that the fund raising and building programs represent our ONE OPPORTUNITY to obtain for ourselves a medical and hospital care program that will be second to none in other community hospitals." "When the health of our families could be at stake, we cannot afford to skimp in giving— proportionate giving based on our own abilities to give. ' PLEDGE CARDS FLEXIBLE Pledge cards are completely flexible in suiting terms of the Drifts to any family, business or corporation. Payment dates — over the three-year pledge period — can be specified on the card by the month, quarter, semi-annually or annually. For those who will have the opportunity of gifts through payroll deduction, tho number of hours can be specified. Grimes amplified the hospital's Board of Trustees' statement that pledges will be moral obligations only. "There will never be a suit filed for non-payment of a pledge." said Grimes. "Terms of payment can be extended if unforseen circumstances make it necessary. In the event of serious family hardship — illness or -death—pledges will be cancelled." Grimes said that many communities have had similar hospital building programs. COLLECTIONS GOOD "Their records of pledge collection are excellent and there is no reason why. in a stable community like ours, we will not have the same results. The history of these programs shows that the men and women who sign three-year pledges based on their ability to give are sincere, and that they know they and their families receive direct benefits from good hospital care in an adequate and modern plant. "How much shall we give? Let's consider what it is %vorth to you to have an adequate, well-equipped hospital ready for you, your family, and your neighbors and friends. Make that the size of your investment-gift in better health, longer living." The Board of Trustees of Palmer Memorial Hospital and the West Union City Council determined upon a fund - raising campaign as the best possible way to pay for building and equipping the new addition, Wallace Brudvig, administrator for the hospital, explained today. "Amortization of a $250.000 loan over a long period of time would be too costly, 1 ' said Brudvig. "Taxes are high enough and interest must also be paid if bonds are issued. Total expense of a public subscription campaign will be only a small fraction of the cost of long term loans, no matter how it would be financed. "Adequate and prompt support of community hospitals operated on a non-profit basis is the recognized American way of providing the best possible hospital facilities." the administrator said. "Beyond this, a building program financed by a successful fund-raising campaign, means more than money to both the hospital and the families in the area it serves." Brudvig explained. "All the men and women who work and all who contribute in such a campaign are brought closer together by the achievement. The hospital becomes the peoples' hospital, which in reality, it now is, and everyone is more interested in it.'' Tax Deductions UpTo30% To encourage public subscription giving for hospitals, the United States Treasury department of internal revenue permits deductions up to 30 percent of income for individuals and up to five percent — before taxes — for corporations. Normally individuals are permitted charitable deductions only up to 20 percent. You may give property, real or personal, including securities to your hospital — especially if any of these have appreciated in value — and experience tax deductions that are highly advantageous. Gifts in kind are highly acceptable.' Consult your tax advisor now'.

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