What to Give

Gifts of Cash, Checks, and Credit Cards

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.

Benefits:

  • 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
Gifts by Will and Living Trusts

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).

Benefits:

  • 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
Gift of Charitable Trust

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.

Benefits:

  • Variable or fixed income for life
  • Reduces your taxable estate
  • Current or future income tax charitable deduction
Gifts of Appreciated Securities

A gift of appreciated securities, such as stocks, mutual funds, and bonds, can provide the donor with attractive tax benefits while helping the hospital.

Benefits:

  • 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
Gifts of Retirement Assets

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.

Benefits:

  • 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
Gifts of Life Insurance

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.

Benefits:

  • You receive a valuable income tax-deduction
  • May receive possible future deductions through gifts to pay policy premiums
Outright Gifts of Personal Property

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.

Benefits:

  • 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

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