Ways to Give
Ways to Give to the RUMC Foundation
Giving to the Richmond University Medical Center Foundation
Thank you for your interest in making a gift to Richmond University Medical Center. 100% of your donation will be applied to the department you select. You may use our convenient and secure online giving tool below or contact our offices directly at (718)-818-2103 or (718)-818-2106 to discuss your gift. Our Foundation staff is happy to work with you to ensure that your gift is meaningful to you and is used in the way you direct.
To donate to Richmond University Medical Center online, visit www.rumcsi.org/support
Estate and Planned Giving
Making a planned gift is a wonderful way to show your support and appreciation for Richmond University Medical Center and its mission while accommodating your own personal, financial, estate-planning, and philanthropic goals. With smart planning, you may actually increase the size of your estate and/or reduce the tax burden on your heirs. Just as important, you will know that you have made a meaningful contribution to Richmond University Medical Center.
We recommend that you familiarize yourself with various gift options and please contact us for assistance or to discuss your personal situation and objectives.
Giving options provide exceptional planning strategies and flexibility and may minimize tax implications.
- Reduce your income taxes
- Avoid capital-gain tax
- Increase your spendable income
- Retain payments for life
- Achieve no-cost, worry-free asset management
Types of Giving Include:
- Gifts by Will
- Gifts that pay you income
- The Charitable Lead Trust
- Gifts from Retirement Plans
- Gifts of Assets
What to Give:
The simplest way to support Richmond University Medical Center is through cash gifts. But gifts of assets can include stocks, bonds, and property (real estate and personal property such as artwork). These provide you with charitable deductions and can offer additional tax savings as well.
Giving stock can help combine your charitable giving goals with effective estate and financial planning. By giving appreciated stock to the Richmond University Medical Center Foundation, you can potentially avoid capital gain taxes that would be due as a result of its sale. This way, you can turn stock market gains into community investment to care for those in our community.
To donate stock, pass the following information to your financial advisor or broker:
- DTC 8862 Broker account 80502140
- Richmond Medical Center Foundation, Inc.
Contact: Heather Simone, Merrill Lynch (718)-494-5589
A donor advised fund (DAF) is a type of giving program administered by a third party, such as a community foundation or a financial services company, that allows you to combine tax benefits with the flexibility to support your favorite charities. It is created for the purpose of managing charitable donations on behalf of an organization, family, or individual. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals. DAFs allow donors to give cash, stock, and other assets where the donor receives an immediate tax deduction when the contribution is made but can recommend specific amounts to the charities of their choice, such as for the benefit of Richmond University Medical Center, at a later time.
Give from your IRA account- If you are 70½ years old or older, you can take advantage of a simple way to support the Richmond University Medical Center Foundation and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as the Richmond University Medical Center Foundation without having to pay income taxes on the money. Why Consider This Gift? Your gift will be put to use today, allowing you to see the difference your donation is making. You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement. It is wise to consult with your tax professional if you are contemplating making a charitable rollover gift from your IRA account.
Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to the Richmond University Medical Center Foundation. We would be pleased to discuss, in confidence, ways in which you may support the Richmond University Medical Center Foundation.
Thousands of companies and corporate foundations will match gifts to Richmond University Medical Center. You can double or even triple the value of your gift by notifying your employer of your gift. You may be eligible to submit matching gift claims from both your own and your spouse’s employer for the same gift. To inquire about a matching gift program, contact the human resources office at your employer, your spouse’s employer, or even your former employer if you are retired.