This thoughtful method of giving can be created as simply as adding a paragraph to a will. If you have remembered Blue Ridge Hospice in your Will or Revocable Living Trust, or are planning to, please let us know, we’d like to thank you now.
Stocks and Securities
Donations of appreciated stocks and securities are generally tax-deductible, both the stock’s original purchase cost as well as any “paper gain.” You may also be entitled to capital gains relief. If you own investments that are worth less than they originally cost, consider selling and making a charitable gift of the proceeds. This will result in a “financial loss” that you may be able to deduct from other taxable income.
At the time of death, qualified retirement plan assets may be subjected to both estate and deferred income tax, which combined can use up most of the funds. You can designate Blue Ridge Hospice as a tax-free beneficiary of the remainder of your IRA, tax-sheltered annuity, qualified pension or profit-sharing plan.
All gifts are tax-deductible to the extent allowed by law.