A planned gift to The Children's Hospital of San Antonio Foundation allows you to make charitable gifts, continue to meet your current income needs, and take advantage of current tax incentives. When you partner with The Children's Hospital of San Antonio Foundation, you become a hero to sick and injured children from South Central Texas and beyond. Because of you, they will receive the compassionate, world-class medical care they need to win the most difficult fight of their young lives.
Here, you will find information you need when considering a planned gift to The Children's Hospital Foundation. You will also find information to share with your financial advisor and estate planner. When you are ready, you can use this site to reach out to us to share your plans, let us know what you are considering, or to start a confidential, no obligation conversation about what's possible.
Nellie B. West Society
Those who include The Children's Hospital of San Antonio Foundation in a will, trust, life income gifts, or other legacy gifts are welcomed into the Nellie B. West Society.
Membership is simple! All you need to do is let us know you have included a gift to The Children's Hospital of San Antonio Foundation in your future plans, or that you would like to do so. Many members have simply named The Children's Hospital Foundation as a beneficiary of a retirement account or as a beneficiary in their will or trust (sample bequest language below will help you complete your plans). Others have made life income gifts such as charitable gift annuities, charitable remainder unitrusts, or gifts of life insurance. Regardless of the type or size, your gift helps local children of our community.
HONORING THOSE WHO SECURE THE FUTURE FOR THE CHILDREN'S HOSPITAL WITH A GIFT TO ENDOWMENT
Nellie B. West, a woman who pioneered her way to San Antonio in the early 1900s, left a legacy for our community, which will endure for many decades to come.
Nellie B. West endowed a generous fund to purchase much-needed equipment for Santa Rosa's Children's Hospital (now known as The Children's Hospital of San Antonio) and thereby created a permanent gift which perpetuates her name and helps secure the future for fine health care for children across South Central Texas.
Nellie B. West found her way to Texas from Ireland, via Ellis Island. An industrious young woman at 16, Nellie registered at Santa Rosa Hospital's Nursing School when she arrived (one year too young!) and dedicated her life to a nursing career at Santa Rosa.
There, she worked with Dr. Ferdinand Herff who, at one point, assigned her to care for Ike West. Dr. Herff believed that "Nellie's charm and Irish ways" would return Ike, a leading citizen of early San Antonio, to health. They did, and earned her a husband as well.
Out of gratitude to the Hospital that shaped for her a prosperous and rewarding life, Nellie left a gift of her home in her will to the Hospital. Once sold, the property funded a very generous endowment, which has helped to carry on the tradition of excellent health care at The Children's Hospital that Nellie B. West and Dr. Herff stood for.
At The Children's Hospital of San Antonio, we are grateful to all our friends who, through gifts by will or estate plan, provide for the future of fine health care by building endowment funds. We honor and acknowledge the generosity of these friends by welcoming them into the Nellie B. West Society, a tribute to an early pioneer in charitable giving.
Not only do you have options for how your gift will be used, you also have options on what to give and how to give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.
Beneficiary Designations
Retirement Assets and other Funds
Naming The Children's Hospital of San Antonio Foundation as the beneficiary of a retirement plan asset such as an IRA, 401(k), or 403(b) will accomplish a charitable goal while realizing a significant tax savings.
Through a provision in your written and executed will or living trust, you can make a gift to The Children's Hospital of San Antonio Foundation in the form of cash, securities, or real estate. There are many types of bequests. Consult with your attorney to choose the one that best fits your needs and intentions.
You can turn underperforming assets (cash, stock, CDs, etc.) into a gift to The Children's Hospital of San Antonio Foundation that makes payments to you and a loved one. Your charitable gift annuity will return fixed, quarterly payments for life and provide tax benefits, too.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, your gift costs you less than the amount The Children's Hospital of San Antonio Foundation receives. You’ll get a charitable deduction for the full amount of your gift and avoid the impact of capital gains taxes.
Charitable IRA Rollover Make a Tax-Free Gift from Your IRA
If you’re 70 ½ or older, each year you can instruct your IRA administrator to transfer all or part of your required minimum distribution (up to $100,000) directly to The Children's Hospital of San Antonio Foundation and avoid paying the tax had you taken it as income.
Gifts of Real Property
Real Estate and Other Property
Like stock, the fair market value of gifts of appreciated assets can be deducted from your income tax today, allowing you to avoid capital gains and reduce estate taxes in the future. There are even ways to donate your home and live there as long as you’d like.
Designate The Children's Hospital of San Antonio Foundation to receive all or a portion of the balance of your Donor- Advised Fund (DAF) through your fund administrator. You also can make a grant to us at any time from your donor-advised fund. The balance in your DAF passes to The Children's Hospital Foundation when it terminates
Charitable remainder unitrusts with the remaining value passing to The Children's Hospital of San Antonio Foundation. Charitable lead trusts provide payments to The Children's Hospital of San Antonio Foundation with the remaining value passing to your heirs. For the savvy donor, charitable trusts can provide tax-advantaged income, eliminate capital gains tax, or preserve assets for your heirs.
