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Invest in our lifesaving mission YOU MAKE A DIFFERENCE WITH EVERY FINANCIAL GIFT! To support Memorial Blood Centers mission to help save and sustain lives in the community, I would like to make a
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How to fill out gifting to family members

01
Get a list of family members you want to gift to.
02
Decide on a budget for each family member.
03
Choose suitable gifts for each family member based on their interests and preferences.
04
Purchase the gifts either online or from physical stores.
05
Wrap the gifts nicely to make them look presentable.
06
Write personalized cards or notes to accompany the gifts.
07
Arrange a time and place to give the gifts to your family members.
08
Present the gifts to each family member and enjoy their reactions.
09
Express your love and good wishes while handing over the gifts.
10
After gifting, spend quality time together and cherish the moments.

Who needs gifting to family members?

01
Anyone who wants to show love, appreciation, or celebrate special occasions with their family members can consider gifting to family members. It can be parents, siblings, children, spouse, or any other close family member.
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Gifting to family members refers to the act of giving money or assets to relatives without expecting anything in return, which may be subject to tax regulations.
Individuals who make gifts exceeding the annual exclusion limit to any one recipient are required to file a gift tax return.
To fill out gifting to family members, you typically need to complete IRS Form 709, providing details on the donor, recipient, and the value of the gifts.
The purpose of gifting to family members includes estate planning, providing financial support, and potentially reducing estate taxes.
Information that must be reported includes the name and address of the donor and recipient, the date of the gift, and the fair market value of the gift at the time it was given.
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