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Legacy Society: 
A Gift of Caring

Wall of Recognition remembers the past, inspires the future

A Gift to Share . . . 
the perfect way to honor a loved one!

 


Securities

You transfer securities to Central Washington Hospital Foundation.  The Foundation sells your securities and uses the proceeds for its programs. 

Benefits
You receive a gift credit and an immediate income tax deduction on the securities you donate. 
You can direct your gift to a specific fund or purpose.
You can have the satisfaction of making a significant gift now or funding a life-income gift that benefits Central Washington Hospital later.

Real Estate

Gifts of real estate frequently save you thousands of dollars in income or estate taxes. Gifts of real estate can secure a charitable income tax deduction for you, based on the fair market value of the property, with no capital gains liability for the transfer.  We will gratefully review your gift possibility, and evaluate the conditon and marketability of the property.  This will help us determine the suitability of the gift.

What is a gift of real estate?
If the property is a long-term asset (held for over one year), you receive a charitable income tax deduction based on the appraised value.  You may apply the deduction for up to 30 percent of your adjusted gross income and carry it forward for up to five additional years.  Furthermore, you are freed from paying real estate taxes, maintanence costs, insurance and capital gains taxes on the property's appreciation.  You also avoid capital gains taxes on the transfer and remove the asset from your taxable estate.

What if I'm still using my real estate?
You can irrevocably deed a resident (home, cabin or farm) to us but reserve the right to use it during your lifetime.  This arrangement creates an immediate income tax deduction and a federal estate tax deduction.