Home Development Ways to Give

Ways to Give

• Cash, checks, credit cards
• Non-cash gifts
• Closely held stock
• IRA charitable rollover
• A broad range of new opportunities for seniors
• Other assets
• Matching gifts
• Bequests

Contribute

Enter the dollar amount below.       SHM Impact Fund SHM Research Fund

Find out if your company has a matching gift policy here

Cash, checks, credit cards

Gifts of cash are among the most valuable forms of support for SHM. Because they are immediately available (and are often unrestricted), they give the Society the flexibility to meet our most pressing needs.
To make a credit card gift, you can give online or use our secure server or call 267-702-2629 to provide your credit card information over the phone.

Cash gifts made by check should be payable to SHM, and mailed with your contribution form (pdf format) to:
Society of Hospital Medicine
Office of Development
P.O. Box 822898
Philadelphia, PA  19182-2898
Phone: 267-702-2640
E-mail: giving@hospitalmedicine.org

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Non-cash gifts

Note: IRA charitable rollover provision resurrected through 12.31.2009!

Although cash is the most common form of gifts to SHM, there are many other options for making a contribution, including the new IRA Charitable Rollover Provision.

Securities and mutual funds

Giving appreciated securities or mutual funds is a fast and easy way to make a gift to SHM. Gifts of stock can be directed to any area of the Society, and can help you — diversify your assets, and minimize capital gains taxes.

It is almost always a better strategy to give appreciated securities directly to the Society, rather than selling them and donating the proceeds of the sale. In fact, many donors find that the tax benefits associated with giving appreciated securities to SHM actually allow them to increase the size of their gift. If you own securities that have lost value, you however, can sell the stock, take the capital loss deduction, and then make a gift to SHM.

A planned gift of appreciated securities, such as a charitable gift annuity, can provide you with a lifelong income stream that exceeds what you would otherwise have received in dividends.

Here are instructions for giving appreciated securities:

Here are instructions for giving appreciated securities if your stock certificates are held by a bank or a broker.
View the Society of Hospital Medicine Stock Gift Transfer Instructions.

It is important that you notify SHM in advance of making a gift of securities. Without such notice, gifts of stock may be transferred to SHM with the identity of the donor unknown, making proper credit and timely acknowledgement extremely difficult.

Questions about gifts of stock or mutual funds can be directed to:

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Closely held stock

Don't believe the conventional wisdom: you can make a charitable gift of closely held shares of stock in your own company, and receive the same tax benefits as if those shares had been publicly traded.

You must secure a qualified appraisal of stock in order to receive this deduction. SHM can sell the shares back to the company, either for a lump sum or a promissory note, on the condition that there has been no prearrangement with the company.

Questions about closely held stock gifts can be directed to:

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IRA charitable rollover

Tax Relief Act of 2008 allows charitable IRA distributions ... but only through 12.31.2009.

On October 3, 2008, President Bush signed into law an important provision that offers incentives for those 70½ and older to make tax-free distributions directly to SHM from their Individual Retirement Accounts (IRAs).

The Tax Extender Relief Act of 2008, which extends the Pension Protection Act of 2006 (PPA 2006), allows individuals to make distributions of up to $100,000 from their traditional, rollover, or Roth IRAs without those distributions counting as gross income. Prior to PPA 2006, a donor would have had to report the $100,000 withdrawal as income, and then declare an offsetting income tax deduction for the charitable contribution.

The IRA Charitable Rollover provision has a shelf life, however: It is effective only through December 31, 2009.

Nuts and bolts of the provision:

Donors must be at least 70½ years of age at the time of the transfer; the funds must pass directly from the IRA custodian to the qualifying charity (i.e., a withdrawal followed by a contribution would still need to be reported as income); contributions are limited to $100,000 per tax year; and the charity must be a tax-exempt organization to which deductible contributions can be made.

SHM is a qualifying 501(c)(3) institution. Our tax identification number is 23-3057353.

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New opportunities for a broad range of seniors

Tax experts anticipate that the window of opportunity will most appeal to qualified donors who:

• have well-funded IRAs and more than enough financial assets to live on or to pass on to their heirs; or
• need to take minimum distributions from their IRAs anyway—distributions that would normally be taxed; or
• don't itemize their deductions; or
• for whom this provision could lower their AMT; or
• have income levels that cause the phase-out of their exemptions; or
• live in states with no charitable deduction; or
• already contribute at their 50 percent deduction limit; or for whom additional income would cause more of their Social Security distributions to be taxed.

