The easiest and most popular way to benefit yourself and your favorite charitable organization is an outright gift. When you itemize deductions on your income tax return, your charitable gift provides an immediate, tax-saving charitable deduction, and your prompt action allows us to meet Day Kimball Healthcare’s most pressing needs.
Make Your Gift
Gifts of Cash
Your cash donation is deductible up to 50% of your adjusted gross income. Any excess is deductible in the subsequent five years. If sent by mail, the postmark date is the delivery date. Note: A pledge is deductible inthe year it’s fulfilled.
Gifts of Securities
Gifts of stocks or other securities held long-term (more than one year) are deductible at full, present fair market value, with no tax on the appreciation. Donors can deduct up to 30% of your adjusted gross income, with a five-year carryover for any excess. If mailed, the postmark is the delivery date, otherwise, it's the date received by DKH.
Gifts of securities are welcome. Please contact our Development Coordinator, Nicole Missino, at (860) 928-7141 or via email at: firstname.lastname@example.org.
If you own stock or mutual fund shares that have appreciated in value, for most donors, the fair market value of stocks and bonds may be deducted for income tax purposes up to 30 percent of adjusted gross income with a five-year carryover. The value of the gift is the average market value price on the date the gift is made. The actual tax impact of such a gift, as well as the rules regarding this form of charitable giving should be reviewed with a qualified tax advisor.
As you prepare to send your stock gift, please provide the Development Office with the following information to help properly credit and acknowledge your gift. Please include the following with all gifts:
- Tentative Gift Amount
- Tentative Transfer Date
- Name of Securities
- Number of Shares
- Stockbroker/Brokerage Name & Contact Number
Gifts of Tangible Property Held Long Term
If we can use the property for a purpose related to our exempt function, you can deducted its current fair market value up to 30% of your adjusted gross income, with no tax on the appreciation.
Planned gifts are usually deferred, meaning they are arranged now and fulfilled later. For example, a person could include a provision in his or her will to make a bequest to a charitable organization. That arrangement would be a "planned" gift.
Or, a person might establish a charitable trust that could provide income to the donor (or someone else) for a period of time (usually for life). After this gift-deferral period, the trust would "mature" and the remaining assets (corpus) would go to one or more charities. This is called a charitable remainder trust.
Another kind of planning device allows a donor to place assets in a trust that pays out income to charity for a period of years. Then, when this trust "matures," whatever is left goes back to the donor or to someone else stipulated by the donor. This is called a charitable lead trust.
Another deferred gift instrument is the charitable gift annuity. This is popular with many donors because it represents a life-time contract between the donor and a charity, and because it is relatively simple to understand and establish. For example, a donor gives $25,000 to a charity and receives, in return, a set amount of money every year for the rest of his or her life. The donor also has the choice of naming someone else as the annuitant to receive the annuity payments.
For more information on planned gifts, contact Pam Watts, Interim Director of Development at (860) 928-7141 or by email at email@example.com.
Make Your Gift