Estate Donations Are Welcome

How do I know which donations are tax-deductible?The following types of donations would qualify you for a tax deduction:

  • Cash Donations
  • Shares or Stock Donations
  • Trusts
  • Land and Building Donations

Over the past six years, several private donors have given us a considerable amount of donations , such as stock options from family funds and trusts management accounts. These funds have been very important to maintaining the sustainability of our project.

Other forms of donations that are welcome include gifts of shares listed on the stock exchange or any other exchange or units in unit trusts that are ready to trade.

The date of donation is the date on which legal title is transferred to the approved non-profit. Donation of options and shares with restriction on holding periods are also allowed.

Estate donations will help The Roberto Clemente Clinic buy additional equipment, improve facilities and environment and help conduct research to further benefit those who rely on us.

This extra support no only ensures our sustainabilty, but also allows us to grow improve and to continue to empower communities and people in need. Our ability to consistenly offer unique comprehensive service and facilities is enhanced by the generosity of donors.

Estate Planning and your Donations

Making a planned gift to The Roberto Clemente Clinic is a wonderful way to carry on your concern and compassion for Children around the world. In addition, this type of gift may help you reduce or eliminate certain tax liabilities.

We will gladly discuss any planned giving option – in confidence and without obligation.

Bequests

Making a bequest in your will is probably the most straightforward planned giving option. A will is essential, regardless of your age or financial status, to ensure that your property is distributed according to your wishes. The federal estate tax can still take approximately 40- 50% of one’s estate at the time of death. Thus, it definitely pays to do some advance planning with your attorney or other professional advisor. We hope you will consider a charitable bequest in your will, to benefit the Roberto Clemente Clinic while you simultaneously save estate tax dollars.

  • Specific Bequest: directs a specific dollar amount or property to pass to The Roberto Clemente Santa Ana Health Clinic Inc.
  • Percentage Bequest: designates a percentage of the total value of the estate as a gift to us.
  • Residual Bequest: directs that the Roberto Clemente Health Clinic received a remainder of the estate or a portion of the remainder, after all expenses and other bequests have been made.  A bequest to us is not subject to federal or estate taxes, and there is no limit on the amount of the deduction

Naming the Roberto Clemente Health Clinic as a Beneficiary

Do you have a life insurance policy that is no longer needed to provide for dependents? then why no consider making us the beneficiary. This is an opportunity gives you the possibility to make a significant gift to THE ROBERTO CLEMENTE CLINIC without using any of your estates capital. Furthermore, an additional option is to make THE ROBERTO CLEMENTE CLINIC both the beneficiary and owner of a paid up policy. This earns you an immediate tax deduction equal to the policy’s cash value. For further details, please contact your policy’s issuing agent.

Another easily planned giving option is to buy a Certificate of Deposit (CD) at your local bank and name THE ROBERTO CLEMENTE CLINIC as the beneficiary, payable-on-death. The CD can remain on deposit earning interest until the holder’s death; at this point THE ROBERTO CLEMENTE CLINIC will receive its value. It is important that the CD automatically roll-over and maintains the beneficiary designation.
Charitable Remainder Trusts

A Charitable Remainder Trust can be a very good option for anyone who owns appreciated assets (i.e. a rental property) and want to receive income for life. A donor can transfer their assets to the trust, where they are sold, avoiding capital gains tax. Then, the proceeds are invested; the donor or other beneficiary receives payments for a set term or for life. At the end of the trust’s life, the remaining principle is a gift to THE ROBERTO CLEMENTE CLINIC.

For further details on a Charitable Remainder Trust consult your attorney or other professional advisor.
Charitable Lead Trusts

A Charitable Lead Trust is the opposite of the Charitable Remainder Trust. In this case the donor agrees to give an asset to THE ROBERTO CLEMENTE CLINIC for a set number of years. A Charitable Lead Trust can be set up during your lifetime or through your estate plans. While the trust will not provide you with an immediate income tax deduction, you can exclude the trust’s income from your own income, thereby reducing your taxes. A Charitable Lead Trust may suit donors who exceeded the annual limits on income tax deduction for charitable gifts.

For further details on a Charitable Lead Trust, please consult your attorney or other professional advisor.

Gifts of Property/Real Estate

Gifts of appreciated property can be given to THE ROBERTO CLEMENTE CLINIC through a donor’s will or living trust. A donor would receive an estate tax charitable deduction for the full value of the property. To substantiate an income tax deduction, a qualified appraisal (obtained no earlier than 60 days before you make the gift) is required.

If you have any questions or need further information please contact:

For more informations, contact:

Julia Guth, Chair of the Board at 410-223-2630
jguth@nicaclinic.org

or her assistant:

Lorena Cernadas at (410) 369-0512
lcernadas@nicaclinic.org