
Ways to Give
Making Gifts and Giving: Current Gifts
Immediate gifts bring immediate benefits
Gifts of Cash
A
gift of cash, usually made by check,
is the most popular form of giving.
| Mail us a donation to benefit a specific area of care. | |
| Make an immediate donation using our online Giving Center |
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 |