In the majority of cases, funds will be raised forKeeping the Promise…The Campaign for Boca Raton Regional Hospital through pledge commitments payable over three to five years. Cash or liquid securities are the preferred forms of giving to the campaign. Other forms of giving are also appropriate and may offer donors an attractive alternative, perhaps enabling them to significantly increase the size of their gift. All gifts, other than cash or securities, will be reviewed and accepted by authorized representatives of Boca Raton Regional Hospital (BRRH).

The following information is not to be construed as legal or financial advice, or contrary to IRS guidelines. In all cases, donors are advised to consult with their own legal and financial advisors to determine specific tax savings and/or the giving opportunity which best fits their particular need.

Gifts of Cash/Check/Credit Card:

The simplest way to make a gift is to contribute cash, checks or via credit card. A tax deduction is taken in the year the gift is made. If the amount exceeds 50 percent of the donor’s adjusted gross income, the excess contribution may be carried over for up to five additional years. Cash gifts are credited on the date they are received by Boca Raton Regional Hospital Foundation. If sent via mail, they are credited on the date of the postmark. Credit card gifts are credited on the date of the transaction.

Corporate Matching Gifts:

Some corporations encourage officers, former officers, employees or their spouses, and retirees to make charitable contributions by matching their gifts dollar-for-dollar, and sometimes as much as two or three dollars for every dollar given. In all cases, corporate matching gifts will be encouraged and soft-credited to the donor in the proportion designated by the matching gift arrangement.

Gifts of Securities:

For outright gifts of appreciated long-term securities the deduction is equal to the fair market value of the securities on the date the donor relinquishes control of the assets to Boca Raton Regional Hospital Foundation. Gifts of this nature also allow the donor to avoid capital gains tax on the appreciation of the stock. Boca Raton Regional Hospital Foundation gladly accepts gifts of Israel Bonds.

Gifts of Closely Held Stock:

The donor avoids capital gains on appreciation of the stock and receives an immediate tax deduction up to 30 percent of the adjusted gross income. If the amount of the gift exceeds 30 percent of the donor’s adjusted gross income, the excess contribution may be carried over for up to five additional years.

Gifts of Real Estate:

Gifts can consist of almost any type of property: personal or recreational residence, farm or ranch, commercial building, subdivision lots, undeveloped property or a fractional interest in property. Assets may be given outright, serve as the corpus of a trust arrangement or, in the case of a personal residence, be given with the right of lifetime tenancy by donor and/or spouse. Immediate partial charitable deduction is available to the donor.

IRA Rollovers:

An owner of a traditional or Roth IRA who is 70 ½ years or older, may instruct their IRA manager to distribute directly to a public charity up to $100,000. This distribution will be excluded from taxable income and will count toward the mandatory withdrawal amount. The gift must be outright and cannot be rolled over to a planned gift such as a gift annuity or charitable remainder trust.

Planned Giving

Gifts of Life Insurance:

Using life insurance to make a major gift is a viable option for donors who no longer need policies purchased some years ago. Donors may choose to assign their fully paid policies irrevocably to BRRHF as the beneficiary. Donors realize an immediate tax deduction in the amount of the policy's current value.

Charitable Remainder Trusts:

Charitable trusts are particularly beneficial for those who hold highly appreciated low-yield investments from which a higher return is desired. The donor and/or beneficiary retains the income from donated assets for his/her lifetime, is eligible to take a current tax deduction for a portion of the gift, and eliminates the tax on capital gains from gifted securities or real estate.

Charitable Gift Annuity:

A charitable gift annuity provides fixed payments based upon the age of the annuitant(s). Payments to the annuitant(s) can be made annually or more frequently, or they may be deferred for payment in later years. Gift annuities may be funded with cash, securities, or real property. This method of giving also has some of the same tax saving benefits as other life income gifts described above.

Charitable Lead Trusts:

With a lead trust, an income-producing asset is placed in a trust. A fixed annual payment is negotiated at the inception of the trust and is donated to BRRHF for a predetermined period of time, after which the asset in the trust and the income it produces are returned to the donor or to the non-charitable beneficiaries the donor has named. Such trusts may allow immediate tax advantages or may reduce the gift tax when the assets are passed to children or grandchildren at the expiration of the trust.

Bequest Intentions:

All new bequest intentions received from donors aged 70 and above will be reviewed by Boca Raton Regional Hospital Foundation representatives for 100% Capital Campaign credit per our planned gift valuation policy.

To learn more about planned giving, please click here.

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