During the holidays, do you often struggle to find the perfect gift for loved ones? This season, consider a gift that will honor them. If you know someone who values the meaningful work we do at Sun Health, consider making a donation in his or her honor. These tribute gifts are also a great way to remember loved ones who are no longer with us.
How to Make a Tribute Gift Donation
There are three easy ways to donate a tribute gift, none of which requires a trip to the mall:
Make a gift today
An outright gift can help fund our immediate needs or an upcoming project. The financial benefits include an income tax charitable deduction when you itemize deductions on your federal income tax return, and the possible elimination of capital gains tax.
Make a gift through your estate plan
Include a gift in your will or living trust, stating that a specific asset, certain dollar amount or percentage of your estate will pass to us after your lifetime in honor of your loved one.
Make a gift that lives on forever
Honorary endowments can be made now or through your estate plan. Endowments are structured so that a small portion of your gift, rather than the whole amount, is used each year to fund a particular purpose. To perpetuate the fund forever, the majority of the fund always remains intact and is invested for the future.
To learn how you can extend the impact of a gift to our organization well beyond the holiday season, call 623-832-5323 or email me at [email protected].
An example of a tribute gift
When Sarah’s father passed away, she knew she wanted to do something that would establish a lasting legacy for him.
She remembered that during his lifetime he was always praising Sun Health Foundation for its tireless efforts to better his community. So Sarah decided to make a gift to Sun Health Foundation in her father’s name using appreciated securities.
Not only will her father’s legacy live on at Sun Health Foundation thanks to the gift and a commemorative plaque, but Sarah also received a federal income tax charitable deduction and eliminated capital gains tax on the securities.
