Other Ways to Give
Gifts of Stock
If you own stock, it is often more tax-wise to contribute stock than cash. This is because a gift of appreciated stock generally offers two-fold tax savings. First, you avoid paying any capital gains tax on the increase in value of the stock. Second, you receive an income tax deduction for the full fair market value of the stock at the time of the gift.
Always check with your accountant or other tax advisor for the advantages (and possible drawbacks) of making a gift, based upon your particular circumstances.
Gifts of Real Estate
A gift of real estate can also be tax-wise. A residence, vacation home, farm, acreage or vacant lot may have so appreciated in value through the years that its sale would mean a sizeable capital gains tax. By making a gift of this property instead, you would avoid the capital gains tax, and, at the same time, receive a charitable deduction for the full fair market value of the property. It is also possible to make a gift of your home, farm or vacation home so that you and your spouse can continue to use it for your lifetimes – while you receive a current income tax deduction.
Many businesses and corporations match charitable gifts, allowing you to double or even triple your gift to Spartanburg Regional Foundation. Most companies require a special form to be completed, while others have automated programs requiring a phone call. Contact your human resources office for information about your company’s program.
Affect the future of the Upstate’s health care today with the Legacy Society and planned giving options. A planned gift of stocks and securities, or real and personal property, or of trust proceeds offers an invaluable and enduring symbol of your commitment.
The Legacy Society recognizes those who have included the Spartanburg Regional Hospital Foundation in their wills or through other deferred gifts of estate planning.
Gifts of Life Insurance
A gift of life insurance can provide a significant charitable deduction. You could purchase a new policy or donate a policy that you currently own but no longer need. To receive a deduction, designate us as both the owner and beneficiary of the life insurance policy. Check with your insurance agent for the details.
For more information, call the Spartanburg Regional Foundation at 864-560-6727
You can also mail your gift to:
Spartanburg Regional Foundation
PO Box 2624
Spartanburg, SC, 29304