Tax Savvy Ways to Give

Your wealth may be held in the things you own, and donating these assets — including shares of stock, real estate properties, business interests and valuable personal items and collections — can be one of the easiest and most impactful ways you can support Children’s Hospital Colorado.

Explore the smart, tax savvy giving options below to discover how simple it is to give what you own into a lasting impact on children’s health. We are here to help work with you and your financial or legal advisors to find the best way to maximize your personal and philanthropic goals.

Stocks and Other Publicly Traded Securities

Donating appreciated securities, such as stocks, bonds and mutual funds, is a simple and tax-efficient way to give. By donating stocks that have significantly appreciated in market value, you can avoid capital gains taxes and potentially receive a tax deduction based on their current market value.

If you own mutual funds, you can also name Children’s Hospital Colorado Foundation as the beneficiary.

Donor-Advised Funds (DAF)

A donor-advised fund (DAF) is a personal charitable vehicle that donors can establish at a public charity such as a community foundation or financial institution. You can direct current grants from your donor-advised fund and also name Children’s Hospital Colorado Foundation as a beneficiary of your DAF to extend your legacy.

Retirement Plans

Gifting assets from your retirement plans (IRAs, 401(k)s, 403(b)s, etc.) is a tax-efficient way to make a charitable contribution. It’s as easy as adding Children’s Hospital Colorado Foundation as a beneficiary of your retirement plan.

Additionally, if you’re age 70½ or older, you can make a Qualified Charitable Distribution (QCD) from your IRA (up to $108,000 per person annually) to avoid paying income tax on the distribution. If you are age 73 or older, a QCD can also satisfy your Required Minimum Distribution (RMD).

Business Interests

Donating your business interests, such as shares in a closely held corporation or partnership, directly to Children’s Hospital Colorado Foundation allows you to avoid the complexities and costs of selling assets, save on taxes and make a meaningful impact. We’re here to help you explore this option and recommend consulting with your tax advisor about making this type of gift outright or using them to fund a life-income arrangement, like a charitable remainder trust.

Real Estate

Gifting real estate — such as your residence, vacation homes, rental property, ranches and farmland — can provide significant support to Children’s Colorado now or after your lifetime. If your property has appreciated in value, you can avoid capital gains taxes by donating it directly to the Foundation.

Life Insurance

Your life insurance policy can be a powerful tool for supporting Children’s Hospital Colorado Foundation. By naming the Foundation as a beneficiary, you can create a larger future gift, helping fund critical care and research for children. If your policy is no longer needed, donating it outright is another impactful way to support our patients and their families. This allows you to make a meaningful contribution while potentially benefiting from tax advantages.

Tangible Personal Property

You can donate items such as art, jewelry, antiques and other valuable personal property to support Children’s Hospital Colorado. These types of gifts can further our mission without affecting your income while also providing you with a charitable deduction for the fair market value.

Cryptocurrency

Donating cryptocurrency, such as Bitcoin or Ethereum, directly to Children’s Hospital Colorado Foundation can save you money. By directly donating crypto instead of selling it first, you can avoid paying capital gains tax and receive a tax deduction based on the fair market value of the cryptocurrency at the time of the donation.

Vehicles

Consider donating an unused vehicle! Through Vehicles for Charity, you can donate most cars, trucks, boats, airplanes, recreational vehicles or motorcycles — to Children’s Hospital Colorado. 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 Children’s Colorado. Currently, we accept donations in the Denver metro area and most areas throughout Colorado.

Assets You Own Can Make a Difference for Kids

Maximize Your Impact on Child Health
Donating appreciated assets may allow you to give more than you could with cash, and you may avoid paying capital gains tax on the appreciation.

Save on Taxes
You can receive a charitable deduction for the fair market value of the asset, potentially lowering your taxable income, and reduce estate taxes.

Simplify Estate Planning
Donating assets directly to the Children’s Hospital Colorado Foundation can simplify your estate and reduce obligations on your heirs.

Connect with Us

Please reach out with any questions. Our team is here to help provide additional information and we look forward to helping you find the best way to support Children’s Colorado.

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.

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