Tax-Wise Ways to Make a Difference

Tax-Wise Giving2021…an Especially Good Year To Give

Despite the global pandemic, market volatility and social unrest, individuals are giving significantly to support those most impacted by these unprecedented times, including those on the frontlines like the brave nurses, doctors, and clinicians at Sentara Martha Jefferson Hospital.

Here are a few ways to make a charitable gift to support Sentara Martha Jefferson Hospital in a tax-wise way.

Cash Gifts: In response to COVID-19, Congress passed the Coronavirus Aid, Relief and Economic Security Act (CARES Act), which includes favorable charitable tax incentives for donors. These changes have been extended for 2021.

Donor-Advised Funds (DAFs): Many donors who previously created Donor Advised Funds have increased the dollars granted in 2021 to further support those on the frontlines of the pandemic.

Retirement assets/Charitable IRA Rollover Gifts: Popular every year, individuals at least age 70 ½ are allowed to make direct transfers from their individual retirement accounts (IRA) up to $100,000 without having to include the transfer as income for federal tax purposes. (RMDs are required at age 72 now).

Gifts of Appreciated Securities: If you have held stocks for more than one year, you may gift shares to SMJH, avoid paying capital gains tax and possibly take a tax deduction for the current fair market value of those securities.

2021 Tax-Wise Ways To Give

Click on the link above to download information on tax-wise ways you can make a difference. 

Make a Gift Today



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Charlottesville, Virginia 22911
Phone: (434) 654-8258
Fax: (434) 654-7316




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