Gifts That Reduce Your Taxes

You can improve lives, help raise families, and lift spirits with your support. What’s more, you can also enjoy tax benefits from these gifts now, or you can establish a future gift that will pass tax benefits along to your loved ones.

Gift of Cash

A donation of cash is the quickest, easiest way to make an immediate impact for Peterson Health Foundation. If you want to further our work today and claim the entire amount of your gift as a charitable income tax deduction, consider a gift of cash. Make your gift online, via a check or money order, or with a wire transfer.

Stocks & Securities

When you give appreciated stock or securities (stock, bonds, mutual funds), you may be eligible for a double tax benefit: 1) You may receive an income tax deduction for the full, present, fair market value of the assets, and 2) You may completely avoid capital gains tax on the appreciation (or increased in value) of the assets. This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. 

Savings Bonds

When you redeem savings bonds, you will owe income tax on the appreciation. So will the person who inherits them. You can eliminate the income tax on bonds you plan to redeem by donating them to Peterson Health Foundation. Because Peterson Health Foundation is tax-exempt, 100 percent of your gift of savings bonds will go to supporting our shared mission to provide the best care for our community.

Benefits:

  • Reduce your income tax with a current gift of savings bonds.
  • Reduce income tax and possibly estate taxes for your loved ones, while create your lasting legacy with Peterson Health, with an estate gift of savings bonds.
Retirement Assets

An estate gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift for the future health of Texas Hill Country. A gift of these assets can shield you or your heirs from taxes while funding Peterson Health Foundation.

Life Insurance

Transfer ownership now:

To make an impact on our mission today, irrevocably designate Peterson Health Foundation as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you can receive an immediate income tax deduction based on the policy value.

If your policy is not yet paid up, you will make contributions of cash to Peterson Health Foundation to cover future premium payments. For any continuing premium payments you make, you will receive a charitable deduction in the year of the payment.

 

Name us as a beneficiary:

You can name Peterson Health Foundation as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Peterson Health Foundation will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.

This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator.

Personal Property

A gift of artwork, coins, antiques, or other personal property can be an excellent way to support Peterson Health Foundation. The tax benefits of the gift depend on whether Peterson Health can use the property in a way that is related to its mission. Contact us to learn more about this type of gift — we would be happy to help you find the option that best fits your philanthropic goals.

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