Types of Gifts Accepted

Contributions may be made in several forms, including:

Cash or Check

Perhaps the simplest way to contribute, cash gifts are tax-deductible as provided by law.

Stocks & Bonds

Appreciated stocks and bonds are, next to cash, the most popular assets presented to New London Hospital. Making a gift of securities is simple and tax effective.

You are entitled to a federal income tax charitable deduction if you itemize your deductions on your tax return. For appreciated securities held longer than one year, you can deduct the full fair market value. You can use your deduction up to 30% of your adjusted gross income. Any unused deduction can be taken in up to five succeeding years. With a gift of appreciated securities, you pay no tax on capital gain.

Ask your banker or broker to contact the Development Office for transfer instructions.

Tangible Property

Assets of tangible personal property such as art, jewelry, antiques and books can be contributed as provided by law.

Real Estate

With a gift of real estate, such as a vacation home or primary residence, the donor enjoys a tax deduction for the current fair market value of the property and avoids capital gains. A donor may also choose to retain the right of the use of the presented property.

Estate Planning/Bequests

There are a variety of planned gift opportunities available in support of New London Hospital:

  • Gifts of Stocks and Bonds
  • Gift Annuities
  • Charitable Remainder Trusts
  • Charitable Lead Trusts
  • Bequests (gifts by will or codicil)
  • Life Insurance

New London Hospital adheres to the American Council on Gift Annuities (ACGA) Model Standards of Practice. Current rates for gift annuities can be found at www.acga-web.org.

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