GIFT PLANNING
Season of Giving In this season of giving we are taking time to reflect on the health, hope, and healing provided to all patients and communities served by Atrium Health with the support of our donors. With immense gratitude for your past support, we ask that you keep Atrium Health Foundation in mind as the year comes to a close. Whether you are giving today or planning to leave a legacy with your future investment in Atrium Health Foundation, we want to share a few ways you can benefit from charitable giving to our organization this year, including extended and updated benefits associated with the 2020 CARES Act.
DONOR ADVISED FUND – REMINDER Year-end is a great time to make distributions from your account in support of Atrium Health.
CASH GIFTS – EXTENDED Individuals can continue to deduct $300 ($600 for married couples filing jointly) in charitable gifts from gross income. However, this above-the-line deduction applies only to cash donations to public charities, like Atrium Health Foundation.
Atrium Health supporters can deduct cash gifts up to 100% of their adjusted gross income in 2021.
IRA – RMD
GIFTS FROM IRA – UPDATED If over 72, you must take your required minimum distribution (RMD) in 2021 (this was waived in 2020). Supporters over the age of 70 ½ can still make qualified charitable distributions to Atrium Health Foundation; this satisfies RMD and is a cost-effective way to give.
Corporations can continue to deduct outright charitable gifts up to 25% of income rather than the previous 10% limit.
MOMENTUM
•
FA L L 2 0 2 1
|
A T R I U M H E A LT H F O U N D A T I O N
25% INCOME
CORPORATE GIFTS – EXTENDED
32
100% AGI
100% CHARITABLE DEDUCTION – EXTENDED
