Gifts That Reduce Your Taxes

You can give kids and their families hope for a healthier future. What’s more, you can also enjoy tax benefits from these gifts now, or you can establish a future gift that will pass tax benefits along to your loved ones.

Gift of Cash

Cash is the simplest and quickest way to make an immediate impact for Seattle Children’s. If you want to further our work today and claim the entire amount of your gift as a charitable income tax deduction, consider a gift of cash. Make your gift online, via a check or money order, or with a wire transfer. Donate Here

Stocks and Securities

When you give appreciated stock or securities (stock, bonds, mutual funds), you may be eligible for a double tax benefit: 1) you receive an income tax deduction for the full, present, fair market value of the assets, and 2) you may completely avoid paying capital gains tax on the appreciation. This is one of the easiest, smartest gifts to give, and it can be one of the most useful in accomplishing your philanthropic goals. You can find instructions on how to make a gift of stock or securities below:

Electronic Security Transfer Instructions 

Mutual Fund Giving Instructions

 

Savings Bonds

When you redeem savings bonds, you will owe income tax on the appreciation, or the increase in value. So will the person who inherits them. You can eliminate the income tax on bonds you plan to redeem by donating them to Seattle Children’s. Because Seattle Children’s is tax-exempt, 100 percent of your gift of savings bonds will go to supporting our shared mission to care for children and find cures for pediatric illnesses.

Benefits:

  • Reduce your income tax with a current gift of savings bonds.
  • Reduce income tax and possibly estate taxes for your loved ones, while creating your lasting legacy with Seattle Children’s, with an estate gift of savings bonds.
Retirement Assets

An estate gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a lasting impact. A gift of these assets can shield you or your heirs from taxes while funding Seattle Children’s compassionate care and groundbreaking research.

Life Insurance

Transfer ownership now:

To make an impact on our mission today, irrevocably designate Seattle Children’s as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you can receive an immediate income tax deduction based on the cash value of the policy.

If your policy is not yet paid up, you will make contributions of cash to Seattle Children’s to cover future premium payments. For any continuing premium payments you make, you can receive a charitable deduction in the year you make the payment. You may also take out a new life insurance policy specifically for the benefit of Seattle Children’s through our exclusive program. Learn More

Name us as a beneficiary:

You can name Seattle Children’s as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Seattle Children’s will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time, and with this option, you may reduce your estate taxes.

This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator.

Personal Property

A gift of artwork, coins, antiques, or other personal property can be an excellent way to support Seattle Children’s. The tax benefits of the gift depend on whether Seattle Children’s can use the property in a way that is related to its mission. Contact us to learn more about this type of gift — we would be happy to help you find the option that best fits your philanthropic goals.

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