Name Nyack Hospital in your will or revocable living trust (designate a specific amount, a percentage or a share of the residue).
• gift exempt from federal estate tax
• control of asset for your lifetime
Outright Gift of Cash
Make a quick and easy gift.
Simply write a check.
• immediate income tax deduction
• removes property from estate
Outright Gift of Securities
Avoid tax on capital gains.
Contribute long-term appreciated stock or other securities.
• immediate charitable deduction of full fair market value
• avoidance of capital gains tax
Charitable Gift Annuity
Supplement income with steady payments that are partially tax-free. Share your enjoyment of a collection or other personal item.
Enter a charitable gift annuity contract with Nyack Hospital that pays a set amount for one or two lives.
• current and future savings on income taxes
• fixed payments of life
Gift of Life Insurance
Make a large gift with little cost to yourself.
Contribute a life insurance policy you no longer need.
• current income tax deduction
• possible future deductions through gifts to pay policy premiums
Bequest of Retirement Assets
Avoid the twofold taxation on IRAs or other employee benefit plans.
Name Nyack Hospital as the beneficiary of the remainder of the assets after your lifetime.
• make the gift from the most highly taxed assets, leaving more for family
• avoids income and estate tax
Gift of IRA Distributions
Take advantage of the limited gift opportunity available through 2007.
Transfer up to $100,000 per year in 2006 and 2007 from your IRA to an eligible organization (excluding donor advised funds and supporting organizations).
• available only to donors aged 70 ½ or older
• avoids income and estate taxes; no charitable deduction
Gift of Real Estate
Make a gift of an asset no longer needed and generate an income tax deduction.
Donate the property to Nyack Hospital, or sell it to us at a bargain price.
• immediate income tax deduction
• reduction or elimination of capital gains tax
Gift of Retained Life Estate
Give your personal residence, vacation home or farm now but continue to live there.
Deed ownership of your home to Nyack Hospital but retain occupancy.
• valuable charitable income tax deduction
• lifetime use of residence
Charitable Remainder Unitrust
Create a hedge against inflation over the long term and supplement your retirement income.
Create a trust that pays a fixed percentage of trust’s assets as revalued annually.
• variable income for life
• immediate income tax charitable deduction
Charitable Remainder Annuity Trust
Secure a fixed income and supplement your retirement funds.
Create a charitable trust that pays you a set income annually.
• fixed payments for life, often at a higher rate of return
• immediate income tax deduction
Gift of Personal Property
Share your enjoyment of a collection or other personal item.
Donate tangible personal property used for our tax-exempt function.
• charitable deduction based on the full fair market value
Planned Giving