Pardee Foundation’s Annual Fund Officer Karen Yagerhofer; Pardee physician, Dr. Jennifer McAlister; and Pardee Foundation’s Executive Director Kim Hinkelman accept a check for $11,500 from Swing for Pink Event Chair, Nancy Von Holle representing the proceeds from Champion Hills annual club-wide event supporting
Women Helping Women—a program administered by the Pardee Hospital Foundation that provides financial assistance for uninsured and underinsured women in western North Carolina.
The Pardee Hospital Spiritual Care Department observed Spiritual Care Week Oct. 21-27 with the Blessing of Hands and a seminar on grief and loss. They also held a dinner to honor their staff and volunteers and introduced a new initiative called “Tea for the Soul.” The department pro-vides spiritual support to patients, families and staff throughout the hospital.
Deborah Harris, Ruth Birge, Rikki Hooper, Gus Martschink- member of the interfaith Chaplaincy Association, a community group that supports spiritual care.
Nurse managers enjoyed the inaugural “Tea for the Soul.”
Join us Friday, November 30 for our last INSIDE PARDEE for the 2018 calendar year. November’s INSIDE PARDEE will feature Dr.Gary M. Rodberg, board certified pulmonologist at Carolina Lung and Sleep at Pardee. Dr. Rodberg’s topic will be “Advanced Strategies in Lung Cancer Diagnosis.” Dr. Rodberg is a fellow of the American Academy of Sleep Medicine. His research has been published in several medical journals and he has participated in clinical research in pulmonary arterial hypertension. We are excited to hear from Dr. Rodberg at Flat Rock Cinema at noon on Friday, November 30. Call Nancy Christy at the Foundation office – (828) 233-2700 today for reservations and to place your luncheon order. Seating is limited.
Kim Kinkelman (far left), Pardee Hospital Foundation executive director accepts a $41,000 check from the representatives of the Board of Kenmure Fights Cancer. Since 2008, Kenmure Fights Cancer has raised over $338,000, through various fundraising events, for Pardee and Park Ridge Hospitals to support the fight against cancer. This donation is the largest gift ever given by the group and is dedicated to the Comprehensive Cancer Center at Pardee Hospital to acquire advanced technology for the Oncology Pharmacy.
In December 2017, a major tax reform bill was signed into law. Some of its provisions may affect you and your charitable giving to Pardee Hospital through the Pardee Hospital Foundation.
One year into the new law, here’s what you should know:
- The amount of the standard deduction has been increased greatly at $12,000 for individuals and $24,000 for couples. The total of your itemized deductions, including charitable gifts, must exceed these amounts in order to be deductible. Please check with your tax advisor to understand your personal situation.
- Appreciated assets remain great options for giving. If you give long-term appreciated assets, like stocks, you could avoid capital gains taxes, which is separate from your income tax levels. By giving stocks or other appreciated assets, you could increase your contribution’s value and deductibility compared to giving cash.
- Some limits on deductions for charitable gifts have been increased. Cash gifts equal to 60% of your AGI could be deducted now (the old limit was 50%).
- Phase-outs for itemized deductions for higher income taxpayers were repealed, expanding deductions for those at higher income levels.
- No change to the IRA Qualified Charitable Distribution (QCD). If you will be 70 ½ by December 31, you could give up to $100,000 annually from your IRA directly to charity.
With these changes to the tax laws in mind, should you consider changing your giving plans? It depends on several factors: your current giving habits, age, income source and financial needs. Some factors to consider:
“Bundling” three to five years of gifts into one year. Instead of giving $1,000 annually for three years, you could give $3,000 in 2018, but no gifts in 2019 and 2020. Bundling allows you to support the Pardee Foundation while maximizing your charitable deductions for 2018.
Charitable gifts directly from your IRA. If you do not need the additional income that you are required to withdraw, you can work you with your IRA administrator to direct funds to Pardee Foundation. These funds, known as Qualified Charitable Deductions (from your IRA) are not tax deductible but they could lower your tax liability because they are considered as part of your required minimum distribution. These funds must come from your IRA administrator directly.
These statements are not intended to be used a financial or tax advice. You are strongly encouraged to consult with your financial or tax advisor for guidance.
Your support of Pardee UNC Health Care and the Pardee Foundation is greatly appreciated. As the only locally managed non-profit hospital in the region, we depend on your gifts to help us provide treatment and comfort to the sick while bringing advanced care close to home.
If you would like more information about how to give or how to designate your gift for a specific Pardee Hospital department or program, please call our office at 233-2700.