Holy Family Foundation Gifting

When considering ways to make a charitable contribution to the Holy Family Foundation, you have a variety of options to help strengthen Holy Family Hospital's programs and services now and in the future. These options also include ways to protect and enhance your personal financial security and reduce your tax liability and estate taxes.

Please call or email the Holy Family Foundation for a confidential discussion with you and your financial advisors to explore the best scenarios. We are able to provide examples and illustrations of the advantages of making charitable contributions.

Listed below are some of the gifting vehicles that one can use to make a major difference in providing quality healthcare in our region through charitable contributions.

Bequests
A gift through a will is the most common and easy deferred gift. A bequest is an instruction in your will that a certain portion of your estate be given to a named beneficiary. Charitable bequests to Holy Family Foundation allow you to extend your support beyond your lifetime. They are a means of providing a meaningful gift without diminishing assets during a donor’s lifetime and can be restricted to a specific purpose at the hospital.

A Gift of Cash
Most contributions to Holy Family Foundation are gifts of cash, checks, money orders, bank drafts or currency. Gifts of cash are still the most popular way to make a charitable contribution.

A Gift of Real Estate
You may choose to gift property to the Foundation and deduct the fair market value as a charitable contribution. If the property has decreased in value, it is better to sell the property, take a capital loss and gift the proceeds from the sale.

A Gift of Tangible Property
A gift of tangible property that is related to our exempt function may be deducted at the fair market value of the property without the payment of any capital gains on the appreciation. That is, provided the property has been owned more than twelve months.

A Gift of Life Insurance
An irrevocable gift of a life insurance policy with the Foundation named as owner and beneficiary presents a very appealing way of making an outright charitable gift. You can also become the insured of a new whole life policy with the Foundation being the owner and beneficiary and you make a tax-deductible contribution to the Foundation equal to the premium payments.

A Charitable Gift Annuity
The Charitable Gift Annuity is a combination of a gift to our organization and an annuity. Since part of the annuity payment is tax-free return of principle, the gift annuity may provide you with a very substantial income. The combination of partially tax-free income and the initial charitable deduction makes this agreement quite attractive.

A Gift in Trust
A lifetime gift with retained income benefit to the donor or other beneficiaries, named by the donor, is an ideal method of obtaining both an immediate income tax-deduction and a later estate tax deduction. Appreciated property is a very attractive funding mechanism for a charitable remainder trust since there will be the avoidance of capital gains taxes when the property is placed into the charitable trust and then sold by the trustee at a later date.

The staff at Holy Family Foundation or the Providence Health & Services (PH&S) staff would be pleased to confidentially discuss an outright or planned gift with you and your advisors. We are able to provide examples and illustrations of the advantages of making charitable contributions.



	GIFTING When considering ways to make a charitable contribution to the Holy Family Foundation, you have a variety of options to help strengthen Holy Family Hospital's programs and services now and in the future. These options also include ways to protect and enhance your personal financial security and reduce your tax liability and estate taxes. Please call or email the Holy Family Foundation for a confidential discussion with you and your financial advisors to explore the best scenarios. We are able to provide examples and illustrations of the advantages of making charitable contributions. Listed below are some of the gifting vehicles that one can use to make a major difference in providing quality healthcare in our region through charitable contributions. Bequests A gift through a will is the most common and easy deferred gift. A bequest is an instruction in your will that a certain portion of your estate be given to a named beneficiary. Charitable bequests to Holy Family Foundation allow you to extend your support beyond your lifetime. They are a means of providing a meaningful gift without diminishing assets during a donor’s lifetime and can be restricted to a specific purpose at the hospital. A Gift of Cash Most contributions to Holy Family Foundation are gifts of cash, checks, money orders, bank drafts or currency. Gifts of cash are still the most popular way to make a charitable contribution. A Gift of Real Estate You may choose to gift property to the Foundation and deduct the fair market value as a charitable contribution. If the property has decreased in value, it is better to sell the property, take a capital loss and gift the proceeds from the sale. A Gift of Tangible Property A gift of tangible property that is related to our exempt function may be deducted at the fair market value of the property without the payment of any capital gains on the appreciation. That is, provided the property has been owned more than twelve months. A Gift of Life Insurance An irrevocable gift of a life insurance policy with the Foundation named as owner and beneficiary presents a very appealing way of making an outright charitable gift. You can also become the insured of a new whole life policy with the Foundation being the owner and beneficiary and you make a tax-deductible contribution to the Foundation equal to the premium payments. A Charitable Gift Annuity The Charitable Gift Annuity is a combination of a gift to our organization and an annuity. Since part of the annuity payment is tax-free return of principle, the gift annuity may provide you with a very substantial income. The combination of partially tax-free income and the initial charitable deduction makes this agreement quite attractive. A Gift in Trust A lifetime gift with retained income benefit to the donor or other beneficiaries, named by the donor, is an ideal method of obtaining both an immediate income tax-deduction and a later estate tax deduction. Appreciated property is a very attractive funding mechanism for a charitable remainder trust since there will be the avoidance of capital gains taxes when the property is placed into the charitable trust and then sold by the trustee at a later date. The staff at Holy Family Foundation or the Providence Health & Services (PH&S) staff would be pleased to confidentially discuss an outright or planned gift with you and your advisors. We are able to provide examples and illustrations of the advantages of making charitable contributions.
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