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Some of the most common ways to make a gift to Ascension Sacred Heart Foundation are to write a check, make a gift using a credit card, or donate online.

A gift of cash could be right for you if:

You want the easiest way to donate to Ascension Sacred Heart.
You want the largest possible income tax charitable deduction for your gift.
You would like to make the gift to Ascension Sacred Heart that has the greatest immediate impact.

How It Works

You make a gift of cash directly to Ascension Sacred Heart and you receive an immediate income tax charitable deduction.

How Your Gift Helps

Your gifts to Ascension Sacred Heart help us open our doors to all. It will provide Ascension Sacred Heart with the resources to…

bring quality, compassionate care to the people and communities of Northwest Florida;

provide people with the best healthcare services and innovative programs they might not have access to otherwise;

welcome all through the doors of hospitals and healthcare facilities, regardless of their ability to pay.

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What is an outright gift of cash?

An outright gift of cash is when you transfer funds to Ascension Sacred Heart Foundation and get nothing of financial value in return. The most common way for donors to make an outright gift is to write a check payable to Ascension Sacred Heart Foundation.

Gift provides immediate support

Unlike some other gift arrangements, your outright gift will provide resources that Ascension Sacred Heart can put to immediate use. If you prefer to restrict our use of your gift in any way, please contact us so that we can be sure that we can carry out your wishes.

Maximum tax savings

You may deduct the full amount of your donation up to 50% of your adjusted gross income, providing tax savings if you itemize. You may carry forward all of your unused deduction for up to five additional years.

Ways to give cash

Most donors make an outright gift by writing a check payable to Ascension Sacred Heart Foundation and mailing it to us. You may also make a cash gift using your credit card.

Example

Lynn Kennedy would like to make an immediate $15,000 gift to Ascension Sacred Heart Foundation. Lynn could write a check for this amount and earn a charitable deduction equal to $15,000. Alternatively, Lynn could make a gift using her credit card by calling us on the phone, responding to a mailing, or by donating online through our website. Gifts of checks and gifts made via credit cards are considered cash gifts.

Benefits

Lynn may deduct up to 50% of her adjusted gross income for her gift of cash, providing tax savings if she itemizes.
If Lynn itemizes deductions but cannot use the entire deduction in the year of gift, she may carry the balance forward for up to five additional years.
Assuming Lynn itemizes deductions and can use her entire income tax charitable deduction of $15,000, she will save her $5,550 (37% tax).
Lynn will gain the satisfaction of making a $15,000 gift to Ascension Sacred Heart.

Methods of Giving Through Founder's Society

Bequests

In order to include Ascension Sacred Heart in your will, you need to discuss the necessary changes with your attorney. At that time, please specify your bequest, either a specific amount or a percentage of your estate, and clearly describe which Ascension Sacred Heart service area, if any, you want to support with your gift. We hope that you will let us know we’ve been included in your will, as we would very much like to thank you for this generosity. Recognition of your support can be an inspiration for others to leave their own legacy gifts to the ministry. However, rest assured that we will respect your wishes if you desire to remain anonymous and are most grateful for your special generosity.

Life Insurance

If you have a whole life insurance policy that you no longer need, please consider donating it to Ascension Sacred Heart Foundation, naming us as both owner and beneficiary of the policy. This will greatly reduce your taxable estate, while making it possible for Ascension Sacred Heart to benefit substantially from your generous contribution. An alternate life insurance contribution is your purchase of a completely new policy that designates the Foundation as owner and beneficiary. Please contact us before purchasing a new policy. Premiums you pay on the policy may qualify for an income tax deduction.

When Gifts Count

No matter the gift, please know that your donation matters and affects real lives.

We find that donors sometimes have questions about the timing of contributions to ensure they receive a charitable tax deduction in a particular year. Put simply, your gift is credited on the date it is delivered to Ascension Sacred Heart Foundation; or, in the case of a stock donation, the day it is received in our account. If the end of the year is approaching, and you would like your contribution to be credited to the current year, the timing of your gift is particularly important. Per IRS guidelines, all donations must be postmarked by December 31 of the current year to qualify as a charitable contribution for that year. Get in touch with our Foundation team to see how your planned gift can make a difference.

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