Palo Pinto Area Foundation

Watch for Palo Pinto Area Foundation fundraiser in 2011.
Details coming soon!!!

Every donor and donation makes a difference. We appreciate and value your investment in our health care community.

Richard Ball
President
Palo Pinto Area Foundation

Palo Pinto Area Foundation Gift Ideas The Palo Pinto Area Foundation is a 501c3 organization, as chartered in 1969. Our sole purpose is to financially support the Hospital Administration, Board of Directors and Palo Pinto County Hospital District, in the health care needs of the surrounding community and Palo Pinto County. As you consider your year-end tax planning, we hope you will consider making good use of the income tax charitable deduction. Your 2010 year-end gift can significantly reduce your income taxes, while providing meaningful support for us. No matter what your income, if you itemize, you can almost always lower your income taxes through charitable giving. The amount of the income tax savings will depend on your tax bracket. Consider making more charitable gifts in those years when you have the most income, and are in the top federal income tax brackets. If such is the case for 2010, you may wish to consider accelerating future charitable gifts into this year. Giving is, of course, much more than tax brackets and charitable deductions. Your charitable gifts make an important difference in what we are able to accomplish at Palo Pinto General Hospital. Here are some of the best 2010 year-end gift ideas. GIFTS OF CASH If you itemize, you can lower your 2010 income taxes by simply writing us a check by December 31st. There is no easier way to garner a 2010 year-end charitable deduction! Gifts of cash are fully deductible up to a maximum of 50% of your adjusted gross income. For example, if your adjusted gross income for 2010 is $50,000, up to $25,000 of charitable gifts may be deducted in 2010. GIFTS OF STOCK If you own stock, it is almost always more tax-wise to contribute stock than cash. This is because a gift of appreciated stock generally offers a two-fold tax saving. First, you avoid paying any capital gains tax on the increase in value of the stock. Second, you receive an income tax charitable deduction for the full fair market value of the stock at the time of the gift. Make sure you have owned the stock for a long-term period of time (this generally means that you have held the stock for more than one year) to qualify for these significant tax advantages. Your gift of stock should be postmarked by December 31st. A stock broker or trust officer can arrange for a year-end gift of stock from your account. GIFTS OF REAL ESTATE A residence, vacation home, farm, acreage, or vacant lot may have so appreciated in value through the years that its sale would mean a sizeable capital gains tax. By making a year-end gift of this property instead, you would avoid the capital gains tax, and, at the same time, receive a charitable deduction for the full fair market value of the property. GIFTS OF LIFE INSURANCE If you own a life insurance policy that is no longer needed, consider it as the perfect vehicle for a 2010 year-end charitable gift! To receive a charitable deduction, name Palo Pinto General Hospital as both the owner and beneficiary of the policy. If the policy has a cash value, you can take a charitable deduction approximately equal to the cash value at the time of the gift. BEQUESTS While you're considering your 2010 income tax savings, this may also be a good time to consider long-term tax savings. The federal estate tax can still take approximately 40% to 50% of one's estate at the time of death. That's a higher tax bite than the income tax! It definitely pays to do some advance planning with your attorney and other professional advisors. We hope you will consider a charitable bequest in your will to benefit Palo Pinto General Hospital while you save estate tax dollars at the same time. TREE OF LIFE (PPGH) There is still yet another means to give and that is through the Area Foundation Tree of Life. This beautiful display is located on a wall as you enter the front entrance of the hospital. The tree is designed with different color leaves with acorns and stones. The stones represent a donation of $50,000 plus. Brass leaves represent $5,000 to $9,999, silver leaves represent $10,000 to $14,999, gold leaves represent $15,000 to $24,999 and acorns represent $25,000 to $49,999. You're not only leaving your contributions to ensure quality healthcare for your family and children, but your grandchildren and even great-grandchildren in future generations. For more information, please call Diane Brown, Director of Volunteer Services & Foundation, at (940) 328-6419 or by e-mail at dbrown@ppgh.com.
Donation to Foundation Harris Brooks (CEO), Virginia Upham, Richard Ball (Foundation President)	Donation to Foundation Jimmy & Shirley Seay present donation to Richard Ball, Foundation President