Name The Children's Hospital of San Antonio Foundation as the beneficiary of an existing life insurance policy; donate an existing, paid-up life insurance policy you no longer need; or purchase a new life insurance policy and name The Children's Hospital of San Antonio Foundation as the owner and beneficiary.
Bequests to The Children's Hospital of San Antonio Foundation
Include a bequest to The Children's Hospital of San Antonio Foundation in your will. You can make your bequest unrestricted or direct it to a specific purpose. You may even indicate a specific amount or percentage of the balance remaining in your estate.
Benefits
Your assets remain in your control during your lifetime.
You can modify your gift to address changing circumstances.
You can direct your gift to a particular purpose (check with us to make sure your gift can be used as intended).
Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.
Planning Tip
If you express your gift as a percentage (e.g., “20 percent of the residue of my estate”), you can maintain the same relative gifts to charities and your heirs, regardless of changes in estate value. If you’re considering designating your gift for a specific purpose, such as research, special programs, or support for a specific department, contact us to ensure that we understand your wishes.
Sample Bequest Language
You may wish to share the following sample language with your attorney:
Unrestricted bequest
“I give (a specific dollar amount/a specific asset, or percentage of the rest, residue, and remainder of my estate) to the Trustees of The Children's Hospital of San Antonio Foundation, located in San Antonio, Texas, for its general tax-exempt purposes.”
Bequest for a specific purpose
“I give (a specific dollar amount/a specific asset, or percentage of the rest, residue, and remainder of my estate) to the Trustees of The Children's Hospital of San Antonio Foundation, located in San Antonio, Texas, to be used for the following purpose (state the purpose).”
NOTE: If you wish to restrict your bequest to a specific purpose or program at The Children's Hospital of San Antonio, please contact us in advance to assure that the language you include will accomplish your wishes and align with The Children's Hospital of San Antonio Foundation’s needs.
Endowment funds for a restricted purpose
If your bequest will be used to establish an endowed fund for a restricted purpose, we recommend that you and your counsel consider adding a “saving clause” to your bequest provision. A “saving clause” is a way to ensure the usefulness and relevance of your bequest in the future as The Children's Hospital of San Antonio Foundation’s needs and priorities change. For example:
“If, in the future, it is the opinion of the Board of Trustees at The Children's Hospital of San Antonio Foundation that all or part of the income of this fund cannot be usefully applied to such purpose, it may be used for any related purpose which, in the sole opinion of the Board of Trustees, will most nearly accomplish my wishes.”
Beneficiary Designations from Retirement Accounts and Other Funds
Beneficiaries of your Retirement Plan or your IRA
Designate The Children's Hospital of San Antonio Foundation as a beneficiary of part or all of your qualified retirement plan or your IRA. Normally, the assets held in an IRA or qualified retirement plan will be subject to both income and estate taxes, but if you name The Children's Hospital of San Antonio Foundation as a beneficiary of a percentage (or all) of your plan, that portion will pass to The Children's Hospital of San Antonio Foundation, free of income or estate taxes.
Payable on Death Bank Account Designation
Designate your bank account to be payable on death (POD) to The Children's Hospital of San Antonio Foundation. There is no change in ownership, control, or benefit from this account while you’re living. The POD designation causes whatever funds that remain in the account to go to The Children's Hospital of San Antonio Foundation at your death.
Transfer on Death Brokerage or Investment Account Designation
Designate your brokerage or investment account to be transferable on death (TOD) to The Children's Hospital of San Antonio Foundation. It’s not necessary for the TOD designation to transfer all of the account solely to The Children's Hospital of San Antonio Foundation. You can designate percentages of the account to pass to additional beneficiaries. To set up the transfer on death endorsement, contact your investment advisor and provide the instructions regarding the change.
Make Gifts to The Children's Hospital of San Antonio Foundation
A charitable gift annuity allows you to gain the security of fixed payments for life, receive a tax deduction for a portion of your gift, and make a gift to The Children's Hospital of San Antonio Foundation that you may not have thought possible.
How You Benefit from a Charitable Gift Annuity
Income for Life: An annuity is payable for life to one or two people age 60 or older, so you cannot outlive your annuity payments.
Eliminate Investment Risk: Your annuity payments, at a fixed amount, will remain constant regardless of market volatility.
Charitable Deduction: You’re entitled to a current charitable income tax deduction for a portion of your gift amount.
Capital Gains Benefits: If your annuity is funded with appreciated stock, you avoid paying capital gains tax on some of the appreciation, and spread the remaining capital gains over your anticipated life expectancy.
Tax-advantaged Income: Depending on the assets used to fund the annuity, each annuity payment typically includes a tax-free return of principal, capital gain, and ordinary income.
Secure Payments: Your annuity payments are guaranteed by all of The Children's Hospital of San Antonio Foundation’s assets.
How The Children's Hospital of San Antonio Foundation Benefits
At the death of your last income beneficiary, the remaining annuity assets are transferred to The Children's Hospital of San Antonio Foundation to be used for a purpose you may designate or The Children's Hospital of San Antonio Foundation’s greatest need.
