Gifts By Cash - Ways to Give - Glennon Magazine

For more information
on ways to leave a lasting
legacy at Cardinal Glennon
Children’s Medical Center,
please call the
Office of Development at
314.577.5605 or
800.269.0552.
You may also email us at
info@glennon.org

All inquiries will remain
confidential.

A cash gift is the simplest form of supporting Cardinal Glennon Children's Medical Center. The gift can be put to use immediately, supporting Glennon's mission of providing exceptional health care services for sick and injured children

Cash gifts are deductible up to 50% of your adjusted gross income for the tax year. Any excess is deductible over the next five years. A pledge or promissory note is not deductible until the gift is paid.

Click here to make a tax deductible gift online.

Consider Your EE or HH Bonds
EE or HH bonds often are overlooked as gifts that can be used to support Cardinal Glennon Children's Medical Center. However, these gifts cannot be made directly to Glennon without first being taxed on any accumulated income. One would have to redeem these bonds first at an appropriate national bank or at the Federal Reserve Bank. Then, the proceeds can be transferred to us, and in exchange you would receive a charitable tax deduction equal to the value of the bonds. This will help offset the income taxes due on the bonds.

Some individuals might want to consider cashing in their EE or HH bonds to establish a charitable gift annuity because of higher rates and additional tax benefits. Plus, the gift annuity guarantees income for life without the worry of having to see when the bonds mature and redeeming them.

To find out what your bond is worth, you may wish to visit the United States Department of the Treasury website, located at: http://www.savingsbonds.gov.