Be a Part of the Vision
But the clock is ticking . . .
The New Year is an open door—to a future full of opportunity and promise.
Many people choose to add even more meaning to this time of year by getting
involved. Philanthropy at Scott & White is the bedrock of many of our most
exciting innovations and patient services. Charitable contributions can be
difference-making, even life-changing—and can also generate tax benefits.
How to Give
When you consider an outright
contribution, be sure to determine the
form of giving that makes the most sense
for you. You may prefer to donate a
particular asset, perhaps one that is easier
to give than others—or one that is the
most cost-effective choice.
Timing Is Everything
The April tax deadline is just around the
corner, making this the ideal time to plan
for your 2009 tax strategy. Cash, real
estate, personal property and stocks are
among the most popular charitable gifts.
Depending on the gift, you are generally
eligible for a charitable income tax
deduction that can be as high as 30
percent to 50 percent of your adjusted
gross income. Contact a tax advisor to
discuss your giving options. And feel free
to call Scott & White at any time.
IRA Charitable Rollover
Extended Through 2009
Recent legislation extends a previous
deadline and now allows individuals age
70½ and older to make direct transfers
from their IRA of up to $100,000 per year
in 2009 to the charity or charities of their
choice—without having to recognize the
transfers as income. In addition, the
transfers will count towards the minimum
required distribution each individual over
70½ is required to take from retirement
accounts each year.
If you are interested in making
a gift or learning more about the IRA
Charitable Rollover, simply call Glen
Cosper or Neil Haney at 254-724-6277
or 800-293-4483. ■
If you are interested in making a gift or learning
more about the IRA Charitable Rollover, simply
call Glen Cosper or Neil Haney at 254-724-6277
or 800-293-4483.
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THE CATALYST Winter 09