Donations to the Foundation are tax deductible. The Foundation's Tax identification Number is 68-0178150.
Send your tax deductable donations to:
400 R Street, Suite 460
Sacramento, CA 95811
(916) 326-3640 / (800) 773-1669
Fax: (916) 324-6585
Giving Golden Opportunities
The Health Professions Education Foundation (Foundation) healthcare programs are funded in part though philanthropic contributions from individuals, private corporations, foundations, health plans and hospitals.
How can you participate in this philanthropic endeavor?
- Philanthropic friends of the Foundation are encouraged to participate with outright gifts and pledges of cash, securities, real estate, insurance (cash or surrender value) and other marketable property. Generally speaking, non- cash gifts will be liquidated immediately upon receipt unless otherwise instructed by the donor and agreed to by the Foundation.
- Foundation Grants: Other foundations may wish to address California's health workforce shortage and diversity by granting scholarships and loan repayments but do not have the programmatic infrastructure to do so. The Foundation, through several key partnerships, can develop and implement programs that meet the unique needs of these foundations.
- Gifts of Cash: may be paid immediately or pledged for payment over a three to five year time at the convenience of the donor.
- Gifts of Stock and Other Securities: Many individuals realize the tax benefit to making a gift by transferring appreciated stock and other securities to a qualifying charitable organization. Precisely, the donor receives an income tax deduction equal to the gift's value on the date of the gift, and avoids payment of capital gains on the appreciated portion of the stock. The process for transferring stock and securities is managed by the donor's brokerage account manager. Simply telephone your account manager and indicate that you "Would like to transfer ______ shares of _______________ as a gift to the Health Professions Education Foundation."
- Gifts of Real Estate: Some real estate makes an attractive gift and can be transferred to the Foundation. By doing so, the donor receives a charitable deduction equal to the appraised value of the real estate before liquidation expenses. The Foundation then liquidates the property and the net proceeds from the sale are available to increase the annual number of scholarships and loan repayments, as well as the development of new programs.
- Corporate Matching Gifts: Many employers have policies and procedures for making gifts to organizations that are supported by their employees and retired personnel. If you or your spouse is employed (or retired) from a corporation that "matches" gifts, the effect of your personal contribution is doubled. Check with your Employee Benefits Division to determine if your gift to the Foundation qualifies for matching support. If so, request the form for completion and submission.
Donations to the Foundation are tax deductible. The Foundation's Tax ID Number is 68-0178150.
Another way to give besides outright gifts of cash or marketable property is to "plan your giving."
- Bequests: Anything one owns at the time of death may be passed on to the Foundation through the donor's last will and testament.
- Charitable Trusts: All or part of the amount placed in a revocable charitable trust is available, if needed by the donor. Revocable charitable trusts are attractive to many donors because they remove the burden of asset management. Since a large percentage of revocable trusts are ultimately made to be irrevocable, they eventually provide future funding potential for scholarships and loan repayments grants to individuals that will practice in medically underserved areas of California.
- Life Income Gifts: The establishment of a charitable remainder unitrust or annuity trust can provide the donor with lifetime income. Additional benefits include-no capital gains tax on appreciated property placed in trust, an immediate tax deduction for charitable intent, relief from estate taxes associated with the assets placed in trust and a significant gift to help sustain the Foundation's scholarship and loan repayment programs.
- Charitable Lead Trusts: The establishment of a charitable lead trust allows the donor to transfer property upon termination of the trust to others (i.e. dependents) with little or no shrinkage due to taxes. The charitable lead trust would also provide the Foundation with annual income to support scholarship and loan repayments for the length of the trust.
- Individuals, private Foundations and corporations are welcome to regionalize their support to specific geographic areas of California.
- The Foundation is pleased to accept "in-kind" gifts for professional services, equipment, and conference facilities.
The Health Professions Education Foundation manages all gift and grant income in consultation with the Office of Statewide Health Planning and Development's (OSHPD) Accounting Office. All pledges and gifts will be acknowledged in writing within 10 business days of receipt.