Best Assets for Giving
There are a number of assets that you can give in support of Orlando Health. Below you’ll find information on how to give:
CashCash is a frequently used asset for all forms of charitable gifts and provides the most immediate deductions. Every dollar you give will be deductible up to 50% of your adjusted gross income, if you “itemize.” Excess deductions can be carried over and deducted in up to five future years. A $1,000 contribution saves $350 for a person in the 35% tax bracket, $250 for someone in the 25% bracket. Tax savings are not the reason friends support our endeavors, of course, but they do enable supporters to do more than they might have thought possible. But the results may be better if you give investment assets that have gone up in value.
Investment AssetsPeople often are surprised to learn that there are different tax results from giving different types of property. Gifts of highly appreciated securities, for example, may be particularly favorable. If stocks have been owned more than one year, then donors can deduct not just their original cost, but also any “paper profit” present in the gift. Best of all, there are no capital gains taxes due when you give securities. Mutual funds and other types of investments offer the same advantages. Call us before you sell profitable stocks.
Real EstateThe tax benefits available for gifts of highly appreciated real estate are virtually identical to those for gifts of securities that have gone up in value. First, you avoid capital gains tax on your profit. Second, you receive an income tax charitable deduction for the full fair market value of the property you contribute. Call us before you sell investment real estate, vacation property or farm land.
Business InterestsMany of our friends own stock in their own businesses that can be given at extremely low cost, providing personal deductions that are “paid for” by the company. Call us before you sell your business, sell replacement stock from an employee stock ownership plan (ESOP) or plan for passing your business to the next generation.
Thank you for supporting Orlando Health. If you have any questions, please feel free to contact:
Vice President of Planned Giving and Major Gifts
Email Matt Lilly