"We are here to add what we can to, not get what we can from Life." William Osler, M.D.
Leaving a legacy for future generations is one of life's most fulfilling acts. When you extend your generosity to Baptist Health South Florida, you ensure that your gift will enrich the community for generations to come.
In these challenging economic times, many people want to make charitable gifts but need to do so in a way that helps meet their other personal, family, or financial needs. Planned gifts are a variety of charitable giving methods that allow you to express your personal values by integrating your charitable, family and financial goals.
- Careful Planning
- With careful gift planning and a good financial advisor, you can prepare your will and/or other estate plans so that the people you want to include in your plans - family and special friends - can benefit according to your wishes, while supporting Baptist Health Foundation at the same time.
Please use our planned giving calculator to give you an estimate of the potential benefit you might derive from your gift.
- Contact Us
- Our team of financial and philanthropic professionals can help you arrange a variety of plans to meet your objectives. For more information please contact Christopher M. Kraus, vice president and gift planning officer, at 786-596-6776.
Here are some creative ways you can stretch your charitable dollars:
Charitable Gift Annuities or Charitable Remainder Trust
Charitable gift annuities or charitable remainder trusts allow you to receive lifetime income when donating to the Foundation. You can transfer cash or securities now and receive an immediate income tax deduction and a guaranteed lifetime income. This income can be paid to you and/or a loved one for life, or a specified length of time, after which the assets would be distributed to Baptist Health Foundation to benefit the organization’s hospitals.
Gifts of Appreciated Securities or Stock
Gifts of appreciated securities or stock also can ease your tax burden. If you have owned stock for more than one year, donating it to Baptist Health Foundation offers you a two-fold tax savings. First, you avoid any capital gains tax on its increased value. Second, you receive a tax deduction for the full fair market value on the date of the gift, up to 30 percent of your adjusted gross income, with an additional five-year carry forward. If you own securities that have decreased in value, consider selling those securities and making a charitable gift of all or a portion of the cash proceeds. This results in a charitable deduction as well as a loss for tax purposes.
Gift of Life Insurance
You can contribute a life insurance policy by either naming Baptist Health Foundation as the owner of the policy or simply as the beneficiary. If you name the Foundation as owner and beneficiary, in most cases you will be entitled to an income tax deduction limited to the lower of the fair market value of the policy or your cost basis in the contract. In addition, if you continue to pay premiums on a policy that the Foundation owns, you can deduct the premium payments.
Retained Life Estate
The sale of a residence, vacation home, farm, vacant lot or other real estate holding that has appreciated in value through the years would mean a sizable capital gains tax. By making a gift of this property to Baptist Health Foundation, you avoid the tax and, at the same time, realize a charitable deduction for the full fair market value of the real estate. It is also possible to make a gift of your property to the Foundation so that you and your spouse can continue to use it for your lifetimes — and still receive an immediate income tax deduction for a portion of its fair market value.
Lead Trust
If you have an asset your heirs don't need and you want to protect it from transfer taxes, consider a lead trust, which initially holds the principal amount in trust for your heirs and can continue to earn tax-free interest. Meanwhile, it will pay the Foundation an income stream for the period of time you select. Afterward, your loved ones receive the assets in the trust and pay greatly reduced estate taxes – or none at all.
Bequest
A gift from your estate via a will or other estate planning vehicles can only be made if you plan ahead. Consider a bequest to the Foundation in honor or memory of someone special. Rather than deplete the inheritance of your heirs, the gift can come only from that portion of your estate that would otherwise have gone to taxes.
For more information please contact Christopher M. Kraus, vice president and gift planning officer, at 786-596-6535.
Corporate Partners
The Corporate Partners program is a cooperative effort of community leaders and businesses dedicated to helping Baptist Health South Florida provide personalized healthcare with the latest medical technology and finest staff. By offering an annual consolidated request for support, the program eliminates multiple requests for sponsorship of the many events organized by our hospitals.
Your company can partner with the Baptist Health South Florida Foundation on five different contribution levels. Each level provides you recognition on a Donor Recognition Wall and in Foundation publications, a variety of health and educational seminars and screenings, and sponsorship and benefactor tables at a variety of prestigious hospital events. Through your generous contributions, Baptist Health can continue to improve medical services in our community.
For more information, contact Natalia Sol, director of corporate philanthropy & special events, at 786-596-6777 or e-mail natalias@baptisthealth.net.