Outright Gift of Cash or Securities
Other Planning Giving options to consider are outright cash gifts or outright gifts of publicly-traded securities.
Outright Cash Gifts
A cash gift to Fletcher Allen is a simple, quick, and inexpensive way to support Fletcher Allen. No written agreements are necessary, if the funds are unrestricted, and the funds will be added to Fletcher Allen’s general operating funds and applied at the discretion of the CEO to meet the greatest needs of Fletcher Allen.You are generally entitled to an immediate income tax charitable deduction for the year of the gift, subject to certain limitations.
Outright Gifts of Publicly-Traded Securities
You may donate publicly-traded securities to Fletcher Allen. By giving highly appreciated securities to Fletcher Allen, you are not subject to capital gains tax on the appreciated value and are generally entitled to an immediate income tax charitable deduction for the year of the gift. Since Fletcher Allen is a charitable organization, it may sell the securities and realize the increased value of those securities above your cost in the form of the appreciation, without having to pay capital gains tax on that appreciation. If the fair market value of the securities is less than your basis in the stock for tax purposes (generally, the price you paid for the stock), from an income tax perspective it may be more beneficial for you to sell the stock before giving the proceeds to Fletcher Allen.
Any charitable gift may have significant income, gift and estate tax consequences. You should consult with your financial, tax, and legal advisors. For any questions, please contact the Fletcher Allen Health Care foundation by phone at 802-847-2887 or email@example.com.