Non-Cash Ways to Make a Big Impact

Non-cash gift benefits:

  • avoid paying capital gains tax
  • receive a charitable income tax deduction
  • enjoy possible increased income
  • further our mission and be the difference in a patient’s life today!

While most people give to make a difference—not for the tax benefits—donating non-cash assets can offer some remarkable advantages for both you and JRMC. Gifts such as appreciated stock, grain, mutual funds, securities, charitable gift annuities and contributions from donor-advised funds can all help maximize your impact while offering potential tax savings. 

For example, donating appreciated assets like stock or mutual funds directly to JRMC allows you to take a charitable deduction for the full fair market value and avoid paying capital gains tax on the increase in value. If you were to sell the asset yourself and donate the proceeds, you could still take a deduction—but you’d be responsible for paying capital gains taxes on the sale. By donating the asset directly, JRMC Foundation receives the full value and neither you nor the Foundation pays tax on the gain. 

This principle applies to many non-cash assets. Whether you’re a farmer donating grain, an investor with mutual funds or someone utilizing a donor-advised fund or charitable gift annuity, these gifts can support critical services at JRMC while offering smart financial benefits. 

If you’re considering a year-end gift of non-cash assets, we recommend starting the process by mid-November to allow four to six weeks for processing. 

To make your gift please refer to the below information on transferring the following types of assets: 

Stocks & Mutual Funds

Donating appreciated stocks and mutual funds is a simple and impactful way to support JRMC Foundation while potentially receiving significant tax benefits. To maximize your gift and ensure everything goes smoothly, follow these key steps: 

  1. Contact Your Financial Advisor or Broker
    Let your financial advisor or brokerage firm know you’d like to make a charitable gift of stock or mutual fund shares. They’ll help you identify eligible assets and initiate the transfer. Be sure the shares have been held for more than one year to qualify for the full fair market value deduction. 
  2. Notify JRMC Foundation
    Before initiating the transfer, please notify the JRMC Foundation of your intent to donate. This ensures we can properly acknowledge your gift and match it to your information. Because brokerage accounts do not always include donor names, letting us know in advance helps us provide the correct tax receipt. 
  3. Transfer the Assets Directly
    For tax purposes, it’s critical that the appreciated assets are transferred directly to JRMC Foundation’s brokerage account—not sold first. If you sell the assets before donating, you’ll be responsible for paying capital gains tax.

    We’ll provide you (or your broker) with the Foundation’s transfer instructions, including our brokerage name, account number and DTC number. 

  1. Receive a Tax Receipt
    Once the transfer is complete, JRMC Foundation will issue an acknowledgment letter and tax receipt for the fair market value of the gift, determined by the average of the high and low prices on the date of transfer.

Grain or Agricultural Commodities

Donating grain or other agricultural commodities is a meaningful way for producers to support JRMC Foundation while potentially receiving valuable tax advantages. By gifting the crop before it is sold, you may reduce your taxable income while still deducting business expenses related to producing the crop. 

  1. Contact JRMC Foundation Before Delivery
    Let us know your intent to donate grain before making the delivery. This ensures we can guide you through the process and provide appropriate documentation. Advance notice is key for accurate receipting and legal ownership transfer. 
  2. Deliver the Grain in JRMC Foundation’s Name
    When delivering the grain to the elevator or co-op, instruct them to issue a warehouse receipt or scale ticket in the name of JRMC Foundation.

    It’s important that     ownership is transferred before the grain is sold to qualify as a donation of the commodity (not the proceeds). 
  3. Notify JRMC Foundation of the Donation
    Provide us with a copy of the scale ticket and the name of the elevator or co-op handling the grain. We’ll coordinate with them to handle the sale and issue you a charitable acknowledgment letter. 
  4. JRMC Foundation Sells the Grain
    After the grain is officially gifted, JRMC Foundation will instruct the elevator to sell the grain and send the proceeds directly to the Foundation. Since the grain was never reported as income to you, there is no need to include the value in your taxable income. 
  5. Tax Considerations
    Because this is a donation of a commodity—not a cash contribution—you will not receive a charitable deduction. However, you may benefit by:
  • avoiding income recognition on the donated grain 
  • still deducting input costs like seed, fertilizer and fuel 
  • potentially lowering self-employment and federal income taxes 

We recommend consulting with your tax advisor to ensure the gift is structured correctly and aligns with your financial planning. 

