Nonprofit Hospices and Tax Deductible Donations

When you believe in something larger than yourself, you want to support it.

Often, the organizations that truly help others and make the world a better place inspire us all. You may even want to give tax deductible donations to support their mission.

But how does a nonprofit hospice vs. a for-profit hospital compare, particularly when it comes to tax deductible donations? We’ve got the answers to your questions, and we’ll provide information on 3HC’s non-profit mission.

What Kind of Hospices Meet Requirements for Tax Deductible Donations?

To get a sense of the bigger picture when it comes to tax deductible donations and hospice, it’s important to completely understand the difference between how a for-profit hospice and a nonprofit hospice operate.

What Is a For-Profit Hospice?

A hospice that makes a profit must pay money and dividends to their stockholders. This means their goal is ultimately to make money for their investors. A for-profit hospice must pay tax on these profits.

Because they are focused on making money, some for-profit hospices may be hesitant to spend additional resources on community programs such as educational sessions, transportation, bereavement assistance, counseling, and care consultations.

What Is a Nonprofit Hospice?

By contrast, a nonprofit hospice focuses on the individual and not profit margins. That’s why a nonprofit hospice’s goal is to treat members of the community who need them—regardless of whether or not they can pay.

Instead of paying dividends to investors, nonprofit hospices take that funding and invest it in the community through services and programs to help patients and patients’ families.

A nonprofit hospice invests its money in the local area and serves everyone, regardless of their ability to pay. In addition, nonprofit hospices frequently offer free community programs such as bereavement support groups, educational sessions and more.

This is why money given to nonprofit hospices are tax deductible donations.

What Type of Organizations Qualify for Tax Deductible Donations?

For an organization to receive tax deductible donations they must meet all the requirements outlined by the IRS.  A qualified charitable organization is known as a 501(c)(3) organization.

Organizations that can qualify for tax deductible donations include:

  • Certain religious organizations
  • Nonprofit veterans’ organizations
  • Educational charities
  • Philanthropic groups

The main tenant is that none of the earnings of the organization can go to a private shareholder or any individual. Charitable organizations should not primarily try to influence legislation.

Tax laws frequently change, and we encourage you to speak to your accountant to be sure you understand all details and get the complete picture when you make tax deductible donations. You can also get more information from the charitable contribution page from the IRS.

3HC Is Proud to Be a Nonprofit Hospice

3HC believes in treating our patients like family. We believe that serving others is the highest calling. That’s why we put the needs of others at the forefront of all that we do. We appreciate the assistance from our generous donors, and strive to be good stewards of all that they provide us. It’s through this generosity that we’re able to meet the needs of not just our patients, but their loved ones as well.

A tax deductible donation is a wonderful way to make a difference in the lives of others.

How Can I Make a Tax Deductible Donation to 3HC?

It’s easy to make a donation, and there are many ways you can give.

Memorial and Honorarium Gifts

Making a gift or donation in honor of someone dear to you, and many do this at memorials “in lieu of flowers.” You can also make these in honor of someone’s birthday or anniversary. We’ll send a letter to announce your gift.

We ask that you consider donating to our Walk of Life or Wings of Life. These are located at our Kitty Askins Hospice Center.

Walk of Life

The Walk of Life provides a quiet, tranquil environment for patients, friends and family to share their experiences and gain strength from each other. A $250 donation provides a stepping stone that can be dedicated to a loved one.

Wings of Life

The Wings of Life is another great way to ensure your donation helps others in your community. The Wings of Life, located at the Kitty Askins Hospice Center [link], is a hallway that is tastefully decorated with handmade ceramic butterflies. A butterfly can be purchased in honor or memory of a loved one for a donation of $1,000.

Estate Planning

While this is arranged during the donor’s lifetime, it is not received in its entirety until the donor’s death. This type of planned death is most often outlined in a will. You can speak with an attorney or someone who specializes in estate planning to help you through this process.

We’re also on hand to help and lend our expertise.

Making a Tax Deductible Donation to 3HC Benefits the Whole Community

3HC is more than an organization. We are a nonprofit hospice that provides services to anyone, regardless of their ability to pay. We also believe in providing educational information, as well as bereavement support, to those who need it.

When you make a tax deductible donation to 3HC, you are taking an active role in helping someone facing a life-limiting illness.

Donating to 3HC is simple and straightforward. If you want to establish a planned gift or want information on any of our hospice programs, you can contact:

April Brantham
Director of Philanthropy
(919) 735-1387, ext. 1072

Or call toll-free within North Carolina: 1-800-260-4442

Want to learn more? Visit our donation page.