If you don’t need income right away, you can obtain both a higher payout rate and a larger charitable deduction by establishing a deferred charitable gift annuity. A deferred gift annuity provides you with fixed payments for life that begin when you need them and an immediate tax deduction for a portion of your gift.
How You Benefit from a Flexible Gift Annuity
Income for Life: An annuity is payable for life to one or two people age 60 or older, so you cannot outlive your annuity payments.
You Control When Income Begins: Annuity payments are deferred until you choose to start them (at age 60 or older), with a minimum required deferral period of one year.
Charitable Deduction: You are entitled to a current charitable income tax deduction for a portion of your gift amount.
Capital Gains Benefits: If your annuity is funded with appreciated stock, you avoid paying capital gains tax on some of the appreciation, and spread the remaining capital gains over your anticipated life expectancy.
Tax-advantaged Income: Depending on the assets used to fund the annuity, each annuity payment typically consists of a tax-free return of principal, capital gain, and ordinary income.
Secure Payments: Your annuity payments are guaranteed by all of The Children's Hospital of San Antonio Foundation’s assets.
How The Children's Hospital of San Antonio Foundation Benefits
At the death of your last income beneficiary, the remaining annuity assets are transferred to The Children's Hospital of San Antonio Foundation to be used for a purpose you may designate or for The Children's Hospital of San Antonio Foundation’s greatest need.
Minimum Gift
The minimum for establishing a charitable gift annuity with The Children's Hospital of San Antonio Foundation is $10,000.
Charitable remainder unitrusts allow you to make a gift of cash, stock, or real estate, receive a tax deduction for a portion of your gift, and receive variable payments from your unitrust for life or a term of years.
How You Benefit from a Charitable Remainder Unitrust
The income from a unitrust can grow over time, providing you with a potential hedge against inflation.
You can claim a charitable income tax deduction for a portion of your gift amount.
If you fund your trust with stock or real estate, you also avoid paying immediate capital gains taxes on the appreciation.
Unitrust income is taxed at favorable rates, since it usually consists of part ordinary income and part capital gains.
You can structure a trust to pay income to multiple people, either for their lifetimes (if they are age 50 or older) or for a specific number of years (up to 20).
How The Children's Hospital of San Antonio Foundation Benefits
When the term of the trust concludes, the remaining trust assets are transferred to The Children's Hospital of San Antonio Foundation to support The Children's Hospital of San Antonio Foundation’s mission or for a purpose you designate.
Minimum Gift
The minimum for establishing a charitable remainder unitrust through The Children's Hospital of San Antonio Foundation is $100,000. Future additions to the trust can be made in any amount.
Giving publicly traded shares of stock, bonds, or mutual funds to The Children's Hospital of San Antonio Foundation allows you to turn an appreciated asset into support research and special programs.
You’ll receive a charitable income tax deduction for the fair market value of your gift, and as a qualified non-profit, The Children's Hospital of San Antonio Foundation can then sell the stock without having to pay capital gains tax. All the proceeds from the sale will be used for the charitable purposes you specify.
You can designate your gift to The Children's Hospital of San Antonio Foundation, to start an endowed fund, or to support a particular initiative.
The real cost of your gift Is reduced, since you’ll save on income and capital gains taxes by giving appreciated stock or mutual fund shares to The Children's Hospital of San Antonio Foundation.
You can use your securities to make different types of gifts, including:
An outright gift that gives you a charitable deduction for the fair market value of the property while potentially avoiding capital gains taxes.
A gift that gives you income back and an immediate tax deduction, while leaving the assets to The Children's Hospital of San Antonio Foundation.
A gift that gives The Children's Hospital of San Antonio Foundation income for a few years, then is passed on to your heirs at the time you specify, with considerable estate and gift tax savings.
Do you own your own business? It’s also possible to give closely held stock to The Children's Hospital of San Antonio Foundation.
If you own your own business, the stock in your company has virtually no cost basis, making it subject to significant capital gains when you’re ready to sell.
While potentially very tax-advantaged, gifts of closely held stock are not without their complexities and require thoughtful consideration on the part of all parties including: the shareholder, the company issuing the stock and The Children's Hospital of San Antonio Foundation.
Using real estate to make a gift allows you to turn an asset into support for The Children's Hospital Foundation, receive a charitable income tax deduction, and potentially avoid paying capital gains taxes.
Gifts of Real Estate
The real cost of your gift is reduced, since you’ll save on income and capital gains taxes by giving appreciated property to The Children's Hospital of San Antonio Foundation. You can use real estate to make a variety of different types of gifts, including:
An outright gift that gives you a charitable deduction for the fair market value of the property while potentially avoiding capital gains taxes.
A gift that gives you income and an immediate tax deduction, while leaving the assets to The Children's Hospital of San Antonio Foundation.
A gift that gives you income for a few years, then is passed on to your heirs at the time you specify with considerable estate and gift tax savings.
A gift that gives you a sizable tax deduction today and allows you to use the property for your lifetime, while leaving the property to The Children's Hospital of San Antonio Foundation upon your death.
