Ways to Give to St. Joseph’s Health Foundation
Gifts of Cash
Cash gifts, the most common form of giving, are as easy as writing a check. You can deduct 100% of the gift amount from your federal income tax, so your net cost is less than the face value of the contribution. These gifts can be sent by mail to the St. Joseph’s Health Foundation, 973 James St, Suite 250, Syracuse, NY 13203.
Giving online is the quickest and easiest way to donate. Whether you would like to make an immediate gift or set up a recurring gift through your credit card or an electronic funds transfer we make that simple for you. Please click here to make a gift online
Contact the St. Joseph’s Health Foundation Office and make a gift over the phone using your MasterCard, Visa, American Express or Discover credit card by calling 315-703-2137.
Matching Gift Dollars
Your gift could be doubled or even tripled. Many companies match employee, employee spouse, or retiree gifts to non-profit organizations. Ask your Human Resources Department to find out if your gift qualifies for a match.
Estate Gifts: Planning Your Legacy
An estate gift, sometimes referred to as a planned gift or deferred gift, is a term used to describe a deliberate decision to direct your resources - money, property and/or other assets - away from taxes and to a charitable institution of your choice.
Some types of planned gift vehicles may even provide you and your loved ones with additional income during your lifetime. By including St. Joseph’s Health Foundation in your retirement and estate planning, you can reduce your tax burden while supporting St. Joseph’s Health.
Bequests included in wills enable people to make significant contributions that might not be possible during their lifetime. When you make a bequest to St. Joseph’s Health Foundation, your taxable estate is reduced by a 100 percent deduction for the amount of a cash gift, or by fair market value of appreciated assets.
The official bequest language for St. Joseph’s Health Foundation is: “I, (name), of (city, state, zip), give, devise and bequeath to
St. Joseph’s Health Foundation (written amount or percentage or residual of the estate or description of property) for its unrestricted use and purpose.”
When an individual notifies us of their intent to include the Foundation in his/her estate plans, and provides us with written documentation, the donor is recognized as a member of the Foundation’s distinguished 1869 Society.
To learn more about planned giving vehicles at St. Joseph’s Health, please call the Foundation for confidential information at (315) 703-2137. There is no minimum amount for a bequest—all gifts are welcomed and appreciated.
Gifts of Appreciated Securities
Giving appreciated stocks and bonds is an excellent way to support our programs at St. Joseph’s Health. This type of gift usually qualifies not only for the income tax deduction associated with all charitable gifts, but also eliminates capital gains tax.
Gifts of Real Estate
The tax benefits of appreciated real estate gifts are identical to those of appreciated securities – an income tax charitable deduction for the full fair market value of the property and elimination of capital gains tax on your profit.
Charitable Gift Annuity
In addition to a tax deduction, this type of gift also guarantees you a fixed income for life, partially tax-free. The annuity payment you receive is determined by your age and the age of any other beneficiary you name at the time of the gift.
Charitable Remainder Trust
A "CRT" can provide you (and your spouse if appropriate) lifetime income and cash flow, a current income tax deduction, and at the same time, you avoid all capital gains and future estate taxes.
Instead of giving cash or securities to fund a gift, you may prefer to give St. Joseph’s Health Foundation ownership of your home while retaining life use for yourself. You may also want a survivor (perhaps your spouse) to be allowed to enjoy life occupancy, too. By deeding the property to St. Joseph’s Health Foundation now, based upon your life possession, you may benefit from a sizable current income tax deduction.
Life Insurance Gifts
An often-overlooked asset that can be used to fund a gift is life insurance. You can name St. Joseph’s Health Foundation as beneficiary or a percent beneficiary of a policy that is no longer needed for its original purpose or you can transfer actual ownership of the policy or buy a new policy for the benefit of the Hospital. Your gift will entitle you to an income tax deduction and future premium payments will be tax deductible.
To learn more about making a gift to St. Joseph’s Health Foundation, please call (315) 703-2137 or email Foundation@sjhsyr.org
. Contributions are tax-deductible to the extent allowed by law. All gifts are greatly appreciated.
St. Joseph’s Health Foundation is a 501(c)3 organization. Our Employer ID number is 22-2149775.