You can improve lives across Eastern Long Island with a year-end gift to East End Hospice. Certain giving methods may offer additional tax advantages for donors, including:
Donor Advised Funds
A Donor Advised Fund (DAF) is a tool that allows donors to contribute cash, securities, or other assets into an investment account for the sole purpose of making donations to charity. Donors receive an immediate tax deduction when they fund or contribute to their DAF and then use the fund to make donations over time. This can mean a larger one-time tax deduction and less record-keeping for those who itemize their deductions. East End Hospice is a qualified 501(c)3 charity. You can recommend a donation to EEH using our EIN 11-2878502.
Qualified Charitable Distribution
Individuals age 70 1/2 or older can donate up to $108,000 to charity directly from a qualified IRA account. The distribution is not reported as annual income and may be counted toward your required minimum distribution (RMD) if you are over age 73.
Gifts of Stock or Securities
EEH accepts donations of stock and securities. A gift of long-term appreciated stock qualifies for a charitable income tax deduction according to the full fair market value of the asset at the time of the donation. Donors are also able to avoid paying capital gains on the appreciated value of the asset by transferring it directly to charity, making the donation a tax-wise strategy for many donors.
To learn more about ways to support East End Hospice, please contact Emily K. Madsen, Director of Development, at 631.288.7080
*Information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.
