DJWH Foundation History
The Dr. John Warner Hospital Foundation was founded and incorporated in 1998. The 12-member Board of Directors manages the business and affairs of the corporation. The Foundation is responsible for coordinating fundraising efforts and administering charitable gifts and donations given to the Foundation.
The Foundation is incorporated as an Illinois not-for-profit corporation and is approved by the IRS as a 501(c)(3) organization, making your contributions tax-deductible to the full extent allowed by law.
Foundation Board of Directors
“Helping Hands Can Make a Difference”
Foundation Board of Directors
| Current Members | Past Members |
| Tom Dougherty, Chairman | Elmer Turner |
| Dixie Walden, Secretary | Clarene Arnold |
| Joyce O’Neill, Treasurer | Dr. Terry England |
| Gary Archey | Terry Ferguson |
| Diana Golden | Tim Reeser |
| Terry Ijams | Dick Baum |
| Frank Thorp | Wes Anderson |
| Mary Ellen Torbert | Francis Jackson |
| Dr. John Veirs | Roger Motsinger |
| Jeanne Woodman | Connie Keelin |
| Camilo Sartie | |
| Pete Koyak | |
| Bill Anderson | |
| Chris Donnan |
Our Purpose
The purpose of the DJWH Foundation is to foster, promote, support, develop, encourage, maintain, receive, and accept funds for the construction, building, remodeling, support, administration, staff, and any other legitimate purpose or function of supporting the DJWH facility.
Our Mission
Committed to building a healthier future for the Dr. John Warner Hospital and the people we serve.
Donor Tree
The Tree of Life is a beautiful tribute to an honored donor, friend or loved one. The exhibit is a special donor acknowledgement of the Foundation’s donor recognition program. The Tree of Life is comprised of a number of leaves and stones which constitute the “platforms” for the recognition of gifts.
Gifts contributed to the Tree of Life allow donors to offer a special and personal lasting tribute to family, loved ones and friends. This unique recognition may be a memorial honoring a loved one or you might choose to honor a friend, or business associate. Donations are accumulative and tax deductible.
An individual’s donations are monitored and a leaf is added when their gift level is met. Names are silk screened on a leaf and placed on the tree in the following gift categories:
| $ 1,000 - $ 4,999 | Bronze Leaf |
| $ 5,000 - $ 9,999 | Sliver Leaf |
| $10,000 - $24,999 | Gold Leaf |
At the base of the tree are foundation stones. Bronze stones pay tribute to those whose cumulative total has reached $25,000 to $99,000. Silver stones honor those that reached a cumulative giving total of $100,000 to $249,999. Gold stones recognize those who have reached a cumulative total of $250,000 and above.
The growth of the “Tree f Life” will help to ensure the future growth of the Dr. John Warner Hospital.
Ways to Give
The Dr. John Warner Hospital (DJWH) Foundation offers you many tax-deductible methods for making contributions to the Foundation. You have a choice of making your contribution unrestricted or restricted for a certain purpose. Your contribution can be earmarked for one of the following hospital services: Cardiac Rehabilitation, Emergency Department, Laboratory, Medical Surgical Unit, Radiology, Respiratory/Cardiopulmonary Department, Rural Health Center, or Surgery and any other area of your choice.
Following are several ways to give:
Cash Gifts
Cash gifts are the most popular and straight forward type of giving. You have the opportunity to make a contribution in memory of someone who is deceased, in honor of someone, in recognition of a special occasion (birthday, anniversary, or accomplishment). Cash or checks are accepted.
A Current Will
Drafting
a will may seem like a headache at first, until you realize all the good
that comes from having a will.
A bequest in your will lets you pass any amount you wish to us free of
estate tax. You can give cash or specific property, a dollar amount or a
percentage of your estate, with restrictions or without.
To design a will that benefits the people and organizations you care about
most, we recommend that you obtain the professional counsel of an attorney
who specializes in probate and estate planning.
A Living Trust
A living
trust lets you provide for yourself and your family before and after your
death. It has a built-in flexibility that can work very well with your
overall estate plans, because it allows you to stay in control of your
assets.
Like wills, living trusts are fully revocable, so you can change or
terminate them at any time during your life. But unlike wills, the terms
of a living trust can be put into effect immediately.
