SUPPORT AHS

We have made giving your financial support easy by giving you the option to donate online.

OPTIONS FOR GIFTING

Outright Gift

This is the simplest way to gift by simply writing a check. The gift qualifies for a charitable contribution as an itemized deduction. The amount of the deduction is based upon the cash amount gifted in the tax year and can reduce your income taxes by as much as 35% of the value of the gift.

To save even more you could gift shares in stock or other assets that have appreciated in value since purchase. By gifting an appreciated asset, not only do you get a tax deduction based on the market value at the time of the gift, you also eliminate the capital gain tax you would have paid if you sold the shares and gifted the proceeds. You can actually save as much as 50% of the value of the gift.

For example, say you have shares in ABC Corporation that is worth $10,000 today that cost you $1,000 to purchase. Now say you are in a marginal tax bracket of 35% for federal income tax purposes. If you gift the shares you could reduce your income tax by 35% of $10,000 or $3,500. You would also avoid the capital gain tax of 15% on the gain of $9,000 for another $1,350 in savings resulting in a total savings of $4,850. This enables your $10,000 gift to only cost $5,150 out-of-pocket.

Donor Advised Fund

This vehicle enables you to set aside a large sum up front that you gift whenever you wish sometime in the future. In a typical DAF, you would contribute a lump sum into the fund which is managed by a trustee. Under your direction and at a time of your choice, the funds are distributed to qualified charitable organizations. You would receive a current charitable donation tax deduction on market value of the assets up front when you contribute to the fund. This allows you do contribute a large amount this year to the fund and get a large deduction this year.

Trustee fees usually run around 1% per year of the assets. The fund can be funded with highly appreciated stock like the outright gift to avoid any capital gains taxes. The proceeds can then be reinvested in a diversified portfolio of mutual funds with all income sheltered from taxation and gifted over many years.

Other

Private Foundations:

Split interest vehicles: Charitable Trusts

Please contact us concerning details about these other options.