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A gift to support SPRI can take the form of cash; securities; commercial or residential real estate; energy or timber rights; or payments from a 509(a)(3) supporting organization, a community foundation donor advised fund, or a charitable lead trust. A gift to SPRI is tax-deductible to the full extent of the law.

For more information concerning a gift in support of SPRI, please contact:

Lee Jones
Vice President, Development & Patient Excellence Programs
Steadman Philippon Research Institute
181 West Meadow Drive
Vail, CO 81657-5059
Tel: (970) 479-5781
Cell: (970) 390-8126
Email:  ljones@sprivail.org

or

Lynda Sampson
Director of External Relations
Marketing and Communications
Steadman Philippon Research Institute
181 West Meadows Drive, Suite 1000
Vail, Colorado 81657-5059
Tel: (970) 479-1563
Email:  lsampson@sprivail.org

A gift of cash is the simplest form of gift, and is fully tax-deductible for purposes of federal and state income tax calculations. The value of the cash gift is the face value of the cash or check. A gift of cash can be made via check or credit card.

SPRI accepts a gift of marketable securities that are traded on the NYSE, ASE, NASDAQ, and other major U.S. stock exchanges. A gift of securities is usually sold immediately on receipt by SPRI.   The dollar value of a gift of securities is the mean (average) of the high and low of the stock(s) or bond(s) on the date that the transfer to SPRI is executed by the donor.

A gift of appreciated securities can often provide greater tax benefits than a cash donation. The donor may deduct the full fair market value of long-term appreciated securities and avoid capital gains tax, and may deduct gifts of securities up to 30% of your adjusted gross income, with a five-year carry-over option. Under certain circumstances, the donor may also qualify for a 50% annual deduction by reducing the value of your gift.

Securities that are either closely held or not publicly traded may be accepted only after approval by SPRI’s Chief Financial Officer.  

Primary contact for a gift of securities:

Monica White, CPA
Controller
Steadman Philippon Research Institute
181 West Meadow Drive, Suite 1000
Vail, CO 81657-5059
(970) 479-5814

Key information to make a gift of securities:

•             SPRI’s official name: “Steadman Philippon Research Institute”

•             SPRI’s Federal Tax ID#: 88-0245022

•             SPRI’s Broker: 1st Discount Brokers, Pension Clearing

•             SPRI’s Account Representative at 1st Discount Broker: Jim Wheeler (303.757.2500)

•             DCT: 0158

•             SPRI’s Account #: 6551035915

 

SPRI will consider a gift of real property after first exercising due diligence to assess the property’s title status, environmental issues, and marketability. SPRI reserves the right to dispose of the donated real property as soon as it becomes the legal owner. It is SPRI’s general practice to sell all gifts of real property as soon as possible. A donor of a gift of real property is entitled to a tax deduction equivalent to the appraised value of the property at the time of the transfer to SPRI.

SPRI will accept gifts of jewelry, artwork, collections, and other personal property so long as the property has a value of $5,000 or more and is approved by SPRI’s Chief Financial Officer. However, property believed to have a value of $5,000 or more must first be subject to a qualified appraisal under the terms of the Internal Revenue governing gifts of this type.

For answers to questions or to make a non-cash gift of securities, please contact the SPRI Development Office.

A charitable bequest is the most popular and enduring type of planned gift. A bequest is favored by donors because it is a gift planning strategy that gives one the opportunity to leave a lasting legacy while retaining full use of one’s assets during life. With a bequest, there is no disruption of one’s lifestyle and no immediate out-of-pocket expense.

Because the precise language of a bequest provision is very important, a bequest to benefit SPRI should be worded along the following lines:

Example of unrestricted bequest language:

“I give (insert dollar amount, property to be given, percentage of the estate, or "the remainder of my estate") to the Steadman Philippon Research Institute, a 501(c)(3) nonprofit corporation, tax identification number 88-0245022, headquartered at 181 West Meadow Drive, Suite 1000, Vail, Colorado, 81657-5059 for its general use and purposes.”

Example of restricted bequest language:

“I give (insert dollar amount, property to be given, percentage of the estate, or "the remainder of my estate") to the Steadman Philippon Research Institute, a 501(c)(3) nonprofit corporation, tax identification number 88-0245022, headquartered at 181 West Meadow Drive, Suite 1000, Vail, Colorado, 81657-5059 to support (insert designation, campus or purpose) at the Steadman Philippon Research Institute.”

A donor may wish to direct a bequest to an endowed fund which will exist in perpetuity. If the bequest is $50,000 or more, the donor may establish his/her own endowed fund which can bear the donor’s name or the name of a loved one. If the bequest is less than $50,000, the donor can supplement an existing endowed fund. In endowed funds, the principal is held in perpetuity, with a fixed amount of the annual earnings (currently 4%) allocated to provide ongoing support for programs designated by the donor.

For more information or assistance with bequest language, please contact the SPRI Development Office. In all cases, you should be sure to consult your financial and tax advisors when considering a bequest or any other type of planned gift.

 

SPRI encourages donors to include the Institute irrevocably as a charitable beneficiary of a charitable remainder trust administered by parties other than SPRI. (As a general rule, SPRI will not serve as a trustee of any charitable remainder trust.) SPRI does not currently offer a Pooled Income Fund, and it does not currently possess a license to issue charitable gift annuities.

A donor may name SPRI as a recipient of payments from a charitable lead trust, which provides an income payment to the Institute at a designated rate for the donor’s life or over a pre-established number of years.

A donor may name SPRI to receive all or a portion of the benefits of a life insurance policy which he/she has purchased on his/her life. New or existing policies may be donated outright, or SPRI may be named the owner and beneficiary of an existing policy.

SPRI will not accept a gift of cash from a donor for the purpose of purchasing life insurance on the donor’s life.

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