|Securing the Future
Securing the Future is a bi-annual publication of the CHOC Foundation highlighting estate gifts. It features long-time donors and explains how their charitable gifts have supported the hospital through testamentary gifts, legacy planning, and retirement income planning.
Make Your Gift Count:
The end of the year is a time to reflect on the past and anticipate all that the future holds. ?Tis the season that the philanthropist in all of us emerges. We are grateful for the blessings and good fortune of our family, and we wish to share with those individuals and causes that need our support.
Completing a charitable gift by December 31 demonstrates your commitment to making a difference through helping others?and can reduce your federal income taxes in the current tax year. CHOC accepts many different types of assets, allowing you to enjoy significant tax savings while supporting our mission.
Assets and Needs
Cash, real estate, personal property and stocks are among the most popular charitable gifts; gifts of appreciated property that have been owned for more than one year offer special tax breaks.
Making a charitable gift of stock to CHOC is convenient, easy and economical. When you make a gift of stock to us, you receive a charitable income tax deduction for the entire market value of the stock, including capital appreciation, and avoid the capital gains tax you would have owed if the stock had been sold.
Also, don?t forget about the IRA opportunity available for this year. The Pension Protection Act of 2006 allows individuals aged 701⁄2 or older to make gifts now to qualified charitable organizations like CHOC using funds transferred directly from their IRAs. Furthermore, you will not have to pay taxes on the amounts transferred. You can transfer any amount you desire up to $100,000 on or before December 31, 2007.