Charitable Giving to Neurology and Neurosurgery at Johns Hopkins

Gifts for Current Program Support and Endowment

Gifts to the Departments of Neurology and Neurosurgery can be made in many ways, for a range of purposes:

• Contributions may be made for general support, or designated to a specific purpose.
• Opportunities to invest in the research program include support of faculty, research personnel, laboratory space and equipment.
• Through the establishment of endowments, donors provide a steady stream of dedicated funds in perpetuity.

Ways to Make A Gift

Charitable gifts reward donors in many ways. There is the satisfaction of supporting an important cause, the excitement of seeing your gift lead to positive change, and - in many cases - tangible financial benefits to you and/or another beneficiary, through tax advantages and the retention of lifetime income from the donated asset. A summary of ways to give is provided here.

We welcome the opportunity to answer any questions you might have. To locate a member of the development office staff, please click here.

Make a Gift Now through our secure site.

• Click here if you wish to make a contribution to the Department of Neurology.
• Click here if you wish to make a contribution to the Department of Neurosurgery.

Gifts of Cash and Pledges
Many gifts to the Johns Hopkins Neurology and Neurosurgery are in the form of cash. Cash gifts are deductible for federal income tax purposes up to a limit of 50 percent of your adjusted gross income if you itemize deductions.

Cash gifts may be pledged over a period of years. To be officially recorded, pledges should be made either in writing through a signed memorandum of understanding, gift agreement, letter or pledge card.

Gifts of Stocks and Bonds
Many donors make outright gifts and pledges in the form of appreciated securities, rather than cash, in order to benefit from additional tax advantages.

If you itemize, you are entitled to a charitable income-tax deduction for the full value of your gift, provided you have owned the securities for more than 12 months.

You avoid paying a tax on capital gains which you would owe if you sold the securities. Gifts of securities are deductible for federal tax purposes up to a limit of 30 percent of your adjusted gross income.

Gifts of Closely Held Stock
If you own stock in a closely held corporation, you can use such stock to make a gift to the Departments of Neurology and Neurosurgery at Johns Hopkins that will bring you substantial tax benefits. There are a number of strategies you can use to structure the gift according to your circumstances.

Gifts that Provide Income
You may wish to make a substantial gift but feel you cannot afford to give up the annual income produced by the asset. Our life-income gift program offers several ways to help you make such a gift, while retaining an income for your lifetime.

The benefits to you, the donor, vary, but all of these arrangements have the following features:

• Income for life paid to you and/or another beneficiary, such as your spouse or another family member;
• Increased income if a gift is made to a life income plan that produces a higher yield than the donated asset;
• An immediate federal income tax deduction for a portion of the value of the gift; and
• Elimination of capital gains tax at the time of transfer if the asset is in the form of securities of real estate that have appreciated in value.

For a benefit calculation, please click here to access the Office of Gift Planning at Johns Hopkins.

We will be pleased to discuss with you the various options you may wish to consider when planning a life-income gift.

Gifts of Real Estate
Most types of real estate can make a valuable gift to Johns Hopkins: a primary residence, vacation home, farm, commercial building, or an undeveloped parcel of land. There are also ways to contribute your residence now and continue to reside in it for life.

As with gifts of appreciated stocks, bonds and mutual funds, no capital gains tax is due when you donate appreciated real estate; you are entitled to an income tax deduction in the amount of the appreciated value of the real estate; and you avoid estate taxes on the appreciated asset. Please click here for more information.

Gifts Through Bequests
Neurology and Neurosurgery at Johns Hopkins have benefited from bequests, both large and small, from many alumni, friends and grateful patients over the years. Through their estate gifts, these individuals are forever associated with Johns Hopkins.

Bequests, no matter how modest, have always been welcome and important to Neurology and Neurosurgery at Johns Hopkins. To make an unrestricted bequest, you may wish to consider using the following language:

You may, of course, restrict your gift further, to be used for research in a specific disease area. Please contact the Development Office for further information.

The value of a bequest to Johns Hopkins is deductible for estate tax purposes, and there is no limit on the amount of the deduction.

All donors who have made plans to support the Departments of Neurology and Neurosurgery at Johns Hopkins are welcomed into the Legacy Circle.

Thank you for your support!

All gifts should be made payable to:
The Johns Hopkins University Department of Neurology or The Johns Hopkins University Department of Neurosurgery and are tax-deductible in accordance with the Internal Revenue Code.

For further information contact:
Office of Development
Departments of Neurology and Neurosurgery
c/o The Fund for Johns Hopkins Medicine
100 North Charles Street, Suite 401
Baltimore, MD 21201

Neurology Development Phone: 410.516.6250
Neurosurgery Development Phone: 410.516.6234
Fax: 410.516.5508
e-mail: NeuroDev@jhmi.edu