Gifts of Cash, Checks, Bank Withdrawals or Ongoing Giving: A gift of cash is a straightforward and easy way to support our mission
and to show gratitude to caregivers. We often hear from patients that
they would like to be able to express their gratitude for the care they
received. You can give a gift of cash by check, credit card or bank withdrawal.
We now offer the option to provide a sustaining gift.
Gift of Stocks, Bonds, and Mutual Funds: You may give appreciated securities such as stocks, bonds and mutual funds
directly to the Foundation. When you make this type of donation, you receive
an income tax charitable deduction for the fair market value of the securities
as of the date the gift was made, and you avoid any capital gains tax
that would have applied to the appreciated securities had they been sold
during your lifetime.
Gift of Real Estate: There are several potential benefits for donating real estate. For example,
the value of the real estate may have increased since you purchased it.
That means that you may be able to take advantage of that appreciated
value in the form of a charitable deduction. And when you contribute property,
the capital gain on the appreciation is bypassed.
Gift of Life Insurance: You can designate the Foundation as a full or partial beneficiary of your
life insurance policy. You may use an existing policy or purchase a new
policy to facilitate this gift. When you give life insurance to the Foundation,
your estate receives a charitable deduction for estate tax purposes.
Donor Advised Funds: This specialized account receives funds that are earmarked for charitable
giving down the road, but do not immediately specify the charity. Money
going into this account receives a deduction as if it were going to the
charity itself. The money stays in the account and grows tax free until
you grant it to the qualified charity of your choice.
Charitable Lead Trust (CLT): With a CLT, you transfer property (typically cash or stock) to the trust
that will provide an income stream to the Foundation for a set period
of time, usually between 10 to 20 years. After the term is complete, the
assets remaining in the CLT are transferred to the beneficiaries that
you name. The CLT is a favorable approach when you want to help the Foundation
and eventually pass the assets to your beneficiaries at a reduced tax cost.
Charitable Remainder Trust (CRT): A CRT provides income to you and/or other beneficiaries. At the end of
the CRT’s term (usually at the end of the beneficiaries’ lifetimes),
what remains in the trust is transferred to the Foundation. The CRT provides
you or your beneficiaries with an income stream while also providing a
future benefit to the Foundation.
Charitable Gift Annuity (CGA): A CGA allows you to make a tax deductible gift today and receive a guaranteed
income for your lifetime and the lifetime of another, if you choose. Your
annuity payments may begin now, or be deferred to a time that you specify.
The older you are, the more favorable the annuity payment. CGA donors
receive significant tax benefits, including an immediate charitable tax
deduction for a portion of the gift amount, and a portion of each income
payment is considered a tax-free return of principal.
Retirement Benefits: You can make a gift of your retirement plan assets such as IRAs and 401(k)
plans. Your retirement assets generate income which means that the asset
is subject to income tax and possibly estate tax by your beneficiary.
By making a gift to the Foundation, the tax implications can be greatly
reduced. If you are 72 years of age or older, you can direct that up to
$100,000 from an IRA be distributed directly to Sauk Prairie Healthcare
Foundation without recognizing any income. This is called a charitable rollover.
Wills and Bequests: Leave a lasting legacy. Your will is the legal document that tells your
executor how you want your estate to be divided upon your passing. An
easy form of charitable estate planning is naming the Foundation in your
will. This is referred to as a bequest. You can specify an exact amount,
a percentage of the estate or a variety of other designations. Your estate
receives a charitable deduction for estate tax purposes as a result of
a bequest.
