Pay it forward. We’ve all heard the phrase, but it’s much harder to live it. And, especially in these tough economic times, there’s no shortage of causes that need your help. When financial strain affects so many of us, we’re more careful than ever about where our dollars go. But donating to your local hospital is one spending decision you won’t regret. Here’s why:
The health benefits. Giving back is good for you. “Many studies show that people who donate their time, talents and resources have lower levels of stress and depression,” says BillMcGinly, Ph.D., president and CEO of the Association for Healthcare Philanthropy. “While it’s still not clear whether giving contributes to happiness or that happy people are the ones who are most likely to give, you really can’t go wrong when you give with a grateful heart.”
The emotional benefits. People who have had a recent personal experience with a hospital’s programs or services are often inspired to give, McGinly says. Plus, it can be therapeutic.
The community benefits. Donor dollars improve the region. “A financially healthy hospital can do more for the community, from health fairs to flu shot clinics,” McGinly says.
The future benefits. Your donation can help fund medical research and clinical trials, which improve the future of healthcare in your community. “Long after you’re gone, your local hospital will continue caring for people and saving lives,” McGinly says. “And by donating, you’ve become a part of that.”
The tax benefits. A gift to your local medical center can help lower your taxes at the end of the year. Depending on your income bracket, a $100 donation might only cost you $67 (for a 33 percent tax bracket). “It’s an inexpensive way for the government to contribute to local hospitals as well,” McGinly says.
The fringe benefits. “Hospital foundations often hold elaborate fundraising events, from glamorous galas to black-tie auctions and prestigious golf tournaments,” McGinly says. “It’s a great way to connect with like-minded individuals.”
Local Couple Saves Infants’ Lives Via Donation
The photo with this blog? In 2013 Greg and Tammy Shumate decided to live generously by donating funds to purchase a transport incubator for high-risk and critically ill newborns. Through their generosity, dozens of area infants have a better chance at life. Read more about the Shumates and their donation in the Spring 2013 issue of Vim & Vigor magazine.
But you don’t have to be able to donate such a high-profile gift to be part of the work of Gwinnett Medical Center. Visit gmcgiving.org to find the involvement level that is right for you.