Page 7 - The Shores of Jupiter - November '24

The Shores, Page 7
Financial Focus ®

Donor-Advised Funds: A • Immediate tax deduction – A few years ago, changes in in the DAF program you’ve chosen. And DAFs can incur

Smart Way To Give tax laws resulted in a vastly increased standard deduction, administrative costs in addition to the fees charged on the
which, in turn, led to far fewer people itemizing on their
underlying investments.
tax returns and having less incentive, at least from a tax You may want to consult with your financial professional
By Sally Sima Stahl standpoint, to contribute to charities. But if you don’t about other potential benefits and tradeoffs of DAFs and
You can find several ways typically give enough each year to itemize deductions, whether a DAF can help you with your charitable giving
to make charitable gifts but if you could combine several years’ worth of giving into one goals. Also, different DAF sponsors offer different features,
you’re looking for a method contribution to a DAF and take a larger deduction in that tax so you will want to do some comparisons. And because DAFs
that can provide multiple year. And you can claim that deduction, even though the DAF can have such significant implications for your tax situation,
tax benefits, along with an may distribute funds to charities over several years. you should consult with your tax professional before taking
efficient platform for giving • Tax-free growth of earnings – Once you contribute an asset action.
year after year, you might to a DAF, any earnings growth is not taxable to you, the DAF If a DAF is appropriate for your situation, though,
want to consider a donor- or the charitable groups that receive grants from the DAF. consider it carefully — it might be a good way to support
advised fund. • Avoidance of capital gains taxes – When you donate your charitable giving efforts for years to come.
Once you open a donor- appreciated stocks or other investments – or for that matter, This article was written by Edward Jones for use by
advised fund (DAF), you can virtually any appreciated asset – to a DAF, you can avoid your local Edward Jones Financial Advisor, Edward Jones,
contribute many types of assets, including cash, publicly paying the capital gains taxes that would otherwise be due if Member SIPC.
traded stocks, bonds, CDs or non-cash items such as you were to simply sell the asset and then donate the proceeds Edward Jones is a licensed insurance producer in all states
closely held business interests, art or collectibles. You can to charitable organizations. Plus, by receiving the appreciated and Washington, D.C., through Edward D. Jones & Co., L.P.,
then decide how to invest the money, possibly following a asset, rather than the proceeds from a sale, the charitable and in California, New Mexico and Massachusetts through
strategy suggested by the DAF sponsor organization you’ve groups can gain more from your contribution. And you can Edward Jones Insurance Agency of California, L.L.C.;
selected. The next step involves choosing which charities to also take a tax deduction for your donation. Edward Jones Insurance Agency of New Mexico, L.L.C.; and
support, how often to provide support (such as once a year) While these potential tax benefits can certainly make a Edward Jones Insurance Agency of Massachusetts, L.L.C.
and how much to give each time. You’re essentially free to DAF an attractive method of charitable giving, you should Edward Jones, its employees and financial advisors cannot
direct the money to any charities you like, provided they’re be aware of some potential tradeoffs. Once you contribute provide tax advice. You should consult your qualified tax
IRS-approved charitable organizations. assets to a DAF, that gift is irrevocable, and you can’t access advisor regarding your situation.
Now, let’s look at the possible tax advantages offered by the money for any reason other than charitable giving. Also, Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
®
a DAF: your investment options are limited to what’s available AAMS , 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
™
Jupiter Medical Center Receives Reaccreditation And

National Recognition For Excellence In Orthopedics

Jupiter Medical Center is pleased to announce that it has patient care and safety worldwide. Its independent, not-for- Operations and chief nursing officer, The Joint Commission.
once again earned reaccreditation from The Joint Commission, profit evaluations ensure that hospitals meet the highest “Through collaborating on innovative solutions and evidence-
receiving The Gold Seal of Approval for total hip and knee quality benchmarks. based resources and tools, The Joint Commission helps drive
®
replacement, total shoulder replacement, and spine surgery. “As a healthcare accreditor, The Joint Commission improvement while maintaining accountability through our
These accolades highlight Jupiter Medical Center’s unwavering works with healthcare organizations across care settings to leading survey methods and standards. We commend Jupiter
dedication to providing superior health care services. inspire safer and higher quality of care that is more equitable Medical Center for its commitment to advance safety, quality,
The Joint Commission, a globally recognized leader in and compassionate,” says Ken Grubbs, DNP, MBA, RN, equity, and compassion for all patients.”
healthcare accreditation, sets rigorous standards to elevate executive vice president of Accreditation and Certification These accolades are in addition to Jupiter Medical Center’s
Blue Distinction Center+ designation for both knee and
hip replacement as well as spine surgery. These prestigious
designations recognize medical facilities that excel in
delivering high-quality specialty care safely and effectively
while also meeting cost-efficiency criteria. Remarkably,
Jupiter Medical Center continues to stand as the only hospital
in Florida to achieve all five of these recognitions.
As a Blue Distinction Center for knee and hip replacement,
Jupiter Medical Center is acknowledged for its proficiency
in total knee and hip replacement surgeries, including the
assessment of patients’ functional outcomes after surgery. The
Blue Distinction Center+ designation further recognizes the
hospital’s cost-effectiveness and affordability, evidenced by
lower complication rates and fewer hospital readmissions.
Jupiter Medical Center leads the way in orthopedic and
spine care, ensuring that patients receive the highest quality
treatment available. The hospital’s emphasis on innovative
practices, patient-centered care, and continuous improvement
solidifies its reputation as a premier healthcare provider in
Florida and beyond.
For more information about Jupiter Medical Center,
visit jupitermed.com, call (561) 263-2234, or follow
Jupiter Medical Center on Facebook and Instagram @
jupitermedicalcenter or on Twitter @JupiterMedCtr.
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