Some of the most common ways to make a gift to Cooley Dickinson Hospital are to write a check, make a gift using a credit card, or donate online.
A gift of cash could be right for you if:
- You want the easiest way to donate to Cooley Dickinson.
- You want the largest possible income tax charitable deduction for your gift.
- You would like to make the gift to Cooley Dickinson that has the greatest immediate impact.
How it works
You make a gift of cash directly to Cooley Dickinson and you receive an immediate income tax charitable deduction.
How Your Gift Helps
Your gifts to Cooley Dickinson Health Care help to server our patients and communities with exceptional, compassionate, and personalized care. It will provide Cooley Dickinson with the resources to…
 |
 |
 |
| be among the nation’s best community health care systems; | have a constant focus on quality and safety, never settling, always improving; | show genuine concern for our patients, families, and colleagues |
What is an outright gift of cash?
An outright gift of cash is when you transfer funds to Cooley Dickinson Hospital and get nothing of financial value in return. The most common way for donors to make an outright gift is to write a check payable to Cooley Dickinson Hospital.
Gift provides immediate support
Unlike some other gift arrangements, your outright gift will provide resources that Cooley Dickinson can put to immediate use. If you prefer to restrict our use of your gift in any way, please contact us so that we can be sure that we can carry out your wishes.
Maximum tax savings
You may deduct the full amount of your donation up to 50% of your adjusted gross income, providing tax savings if you itemize. You may carry forward all of your unused deduction for up to five additional years.
Ways to give cash
Most donors make an outright gift by writing a check payable to Cooley Dickinson Hospital and mailing it to us. You may also make a cash gift using your credit card.
Example
Brittany Tran would like to make an immediate $15,000 gift to Cooley Dickinson Hospital. Brittany could write a check for this amount and earn a charitable deduction equal to $15,000. Alternatively, Brittany could make a gift using her credit card by calling us on the phone, responding to a mailing, or by donating online through our website. Gifts of checks and gifts made via credit cards are considered cash gifts.
Benefits
- Brittany may deduct up to 50% of her adjusted gross income for her gift of cash, providing tax savings if she itemizes.
- If Brittany itemizes deductions but cannot use the entire deduction in the year of gift, she may carry the balance forward for up to five additional years.
- Assuming Brittany itemizes deductions and can use her entire income tax charitable deduction of $15,000, she will save her $5,550 (37% tax).
- Brittany will gain the satisfaction of making a $15,000 gift to Cooley Dickinson.
