Year-End Giving Options

A Gift in December Could Mean a Tax Break in April!

With 2017 rapidly coming to a close now is the time to make a difference in the health of Texans and you might receive a tax break for yourself.

Year-end gifts offer donors benefits to the full extent permitted by law such as: 

  • A deduction on your federal income tax return if you itemize deductions.
  • Eliminate capital gains tax.
  • Increase your spendable income by decreasing your tax bill.

Here are three popular year-end giving options for donors:

Gift to the Annual Fund. Gifts to the Annual Fund impact the health of persons in your community, and indeed, all across Texas. That’s because your gift, combined with that of thousands of others, funds a variety of health improvement, science, education and quality of care initiatives that create a “Healthy Now” and a “Healthy Future.”

Gift of Appreciated Stock. A gift of appreciated stock generally offers a two-fold tax advantage: you avoid paying capital gains tax on the increased value of the stock and you receive an income tax deduction for the full fair market value of the stock at the time of the gift if you have held the stock for more than one year.

Holiday Tribute Gifts. Your year-end donation to TMAF can be made in honor or in memory of someone special. Holiday Tributes are a unique way to say thanks to a friend, colleague or family member. The foundation will send your designee a special holiday card letting them know of your thoughtful gift in their honor.

Don’t miss out on this opportunity to support the award-winning initiatives that are creating a Healthy Now and a Healthy Future for all Texans. Be sure your gift is postmarked by Dec. 31 (note that the date falls on a Sunday this year) or make your gift online by midnight that day to ensure that your gift is eligible for year-end tax benefits.

If you have any questions about making a gift to support the foundation before the end of 2017, contact Marilyn Anderson at (800) 880-1300, ext. 1466 or at Marilyn.anderson@texmed.org. We look forward to helping you. 

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. 


Last Updated On

December 13, 2017