With a gift of $1.2 million, the Kay Stafford Memorial Fund has now awarded grants to more than 70 local community groups for the benefit of providing better health care to residents of Quinte West and Brighton. From ambulances to defibrillators, the Kay Stafford Memorial Fund has donated more funds than the original gift received from the late Kay Stafford in 1997. Again this year, applications are available online at tmhfoundation.com and due by Thursday March 29.
The grants that the Kay Stafford Fund is able to provide help the efforts of the hospital by providing medical training, equipment, and enhancements at sites, which in turn reduce the demands on the Emergency Department and other operations at the hospital.
Kay Stafford endowed a gift of $1.2 million in her will to the TMH Foundation with the caveat that the investment income be disbursed each year. The majority of it (75%) is allocated to community groups.
While all applications that meet the criteria are considered, those of particular interest this year, are applications that seek funding for projects that provide education, diagnosis or treatment of health care conditions such as: COPD, PTSD and Diabetes.
Charitable giving is a very viable option for people seeking tax breaks, reducing estate taxes and a better way to ensure their beneficiaries get the gifts they intended them to receive.
Wendy Warner, Executive Director of TMHF Says, “You can choose to leave your estate to your heirs, the government and/or a charity. Without adding a charity, your estate will pay taxes that will reduce the amount your loved ones will actually receive. Even leaving just 1% of your estate to your favorite charity can have a tremendous impact.”
Applications to the Kay Stafford Fund will be accepted until Thursday March 29, 2018 at Noon. They can be sent electronically to email@example.com.