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Ways to Give In addition to providing for the needs of Monongahela Valley Hospital and the community, you can enjoy benefits from your charitable donation. This includes income tax deductions you may be entitled to as a result of your generosity. The following information provides an explanation of the various ways you can plan significant gifts to the campaign while taking full advantage of the income and estate tax benefits allowed under the law. Outright Gifts Cash Cash contributions qualify for a charitable tax deduction of up to 50 percent of a donor's annual adjusted gross income. Any unused portion of the deduction, may be carried over for up to five years. Securities There are distinct tax advantages to considering gifts of appreciated securities such as stocks, bonds and mutual funds. The donor incurs no capital gains tax on appreciated securities given for charitable purposes and can claim a charitable income tax deduction of up to 30 percent of annual adjusted gross income (with a five-year carry over). The valuation of marketable securities given for charitable purposes is the mean value between the highest and lowest selling process on the date of the gift. Real Estate A gift of real estate or undivided partial interest that has appreciated in value can be an attractive option when considering a major charitable contribution. The services of a qualified real estate appraiser are required to determine the value of a contribution of real estate. As with other appreciated property gifts, the charitable deduction for a gift of real estate is based on the property's current fair market value and the donor incurs no capital gains liability. Corporate Gifts A corporation can make and deduct charitable gifts of up to 10 percent of taxable income per year. Matching Gifts Numerous corporations have matching gift programs through which an employer can match an associate's charitable gift in varying amounts. Donors are urged to obtain their employer's matching gift forms and leverage their own gifts. Life Insurance The use of life insurance policies for charitable giving is another option when planning a major contribution. A paid-up policy yields a charitable income tax deduction approximately equal to the policy's replacement value. If premiums remain to be paid, the value of the gift is slightly in excess of the policy's cash surrender value. If the donor continues to pay the policy premiums, a contribution deduction is allowed for premium payments. In order to qualify for the charitable deduction, the donor must relinquish all incidents of ownership in the policy and irrevocably designate the Hospital as the beneficiary. |
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"This has always been a community hospital and that’s what this is all about. This expansion is for the community. This is going to help the community to attract more and different specialties from different areas, specialists, and also it’s going to help our employees provide better care for the people of the community in a timely manner. That’s what Mon Valley is all about." - Thad Osowski, M.D. Anesthesiology / Pain Mangement Monongahela Valley Hospital |
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 Home | About | Capital Campaign | Ways to Give | Contact | Donate Monongahela Valley Hospital: 1163 Country Club Road, Monongahela, PA 15063, 724-258-1000 © 2011 Mon-Vale Health Resources, Inc. | All rights reserved. |
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