Ways to Give
One of the biggest tax advantages in charitable giving continues to be the double benefit donors get when donating appreciated assets to Memorial Medical Center Foundation instead of cash. By giving appreciated assets (like stocks held for more than one year), you'll get a charitable tax deduction for the full value of the asset and avoid any capital gains tax that would have applied if you had sold the stock and made your gift in cash.
It is important to notify MemorialCare Long Beach of the specifics of this transaction (stock name, share quantity, gift designation) so we can credit your gift appropriately. Please contact us at (562) 972-9672 or DCalvert@memorialcare.org.
© Gift Planning Marketing. This document is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.