Securities or Bonds

Donating securities or bonds is a powerful way to support JRMC Foundation while potentially reducing your tax burden. As with stocks and mutual funds, donating these appreciated assets directly—rather than selling them yourself—can maximize both your impact and tax advantages. 

  1. Confirm Eligibility of the Asset
    Work with your financial advisor or brokerage to identify eligible securities or bonds, particularly those that have increased in value and that you’ve held for more than one year. This ensures you can deduct the full fair market value and avoid capital gains tax. 
  2. Contact JRMC Foundation Before Making the Transfer
    Before initiating the donation, please notify JRMC Foundation. This allows us to track the transfer and issue a proper tax receipt. Brokerages often do not include the donor’s name with the asset, so advance notice is essential. 
  3. Transfer the Securities or Bonds Directly
    Ask your broker to transfer the asset directly to JRMC Foundation’s brokerage account. Do not sell the security or bond yourself, as doing so may trigger capital gains taxes.

    We will provide your advisor with our account and DTC transfer information. 

  1. JRMC Foundation Receives and Sells the Asset
    Once the securities or bonds are transferred, JRMC Foundation will manage the sale. Because the Foundation is a tax-exempt organization, we pay no capital gains tax, and the full value of your gift goes toward supporting healthcare services at JRMC. 
  2. Receive a Tax Receipt
    You’ll receive a charitable acknowledgment letter for the fair market value of the gift, calculated on the date of transfer. This amount can be used for your charitable income tax deduction if you itemize.

Donor Advised Funds (DAFs)

A Donor Advised Fund (DAF) is a convenient and flexible way to support JRMC Foundation. If you’ve already set up a DAF through a provider like Fidelity Charitable, Schwab Charitable or a community foundation, you can recommend a grant to JRMC at any time—no new account setup required. 

  1. Recommend a Grant to JRMC Foundation
    Log in to your DAF provider’s website and request a grant to:
    Jamestown Regional Medical Center Foundation
    2422 20th St SW
    Jamestown, ND 58401
    Tax ID (EIN): 36-3348763 

    Most platforms allow you to search by name or EIN and submit your grant recommendation in just a few clicks. 

  1. Indicate Purpose (Optional)
    You may designate your gift for a specific purpose, such as:
  • greatest need 
  • equipment purchases 
  • Endowment 
  • a specific program or fund (e.g., ANGELS Fund, Cancer Center, Tree of Love) 

    If you don’t specify a purpose, your grant will be directed where it’s needed most. 

  1. Notify JRMC Foundation
    To help us thank you properly and ensure your intent is followed, please let us know once you’ve submitted your recommendation. DAF grants often arrive without donor contact information. 
  2. Receive Confirmation from Your DAF Sponsor
    While you won’t receive a charitable tax receipt from JRMC Foundation (since the tax deduction was received when you contributed to the DAF), you will receive confirmation of the grant from your fund sponsor.

Charitable Gift Annuity

A Charitable Gift Annuity (CGA) is a way to support JRMC Foundation while also receiving fixed, reliable income for life. It’s a smart option for donors who want to give back and ensure their own financial security in retirement. 

  1. Understand How a CGA Works
    When you make a gift of cash or appreciated assets (like stock) to JRMC Foundation in exchange for a CGA, you receive a fixed income payment for life. After your lifetime, the remaining funds support the mission of JRMC Foundation. 
  2. Choose Your Gift Amount and Income Plan
    You can fund a CGA with a minimum gift (typically $10,000 or more) using cash or appreciated assets. You’ll receive fixed payments for life—either immediately or starting at a future date (for deferred annuities). You may also choose a one-life or two-life annuity (e.g., for you and a spouse). 
  3. Receive Immediate Tax Benefits
    You’ll qualify for a partial charitable tax deduction in the year you establish the annuity. If you donate appreciated stock, you may also reduce or eliminate capital gains taxes. 
  4. Enjoy Lifetime Income
    Once the annuity is established, JRMC Foundation will make regular payments to you (or your designated beneficiary) at a fixed rate determined by your age. These payments are partially tax-free for a period of time, making them even more attractive. 
  5. Leave a Legacy
    After your lifetime, the remaining value of the annuity becomes a lasting gift to JRMC Foundation—supporting local, independent healthcare for generations to come.

Next Steps
Contact JRMC Foundation to request a personalized CGA illustration. We’ll work with you (and your advisor) to estimate your income rate, tax deduction, and how your gift will make a difference.