Tax efficient ways to give

Consider a non-cash gift of appreciated assets to support the programs you care about the most

You can minimize your tax liability by making a charitable planned gift

When you're planning to support favorite charities like your local Bon Secours Foundation or Mercy Health Foundation, you may want to consider giving non-cash assets instead of writing a check. Donating appreciated investments like stocks, mutual funds or real estate can help you avoid income and capital gains taxes. You will have the same impact on quality health care and life-improving services for people in your community AND save money by minimizing your tax liability.

Donating appreciated assets is a smart, tax-efficient way to give to our Foundation.

• Donate appreciated stocks, bonds, and mutual funds owned more than one year
• Get an immediate charitable income tax deduction
• Possibly avoid capital gains taxes

Our team is happy to help you consider various ways to give that benefit you the most.

Need to meet your Required Minimum Distribution?

Make a Qualified Charitable Distribution to the Foundation

If you still need to take a Required Minimum Distribution (RMD) from your IRA for this year, a Qualified Charitable Distribution (QCD) to your local Foundation has several benefits:

• Satisfy your Required Minimum Distribution (RMD) obligation with a QCD (up to $105,000 in 2024)
• Avoid income taxes on your RMD
• Potentially reduce taxes owed on Social Security, as well as lower Medicare premiums
• Under 73? Recommend a QCD for your parents’ charitable giving

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Estate tax exemption laws are changing on January 1, 2026

Are you prepared? Charitable gift planning may help.

Big changes to current record-high estate and gift tax exemptions are slated, unless Congress takes action. High net worth families could be significantly impacted when exemptions are cut in half. If you or a loved one has an estate valued near $7 million or more, now is the time to discuss how a charitable gifting plan could offset the impact of lower estate tax exemption levels.

For many baby boomers, it’s a perfect storm. Retirement accounts and real estate investments have grown, pushing their estate values over the upcoming exemption levels. Strategic gift planning now for your beneficiaries and charitable causes can greatly offset federal estate tax consequences.

If your estate may be affected by the changes, contact us to discuss ways that charitable gift planning can help reduce the value of your estate.

• Set up or contribute to a Donor Advised Fund
• Increase bequests and charitable gifts from the taxable portion of your estate
• Beneficiary designations on IRAs, stock accounts, bank accounts
• Use a Charitable Remainder Trust to maximize the amount going to heirs

For more information and help with finding your best way to give to the programs and services you care about the most, contact our gift planning expert, Brad Blandin. You can reach him at (419) 251-1803 or bblandin@bsmhealth.org.

 

donor | Bon Secours Mercy Health Foundation

Meet Art Collins

Art and his wife believe in giving back. They want their community to have the best health care. So they made a planned gift to the Foundation by using a Qualified Charitable Distribution from Art's IRA.