Page 19 - SilverLinings Issue 5

The Annual Fund
for Silver Hill Hospital
Many have given – in so many ways. And you can too!
Ways to give:
CASH, CHECK, CREDIT CARD OR WIRE
Donations can be made by check, credit card or ACH/wire transfer.
DONOR-ADVISED FUND (DAF)
A donor-advised fund established at a public charity is similar to a charitable investment account. Donors contribute cash, publicly traded stock and in some cases liquid assets to create a DAF and then receive an immediate tax deduction for their contribution. Once the DAF is established, the donor can recommend grants to favorite charities, including Silver Hill Hospital (SHH).
INDIVIDUAL RETIREMENT ACCOUNT (IRA) ROLLOVER
For donors who are at least age 701⁄2, the rollover of the required minimum distribution from an IRA to SHH decreases their taxable income - you do not pay taxes on the portion of your IRA withdrawal you give to SHH. Known as a qualified charitable distribution (QCD), the maximum amount an individual donor can give annually is $100,000.
STOCKS
Donations of publicly traded securities are a common, tax-wise method of making charitable gifts. Securities that are highly appreciated offer the most capital gains tax savings.
Please direct grants and gifts from DAFs and IRAs to Silver Hill Hospital Federal Tax ID #06-0655139. For stock instructions or to receive additional information about making a gift, please contact the Advancement Office at 203-801-3161.
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The particulars contained herein are for informational purposes only and are not intended to provide legal or tax advice. Please consult your legal or financial advisor for applicability to your own situation.
On behalf of the many who have benefited from Silver Hill Hospital, we thank you for
your support.