Cash – is the simplest way to give. Shepherd’s Cove Hospice and the Hospice of Marshall County Foundation are 501(c)3 organizations. Your gifts are tax deductible.
Securities/Stock – Gifts of long-term appreciated securities yield a two part income tax benefit. You can deduct the full present fair market value and you pay no tax on the appreciation in value.
If you want to donate securities representing a loss to you, you might consider selling them first and donating the proceeds. You will have a loss deduction to offset any gains on other sales, and you will still receive your full charitable deduction.
Your will – Perhaps you want to provide for the future of Shepherd’s Cove Hospice, but your cash flow situation doesn’t allow for a substantial gift. Keep in mind that one of the easiest ways to make a future contribution to Shepherd’s Cove Hospice is through your will. A bequest in your will lets you pass any amount you wish to Shepherd’s Cove Hospice free of estate tax. You can give cash or specific property, a dollar amount or a percentage of your estate.
Please let us know if you’re planning to include Shepherd’s Cove Hospice as a beneficiary in your will. We welcome the opportunity to talk with you about your gift to assure that you receive our recognition.
Your will is a vital document which:
- provides for your family after your death
- allows you to distribute assets according to your wishes
- saves taxes on your estate if planned properly, and
- helps you leave a legacy without giving up assets.
Gifts of Life Insurance – Your needs may have changed significantly since you obtained your life insurance policies, and perhaps you don’t need this coverage at this time. Consider this gift to Shepherd’s Cove Hospice.