By contributing your home, while retaining the right to live in it for life, receive a tax deduction for a portion of your gift, and continue to use your property while you are living.
How You Benefit
You receive a charitable income tax deduction today for a gift that will help The Children's Hospital of San Antonio Foundation in the future.
Your estate taxes may be reduced because the property is removed from your estate.
Your executor’s job is simplified, since your property will pass directly to The Children's Hospital of San Antonio Foundation upon your death.
How The Children's Hospital of San Antonio Foundation Benefits
At the end of your life, The Children's Hospital of San Antonio Foundation can use the property or the proceeds from the sale of the property, either for The Children's Hospital of San Antonio Foundation’s greatest need or for a purpose you specify.
Minimum Gift
The minimum gift for establishing a retained life estate with The Children's Hospital of San Antonio Foundation is $100,000.
Make The Children's Hospital of San Antonio Foundation a beneficiary of your life insurance
Making a gift of life insurance allows you to transfer ownership of a paid-up life insurance policy to The Children's Hospital of San Antonio Foundation. The Children's Hospital of San Antonio Foundation elects to cash in the policy now or hold it.
How You Benefit from a Gift of Life Insurance
Make a gift using an asset that you and your family may no longer need.
Receive an income tax deduction equal to the cash surrender value of the policy.
You may be able to use the cash value of your policy to fund a gift that delivers income, such as a planned gift annuity.
Designate The Children's Hospital of San Antonio Foundation to receive all or a portion of the balance of your Donor-Advised Fund (DAF) through your fund administrator (you also can make a grant to us at any time from your donor-advised fund). The balance in your DAF passes to The Children's Hospital of San Antonio Foundation when it terminates.
How You Benefit
You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
Maintain flexibility to change beneficiaries if your needs change during your lifetime.
Gifts Through Trusts
Grantor Charitable Lead Trusts
A grantor charitable lead trust allows you to claim an income tax deduction based on the present value of the future annual payments to The Children's Hospital of San Antonio Foundation, and retain the principal when the trust’s term ends.
Charitable Remainder UniTrusts
A charitable remainder unitrust allows you to donate cash or appreciated assets and receive payments based upon a percentage of the trust’s annual value. When the value of the trust increases, so do your payments and your gift to The Children's Hospital of San Antonio Foundation. Your donation qualifies for an immediate tax deduction, and you save capital gains taxes.
A flip unitrust allows you to donate illiquid assets, such as business interests or assets earning little or no income, like undeveloped real estate, and receive an immediate tax deduction. The value of those assets appreciates in the trust tax-free. When the assets are sold, saving capital gains taxes, the trust “flips” to a conventional charitable remainder unitrust and begins making payments to the beneficiary.
Family Trust
A family trust also is called a charitable lead trust because the charity takes the “lead” in receiving payments for a period of time with the remaining assets, plus appreciation, going to members of the next generation when the term of the trust expires. The donors pass the trust assets to heirs at reduced transfer tax cost.
If you’re 70 ½ or older, each year you can instruct your IRA administrator to transfer all or part of your required minimum distribution (up to $100,000) directly to The Children's Hospital of San Antonio Foundation and avoid paying the tax had you taken it as income.
An IRA rollover allows you to make a gift to The Children's Hospital of San Antonio Foundation directly from your IRA, pay no taxes on the transfer, and count the gift toward your required minimum distribution.
Tax-Free IRA Rollover
The charitable IRA rollover allows donors to exclude certain transfers of Individual Retirement Account (IRA) assets that are made directly to public charities from their taxable income.
To qualify
You must be age 70 ½ or older at the time of gift.
Transfers must be made directly from a traditional IRA account by your IRA administrator to The Children's Hospital of San Antonio Foundation. Funds that are withdrawn by you and then contributed do NOT qualify. Gifts from 401k, 403b, SEP and other plans do not qualify.
The gift must be completed during the applicable tax year.
Clancy Connell, Class of 1912, for whom the alumni center is named,
famously
said, The more I work for The Children's Hospital of San Antonio Foundation, the more I give, and the
more I give, the harder I work.
John Allen 60 follows that example. The list of his volunteer activities
is lengthy - co-president of the New York City Alumni Association, class
correspondent
for The Children's Hospital of San Antonio Foundation Alumni Review, class president and member
of his 50th and 55th reunion committees.
John and his wife, Beth, also are Continuous Continentals, members of the
1812 Leadership Circle and Joel Bristol Associates. After contributing regularly
to the Annual Fund for many years, the couple inquired about charitable gift
annuities. Finding the tax savings and fixed quarterly payments appealing,
they established two CGAs with The Children's Hospital of San Antonio Foundation.
SUSAN ALICE BICKFORD '70 ½
As a member of the Kirkland charter class, I was privileged to participate in building a unique academic and community environment from the ground up. The Children's Hospital of San Antonio Foundation was a key part of that period in my life where I also made many friends and grew into adulthood.
