Ways You Can Give
There are many ways to give, with varying tax and income benefits associated
Perhaps the simplest way of giving to Jersey City Medical Center is by
an outright gift of cash. Cash gifts are fully deductible for tax purposes
up to 50% of your adjusted gross income. If the gift amount exceeds fifty
percent of your adjusted gross income, the excess contribution may be
carried over for up to five additional years until the full value is deducted.You
can write a check to LibertyHealth Foundation and send it to:
242 Barrow Street
(Entrance at 44 Bright Street)
Jersey City, NJ 07302
Or you can call the Foundation Office at 201-377-6057 and charge the gift
to your credit card.
You can plan a gift for future generations by including a bequest to LibertyHealth
in your will. There are a number of ways to make a charitable bequest,
such as giving a specific dollar amount, a percentage of your estate,
or a residual gift (what is left after other beneficiaries have received
their bequests). An attorney who specializes in estate planning can help
structure a bequest to meet your specific wishes.
Selling your home or other property that you have owned for some time can
result in substantial capital gains tax to you. Donating property to LibertyHealth
is a way to avoid the capital gains tax and to give you a charitable tax
deduction for the market value of the property.
A gift of appreciated stock offers potential tax savings to you in a number
of ways. You can avoid capital gains tax, receive a tax deduction for
the market value of the stock, and reduce the value of your taxable estate
by the amount of the gift. The specific value of the gift and its tax
consequences are determined by the date of the transfer of the stock.
If you are considering a gift of securities, you should discuss the logistics
of the transfer with your financial advisor.
Other ways of giving
There are other options for planned giving, such as gifts of life insurance,
and charitable trusts. Depending on the type of gift and how it is structured,
you can receive a tax deduction and possibly ongoing income.