What to Give
Your gift to Doylestown Hospital can take a variety of forms:
The most direct and easiest method to make a gift is by cash (including check or credit card.) When you give cash, your gift is available immediately for use by the Hospital. In addition, your gift will be tax-deductible to the full extent of the law.
Gifts such as stocks and bonds may provide an extra tax benefit to gifts of cash. In addition to receiving an income tax deduction for the fair market value of the security, you may also avoid capital-gains tax that would have resulted from a sale of the security.
Gifts of a home, business property, or other real estate, can be given to Doylestown Hospital for a charitable tax deduction. Your attorney or tax advisor can discuss the benefits of making such a gift during your lifetime rather than having your executor sell the property in order to make a cash bequest. A donor may make a gift of a personal residence and maintain the right of lifetime use by the donor or a loved one.
Retirement Plan Assets
Gifts of assets from a retirement plan may transform into important philanthropic support for Doylestown Hospital and may be the most cost effective way to fulfill your philanthropic goals. Retirement plan assets left at death to children, grandchildren or beneficiaries other than your spouse are subject to both income and estate taxes. The combination of taxes may be 60% or more of the retirement plan assets.
Gifts of tangible personal property may be made to Doylestown Hospital for use that is related to our mission of providing a responsive, healing environment. Your gift may give rise to an immediate tax benefit and may reduce your estate tax liability as well. All gifts-in-kind are credited to Doylestown Hospital at the appraised value. As the donor, you are responsible for providing a timely appraisal for your tax purposes.
Gifts of life insurance are made by naming Doylestown Hospital as the policy beneficiary or signing over the policy to the Hospital. For more information about the various tax benefits for these types of gifts, please contact the Doylestown Health Foundation at 215-345-2122.
Make a Gift