If-Then Tips for Year-Round Giving

As you consider your giving options for making a difference at University Hospitals, knowing some of the "if-then" tips that apply to making a charitable gift can help you reach your philanthropic and financial goals. For example, if you receive more income during the year from earnings or investments, then the timing of a charitable gift is important – a gift made in the same year could significantly reduce your tax bill.

Cash

If you itemize deductions, then your cash gift to UH is deductible in that year up to 50 percent of your adjusted gross income, with a five-year carryover for unused deductions.

Appreciated Stock

If you have held stock for more than one year, then the full amount of the gift to UH is deductible and no capital gains tax is due on the stock’s appreciated value – it’s a double tax benefit.

Charitable Gift Annuity

Qualified retirement plans have strict annual contribution limitations. If you reach your contribution limit, then a charitable gift annuity may be a smart and easy way to make a gift to UH that provides a charitable deduction and income for retirement. If you fund a gift annuity with appreciated stock, then you also create an additional capital gains tax advantage.

IRA Charitable Rollover

If you are an IRA owner age 70½ or older, then your annual required minimum distribution (RMD) presents a gift opportunity if you do not need the income. You can instruct your IRA custodian to make a qualified charitable distribution (up to $100,000) from your IRA directly to UH that would count toward your RMD – with no tax due! It's a simple, tax-wise way to meet charitable goals and make an immediate impact at UH. And you can make these gifts every year.

Make it Happen

Thoughtful giving throughout the year makes great things possible, maximizing benefits for both you and University Hospitals. For more information, call the Gift Planning Team at 216-983-2200 or visit UHGiving.org/GiftPlanning. Consult your advisors on proposed tax law changes.

Give Now

To find out more about how you can make a difference at UH, contact us:

216-983-2200