Establish a Legacy Gift 

Give Effectively—and Strategically

Different giving vehicles offer a variety of advantages, including gift, income, estate and capital gains tax benefits, which can maximize the benefits to your family and The Binyamin Medical Center.

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Donate by Mail

You can send any donations via mail to:

Binyamin Medical Center Foundation 

492-c Cedar Lane, Suite #184, Teaneck NJ 07666

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Cash or Check or Online

Gifts of cash are the most common type of contribution. Unless you derive a benefit from your contribution you can generally deduct 100 percent of your gift. Our secure site allows you to make a contribution using your credit card.

Corporate Matching

Many companies have a corporate gift matching programs through which they will supplement the charitable contributions made by their employees. Check with your company's Human Resources office to see if they offer gift matching (If they don't, ask your company to start one).

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Real Estate

If you anticipate selling your house, remember that an outright gift of your residence will entitle you to a charitable income tax deduction equal to its entire appraised or fair market value. If you do not anticipate relocating, you may find that a gift of your house with a "retained life estate" is even more attractive.

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In-Kind Gifts

In-kind gifts are non-cash gifts to the Medical Center, such as artwork, historical documents, medical equipment or property. Since the taxes for in-kind gifts vary significantly depending on the nature of the gift, please consult your tax adviser when considering such a contribution.

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Stocks & Bonds

If you already intend to sell appreciated stock, you may save money by gifting this stock to the BMC instead of contributing cash. While the gift of stock will, like a gift of cash, entitle you to a charitable income tax deduction, it will also enable you to avoid the capital gains tax you would owe if you had sold the stock yourself. If you would like to make a gift of stock to the BMC, please contact us at info@Binyaminmedicalcenter.org or 914-3685212 (global)

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Planned Giving

Planned giving options include gifts of pensions, life income trust, life insurance and

real estate. With a carefully considered gift strategy and estate planning, you may

earn an income while putting money to work for the BMC, reduce taxes now or for

your heirs and create a lasting philanthropic contribution that supports the mission

and medical excellence of the Binyamin Medical Center.

Click on the document to the right to download the form.

Deferred or Life-Income Gifts

      Gift Annuity         Charitable Remainder Trust         Charitable Lead Trust         Retained Life Estate

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IRA Charitable Rollover
If you are eligible, distributing IRA assets directly to the BMC is a way to make an impactful gift and decrease the tax burden on your family.

Click on the document below to download the form.

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Establishing ENDOWMENT FUNDS

An endowment fund is a permanent fund you establish in your own name or in the name of someone you would like to honor or remember. The enduring nature of an endowment fund is what makes it special. Through the permanent legacy you will provide a vital source of support to help meet the current and future needs of our medical center. The BMC will invest the fund in a professionally managed portfolio. Each year, we will distribute a percentage of the fund to important initiatives at the center.

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Testamentary Trust

• Bequests

A charitable bequest is one of the easiest ways to leave a lasting impact on the communities of Binyamin. You can make a bequest in your will or trust, directing a gift to the specific purpose you would like to support. You can specify a dollar value, a percentage of your estate, or the remainder of your estate. Your bequest can include cash, securities, or other property. If you already have a trust or a will, your attorney can prepare a simple amendment or codicil to provide for your bequest.

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• Life Insurance

Using life insurance to fund a charitable gift allows you to leave a substantial legacy for a relatively modest outlay. You can transfer an existing life insurance policy to the Binyamin Medical Center and receive a charitable income tax deduction. If the policy is not fully paid, you can make deductible contributions that the BMC can use to pay the premiums. If you purchase a life insurance policy and name the BMC as the beneficiary, you will continue to own and can make use of the policy during your lifetime.

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We are happy to discuss other giving vehicles such as annuities and charitable trusts.

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Family Philanthropic Fund

Designed to engage your whole family in giving and to establish a legacy of philanthropy.