Other Ways to Give
Through your gifts to Pillars Community Health, you are benefiting the patients we serve by providing funding for the best whole-person care. Besides doing good in the community, you may also see benefits for yourself based on the types of gifts you choose to give.
Gifts Of Stock
There are tax benefits with donating stock to charity, including Pillars Community Health. By donating stock to charity, you can avoid captain gains tax and potentially lower your taxable income for the year.
Donor Advised Funds
This investment account supports the charities of your choosing whenever you choose. It offers the same tax benefits to you as gifts of stock. You can also recommend grants to the eligible charitable organizations.
Giving From Your IRA
Once you reach age 73, you are required to take required minimum distributions from your IRA. By donating to charity, you not only fulfill that requirement, but also avoid paying taxes on that money.
Your Will
By adding Pillars Community Health to your will as a beneficiary, you can designate specific assets such as stocks, bonds, retirement accounts, such as your IRA or 401k, real estate to Pillars Community Health, which can help avoid estate taxes at the time of your death.
Your Trust
There are two types of trust to consider, which are Charitable Leads Trusts and Charitable Remainder Trusts. Charitable Leads Trusts give payments to charity or charities of your choosing like Pillars Community Health for a predetermined amount of time. After that time has passed, the remaining payments go to non-charitable beneficiaries such as family. Charitable Remainder Trusts involves you transferring assets into a trust with the trust providing income to a beneficiary for a set amount of time. At the end of that time, the remainder of the trust goes to a charitable organization such as Pillars Community Health.
Life Insurance
You can choose to make Pillars Community Health the beneficiary on your life insurance policy depending on what policy you have after you die. If you are still living and have a permanent life insurance policy, you can direct your current dividends directed to Pillar Community Health, which give you a charitable contribution tax deduction. You can also choose to transfer the ownership of your policy to Pillars Community Health. If you transfer ownership and continue paying off the policy, you can take charitable tax deductions and won’t have to worry about estate taxes from the policy.
Matching Gifts
Some companies match your contributions to charity. Each organization is different and has different guidelines for what they will match and up to how much. To see if your organization offers a company match speak with your employer directly.