Ways to Give
In addition to providing for the needs of Augusta Health and the community, there are various ways donors can make gifts to support patient care while taking full advantage of the income and estate tax benefits allowed by law.
A personal or corporate check may be mailed to the Foundation office at: Augusta Health Foundation, PO Box 1000, Fishersville, VA 22939. You may also give online.
Many donors wish to make a gift that is simple to do, automatically payable over time and creates an impact. An automatic Bank Withdrawal (ABH) or Electronic Funds Transfer (EFT) is a great way for donors to accomplish their giving goals.
It’s easy to get started:
- Go to our simple, secure online donation form.
- Choose your monthly amount.
- Provide your contact info, payment method, and any optional details.
- Click the donate button!
Donors receive an acknowledgement from Augusta Health Foundation for their recurring gift and a tax statement at the end of the year.
Numerous companies have matching gift programs through which an employer can match a donor’s charitable gift in varying amounts. Donors are urged to obtain their employer’s matching gift forms to leverage their personal gifts.
Donor Advised Fund
Donors age 70 1⁄2 and older can make a direct transfer of up to $100,000 per year from an individual IRA to Augusta Health. The gift is credited against the required minimum distribution; it is not taxable or deductible. If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.
There are distinct tax advantages to considering gifts of appreciated securities such as stocks, bonds, and mutual funds. The donor incurs no capital gains tax on appreciated securities given for charitable purposes. The valuation of marketable securities given for charitable purposes is the mean value between the highest and lowest selling price on the date of the gift. The Stock Transfer Form has all the information you need. Please contact us with any questions at 540-332-5174.
The use of life insurance policies for charitable giving is another option when considering one’s legacy. A paid-up policy yields a charitable income tax deduction approximate to the policy’s replacement value. If premiums remain to be paid, the value of the gift is slightly in excess of the policy’s cash surrender value.
A gift of real estate or undivided partial interest that has appreciated in value can be an attractive option when considering a major charitable contribution. The services of a qualified real estate appraiser are required to determine the value of a contribution of real estate. As with other appreciated property gifts, the charitable deduction for a gift of real estate is based on the property’s current fair market value and the donor incurs no capital gains liability.