Pledges are stretched out over the course of several months or years and establish a schedule for making donations. St. Mary's Medical Center benefits by knowing it has a solid, predictable base of support.
Gifts of appreciated securities are entitled to the elimination of the long-term capital gains tax and a deduction equal to the fair market value of the securities. Because of tax considerations, it is usually more beneficial to contribute appreciated securities directly to St. Mary's Medical Center rather than selling them and giving the proceeds.
Real estate that has increased in value enjoys similar tax advantages as appreciated securities. Benefits to the donor include a full fair market value charitable deduction, up to thirty (30) percent of adjusted gross income, with a five-year carry-over provision and no capital gains tax on the property appreciation. Gifts of real estate will be credited at their appraised value at the time the gift is made. St. Mary's Medical Center reserves the right to either accept or reject any offer of real estate.
Naming St. Mary's Medical Center as the irrevocable beneficiary and owner of a life insurance policy provides the donor with some immediate and long-range income and estate tax benefits. Donors are encouraged to consult IRS rules, their tax advisor, and St. Mary's Medical Center.