Ways to give to the BCH Foundation this season

Planned charitable giving is a great way to leave a legacy at the BCH Foundation. There are a variety of ways to give that provide both personal and tax benefits. The following examples of giving methods allow donors to transfer a designated portion of their assets to a charitable organization during their lifetimes or as part of their long-term estate plans. With your financial advisor, you can determine your personal plan based on the philanthropic legacy you wish to leave. As you consider year-end giving to BCH Foundation, here are four common ways to give that you might want to keep in mind:

1. Gifts of stock: Stock gifts are a smart, tax-wise way to give to the BCH Foundation. By donating long-term appreciated stock directly to the charity, the donor avoids the recognition of capital gain resulting from the sale of the stock. The BCH Foundation can provide complete instructions for you to transfer stock.
2. Gifts via your IRA: If you are 70 ½ or older*, you can make a charitable contribution via a Qualified Charitable Distribution to the BCH Foundation via your IRA without paying any income taxes on the distribution. The transfer generates neither taxable income nor a tax deduction. Every individual can use the IRA charitable rollover for up to $100,000; i.e. you and your spouse/partner. You can transfer up to $100,000 per year. You must direct your IRA administrator to transfer funds from your IRA directly to BCHF as a 501c3 charitable organization. To obtain a letter for your administrator to request a transfer, please contact the BCH Foundation at any time.
3. Donor-advised funds: If you have a donor-advised fund (DAF), it's so easy to set up a new grant, make it a recurring grant, or grant again. The funds in the DAF are being charged a fee and could be put to good use within BCH, it's just up to you to move them!
4. Giving through your estate: Making a planned gift to the BCH Foundation in your will or estate plan is a great way to ensure the BCH Foundation can meet the health care challenges of tomorrow for our community. Bequests are the most common way to make a gift through your estate plan. You can provide for BCH with a gift of a specific dollar amount, property, percentage of your estate or what is left after providing for your loved ones. You may also indicate a specific program BCH offers as the beneficiary of your generosity. Another common way to make a planned gift is to name the BCH Foundation as the beneficiary of a life insurance policy. You might also name the Foundation as a beneficiary of your retirement account (IRA, Keough, 401(k)) or pension fund.

As we approach the end of 2023, we encourage you to reach out to BCH Foundation staff to ask questions about any of these methods of giving.

Established in 1978, the Boulder Community Health (BCH) Foundation is a 501(c)(3) charitable organization. The Foundation exists to inspire giving in support of BCH to enhance the quality and availability of health care in our community.

In 2023, the Foundation updated our funding framework to align with BCH’s strategic priorities by highlighting three core areas that help make up an equitable health system—our Community, our Patients, and our Workforce.

Our Community: We believe everyone should have a fair and just opportunity to reach their full health potential, both physically and mentally.

Our Patients: We believe providing the community with the highest value in health care requires an innovative, patient-centered environment.

Our Workforce: We believe it’s imperative to invest in the professional growth and physical and mental health of BCH’s greatest asset—the staff and physicians providing care to the community.

*Always check with your IRA administrator as changes in tax law may affect the age at which you must take your required minimum distribution (RMD).