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120 Riverview Street • Franklin, NC 28734 • (828) 524-8411
Donor Recognition

 

Grace and Chuck Hill

 

Why I Give

Grace Hill has been a volunteer with the AMC Auxiliary for nearly twenty years. During this time she has accumulated more than 17,000 hours working in the Angel’s Touch Gift Shop. “When you volunteer, you get back more than you give. I have had the pleasure to work with such terrific people, and our customers are fantastic.” Grace enjoys making baby afghans for sale in the Gift Shop, and the lap robes she makes for Angel Home Health and Angel Physical Therapy are highly coveted. “I like to help others with my time, and talent. The hospital feels like family and charity begins at home.”


Husband, Charles “Chuck” Hill is also supportive of Angel Medical Center. He and Grace are lifetime members of the Century Club, now the Foundation for Angel Medical Center. “We are fortunate to have a marvelous facility like Angel Medical Center in Macon County. We all benefit from AMC and we believe it is important to financially support Angel. The Foundation for Angel Medical Center depends on many people giving gifts and no gift is too small. We don’t give with the expectation to receive anything in return; however, our gifts seem to multiply as we give them away. ”


 

 

Nancy Spagnoli

 

Charity Begins at Home

Nancy Spagnoli knows the value of charitable planning firsthand. In March 1997, she established a charitable remainder trust that names Angel Medical Center as the remainder beneficiary. In making her gift to Angel Medical Center, Nancy saw the opportunity for a teachable moment. She expressed her wish to use this opportunity “to educate the community on the value of providing gifts to nonprofit organizations through a charitable remainder trust.” Nancy has been a long-time supporter and advocate for Angel Medical Center. She acknowledges that Angel has a special place in her heart because of the caring physicians, compassionate nurses, and dedicated volunteers.

Nancy funded her trust with highly appreciated stocks that would have ordinarily created a capital gain if she sold them. However, since a charitable remainder trust does not pay capital gains taxes, Nancy was able to diversify her portfolio without incurring any capital gain by first creating the trust and selling the securities within the trust. She receives payments of 8% a year, payable each month. Nancy also received a charitable income tax deduction that she was able to use the year she funded her trust and for five subsequent years.

In summary, by establishing a charitable remainder trust Nancy was able to

o Increase her cash flow

o Receive a substantial income tax deduction

o Reduce the risk of her portfolio by diversification without incurring capital gains taxes

 

Department Contacts

Foundation Contact number: (828) 349-6887
Foundation Fax number: (828) 369-4162

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