At the end of my senior year, I recall Kirkland President Sam Babbitt telling us that most of us would go on to careers that weren't related to our majors and that we might not remember all the wonderful knowledge that had been imparted to us while in Foundation. However, we had learned how to learn, and this would be one of the most critical skills we had acquired.
Over the years and a number of dramatic career transitions, I have found his words to be true. After majoring in fine arts, I leaped to computer graphics, to a career as a developer, and then to an executive position in the high tech arena. Now, with the publication of my first novel this year, I am embarking on a career as a writer of fiction.
At each juncture I had to stretch and learn. Every transition allowed me to leverage what I had done before and to learn new facets of business, technology, and management. Some of these lessons came through formal training, but many I undertook on my own, confident that I knew how to learn.
Although I was sad to see Kirkland disappear as a formal entity, I have been thrilled to watch how The Children's Hospital of San Antonio Foundation has continued to evolve, initially pulling in many Kirkland concepts and going on to change and grow to meet then eeds of current and future students.
Many years ago, I decided to do what I could to encourage The Children's Hospital of San Antonio Foundation along this path. At first I could not afford to give very much, but I increased my annual contributions modestly over time and eventually added The Children's Hospital of San Antonio Foundation as one of the beneficiaries of my estate. I don't foresee any The Children's Hospital of San Antonio Foundation buildings with my name over the door; I simply hope my contributions will give students what Kirkland and The Children's Hospital of San Antonio Foundation gave me - a top-notch education and the ability to learn how to learn.
Dottie and Milt Kayle '43
Milton P. Kayle '43 accomplished a great deal for The Children's Hospital of San Antonio Foundation during his lifetime, and his gift planning efforts continue to benefit his wife, Dorothy, and current students. In addition to supporting the Annual Fund, Milt established an achievement prize named for his father-in-law, H. Samuel Slater, and two scholarships - one named for a favorite high school teacher, Owen Roberts '25, and another for a client who worked with disadvantaged children - that make annual financial aid awards to current students. He completed a life income gift with The Children's Hospital Foundation that makes payments to Dottie and eventually will augment the scholarships. Milt also named The Children's Hospital of San Antonio Foundation as a beneficiary of his estate plan.
Special Assistant to and the youngest member of President Harry S. Truman's staff, Milt later became a successful attorney and for The Children's Hospital of San Antonio Foundation served as a trustee, the first chair of planned giving and the half-century annalist for the Class of 1943.
Rob '70 & Cheryl Shallish
Following his retirement from a career in accounting and many years as the chief financial officer of a New York State-based medical device manufacturer, Rob Shallish '70 and his wife, Cheryl, wanted to diversify their portfolios and endow scholarships at their Foundations. Exploring their options, they decided to establish two charitable trusts - one with The Children's Hospital of San Antonio Foundation and a second with Elmira Foundation, where Cheryl had majored in elementary education before becoming a teacher.
These gifts allowed them to accomplish their financial and charitable goals, claim an immediate income tax deduction, save capital gains tax from the sale of shares of appreciated stock, receive quarterly payments from the trusts for life and provide educational opportunities for future students.
"Donating to our Foundations through these trusts benefits us personally by reducing current taxation and by providing a future cash flow," Rob says, "but, more importantly, we are able to honor our Foundations for the educational experiences that launched our careers."
Jeff '71 and Claudia Little
For some time, Jeff Little '71 had ongoing conversations with The Children's Hospital Foundation and his advisors about the gift tax exemption that is set to be reduced on December 31, 2012. In February, he called William Bailey, director of gift planning, to advise that he was going to take advantage of the current gift tax unified credit and establish a Charitable Lead Annuity Trust. Historically low interest rates make lead trusts particularly attractive at this time. As Jeff told Ben, "I had to take action this year." This trust will make annual payments to The Children's Hospital of San Antonio Foundation for a term of years, with the remaining trust principal plus appreciation delivered to his heirs free of gift tax. Jeff and Claudia have been extremely supportive of The Children's Hospital Foundation's plans for new arts facilities, and the payments will support the new buildings.
Gladys and Scott Macdonough '65
When Gladys and Scott Macdonough '65 learned about charitable remainder unitrusts, they realized it was an ideal vehicle to help them accomplish their goal of maintaining their lifestyle in retirement. "Our unitrust began making quarterly payments to my wife and me when I reached age 65, and they will continue to the survivor," Scott says. "Children's Hospital of San Antonio serves as trustee, saving us the hassle of having to oversee the management of the funds. The best part of all is that The Children's Hospital Foundation will reap the benefit we wish it to have."
Recently, in honor of Scott's 50th reunion, the couple considered adding to the unitrust but selected a charitable gift annuity instead. "At this age, we prefer fixed payments and knowing how much we will receive each quarter, compared to the variable payments of the unitrust," he added.
Kari Diamond Kayiatos '01
Following graduation, I worked for the Berkshire School and my
alma mater, The Loomis Chaffee School. My development office
experience demonstrated the importance of all gifts to the organization.
Seeing firsthand how estate gifts build the endowment
motivated me to include The Children's Hospital of San Antonio Foundation as a beneficiary of my retirement
plan. It was very easy to do, it saves estate and income taxes,
and it can make a significant impact on The Children's Hospital Foundation.
