Gift Acceptance Policies

Philanthropic support is important to Hartford Hospital as it helps us fulfill our vision to be the regional destination provider of innovative and complex care. Hartford Hospital is a not-for-profit corporation under the laws of the State of Connecticut and a tax exempt organization under 501(c)(3) of the Internal Revenue Code. Contributions to Hartford Hospital are tax deductible as provided by law.  

The Department of Philanthropy is responsible for all aspects of charitable giving to the hospital. In accepting a gift, the department will be responsible for stewarding both the donor and the gift. 

The department will seek the advice of legal counsel as necessary in matters related to planned and other gifts, and will execute no agreement, contract, trust, or other legal document with any donor without the advice of legal counsel. Prospective donors shall be advised to seek counsel of their attorney and/or other financial advisors on any and all aspects of a proposed gift, whether by bequest, trusts, agreement, or contract. Donors will be advised to consult their advisors on matters related to tax implications of a gift and the planning of their personal estate.

The purpose of these policies is to note the types of gifts accepted, provide guidance to donors in making gifts, and to protect the best interests of Hartford Hospital.

Contributions shall be made by the donor for those programs or services that best serve the needs of Hartford Hospital. All contributions shall be made and accepted in conformity with the provisions of federal and state laws, as well as the Internal Revenue Code and regulations that are in effect at the time of the gift transaction.

Authorization and Gift Acknowledgement

It is the responsibility of the Philanthropy Department to ensure that the gift is acceptable and that the donation qualifies as a charitable gift. The department will issue a timely acknowledgement to donors that will also serve as the donor’s record of the gift for tax purposes.

Hartford Hospital may choose to decline a donation for reasons that may include, but not be limited to:

            1.    The gift or terms set forth by the donor are illegal

2.    The gift could jeopardize the tax-exempt status of the hospital

3.    The gift could improperly benefit a donor

4.    The gift runs counter to or beyond the scope of the hospital’s mission and purpose

5.    The gift could financially jeopardize the hospital

6.    The hospital does not have the resources to honor the terms of the gift

7.    For gifts of property, a fair market value cannot be determined or will result in additional expense to the hospital

8.    For gifts of property or in-kind gifts, there are physical or environmental hazards

 Restricted and Unrestricted Gifts

Unrestricted Gifts:

Grants or gifts that have not been designated by the grantor or donor for a specific purpose shall be recorded as unrestricted donations.

Restricted Gifts:

Grants or donations that have been designated for specific purposes shall be placed in the special purpose fund and recorded as restricted donations. 

Types of ACCEPTED Gifts

The following types of gifts may be accepted or agreements made with prospective donors:

  • Cash/Check/Credit Card
  • Corporate Matching Gifts
  • Appreciated Securities (Stock Gifts)
  • Gifts of Real Estate
  • Gifts of Personal Property (In-Kind Gifts)
  • Gifts of Life Insurance
  • Planned Gifts and Life Income Arrangements 

Ø      Charitable Gift Annuities

Ø      Charitable Remainder Trusts

Ø      Charitable Lead Trusts

Ø      Bequests

Ø      Retained Life Estates

Ø      Retirement Plan Assets

  •  Named and Endowed Funds

For more information, contact Carla Burgess, director of development, at 860.972.1932 or at carla.burgess@hhchealth.org.