Will you leave a legacy?
What values do you want to pass to the next generation? How do you make your legacy meaningful and make it go further? Children’s Hospital offers complimentary and confidential values-based legacy planning services through a professional team of attorneys and financial planners. These experts specialize in creating a legacy plan that ensures 100% of your money goes exactly where you intend.
How you include a gift in your will or revocable trust depends on what you want to accomplish, and what you want to give to charity. Some options are:
- Bequests – you designate the organization as the beneficiary of your asset by will, trust or beneficiary designation form.
- Gift annuities – you transfer your cash or appreciated property to the organization in exchange for the charitable organization to promise to pay you fixed payments for the rest of your life.
- Appreciated assets – Find out what type of assets make the best planned gifts. Learn about gifts of cash, securities and property.
Children’s Hospital is a charity and by naming the hospital as a beneficiary in your estate plan, your tax burden can be reduced while helping heal children in our community.
Leave Your Legacy
Your gift can save a child’s life
As a supporter of East Tennessee Children’s Hospital, we know you care about our mission. But what happens to your support when you pass on? If you remember Children’s Hospital in your will or revocable trust, you leave a legacy that helps us continue to do the work you value, far into the future. Each year, more than 40 percent of new replacement equipment is funded through donations.
Include a charitable gift in your will or revocable trust
- It is simple to do. It can be as easy as including language stating, “I give $20,000 to Children’s Hospital.”
- You can change your mind. During your lifetime, you can amend anything you choose, i.e., beneficiaries, amounts, etc.
- Tax-wise, it could be beneficial. Gifts to qualified charitable organizations reduce the value of your estate for estate tax purposes.
- It’s an easy way to support Children’s Hospital. Bequests of every size help save lives.
Ways to give
How you include a gift in your will or revocable trust depends on what you want to accomplish, and what you want to give to Children’s Hospital.
Here are some options:
- Give a percentage of your estate; e.g., “I give 25 percent of the rest, and remainder of my estate to Children’s Hospital.”
- Give a specific dollar amount or item of property; e.g., “I give Children’s Hospital $5,000” or “I give Children’s Hospital 100 shares of XYZ stock.”
- Make your bequest contingent; e.g., “I give Children’s Hospital $25,000 if my niece and nephew predecease me.”
How your gift will be used and acknowledged
- Make the gift unrestricted. We will use it in the area of greatest need.
- Make the gift restricted. Support a specific area of interest, such as oncology, outreach programs or clinical education.
- Set up a named endowment fund with a gift of $25,000 or more, e.g., the Smith Family Fund for Diabetes.
- Memorialize or honor a loved one; e.g., “This gift is made in memory of loving husband.”
- Endow your annual gift.
What does a values-based estate plan do?
The plan helps answer your biggest concerns:
- Do I have enough money to ensure financial security for my future?
- How can I provide for my spouse, children and grandchildren?
- How can I give to my heirs in responsible and relevant ways?
- How can I self-direct the portion of my estate that must be used for the greater good for society, commonly collected as tax?
Children’s Hospital offers complimentary and confidential values-based legacy planning services through Thompson & Associates, a professional third party team of attorneys and financial planners. These experts specialize in creating a legacy plan that ensures 100% of your money goes exactly where you intend.
Learn more about creative ways to invest in Children’s Hospital’s future that are simple, flexible and help you accomplish both your long-term financial and charitable goals. Contact Danni Varlan, Major Gifts/ Legacy Giving Officer, at 865-541-8567 or email firstname.lastname@example.org to set up an appointment.
Leaving Your Legacy