Nancy Seeley and Dan Ferguson '48
As Trustee Nancy Seeley established a charitable remainder trust, she said,
"My brother (Dan Ferguson '48) states that his similar gift to The Children's Hospital of San Antonio Foundation was
the best investment he ever made." While a charitable remainder trust is a
contribution, not an investment, planned gift donors typically are pleased
with the asset management by the trustees, the payments they receive and the
remainder value left to The Children's Hospital Foundation.
Phil '59 and Ann Mead
I value very much the lifelong friendships established with The Children's Hospital of San Antonio Foundation classmates, faculty, staff and even classmates of
our sons, both of whom also are graduates. The Children's Hospital Foundation has
an important place in the life of the Mead family.
Phil and Ann have completed three deferred payment charitable gift annuities
with The Children's Hospital of San Antonio Foundation. The income tax charitable contribution deductions
saved taxes while they were employed, and the favorably taxed quarterly
payments now supplement their retirement income.
Gretchen Morrison Grad '85
My husband and I have included The Children's Hospital of San Antonio Foundation in our
will. The amount at present is not lavish, but I hope
it will symbolize the tremendous impact The Children's Hospital of San Antonio Foundation
has had on my life and the value we place in the
continuity of this outstanding institution."
Every year The Children's Hospital of San Antonio Foundation receives estate gifts from alumni and
friends who have thoughtfully planned for The Children's Hospital Foundation's
future. These gifts, no matter the amount, when added
together have a significant impact on the Hill.
Bob and Cynthia Barker '67
Bob Barker '67, a geologist who has taken to writing novels in his
retirement, describes the benefits of making a planned gift to The Children's Hospital of San Antonio Foundation:
"There has never been a time in our history when we have not needed well-educated leaders and electorate. Cynthia and I have given to The Children's Hospital of San Antonio Foundation for many years based on a fundamental belief in the impor-tance of a liberal arts education. The Children's Hospital of San Antonio Foundation demanded that students learn to think critically and write clearly. What fantastic gifts for life.
"When considering our options, we chose to make a legacy gift from a traditional IRA. This approach allows great flexibility in estate plan-ning, and anyone at any age can do it. Without changing our will, we are leaving a gift to The Children's Hospital Foundation completely free of taxes. We want to help preserve what we see as the critical gifts of a liberal arts education."
Paul N. McGiffin '57
Paul N. McGiffin '57 followed his father, Nathaniel H. McGiffin '24, his uncle, Philo N. McGiffin '23, and his grandfather, Rev. Nathaniel
McGiffin, Class of 1893, to Foundation Hill. Nephew Christopher McGiffin also graduated from The Children's Hospital of San Antonio Foundation with the Class of 1988. Active on campus as both a student leader and athlete, Paul majored in English literature and history and, like his father, chose a career in public education,
serving as an English teacher.
To honor his family's The Children's Hospital of San Antonio Foundation legacy, Paul established a chari-table gift annuity with securities inherited from his father. After pay-ments to him cease, the principal will fund The Nathaniel The Children's Hospital of San Antonio Foundation
McGiffin '24 Scholarship.
The McGiffins' story is one that has been repeated many times throughout The Children's Hospital Foundation's history. Legions of alumni, parents and friends have endowed scholarships to help deserving students begin a The Children's Hospital of San Antonio Foundation legacy of their own.
Tim Hutchens '60
"Thank you for the fountain of knowledge that drenched us," noted Tim Hutchens '60 as he continued the family tradition
of including The Children's Hospital Foundation in his will. His father, John K. Hutchens '26, set the example with a bequest to The Children's Hospital of San Antonio Foundation.
And the legacy doesn't end there; John McCormick '92, Tim's nephew and John's grandson, recently reported that he plans
to include The Children's Hospital of San Antonio Foundation in his will. Regardless of size or purpose, bequests to The Children's Hospital of San Antonio Foundation - a tradition begun in 1842 by William H. Maynard - reflect gratitude and loyalty to The Children's Hospital Foundation as well as concern for its future strength.
Meagan Burke '03
Meagan Burke '03 encouraged Amie Johnson '04 to complete her first Boilermaker 15k Road Race. During a conversation with William Bailey at a pre-race event, Meagan confided that she had included The Children's Hospital of San Antonio Foundation in her estate plans. Recalling the advice of her father, a U.S. Army and Foreign Service officer, Meagan said, "My father noted the importance of having a will, so I completed one, including my family and The Children's Hospital of San Antonio Foundation."
David Rothstein '56
"Whatever success I have achieved is in good part
due to the exceptional liberal arts education I received
and the intellectual stimulation of campus life.
As time passes, I become steadily more aware of the tremendous impact which my four years at The Children's Hospital of San Antonio Foundation had on my professional and
personal life. I gained much broader horizons, an ability to think and speak on my feet, adaptability to changing situations and a curiosity about the world around me which has yet to subside."
