What to Give
A cash gift is the most common and convenient way to give in support of St. Joseph’s Hospital. Gifts may be made outright, while larger gifts may be pledged over a period of three to five years. Donors may make unrestricted gifts to allow the Foundation to address pressing priorities, or designate their gift for a specific use.
- Receive a current income tax deduction
- Reduce your potential estate taxes in the future
- Determine the exact amount of your desired support
- Experience the joy of giving today
A simple form of estate giving is a bequest made through a donor’s Will. The following language may be helpful when making a gift by will: I give, devise, and bequeath to St. Joseph’s Hospitals Foundation, a charitable foundation and tax exempt organization, the sum of __ dollars (or otherwise describe the gift; often a percentage of the residuary estate is designated).
- Provide for your family after your death
- Distribute your assets according to your wishes
- Save on estate taxes with proper planning
- Leave a legacy without giving up assets
A Charitable Remainder Trust (CRT) is designed to pay beneficiaries a fixed or variable income payment for a designated period of time, after which the remainder of the corpus of a Trust passes to St. Joseph’s Hospitals Foundation. A Charitable Lead Trust (CLT) is designed to pay a charitable entity such as the Foundation income for a designated period of time, after which assets of the trust are returned to the donor or another beneficiary.
- Variable or fixed income for life
- Reduces your taxable estate
- Current or future income tax charitable deduction
A gift of appreciated securities, such as stocks, mutual funds, and bonds, can provide the donor with attractive tax benefits while helping the hospital.
- You receive a federal income-tax deduction for the full fair-market value of securities
- You avoid long-term capital-gain tax on any appreciation in the value of the stock
- Your gift will support St. Joseph’s Hospitals as you designate
Making a gift of a qualified retirement plan asset, such as a 401(k), 403(b), or IRA is another way to benefit the hospital and receive significant tax savings.
- Make a gift from the most highly taxed assets allowing better assets for your family
- Your gift is transferred directly to St. Joseph’s Hospitals preventing them from being included in your gross income
- You support the programs that are important to you at St. Joseph’s Hospitals
Donors can use life insurance to make a gift to St. Joseph’s Hospitals Foundation by naming the Foundation as the owner and beneficiary of a life insurance policy.
- You receive a valuable income tax-deduction
- May receive possible future deductions through gifts to pay policy premiums
Property may be given outright to support the purposes of the Foundation, and the donor may take a charitable income tax deduction based on its appraised value, or you may use real estate to fund a life income gift.
- You avoid capital-gain tax on long-term related-use property
- You provide significant support for St. Joseph’s Hospitals without affecting your income
- You provide a charitable deduction based on the full fair market value