Peninsula Regional Medical Center - Part of Peninusula Regional Health System


What Assets to Give?


What Assets to Give?

Cash

It is the easiest transaction for both you and us. Gifts of cash are fully deductible-up to a maximum of 50% of your adjusted gross income. Any excess can generally be carried forward and deducted over as many as five subsequent years.


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.  Check with your insurance agent for details.


Real Estate

There are several options for gifting real estate.  An outright gift of a home, farm, vacation property, or land avoids capital gains taxes and permits the donor to take a tax deduction for the full value of the gift. Another option is to gift the property while retaining the use of it for the donor’s lifetime.


Gifts of Stock

Get the same tax deduction as if you had given cash, but use stocks, bonds, or fund shares that cost you less than they are currently worth. Your deduction is based on market value, but you incur no capital gains liability on the transfer to us.  Learn More


A Retirement Account

The balance remaining in your retirement account after your death is often subject to double taxation if it passes to your heirs, by being taxed both as income and as an estate asset. It may be a better plan to designate the remainder of your account to us, and then use other assets for gifts to your family. 


***Please check with your attorney, accountant, or tax advisor for additional information on how these general rules apply to your situation.

We appreciate your interest and support, and would be pleased to meet with or provide you with additional information on the advantages of planned giving. 

We can be reached at the Peninsula Regional Medical Center Foundation by calling 410-543-7140.