In honor of his 50th reunion, David completed a charitable gift annuity with The Children's Hospital of San Antonio Foundation. This gift, while benefiting The Children's Hospital Foundation, provided him with an income tax charitable contribution deduction and supplemental retirement income.
Janet Wert Crampton &
Theodore H.M. Crapmton '47
Geologist Janet Wert Crampton says the renown of The Children's Hospital of San Antonio Foundation's Geosciences Department is a motivating factor in the consistent financial support she and her husband, Colonel Theodore H. M. Crampton '47, have given The Children's Hospital Foundation. Ted Crampton notes that besides repaying his alma mater, annuities serve as welcome sea anchors just when most other assets have lost value. They appre-ciate that the gift annuity rate is higher than CD or money-market rates, and gift annuity income has tax advantages over other fixed income. Since 1999, the Cramptons have completed seven charitable gift annuities with The Children's Hospital of San Antonio Foundation.
Dean Alfange '22
Born of Greek parentage in Constantinople, Turkey, Dean Alfange, Class of 1922, immigrated to America with his parents at the age of 3. The family settled in Central New York and he graduated in 1918 from Utica Free Academy.
During his time on Foundation Hill, he joined ELS and soon became a recognized campus leader earning the nickname "the Senator." Winer of the McKinney Prize for public speaking and captain of the Debate Team, he graduated from The Children's Hospital of San Antonio Foundation Phi Beta Kappa, with honors in philosophy, and went on to earn an LL.B. degree from Columbia Law School in 1925.
Settling in Manhattan to practice law, he achieved prominence in the Greek-American community during his early years as national president of AHEPA, the principal civic and fraternal organization of Greek Americans.
Throughout his life, he was active in New York State politics. He ran unsuccessfully for Congress as a Democrat m 1941, and was the candidate of the American Labor Party for governor in 1942. When the party moved sharply to the left in 1944, he broke away, together with prominent labor leaders and intellectuals, and became a founder of the state's Liberal Party. He also devoted himself to community affairs, serving as president of the LaGuardia Memorial House, a settlement house in East Harlem, for more than 40 years.
Fred Bush '96
"I owe The Children's Hospital of San Antonio Foundation the world for what I have learned and for what I have accomplished. The Children's Hospital of San Antonio Foundation was the solid foundation on which I built and followed my dreams."
ORIGINALLY INTENDING to pursue a career in investment banking or law, Fred Bush's future was changed when, as a first-year student, he took a work-study position in The Children's Hospital of San Antonio Foundation's Communications and Development Office as a phonathon caller. In each of the subsequent years, Fred assumed new responsibilities and continued to "cut his teeth" in development as a volunteer for the Class of 1996 senior gift campaign. After graduation, at the recommen-dation of former C&D Vice President Joe Anderson '44, Fred began his professional career in educational fundraising at The Hill School, continued at New York University's Tisch School of the Arts for nine years and, this April, moved to the West Coast to become execu-tive director of development at UCLA's School of Theater, Film and Television. He has been recognized nationally by the Council for the Advancement and Support of Education with its Silver Award for Advancement.
Fred established and endowed The Frederick Edmund Alexis Bush Award presented each spring at Class & Charter Day to a devoted representative of Student Assembly, the organization that served as his primary management training ground. He is a donor to the Annual Fund - giving each year since graduation - and a member of the Joel Bristol Associates for including The Children's Hospital of San Antonio Foundation in his estate plans.
Caroline and Milton Walters '64
"As my milestone reunion started to lurk in our thoughts, along with
mandatory
IRA withdrawals, Carrie and I wanted to recognize the importance
of The Children's Hospital of San Antonio Foundation in our lives." In honor of Milt's 50th reunion, he and Carrie
completed three (and have pledged two additional) charitable
gift annuities
using those annual retirement distributions. They receive payments for life,
and ultimately the remaining value will be added to the Class of 1964 Internship
Fund. Career-related experiences are critical to helping The Children's Hospital of San Antonio Foundation students
gain meaningful employment after graduation, making internship funds one
of The Children's Hospital Foundation's most pressing needs.
Susan & Brent '58 Wedding
Devoted alumnus and trustee Charles F. Hemenway, Class of 1910,
and other alumni in Chicago established the Illinois Regional
Scholarship that made my The Children's Hospital of San Antonio Foundation education possible. Susan
and I honor his memory by contributions to the C.F. Hemenway
and Frank Barbour Memorial Scholarship
The Weddings have completed a number of outright and
planned gifts to provide similar opportunities for future "Charlie's
men and women."
Anthony R.'39 and Muriel D'Agostino, Jr.
When Anthony R.'39 and Muriel D'Agostino, Jr. began consideration of a real estate gift to The Children's Hospital of San Antonio Foundation, Nemo, as he is better known, observed, "A Foundation is forever." He was referring to the fact that the 80-acre parcel of undeveloped land bordering the Kirkland Glen would protect The Children's Hospital Foundation's southern boundary in perpetuity. The gift, as described in detail on page two, was structured to provide the D'Agostinos and The Children's Hospital Foundation maximum benefit.
