| Blue Ridge Regional Hospital Foundation
offers donors a variety of charitable giving options that benefit
both the donors and Blue Ridge Regional Hospital. When you make
a donation to the Foundation, 100 percent of your gift will be used
for clinical diagnostic equipment, facility improvements, indigent
care, patient services and program expenses. We hope you will consider
making a generous gift.
Cash Gifts
Blue Ridge Regional
Hospital invites its friends to help meet the challenges of the
future through gifts made payable to the Blue Ridge Regional Hospital
Foundation. Every dollar given is tax-deductible through itemized
deduction tax filing. Charitable donations are limited to 50 percent
of your adjusted gross income (AGI). However, any unused deduction
may be carried over for up to five years.
- The Effect on Your Taxes
Charitable gifts to Blue Ridge Regional Hospital Foundation are exempt from gift or estate taxes.
- The Benefit of Cash Gifts
Cash gifts provide a convenient means of charitable giving and,
in turn, provide the Foundation with immediate, accessible cash.
Pledge payment plans are available for donors who wish to make
larger gifts over an extended period.
Appreciated Securities
Significant tax benefits
are offered to individuals who choose to donate appreciated securities,
such as stocks and mutual funds. Appreciated securities transferred
to Blue Ridge Regional Hospital Foundation are tax-deductible
at fair market value (the mean of high and low sales price on
the date of the gift). Donors are not required to pay capital
gains tax on appreciated securities that have been held for more
than one year.
Real Estate
Gifts of unencumbered
real estate, held for more than one year, entitles the donor to
a federal income tax deduction equal to the fair market value
of the gift. The deduction is limited to 30 percent of your adjusted
gross income; however, any unused deduction may be carried over
for up to five years.
Charitable Lead Trusts
Often used as an estate-planning tool, a charitable lead trust enables an individual to make a current donation to Blue Ridge Regional Hospital Foundation (BRRHF) while assuring a substantially larger inheritance for his/her heirs. With this arrangement, the donor transfers assets to a trust, which then distributes income to BRRHF. Once the term, set by the donor, expires, the remainder of the asset is returned to the donor or a named beneficiary.
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