YEAR-END: TIME TO TAKE STOCK AND ‘PUT YOURSELF IN THE PICTURE”

YEAR-END: TIME TO TAKE STOCK AND ‘PUT YOURSELF IN THE PICTURE”

This is the time of the year when many investors take stock (no pun intended) of their investments and look at some tax-planning opportunities. The elimination of the Capital Gains Tax on donations of publicly traded securities (stocks, bonds, mutual funds, segregated funds) since 2006 is a great opportunity for donors who have made gains in the market and are looking to rebalance their portfolios and crystallize some of those gains.

SharesIf that is the case, and you are looking to re arrange your portfolio, now is a good time to “put yourself in the picture” by making a gift of securities to the Digital Imaging campaign at the Almonte General Hospital/Fairview Manor Foundation, and taking advantage of the additional tax break.

If you still like the security, you can buy it back with cash. That is more tax-efficient than making the donation with cash.

When you transfer securities directly as a donation to a charitable organization such as the Foundation, the taxable amount is zero percent of the capital gain. (The same benefit applies to estates as well, so talk to your lawyer about a gift of securities in your will.)

Several of the recent supporters of the diagnostic imaging campaign have donated publically traded stocks.  We hope you will keep in mind your dedication to the Almonte Hospital and Fairview Manor. A gift of securities is the perfect way to save on your taxes and “put yourself in the picture.”

Please talk to your tax adviser, and then call Al Roberts at 613-2500, ext. 2297.

Reminder: If you are a first-time donor (as defined by the Income Tax Act), additional tax credits are available until the end of this year!

by Art Solomonian, Chair, AGH-FVM Foundation

Nancy Laws-lepage “in the picture”

Nancy Laws-lepage “in the picture”

Nancy Laws-Lepage and her husband Maurice Lepage moved to the Almonte area in 1991.  They bought a farm on the Upper Dwyer Hill road, and for 26 years, Nancy says, “The Hospital has always been there for us.” And she expects it will continue to be there as she needs different services in the future.

NancyAlthough Nancy can rhyme off dozens of reasons for their various visits to the Hospital, most relate to accidents on the farm, like the time she was hit in the head by a tree limb when they were clearing some bush.  Thankfully it wasn’t too serious but having a first-class Hospital close to home is something that Nancy appreciates immensely, and so for her, “It’s very important to give back. Almonte is definitely my focus when making donations.”

For Nancy, often it’s the small things that have really strengthened her relationship with the Hospital over the years.  She can’t say enough about how good some of the doctors have been with her as she has dealt with Maurice’s failing mental health, as a result of dementia, while also having her own battle with breast cancer.  She feels particularly fortunate to have had “Dr. Chris” as her family physician.  “She is really a great doctor.”

Nancy supported AGH’s last campaign.  She remembers one of her colleagues at the time, Tim Ray, telling her about the Quality Care for Life fund-raising drive and suggesting that she make a pledge and pay it off over a number of years; which she did.

Recently Nancy made a gift to the “Put Yourself in the Picture” campaign, both because she appreciates the Hospital, and because acquiring a CT scan is something she’s very supportive of.  “Yes, I think it’s absolutely necessary that we continue to acquire new tools like CT for our doctors. Having access to these tests close to home is so much better than having to go all the way to Renfrew or Smith Falls.”

If you want to join Nancy and “put yourself in the picture” with a one-time gift, monthly donation or multi-year pledge, please contact Al Roberts, Managing Director, AGH-FVM Foundation, at 613-256-2500 or aroberts@agh-fvm.com

BMO FINANCIAL GROUP DONATE $40,000

BMO FINANCIAL GROUP DONATE $40,000

BMO FINANCIAL GROUP DONATE $40,000 TO HELP ENSURE PATIENT AT ALMONTE GENERAL HOSPITAL HAVE ACCESS TO THE BEST IN DIAGNOSTIC IMAGING

BMO Financial Group has announced a $40,000 donation to the Almonte General Hospital Fairview Manor Foundation in support of the “Put Yourself in the Picture” campaign. The $4 million campaign has allowed the Hospital to purchase two new digital ultrasound machines, a new digital X-ray suite and a new portable digital X-ray machine.  The Hospital also plans to acquire a $2.2 million CT scan machine, subject to approval by the Ministry of Health and Long-term Care.  This generous donation brings the campaign total to $1.3 million to date.

“We are proud to continue our relationship with AGH, and help with the actualization of the spaces and equipment they need to serve the growing community,” said Lester Religa, Regional Vice President, Eastern Ontario Division, Business Banking, BMO Bank of Montreal. “The efforts of this campaign will be felt by patients of the hospital for years to come and allow for the best diagnostics on site.”

“Almonte General Hospital counts 100% on support to the Foundation from the community to ensure our staff has reliable, up-to-date equipment with which to treat our patients,” said Mary Wilson Trider, President and CEO.  AGH is a 52-bed emergency and acute care hospital serving the Mississippi Mills region as well as West Carleton, Lanark, Carleton Place, and West Ottawa. With more than 15,000 emergency visits per year and over 500 births per year, diagnostic tests like ultrasound, X-ray and CT scan are vital for high quality patient care close to home.

The Hospital moved to purchase the new equipment because both the ultrasound machine and the       X-ray equipment were more than 10 years old.  Finding replacement parts was becoming increasingly difficult when the equipment needed servicing.  With only one ultrasound, wait times were also too long.  The new digital machines are faster and easier to use, wait times are down to a few weeks verses months, the new X-ray machines emit far less radiation, and according to Chief of Staff Dr. Chris Deschenes, “The image quality with digital machines provides better diagnostic accuracy.”

In 2016, X-ray staff conducted 6,701 examinations and Ultrasound staff conducted 4,451 examinations. Currently AGH patients that require a CT scan are transported to another hospital.

For more information about the “Put Yourself in the Picture” campaign which runs until the end of 2019, please contact the AGH-FVM Foundation at: 613-256-2500 ext. 2297 or visit: www.almontehospitalfoundation.com

About BMO

Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $709 billion as of July 31, 2017 and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.

AGH purchases three new Glide Scopes

AGH purchases three new Glide Scopes

Patients at AGH are now benefiting from three new Glide Scopes thanks to donations made to the AGH FVM Foundation in 2016.  The Emergency Department, Obstetrical Operating Room, and the Main Floor Operating Room each received one, at a cost of approximately $14,000 per Scope.glide scopes

“A Glide Scope assists with intubation,” said Avis Ward, Team Lead, OR.  Intubation is accomplished by inserting a flexible plastic tube into the trachea (windpipe) to maintain an open airway or to serve as a conduit through which to administer certain drugs. “The hand-held camera device is inserted into the patient’s mouth which allows the physician to see the vocal cords, epiglottis, etc. on a monitor.  Pictures can be taken if necessary as well.”

The Hospital had two older Glide Scopes.  “They were really old,” said Ward, “even black and white.” Although they still served their purpose, physicians seem really pleased with the new ones because they allow for better viewing and are much easier to use.

“Many intubations can be difficult, especially for physicians that are not doing them every day,” points out Ward.  The new Glide Scopes make it much easier, even in difficult situations such as with a patient who has sustained a neck injury.  Other factors can also contribute to making intubation more of a challenge including short necks, receding jaws, patients with a high body mass index and head or neck trauma.

Another bonus feature of the new equipment is that it can be cleaned in the sterilizer, known as an autoclave, thus reducing the risk of infection.

The Hospital counts 100% on funds raised in the community to pay for replacement and new equipment.  These new Glide Scopes are examples of the positive impact that donors have on safe, high quality care for the patients served by AGH.