Why Make a Gift at Year End?

In addition to the good feeling you will get, knowing you have helped others, making a gift by the end of the year benefits you in other ways as well.

LibertyHealth Foundation is a tax-exempt organization recognized by the Internal Revenue Service as a 501(c)(3) charity. This means that the IRS has determined that LibertyHealth Foundation is operated for legitimate charitable purposes. As such, contributions you make to LibertyHealth Foundation are deductible as charitable contributions on your Federal Income Tax Return. You receive the tax deduction in the year you actually pay or deliver your gift, so making a gift by this December 31 means that your contribution is deductible this year.

As an individual, if you itemize on your tax returns, you are generally able to deduct charitable contributions representing up to 50% of your adjusted gross income. For most people, that leaves a lot of room for giving! Corporations may generally deduct contributions up to 10% of their taxable income.

In these difficult economic times, everyone needs a little help come tax time. Getting a tax deduction for contributions made to LibertyHealth helps you in a concrete way, just as your gift helps our patients in a concrete way. Please consider making a year-end gift and help others today, while you help yourself at tax time!

Please feel free to call the Foundation Office at 201-377-6057 with any questions you may have about your year-end gift or about other charitable gift opportunities.

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