The simplest way to support Children’s Hospital Colorado is through cash gifts. But creative gifts of assets can include stocks, bonds, and property (real estate and personal property such as artwork).
These gifts provide you with charitable deductions and can offer additional tax savings as well. Start your investment with a gift of assets.
Ways to give assets
Smart gift planning combines charitable intent with cost-efficient planning techniques.
How it works:
- Send unendorsed stock certificates by registered mail or instruct your broker to make the transfer from your account to our account
- You receive an income-tax deduction
- Proceeds from your securities benefit Children’s Colorado
- You may receive a federal income-tax deduction for the full fair-market value of the securities
- You avoid long-term capital-gain tax on any appreciation in the value of the stock
- Your gift will support Children’s Colorado as you designate
Gifts of business interests, such as shares in a closely held corporation or shares in an investment partnership, can be beneficial for both Children’s Colorado and you. Gifts are usually made outright, while in some cases they may be used to fund a life-income arrangement such as a charitable remainder unitrust. Moreover, some individuals choose to include charities, such as Children’s Colorado, in their business model.
Individuals who are entrepreneurs, members of a family business or investors may find business-interest gifts of particular interest. Due to the diversity of business structures, we suggest that you contact our team to further discuss gift opportunities. Often, early discussions about your philanthropic interests related to business transactions provides the greatest tax advantage.
Special note: Please contact our team to learn more, and consult with your tax advisor about potential benefits to your company and you.
A donor-advised fund, or DAF, is a personal charitable vehicle that donors can establish at a public charity such as a community foundation or financial institution. A DAF allows donors to make a charitable contribution, receive an immediate income tax deduction, and recommend grants from the fund over time to qualified nonprofits, such as Children’s Hospital Colorado Foundation.
Tip: Currently, donors can recommend grants to Children’s Hospital Colorado Foundation from Fidelity® Charitable, Schwab® Charitable, and Greater Kansas City Community Foundation through the link below. More sponsoring charities may be added in the future, so please check back if your fund isn’t currently listed. Please contact us if you have questions or need assistance.
Donating cryptocurrency directly to a nonprofit can save you money. When donating cryptocurrency, you may be eligible to receive a tax deduction for the fair market value of the crypto, and avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. Consult your tax advisor for advice specific to your situation.
Did you know that your life insurance policy could support the work taking place at Children’s Colorado? By naming Children’s Hospital Colorado Foundation as the beneficiary of your life insurance policy, you can amplify your future gift. Through a relatively small annual cost (the premium), a benefit far in excess of what would otherwise be possible can be provided for charity.
Consider naming Children’s Hospital Colorado Foundation as your primary or contingent beneficiary of your life insurance policy.
Special note: This can be particularly beneficial when the insurance is used to fund a supplemental retirement benefit and the death benefit is of little importance to the insured.
From farmland and ranches to vacation residences and rental properties, a gift of real estate can unlock the full value of your property and offer special economic advantages. If you own property that has appreciated in value, a charitable gift to Children’s Hospital Colorado Foundation may be an attractive proposition. By giving a gift of real estate, you create a legacy that lasts well beyond your lifetime and help foster healthier futures for children.
Unless you sell the property, your options for receiving current financial benefits from the real estate are usually limited to increasing your debt or renting the property to someone else. Real property can also be a nuisance for estate planning because it is rarely practical to transfer a single property to more than one heir. The result is a choice between leaving inequitable benefits for heirs or placing the burden—and costs—of selling the property onto your executor and estate. Property located in different states may be subject to additional probate and transfer costs.
Tip: If you have listed Children’s Hospital Colorado Foundation in your estate plan, please let us know so we may recognize you and tell you more about the impact your future gift will make for the children we treat.
Your retirement-plan benefits are very likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift. Retirement-plan benefits include assets held in individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans.
Gifts from retirement plans during life
How it works:
- You take a distribution from your qualified retirement plan or IRA that is includable in your gross income
- You make a gift of the distribution or of other assets equal in value to the distribution
- You receive an offsetting charitable deduction
- If you are 70½ or older, there is an IRA rollover opportunity available to you
- You may draw on perhaps your largest source of assets, with no adverse tax consequences, to support the programs that are important to you at Children’s Colorado
- The distribution offsets your minimum required distribution
- If you use appreciated securities instead of cash from your distribution to make your gift, you’ll avoid the capital-gain tax on the appreciation
Gifts from retirement plans at death
- No federal income tax is due on the funds that pass to Children’s Hospital Colorado Foundation
- No federal estate tax on the funds
- You make a significant gift for the programs you support at Children’s Colorado
Publicly traded securities are great assets to give.
- They are easily valued without an appraisal and easy to transfer
- Donating appreciated securities before they are sold typically results in a tax advantage
A tax deduction is normally allowed based on the market value at the time of the gift. Since the deduction is based on current value, rather than cost, no tax is paid on the appreciation.
In order to properly receipt and acknowledge you for your donation, please make sure to contact us with your intentions before the transfer.
Children’s Hospital Colorado Foundation Stock Transfer Details
DTC # 0164 Code 40
Children’s Hospital Colorado Foundation Account # 2308-2848
- You receive a federal income-tax deduction for the fair-market value if the gift’s use is related to Children’s Hospital Colorado Foundation’s charitable purposes
- You avoid capital-gain tax on long-term related-use property (capital-gain tax on tangible personal property is 28%)
- You provide significant support for Children’s Colorado without affecting your income
How it works:
- You can donate most vehicles to benefit Children’s Colorado including cars, trucks, boats, airplanes, motorcycles and recreational vehicles
- Your vehicle donation will be either sold at auction or sent to an auto recycler and a portion of the proceeds of the sale will go to the Children’s Colorado
Currently, we accept donations in the Denver metro area and most areas throughout the state. Contact Vehicles for Charity for more information. Learn more about the tax benefits from donating a vehicle.
Information provided is general and educational in nature and should not be construed as legal, accounting, or tax advice. Every taxpayer’s situation is different. Rules and regulations regarding tax deductions for charitable giving vary, and laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy or completeness of the information provided. Please consult an attorney or tax advisor regarding your specific legal or tax situation prior to taking any action based on this information.