Planned Giving

Make a gift of publicly-traded securities to Treasure Coast Hospice Foundation and potentially save income tax and capital gains tax, too.

A gift of publicly-traded securities could be right for you if:

  • You own publicly-traded securities that you have owned for at least one year.
  • Some of these securities have increased in value since you bought them.
  • Some of these securities may provide you with little or no income.
  • You would like to make a gift to Treasure Coast Hospice Foundation.

How it works

  • You transfer shares of one or more publicly-traded securities, such as stock, bonds, and mutual funds, to Treasure Coast Hospice.
  • The two most common ways to give publicly-traded securities are to make an outright gift of your securities or to make a gift of your securities and receive payments for life.

How Your Gift Helps

Your gifts to Treasure Health help us to partner with patients, families and the community to enable well-being through extraordinary care, specialized services and life-enhancing education. It will provide Treasure Health with the resources to…

be an inspirational community partner that allows people to drive their own destinies for the highest quality of life;
deliver a family of services including palliative care, hospice care, pediatric care and grief support;
uphold our commitment to make every moment count for our community members while providing the highest quality compassionate care.

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What are publicly-traded securities?
Publicly-traded securities are stocks, bonds, and other investment vehicles whose values are readily available from an established securities market. For example, stocks listed on the New York or NASDAQ stock exchanges are publicly-traded securities. 

Are mutual fund shares publicly-traded securities?
Although mutual funds are sold by individual mutual fund companies rather than on an exchange, the same charitable contribution rules apply to mutual fund shares as to shares of publicly-traded securities. Gifts of mutual funds have the same tax benefits as gifts of individual securities.

Tax benefits of contributing publicly-traded securities
You can save income tax and capital gains tax when you give shares of a publicly-traded security that you have owned for a year or more.

Income tax benefit
If you have held your securities for more than one year, and provided you itemize, you may deduct from your taxable income the full fair market value of your shares as of the date of your donation, regardless of what you paid for them. Your deduction is limited to 30% of your adjusted gross income. You may, however, carry forward any unused portion of your deduction for up to five additional years.

Capital gains tax benefit
When you donate publicly-traded securities that have increased in value, and you have owned the securities for more than one year, you do not have to report any of your capital gain in the securities. If you were to sell these securities yourself, you would owe capital gains tax on the difference between the sale price and the amount you paid for them.

Should I give my securities or sell them and give the proceeds?
You should give your securities directly to Treasure Coast Hospice Foundation if you have held them for more than one year and they have appreciated in value. This way, you will avoid paying tax on any capital gain you have in your securities. If you sell your securities first and then give us the proceeds, you will have to pay capital gains tax on all of your capital gain, an unnecessary and potentially substantial cost to you.

What is the advantage of giving appreciated stock instead of cash?
When you make a charitable gift of cash, you get an income tax charitable deduction only. When you make a charitable gift of the same value with appreciated stock, you get the same income tax charitable deduction and you avoid capital gains tax on all of your capital gain. The more highly appreciated your security, the more capital gains tax you will avoid.

The chart below shows how making a gift with appreciated stock can save substantially more taxes than making the same size gift with cash.  

Cash Gift vs. Stock Gift

 

Cash Gift

Stock Gift

a.   Gift Value

$10,000 

$10,000 

b.   Income tax deduction

$10,000 

$10,000 

c.   Income tax saved (at 37% rate)*

$3,700 

$3,700 

 

d.   Purchase price

   -

$1,000 

e.   Increase in value (a - d)

   -

$9,000 

f.    Tax avoided on gain (at 20% rate)

   - 

$1,800 

 

g.   Total tax savings (c + f)*

$3,700 

$5,500 

*assumes donor itemized deductions

Should I make a gift of securities that have lost value?
No! If you sell securities that have lost value, you can net that capital loss against capital gains. Even if you cannot take a deduction for loss securities this year, there is a five-year carry forward. If you want to make a gift of loss securities, sell the securities and take the capital loss. You can then donate the proceeds of your sale to Treasure Coast Hospice Foundation and use the capital loss to offset future capital gain.  

What happens if I give securities that I bought less than one year ago?
The charitable deduction available for property you have owned for 12 months or less, so-called "short-term capital gain" property, is limited to either its current full value or what you paid for it, whichever is less. For example, if you give stock worth $10,000 that you purchased nine months ago for $1,000, your charitable deduction will be $1,000, not $10,000.

When you give short term gain property, your deduction is limited to 60% of your adjusted gross income rather than the usual 30%. 

