Year-End Tax-Saving Gifts

Tax reform has been signed.  As of Dec. 22, 2017, the Tax Cuts and Jobs Act has been signed into law by the president.  While the changes won’t be effective until 2018, it might be advantageous for you to look at tax-saving strategies that are still applicable for your 2017 philanthropic giving.

A tax-saving gift – either outright or deferred – may be particularly appealing if:

    • You own property that has grown substantially in value but produces only a small income.
    • You own a life insurance policy that is no longer needed for the security of your family.
    • You own a business interest.
    • You will have an unusually high income this year.
    • You want to gain a good, favorably taxed source of income for your life and/or the life of another.

A year-end charitable gift can make sense in your financial planning because it can help you support the causes you care most about while maximizing tax savings. However, there are several factors to keep in mind:

Timeliness – The date of delivery is the key to whether a gift will be tax deductible in 2017. A check is considered delivered on the date it is postmarked – even as late as December 31, 2017. Gifts of stock or mutual fund shares, which may take time to transfer, are complete when the shares reach the intended beneficiary’s account.

Type of gift property – If possible, give capital gains property that has grown in value and that you have held more than one year. Your profit escapes tax, and your deduction will be the property’s full fair market value.  If you have capital-loss stock, sell that first and donate the proceeds. Your loss can offset some of your capital gains, and you’ll get a charitable deduction as well.

Deduction ceilings – Every dollar you give to charity before the end of the year will be tax deductible. The most you can deduct for 2017 is 50% of your adjusted gross income (AGI). Gifts of securities can be deducted up to 30% of AGI. Excess deductions can be carried over and deducted in future years.

To make the most of your year-end charitable giving, always consult with your CPA, attorney or other advisor to understand the impact on your taxes and estate. For more information about planned giving and to learn how your gift to the Treasure Coast Hospice Foundation can make a difference to patients and families facing serious illness in our community, call 772.403.4500.


Schedule a Call

Please complete all fields, and we’ll get back to you.

Hospice CarePediatric CareGrief Support & CounselingDonationsVolunteeringCareersOther

A Message from Our CEO

Susan de Cuba

President and Chief Executive Officer

Few creatures inspire as much wonder as the hummingbird. Tiny, yet strong enough to migrate 500 miles across the Gulf of Mexico, this brilliant bird is the ultimate symbol of resilience. So it’s only fitting that we have incorporated a hummingbird into our new look and logo to symbolize our organization’s life-affirming mission.

Under the Treasure Coast Hospice name, we have grown our services beyond our cornerstone hospice program to include palliative care, grief support counseling and specialized pediatric care. To better reflect our expanded scope of community services, we have changed the name of our parent organization to Treasure Health, while our flagship hospice program will continue to be called Treasure Coast Hospice.

Hospice will always be the heart of our mission. The same outstanding care the community has known since 1982 will continue. The experience we’ve gained during the past 35 years translates well to other services that improve quality of life. Our full spectrum of support includes Treasure Coast Hospice, Treasure Health Palliative Care, Treasure Health Pediatric Care and Treasure Health Grief Support.

With all of our services, our goal is to empower patients and families with the knowledge and support they need to make every moment count.  Guiding our efforts is a caring community of health professionals, volunteers and donors. Like me, they believe that in all stages of illness, everyone deserves to experience the best possible quality of life.

With our comprehensive, compassionate approach to palliative care, hospice services and grief support, we are building communities that allow people to drive their own destinies for the highest quality of life in every health circumstance.

We are excited to embrace a fresh brand that helps us promote our life-affirming philosophy and look forward to having you join us as a trusted partner in supporting our community’s healthcare journey.

For more, see our spring newsletter
Get Newsletter

Five Wishes ®

“Five Wishes ®” is an easy-to-use legal document written in everyday language to help you plan how you want to be cared for in case you become seriously ill. It is America’s most popular living will.

You decide: With more than 18 million copies in circulation, “Five Wishes ®” helps you express what you want in the areas that matter the most to you: personal, spiritual, medical and legal. It helps you describe what good care means to you, whether you are seriously ill or not, so your caregiver knows exactly what you want.

Gift to your family: “Five Wishes ®” can help start and guide family conversations in advance of serious illness, so completing it is a gift to your family, friends and also your doctor. It keeps them out of the difficult position of having to guess what kinds of treatment you want or don’t want.

Meets Florida law: “Five Wishes ®” meets the legal requirements for an advance directive in Florida and 41 other states. All you need to do is check a box, circle a direction, or write a few sentences. Once it is signed and witnessed, your “Five Wishes ®” becomes a legal document.

To learn more about “Five Wishes ®”or to schedule a presentation for your group or community, please email Craig Perry  in Martin County or Tracey Kinsley in St. Lucie County.