In the Season of Giving – Support PIH Health - PIH Health

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Published on December 13, 2019

In the Season of Giving – Support PIH Health

Image of a heartImage of a heartFor many, the holiday season is a time to count your blessings and give back. If you’d like to make the most of your end-of-year giving, here are several tips that can help you maximize the impact of your charitable investment before 2019 ends.

Talk to your advisor

Before making any significant gift to charity, consult with your certified public accountant (CPA); attorney or other advisor, to understand its impact on your taxes and estate.

Give early and complete your gift by December 31

A gift by check is complete when mailed to PIH Health Foundation and postmarked on or before December 31, even if it’s not cashed until the following year. Gifts by credit card are complete when your credit card account is charged. Gifts of stock and real estate are more complex, so don’t wait until late December to make these gifts.

Review your stocks

Another way to make a year-end charitable donation is by giving appreciated stock. Selling stock will incur capital gains on the appreciation, but if you gift stock, you will receive a charitable deduction for the current market value of the stock—just as you would with a cash gift. Such gifts are deductible up to 30 percent of your adjusted gross income, and you can carry the deduction forward for up to an additional five years.

Make a gift directly from your IRA

If you’re receiving taxable income from retirement plan assets or life insurance policies, there are a number of tax-advantaged ways to make these assets work for you and the causes you love. The Charitable IRA Rollover Act allows donors age 70 ½ or older to donate up to $100,000 from their IRA without counting the distribution as income.

Multiply your efforts with employer gift-matching programs

Many companies offer gift-matching programs that can increase—sometimes even double— the impact of your gift. Explore this option to stretch your donation even further.

Ask how you can make a difference and help us continue to provide high-quality healthcare to the communities we serve. For more information about making a gift by December 31, visit PIHHealth.org/Donate or call 562.698.0811 Ext. 81520.

The information in Healthy Living Online is for educational purposes only.  It is not intended nor implied to be a substitute for professional medical advice.  The reader should always consult his or her healthcare provider to determine the appropriateness of the information for their own situation, or if they have any questions regarding a medical condition or treatment plan.

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