The Society of Cardiovascular Anesthesiologists (SCA) Foundation welcomes expressions of interest and financial support, regardless of size or form. For more detailed information as to the specific gift types, please contact the SCA Foundation at firstname.lastname@example.org or by phone at 414-389-8615.
At any time a pledge can be made to the SCA Foundation and your pledge paid over time. Please fill out the pledge portion of the Donation page or an SCA Foundation pledge card.
Gifts or pledge payments to the SCA Foundation can fall into two categories: Outright Gifts and Planned or Deferred Gifts.Outright Gifts
Outright gifts are those gifts that are more liquid at the time of the gift. These include cash, securities, matching gifts or gifts in kind.
Planned Or Deferred Gifts
Gifts through a will or other deferred gifts are extremely important to the long term stability of the SCA Foundation. These gifts, sometimes called planned gifts, include different options, depending upon the financial situation and goals of the donor. For any of these gifts, the SCA Foundation encourages you to consult with your tax or financial advisor to determine the most advantageous way for you to give to the SCA Foundation under current tax legislation.
Planned or deferred gifts include bequests, life insurance policies, gifts from individual retirement accounts, charitable lead trusts, gift and replacements trusts, and donor advised funds.
The most common type of outright gift is cash. Many gifts to the SCA Foundation will be in the form of cash.
Cash gifts can be in the form of cash, check or credit cards. Checks should be made payable to SCA Foundation.
When a donor is contemplating an outright gift to the SCA Foundation, the donor should consider a gift of appreciated long-term capital gain property. Such gifts are deductible at the full fair market value and the unrealized gain is not taxable to the donor or to the SCA Foundation.
Please contact the SCA Foundation at email@example.com to obtain detailed information on transferring stock to the Foundation.
For any cash or stock gift, a matching gift can be made to double the impact of the gift to the SCA Foundation.
There are simple steps in completing a matching gift.
- Make your gift to the SCA Foundation.
- Contact the Human Resources department of your company or your spouse’s company to see if they participate in a matching gift program.
- If the company participates, pick up a matching gift form. Sometimes, these are available on corporate web sites.
- Complete the company matching gift form and mail it with the gift.
The SCA Foundation will receive a gift of equal or greater value, depending upon the policy of the corporation.
Gifts In Kind (Tangible Personal Property)
It is possible to make a gift of tangible personal property to the SCA Foundation. If the use of gifted property is unrelated to the SCA Foundation’s tax-exempt purpose, or if it has been held for less than one year, the charitable deduction is limited to the donor’s cost basis rather than fair-market value. It is the donor’s responsibility to determine the value of the gift.
The simplest and most flexible planned gift is a bequest, a clause in the donor’s will naming the SCA Foundation as recipient of part or all of the estate. There are certain types of bequest gifts.
Specific bequest: A specific bequest leaves a specific amount of money or a specific asset.
Percentage bequest: A percentage bequest specifies the percentage of your estate that will go to the SCA Foundation.
Residuary bequest: A residuary bequest gives remaining assets to the SCA Foundation after providing for others.
Life Insurance Policies
It is possible to make a gift of an existing life insurance policy by transferring all rights of ownership to the SCA Foundation. This gift may yield a substantial deduction for income tax purposes. The deduction is equal to the policy’s replacement value or the donor’s basis in the policy, whichever is less. If premiums remain to be paid on the policy and the donor chooses to make those payments, a current income tax deduction is allowed for each payment.
Gifts From Individual Retirement Accounts
One of the “special”sources of cash for charitable gifts is retirement accounts. Withdrawals for persons age 59 ½ to age 70 ½ are optional, and mandatory for persons older than age 70 ½. There are no upward limits on the amount that may be withdrawn.
Thanks to the Pension Protection Act of 2006 you can direct your IRA distributions (up to $100,000 per year) to most nonprofit charitable organizations on a tax-free basis for tax year 2007, if you’re over age 70½. This will save you from paying taxes on your IRA distributions, while simultaneously giving a boost to your favorite charity.
Charitable Lead Trust
Cash, marketable securities, and (in some cases) real estate may be placed into a charitable lead trust that provides income to the SCA Foundation for a specified term of years. At the end of the term of years, the assets in the trust revert to the donor or to the individual(s) designated by the donor.
Gift And Replacement Trust
The gift or replacement trust is an excellent means for making a large outright charitable gift while at the same time increasing the value of your estate is a combination Gift and Replacement Trust.
The donor gifts an appreciated property to the SCA Foundation and, as a result, saves substantial current income taxes. The tax savings are then transferred to an irrevocable life insurance trust. The trust will be completely liquid upon the passing away of the donor and requires no payment of estate tax, thereby maximizing benefits to family members.
Donor Advised Fund
A Donor Advised Fund is a way to make a lasting legacy to the SCA Foundation. An initial gift is made to the organization and additional donations can be made to the donor’s fund. The donor can make grants to this fund when convenient and also advise on the investments, how money is granted for the Foundation, and a succession plan.
A Donor Advised Fund provides the immediate tax benefits of an irrevocable gift while affording you time to decide where your donations will go from the account.
The information presented here summarizes only some of the ways you can make a charitable gift to the SCA Foundation. It is not intended to supplant the professional services of your attorney, accountant, trust officer, or others who are qualified to deal with your individual estate planning and tax situation. Each individual’s tax situation is unique and tax laws are subject to change.
The SCA Foundation encourages you to consult with your tax or financial advisor to determine the most advantageous way for you to give to the SCA Foundation under current tax legislation.
Your charitable giving should accommodate your personal philanthropic interests and goals and your individual financial needs. We would be pleased to discuss with you the many ways your contributions to the SCA Foundation can advance the station’s mission and provide tax savings for you. Please call or write:
Society of Cardiovascular Anesthesiologists Foundation
6737 W. Washington St., Ste. 4210
Milwaukee, WI 53214
The SCA Foundation Board of Directors and/or the Executive Director of the SCA Foundation reserves the right to accept (or, in cases where absolutely necessary, decline) any commitment that is offered to them. They also reserve the right to determine how any commitment will be credited, and/or how such commitments will be recognized, in accordance with policies approved by the Board of Directors.