|
| Giving Opportunities |
|
Planned Gift: this includes any gift that is carefully considered by the donor in light of estate or financial plans. A planned gift has tax implications and is often transmitted through a legal document such as a will or a trust.
Sponsorship: Individuals and businesses are welcome to become sponsors of our special events. The Kingston Golf Classic takes place each year on Memorial Day weekend. The Winter Gala, which is an elegant affair, takes place the last Saturday in January.
Cash: Cash is the simplest method of giving. Your gift is fully tax deductible up to a maximum of 50% of your adjusted gross income; the amount of savings depends on your tax bracket.
Endowments: Endowments are perfect for a donor who has contributed to the organization for many years, and wants to continue to do so after their death. For example, to establish an endowment with the CMC foundation, a donor contributes $25000, which CMC Foundation invests. Only a portion of the investment income, however, is spent each year. The remainder of the income is reinvested in the fund, which allows the fund value to grow and support annual payouts indefinitely. The donor receives an income tax deduction for the full amount, and also reduces the size of their taxable estate at death. CMC Foundation receives the benefit of the donor's generosity in perpetuity.
Gifts - in Kind (non-cash items): Goods and services to assist Conway medical Center Foundation in carrying out the purpose for which we are chartered.
Honorary Gifts & Memorials: A special way to honor a friend or family member. The gift may be given to commemorate a special occasion, to share in the joy of a new life or to honor the memory of a loved one.
Real Estate: With real estate, you can deduct the value of your gift up to 30% of your adjusted gross income. And in donating real estate held long term, you generally receive a deduction based on the increased value of the property and pay no capital gains tax.
Personal Property: If you give personal property, your deduction is based on the relationship of the gift to the recipient's exempt function. A gift of related=use property is usually deductible at up to 30% of your adjusted gross income.
Stocks: A gift of long-term appreciated stock offers two tax savings. First, you avoid capital gains tax. Second, you receive an income tax deduction - based on up to 30% of your adjusted gross income.
|
 |
|
|