Campaign Update Swedish Medical Center
Year End 2012
The Campaign for Swedish surpasses initial $100 million goal It’s not too late to participate in the Campaign
Fundraising to continue during “Homestretch”
There are several reasons donors should consider a
The Campaign for Swedish was launched at Swedish
gift to the Campaign before year-end:
Medical Center in January 2007, with the vision of creating the region’s first broad-based, full-service, non-profit health
FIRST, there is a negative cash flow impact if a chari-
system that is nationally and internationally known for
table gift is delayed until 2013. Delaying gifts now requires
providing exceptional care. The Campaign’s $100 million
the donor to pay more in taxes on the income not donated
seven-year goal was ambitious: never before had Swedish
in 2012, while the tax savings from a charitable deduction
undertaken such a major fund-raising initiative.
will be delayed until April 2014.
I am very excited to announce that The Campaign for
SECOND, both political parties have proposed tax legis-
Swedish has already raised over $105.5 million, exceed-
lation that would limit the future value of all deductions, includ-
ing our initial goal on July 31, 2012, more than 17 months
ing charitable gifts. If charitable gift deductions are limited
prior to the end of the formal Campaign period (December
to the 28% tax bracket, a donor in the 35% tax bracket would
2013). Our success is a testament to you.
save $3,500 in taxes for a $10,000 gift made in 2012, but only $2,800 if the deduction limit is imposed for 2013.
We are extremely grateful for your generosity, and the support of the more than 50,000 other donors who have
THIRD, even if tax rates are higher next year and
contributed to The Campaign for Swedish to date. With your
deductions are not limited, there is always a risk that stock
help, Swedish has launched more than 40 major programs
market values will drop next year. If a donor is interested
and projects during the last five-and-a-half years, spanning
in making a gift of securities, the possibility of reduction in
nearly every area of care.
market values next year may more than offset any possible value from taking the tax deduction in 2013.
But we are not finished yet. During the next 13 months of the “Campaign Homestretch” period, the Swedish Medical
Again, we thank you for making The Campaign for Swedish
Center Foundation will continue to partner with the com-
an early success. We look forward to your continued part-
munity to raise additional funds for existing programs.
nership during the “Campaign Homestretch” that will help
Support generated during the “Campaign Homestretch”
ensure Swedish remains a destination for world-class care.
will also advance new initiatives like The Lytle Center, which will offer access to comprehensive care for expectant families and provide an array of much-needed postpartum services for new mothers and their babies both before and
Don Theophilus Executive Director, Swedish Foundation
after they are discharged from the hospital. 1
campaignforswedish.org