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FOUNDATION

Many Ways to Give

Many tax-deductible methods are available for making contributions to the SwedishAmerican Foundation.

Annual or Immediate Cash Gifts

In many cases, the most popular and straightforward type of gift is cash. These gifts have an immediate, long-lasting impact on SwedishAmerican's endeavors to meet the health needs of the Rockford community, and entitle the donor to a federal income tax deduction equal to the full amount of the gift, up to 50 percent of his or her adjusted gross income.

Annual or Immediate Gifts of Appreciated Stock or Property

Gifts of stock or property can be a wiser donation than cash for some donors, who earn a deduction for the full monetary value while removing only the asset's annual interest or earnings from their income stream. Gifts of appreciated real property earn a deduction up to 30 percent of the donor's adjusted gross income. The deduction for a gift in excess of 30 or 50 percent may be carried over and used in succeeding years (up to five additional years) until it is fully deducted.

Estate Gifts

These gifts, in which donors make major, impact-level gifts to the foundation as part of their eventual estate, consist of cash, real or personal property, stocks or bonds, or a percentage of their eventual estate. All gifts made to charitable institutions at death will reduce the size of the taxable estate, which may be of importance in lowering federal estate taxes, depending on the size of the total estate.

Gifts of Insurance

Two methods exist which allow donors to use insurance to benefit the future of SwedishAmerican. If they choose, donors may make the SwedishAmerican Foundation beneficiary and/or owner of an existing life insurance policy. A tax deduction, equal to the surrender value of the policy, is given for gifts of ownership of such a policy. Donors may also choose to take out a new policy, naming the SwedishAmerican Foundation as the owner of the policy, in which case the donor receives a tax deduction equal to the premiums paid.

Planned Giving

Planned giving consists of charitable remainder gifts, often referred to as life income gifts. These take a number of different forms. Three of the most popular gift vehicles include Charitable Remainder Annuity Trusts, Charitable Remainder Unitrusts and Charitable Gift Annuities.

In addition to allowing a donor to make a major impact gift to SwedishAmerican at some point in the future, charitable remainder gifts provide the donor with an immediate, partial-value charitable income tax deduction, reducing the size of the taxable estate, and provide the donor with an income stream of five or more percent annually until time of death. Charitable remainder gift agreements may be written to continue income streams through one, two, or more lives. There are also many creative uses of these gifts. If you would like information concerning how a life income gift can benefit you specifically, feel free to call (815) 961-2496, or send an e-mail message to: lwilkinson@swedishamerican.org.

Contact Us
SwedishAmerican Health System
1401 East State Street
Rockford, IL 61104
(815) 968-4400
patientfeedback@swedishamerican.org

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