You can also arrange a contribution to us through a living trust by naming
us as the ultimate beneficiary. This method of giving is attractive
because you still have complete control of the assets during your
lifetime.
Life Insurance
When you
first bought life insurance policies, you obviously felt a need for them.
But perhaps you don’t need all that coverage today. Yet you still have
those policies. If you’re thinking about a contribution to us, a gift of
your life insurance could be a sensible as well as a generous course of
action.
You can also use life insurance to replace the value of a different gift.
For example, you could donate stock to us because of the tax advantages
and purchase life insurance to benefit your heirs in the amount they would
have received had you left them the stock.
Retirement Plan Assets
Did you know that your retirement plan assets are facing double taxation? If you leave the assets to your heirs, you’ll generate “income in respect of a decedent.” So not only is the amount diminished by estate taxes, but the recipient also must pay income taxes on it!
Real Estate
Are you thinking of selling land or a building? Beware of capital gains tax! A charitable contribution of real estate-whether it’s your personal residence, a vacation home, a farm, commercial real estate, or vacant land-will give you numerous advantages.
Retained Life Estate
Let’s
assume you like the tax advantages that a charitable gift of real estate
would offer, but you want to continue living in your personal residence
for your lifetime. Did you realize you can give us your home, even though
you continue living there?
It’s true. It’s called a retained life estate.
A gift of your home, farm, vacation home, or condominium, even with
stipulations about occupancy, results in a charitable deduction on your
income tax.
The retained life estate also provides you with a way to let someone other
than you or your spouse have life occupancy of your home without the
associated estate tax payments.
Closely Held Stock
If you
own a sizable block of stock in a closely held corporation, you may have a
gift option that makes everyone happy.
Suppose you decide to donate some shares (few enough that you retain 50%
ownership) to us. And then we present the stock to your corporation for
redemption. Your corporation uses retained earnings for the purchase.
We win because we receive much-needed funds. But you and your corporation
also win.
There’s one caveat: the IRS has ruled that you cannot legally bind a
charitable organization to go through with the redemption at the time it
receives the shares.
But a charitable organization may independently offer the donated stock
for redemption, and there’s little likelihood that we would fail to do
this. It’s a favorable option that benefits you and us.
Charitable Remainder Annuity Trust
If you
are uncomfortable letting your future retirement dollars ride the ups and
downs of the stock and nod market, try a charitable remainder annuity
trust.
This plan will pay you a fixed dollar amount every year for the rest of
your life, with no investment worries or responsibilities. Then after your
lifetime (and the lifetime of a surviving beneficiary, if desired), the
trust remainder is available to support our mission.
The charitable remainder annuity trust is more than an eventual gift to
us. It lets you give away the tree and still keep the fruit, because you
receive lifetime income from your donation.
Charitable Remainder Unitrust
A
charitable remainder unitrust is like a combination of a gift and an
investment plan. You place assets in trust and you receive lifetime income
from them, then we receive the remainder.
With a unitrust, the amount you receive as income is a set percentage of
the value of the trust assets, redetermined annually.
You also have the option of choosing a unitrust with a net income plus
make-up provision. That way, in years when the actual yield is below the
stated percentage, you receive only that amount. Then later, when
performance is better, those deficiencies are made up.
This option is excellent for devising a supplemental retirement plan – we
can provide you with more details.
Charitable Lead Trust
There’s a
way to pass assets to your family with significant estate tax savings
while at the same time making a gift to us. It’s called a charitable lead
trust.
After we receive income from assets in the trust for a period of years,
the principal goes to your family, with estate or gift taxes reduced or
even eliminated.
The lead trust is an exceptional way to transfer property to your children
or other heirs at minimal tax cost. It’s ideal if you’re willing to forgo
investment income on an asset but don’t want to force your heirs to
surrender the principal.
With a lead trust, you carry out your philanthropic plans over the coming
years and save on taxes.
Call Us
For details on how you can help, please call the DJWH Foundation 217-935-9571, ext. 3258.
The Dr. John Warner Hospital Foundation was founded and incorporated in 1998 as a nonprofit organization chartered in the State of Illinois, exempt from income tax under Section 501(c) (3) of the United States Revenue Code. Contributions qualify as charitable contributions to the fullest extent of the law. See your tax advisor for more information.