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Immediate gifts bring immediate benefits
Gifts of Cash
A gift of cash, usually made by check, is the most popular form of giving.
Click here to mail us a donation to benefit a specific area of care.
Appreciated Assets
Increased benefits for donors and the hospital
While cash is the most common type of gift, donors can also make outright gifts of publicly traded securities, real estate, closely-held stock, partnership interests and other assets. Gifts of long-term appreciated property provide the same financial benefits to Holy Cross Hospital as cash, and you receive an immediate income tax deduction (deductible up to 30 percent of your adjusted gross income) and completely eliminate capital gains tax on the asset's appreciation.
Stock/Securities
Giving appreciated stocks and bonds (or mutual funds) can be more cost effective for a donor than a cash gift of the same amount because the full fair market value of the securities on the date of your gift, and not your cost basis, is used to determine your income tax deduction. Importantly, neither you nor Holy Cross Hospital will be required to pay a capital gains tax on the securities when they are sold.
Download instructions on how to make a gift of stock.
Gifts of tangible personal property
Gifts of tangible personal property, real estate or other current gifts may be accepted.
Real Estate and Other Property
A gift of appreciated real estate provides the same income tax benefits that apply to gifts or appreciated securities - your income tax deduction will be based on the full, fair market value of your gift, and neither you nor Holy Cross Hospital will have to pay capital gains taxes on the appreciation.
Gifts of Personal Property
Technically referred to as Personal Tangible Property, it includes artwork, antiques, cars, motorized vehicles, stamps, coins and other collectibles. They are deductible at full fair market value only if Holy Cross Hospital uses the gift in providing health care services (related use rule). If we sell the gift to obtain funds to use for operations, your income tax deduction is limited to your cost basis in the property.
Contact our Foundation office if you have any questions or would like to learn more about the ways you can benefit Holy Cross Hospital. Call 301-754-7130 or email foundation@holycrosshealth.org.
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