Is it easy to make a gift of publicly-traded securities?
Yes. Whether you plan to give one share or one thousand shares, it is easy to give your publicly-traded securities to us.  

Give securities and receive payments for life
Another option for giving securities is through a life income plan. Giving securities through a life income plan such as a charitable gift annuity, charitable remainder trust, or pooled income fund allows you to provide income for yourself or others you care about and then provide support to Treasure Coast Hospice. Here's how it works:

  1. You transfer securities to the life income plan.
  2. A gift of appreciated securities to a charitable gift annuity, charitable remainder trust, or pooled income fund will typically defer or in some cases completely avoid capital gain from your gift of securities.  
  3. During the term of the life income plan, you receive payments from the plan each year, typically for life.
  4. When the life income plan ends, its remaining principal goes to support Treasure Coast Hospice.

Using securities to fund a life income plan typically will reduce your income taxes, providing tax savings if you itemize, and reduce or eliminate your capital gains taxes. 

There are several life income plan options to choose from. The one that is right for you will depend on a variety of factors. Please let us know if you would like to learn more.

Example

Robert Betts would like to make a $10,000 gift to Treasure Coast Hospice Foundation. While he could write a check for this amount, he will be able to save even more in taxes by giving stock worth $10,000 instead. After reviewing his plans with his investment advisor, he decides to give shares of Poptropica Corporation worth $10,000. He paid just $​1,000 for these shares when he bought them 20 years ago.

Benefits

  • Robert will earn an immediate income tax charitable deduction of $10,000, which will save him $3,700 (37% tax), provided he itemizes.
  • Robert may deduct up to 30% of his adjusted gross income in the year of his gift, with a five year carry-forward period.
  • He will avoid tax on $9,000 of capital gain, which will save him an additional $1,800 (20% tax).
  • He will gain the satisfaction of making a $10,000 gift to Treasure Coast Hospice Foundation.

 

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A Message from Our CEO

Susan de Cuba

President and Chief Executive Officer

Few creatures inspire as much wonder as the hummingbird. Tiny, yet strong enough to migrate 500 miles across the Gulf of Mexico, this brilliant bird is the ultimate symbol of resilience. So it’s only fitting that we have incorporated a hummingbird into our new look and logo to symbolize our organization’s life-affirming mission.

Under the Treasure Coast Hospice name, we have grown our services beyond our cornerstone hospice program to include palliative care, grief support counseling and specialized pediatric care. To better reflect our expanded scope of community services, we have changed the name of our parent organization to Treasure Health, while our flagship hospice program will continue to be called Treasure Coast Hospice.

Hospice will always be the heart of our mission. The same outstanding care the community has known since 1982 will continue. The experience we’ve gained during the past 35 years translates well to other services that improve quality of life. Our full spectrum of support includes Treasure Coast Hospice, Treasure Health Palliative Care, Treasure Health Pediatric Care and Treasure Health Grief Support.

With all of our services, our goal is to empower patients and families with the knowledge and support they need to make every moment count.  Guiding our efforts is a caring community of health professionals, volunteers and donors. Like me, they believe that in all stages of illness, everyone deserves to experience the best possible quality of life.

With our comprehensive, compassionate approach to palliative care, hospice services and grief support, we are building communities that allow people to drive their own destinies for the highest quality of life in every health circumstance.

We are excited to embrace a fresh brand that helps us promote our life-affirming philosophy and look forward to having you join us as a trusted partner in supporting our community’s healthcare journey.

For more, see our spring newsletter
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Five Wishes ®

“Five Wishes ®” is an easy-to-use legal document written in everyday language to help you plan how you want to be cared for in case you become seriously ill. It is America’s most popular living will.

You decide: With more than 18 million copies in circulation, “Five Wishes ®” helps you express what you want in the areas that matter the most to you: personal, spiritual, medical and legal. It helps you describe what good care means to you, whether you are seriously ill or not, so your caregiver knows exactly what you want.

Gift to your family: “Five Wishes ®” can help start and guide family conversations in advance of serious illness, so completing it is a gift to your family, friends and also your doctor. It keeps them out of the difficult position of having to guess what kinds of treatment you want or don’t want.

Meets Florida law: “Five Wishes ®” meets the legal requirements for an advance directive in Florida and 41 other states. All you need to do is check a box, circle a direction, or write a few sentences. Once it is signed and witnessed, your “Five Wishes ®” becomes a legal document.

To learn more about “Five Wishes ®”or to schedule a presentation for your group or community, please email Craig Perry  in Martin County or Tracey Kinsley in St. Lucie County.