Gifts to the Foundation support St. Anthony’s Hospital initiatives that continue a 75-year tradition of providing quality health care. Your support makes the latest medical advances available to our patients in a caring empathetic environment.
Our mission, vision and values compel St. Anthony’s to offer the very best in medical care. Please consider a gift to ensure that compassionate and exceptional health care continues to be available in our community.
Gifts of Cash
Cash gifts help make compassionate health care available everyday. For income tax purposes, cash gifts are fully deductible up to 50% of your adjusted gross income. Your individual tax savings will depend on your income tax bracket. For example if you make a $1,000 gift and you are in a 27% tax bracket you will save $270 on your income taxes which means that you make a $1,000 gift at a cost to you of $730. Make a gift today!
Stocks, Bonds and Mutual Funds
Stocks, Bond and Mutual Funds that have appreciated in value are one of the most advantageous ways you can support the Foundation. You may receive a charitable income tax deduction for the full fair market value of the stock (up to a maximum of 30% of your adjusted gross income) and avoid paying the capital gains tax on any increase in the value of the stock. Excess deductions can be carried over for five additional years. For example, you make a gift of stock worth $5,000, you purchased the stock for $500; you save $1,350 on your income taxes (if you are in a 27% tax bracket) plus you permanently avoid paying capital gain tax on the $4,500 of appreciation. To obtain the largest tax savings use stock that you have owned for a "long term" period of time (usually for more that one year).
What if my securities have decreased instead of increased in value? Believe it of not, you may still want to sell these securities and contribute the proceeds. In this case, you may be entitled to take a capital loss on your income tax return, as well as the charitable deduction for your gift.
Real Estate
Real estate that is not providing you with needed income can make an excellent gift to the Foundation. A gift of a mortgage free residence, farm or vacation home can allow you to take a charitable income tax deduction for the full market value, avoid the capital gains tax and escape the expense and work of selling the property.
Paid-Up Life Insurance
Paid-up life insurance that you no longer need can make a wonderful gift to the St. Anthony’s Health Care Foundation and may provide you with a significant tax deduction.
Estate Planning Opportunities
Estate gifts are an effective way to ensure that exceptional and compassionate health care are available in our community while maximizing your personal financial goals and tax-wise estate planning needs. For more information on Estate Planning opportunities, see Legacy Giving.
For more information on these and other giving opportunities, please call Robert Sherman, Executive Director, at 727-820-7816 or email Robert.Sherman@baycare.org.
