Giving Back Magazine November 2018 | Page 94

Finance C an charitable gift planning help you lower your income taxes this year? Yes! There are numerous ways you can make the move from tax dollars to charitable giving, become a philanthropist and support the mission of Sharp HealthCare Foundation. An IRA Charitable Rollover is a great option for a person ago 70 ½ or older. They can rollover up to $100,000 from their IRA to a qualified charity like Sharp HealthCare Foundation, reducing your income and taxes. A donation of Appreciated Stock can help you with offsetting some of your stock market gains with a donation of appreciated securities to a Sharp Groundbreaking ABOVE AND BEYOND The Tax Benefits of Charitable Planning qualified charity like Sharp HealthCare Foundation. A Gift of an Asset allows you to make a gift of stock, real estate or another asset. You will avoid paying capital gains tax and receive a charitable deduction. Investing in a Charitable Gift Annuity is a way to protect yourself from economic highs and lows. Lifetime payments are fixed at a rate that will never change and you will receive a charitable deduction, with a portion of your payments potentially tax-free. Outright Gifts to Sharp HealthCare Foundation are 100% tax deductible, so making a gift at the end of the year also qualifies for a charitable tax deduction. 94 GBSAN.COM | NOVEMBER 2018 Regardless of your charitable goals, end of year giving is a valuable way to support a cause important to you. Charitable giving is personal. Leaving a legacy is powerful. The impact of philanthropy for a new next- generation hospital in San Diego’s South Bay is limitless. Join Sharp HealthCare Foundation, as we go above and beyond in building a next- generation hospital at Sharp Chula Vista Medical Center. Because caring for the health of our community is the greatest gift of all. To learn more about giving to Sharp Chula Vista Medical Center, visit www.sharp.com/chulavistaexpansion or contact Sarah Cantu at (619) 502-4369.