St. Vincent Charity Medical Center

Special Ways to Give

Consider making a gift from your IRA or investment portfolio.

IRA Charitable Distribution

If you are 70½ or older and have an IRA, there is an annual required minimum distribution (RMD). That RMD is taxable income. So if you do not have a need for some or all of this income and want to reduce or eliminate the income tax you will owe on the RMD, you can direct your IRA administrator to transfer funds to us as a charitable gift to satisfy part or all of your RMD.

Charitable distributions are especially useful since standard deduction amounts increased significantly in 2018. If you no longer benefit from itemizing deductions, a charitable distribution can be an effective way to reduce the amount of your income subject to tax.

Gift of Appreciated Securities

A donation of stocks or bonds owned for more than one year is typically deductible for the fair market value of the securities on the day of transfer. By donating the securities instead of selling them, you avoid capital gains tax. As a tax-exempt organization, we can sell the securities without incurring any tax liability.

For information about how to make a gift of securities, contact Mark Cotleur, senior vice president of fund development, at 216-696-8401 or giving@stvincentcharity.com.

Other special gifts

Gifts of other items

Depending on your situation, gifts of closely held stock, real estate, fine art or other items of value may be advantageous for you and us. To maximize the benefits to you and us, gift agreements can be structured as deferred, temporary or contingent.

If you are interested in making this kind of gift, please contact Mark Cotleur, senior vice president of fund development, at 216-696-8401 or giving@stvincentcharity.com.

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