Provision only in effect through Dec. 31, 2009

Congress has specified only a finite period of time in which to make contributions to SHM from Individual Retirement Accounts. The new rules expire on January 1, 2010; thus, anyone who is 70½ now (or will be before January 1, 2010) and who meets the other qualifications, can make a $100,000 charitable gift to SHM for each of the 2008 and 2009 tax years.

Caveats

• Contributions may not be directed to donor-advised funds or supporting organizations.
• Contributions may not be used to fund charitable gift annuities or charitable remainder trusts.
• The law applies only to traditional, rollover, and Roth IRAs—not to other types of plans like 401(k)s, 457s, 403(b)s, etc.
• There is no federal income tax deduction available for such gifts in addition to their income exclusion benefits.
• Before you reach any decisions about using the IRA rollover provision to make a gift to SHM, please consult your attorney, accountant, or other financial advisor to be certain that you are, in fact, eligible to take advantage of this important change in the law.

For more information, please contact:

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Other assets

You can significantly benefit SHM and at the same time reduce your taxes by giving assets other than cash and stock.

Retirement assets

When retirement assets—those held in qualified retirement plans or in individual retirement accounts (IRAs)—pass to heirs, they can lose up to 85% of their value to estate, gift, and income taxes. If you designate them to SHM, they are not taxed and their full value supports the purpose you choose. Thus, giving retirement assets magnifies your impact without costing your heirs.
For taxpayers over age 70½, the IRA Charitable Rollover provision allows tax-free distributions directly to charity from traditional or Roth IRAs in 2008 and 2009.

Real estate

By giving real estate, you can avoid the capital gains taxes and brokers' fees often associated with selling these assets. You may give real estate outright to SHM, or use it to establish a gift that pays you income.
Such contributions may consist of a full or partial interest in almost any kind of property, including—

• residence,
• vacation home,
• farm,
• ranch,
• condominium,
• cooperative apartment, or
• commercial property.
• Personal property

Gifts of personal property are a creative way to earn a tax deduction while helping SHM. You can give equipment, rare books, or any other kind of property that the Society can use in its educational mission. We would be happy to consult with you about gifts of personal property.
Questions about each of these types of gifts of other assets can be directed to:

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Matching gifts

Many companies offer employees a matching gift benefit that doubles the contribution to SHM. Matching gifts make a critical difference to the SHM Nucleus Fund.  When making your gift to SHM, check first to see if your employer has a corporate matching gift program.

The process for submitting a matching gift claim differs from company to company. Some require a completed paper form, others have an online system, still others request that claims be filed by telephone. In any case, if your company does provide a matching gift claim form, please complete it and send it to:

Society of Hospital Medicine
Office of Development
PO Box 822898
Philadelphia, PA 19182-2898

Some companies require signed originals, but others may accept faxed forms—please check with your employer to be sure before you fax over your claim form.

Fax: 267-702-2630

Please remember—matching gifts count toward donor recognition levels. As long as the match amount is received by June 30, you will receive the additional SHM Nucleus Fund credit for that fiscal year.
If you have questions, feel free to contact:

Find out if your company has a matching gift policy here

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Bequests

You can leave a legacy to SHM by bequest, trust, or retirement plan. These gifts help reduce your taxable estate while allowing you to retain full control of your assets during your lifetime.

Staff members in our gift planning office are eager to help you and your legal advisors craft bequest language to ensure that your objectives are met. For assistance, or to further explore the benefits of making a charitable bequest, please contact :

SHM Office of Development
Todd Von Deak
267-702-2640
giving@hospitalmedicine.org

For more information click here

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Sample bequest language

Unrestricted bequests

I give to the Society of Hospital Medicine ("SHM"), a corporation organized under the laws of Pennsylvania and situated in Philadelphia, Pennsylvania, ($__________).

Bequests for general purpose endowment

I give to the Society of Hospital Medicine ("SHM"), a corporation organized under the laws of Pennsylvania and situated in Philadelphia, Pennsylvania, ($_________). The principal of this gift shall be held and may be commingled with other funds of SHM for investment. The income may be used by SHM for its general educational and charitable purposes.

Bequests for endowment for special purposes

I give to the Society of Hospital Medicine ("SHM"), a corporation organized under the laws of Pennsylvania and situated in Philadelphia, Pennsylvania, ($__________) to establish the _______________ Fund. The principal of this gift shall be held and may be commingled with other funds of SHM for investment. The income available for expenditure shall be used to [provide scholarships; augment salaries; support research in_____________________, etc.].

If SHM determines in its absolute discretion that it is not practicable to use for a designated special purpose (1) part or all of the income and/or principal of expendable funds, or (2) part or all of the income of endowment funds, then such part or all of the income or principal, as the case may be, may be used for the general educational and charitable purposes of SHM.

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