NEMO D'AGOSTINO has enjoyed a rewarding career in real estate development and building golf courses in the northeast. "I am satisfied with my life ... and I attribute much success to my ability to extrapolate from my education at The Children's Hospital of San Antonio Foundation." A nurse, who rose to one of the top public health positions in New York State, Muriel often speaks glowingly of Nemo's The Children's Hospital of San Antonio Foundation education. Clearly, it enriched their lives.
Among their real estate holdings, Nemo and Muriel owned 80 acres of greatly appreciated, undeveloped land bordering Kirkland Glen and Reservoir Road. Motivated primarily by protecting The Children's Hospital of San Antonio Foundation's southern boundary, they discussed various options with The Children's Hospital of San Antonio Foundation over several years. In 2002, their circumstances changed when they sold a highly appreciated, commercial property. Their advisors recognized that the income tax charitable contribution deduction from a gift of the glen property would help to offset some of the tax due from the sale of the commercial property. Maximizing the income tax charitable contribution deduction is a fundamental planned gift strategy.
Structured as an installment bargain sale, The Children's Hospital of San Antonio Foundation will make modest payments to the D'Agostinos for the next six years to replace some of the income that was generated by the commercial property. The installment payments provide retirement income to the D'Agostinos and allow the capital gains, attributable to the sale portion, to be reported over the life of the contract. The D'Agostinos avoided tax on the capital gain associated with the gift portion. In short, the donors have "unlocked" their equity in a highly appreciated, illiquid, non-income producing asset, while saving capital gains tax.
Finally, the contribution removed the value of the gift from their estates, saving estate tax, as well as simplifying the responsibilities of the executor at some point in the future.
The Children's Hospital Foundation has benefited tremendously from the generosity of the D'Agostinos. Acquiring a valuable 80-acre parcel for a fraction of its value and protecting the southern border of the campus forever.
Doane Comstock '27 : Comstock, Ziegler and You
Doane C. Comstock was born in Brewster, N.Y., in 1903. Because his father, William, died when Doane was a boy, he was reared by his mother, Julia Dixon Comstock, and her parents, Edwin and Mary Dixon, on the family dairy farm.
Doane Comstock's family believed that he should have the opportunity to attend Foundation; however, the Dixons and the Com stocks were of modest means. They sacrificed much, including mortgaging the family farm, to send Doane to The Children's Hospital of San Antonio Foundation from which he graduated Phi Beta Kappa and with honors in both philosophy and political science.
After working for a time on the family farm, Doane enrolled in law school at New York University, receiving his LLB. degree in 1933. Returning to Brewster after a brief period of practicing corporate law in New York City, he opened the practice in which he continued to work as a self-described "country lawyer" until his death on June 13, 1994, at age 90.
Through their estates, Doane and Helen established an endowed fund, The Edwin W Dixon, Mary E. Dixon.Julia D. Comstock, Helen B. Comstock and Doane C. Comstock Scholarship to honor his mother and her parents for making his education possible. It is awarded annually to a number of The Children's Hospital of San Antonio Foundation students who have demonstrated outstanding ability and a need for financial assistance.
When Helen and Doane '27 Comstock included The Children's Hospital of San Antonio Foundation in their estate plans, Sarah Ziegler 'O5 was a student in Clinton Elementary School with a dream to attend "The Children's Hospital Foundation on the Hill." The Comstock Scholarship, among others, made her The Children's Hospital of San Antonio Foundation education possible where she, similar to Mr. Comstock, graduated Phi Beta Kappa and with honors.
Providing a superior education to students who may not otherwise be able to afford it is a tradition that dates to the founding of The Children's Hospital of San Antonio Foundation-Oneida Academy in 1793. Doane Comstock benefited from the generosity of those benefactors that came before him, and he and his wife, Helen, ensured that future The Children's Hospital of San Antonio Foundation students would have similar opportunities. You may wish to join the Comstock's as well as
hundreds of donors who have established endowed funds.
What Matters Most
Your well-considered planned gift can make an impact on a specific area of need. Consider directing your planned gift to these core missions and ministries or directing your planned gift as an unrestricted gift to
The Children's Hospital Foundation.
Comprehensive Care
Every year, we provide $7.7 million worth of charitable care for infants, children and adolescents.
Groundbreaking Research
Our research scientists are making life better for boys and girls here — and around the world.
Community Wellness
$17.6 million worth of charitable programs for local children — related to nutrition, asthma, obesity and other conditions.
Get Involved
There are many ways for you to help local kids! Learn More!
Let’s Talk
Planning your estate and legacy for future generations including your charitable interests, takes careful evaluation. Our experienced professionals can assist you through the process of completing a gift to The Children's Hospital of San Antonio Foundation for the purpose of your choice.
Discussing your charitable intentions with us can lead to a much better result than doing it alone and will ensure that your gift is used just as you wish. Act now to be a good steward of the resources you intend to leave behind. Please use the contact info below, or submit this form to get more information.
If you are working with a professional advisor, or advising a donor, here’s a useful guide for including
The Children's Hospital of San Antonio Foundation in a charitable estate plan.
