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Help
2.0 How You Can Help L1a
There are many ways you can help Children‟s. They‟re all explained here. You‟ll also find
all the contact information and online forms and applications you need to get started.
Make a Gift to Children‟s
Make a single or recurring gift, sponsor someone who’s already fundraising for the hospital, give
in honor or memory of a person or occasion, purchase favors for a special occasion (a wedding, a
birthday), give stock, or let us help you plan a major gift.
Fundraise for Children‟s
Our annual Miles for Miracle Walk and other sports events, auctions, radiothons, and gala get-
togethers are especially fun ways to get to know Children’s and our lively community of
supporters. If you want to host a fundraiser of your own, you can send us an application or apply
right here online.
Plan a Gift or Bequest
Planning a gift well ahead of time can bring great financial rewards to you and your family—as
well as Children’s. Whether you’re thinking about a bequest, annuities, or setting up a trust, our
planned giving expert will help you make just the right choice.
Volunteer Your Time
We can always use more help keeping Children’s a famously warm and friendly place for sick
kids and their families. Our many volunteers do everything from playing with children at their
bedsides and comforting families, to answering telephones, knitting afghans and organizing
picture book drives.
Give Blood and Platelets
Give pints for half-pints! Children being treated for cancer, premature infants, and children having
heart surgery need blood and platelets from donors of all types. A single donation can help as
many as three children. It only takes about half an hour and could save a child’s life.
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2.1.0 Make a Gift to Children's L2a
Now it‟s easier than ever to make a gift to Children‟s. Our online application (see the
“Make a Gift Now!” link at the top left of every page) and other donation methods are
convenient—and totally secure.
Make a Single or Recurring Gift
Make single gifts to Children’s whenever you can, or set up a monthly donation that fits your
budget. Either way, it’s safe and easy to do—by phone, mail or online.
Sponsor a Children‟s Fundraiser
Children’s fundraisers walking Miles for Miracles or running the Boston Marathon or Falmouth
Road Race need your support—and cheerleading!
Give in Honor or Memory of a Person or Occasion
Give your gift even more meaning by dedicating it to someone you love or to an occasion you
want to associate with Children’s.
Purchase Special Occasion Favors
At your next special occasion—a wedding, a birthday, a Bar Mitzvah--our elegant place cards and
scrolls will let your guests know how you feel about Children’s and maybe inspire them to support
us too.
Make a Gift of Stocks
Giving stock to Children’s can be a smart financial move that also helps children. It’s easy to do--
just transfer shares from a brokerage account or send us stock certificates.
Let Us Help You Plan a Major Gift
Major gifts launch and drive major campaigns and initiatives at Children’s—urgently needed
capital projects, groundbreaking research programs, new patient care centers and community
outreach projects.
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2.1.1 Make a Single or Recurring Gift L3a
Make a single gift any time, in any amount. Or give monthly gifts automatically from a
bank account, for as long as you‟d like.
Single gifts
Give any amount
Give where your gift is needed most or to one of our high-priority programs
Name someone you want to honor or recognize with your gift
Take advantage of your employer’s matching gift program (if available)
Give online, by phone or by mail
Make a single gift online >>
Recurring gifts
All the same giving options as Single Gifts (see above)
Decide how much you want to give each month
Change your monthly gift amount or call us to cancel your recurring gift at any time
Make a Recurring Gift Online >>
Make either kind of gift by phone or mail
Phone: 617-355-6890
Mail: Children's Hospital Trust, One Autumn Street, Boston, MA 02215-5301
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2.1.2 Sponsor a Children's Fundraiser L3a
Sponsoring a fundraiser is a great way to support Children‟s and also be part of a fun,
historic event—the Boston Marathon, Falmouth Road Race, or our own Miles for Miracles
Walk.
Sponsor a Children‟s fundraiser in two easy steps
1. Click on the “Find a Children’s Fundraiser” link at the bottom of this page to search for a
runner or walker you’d like to support.
2. Once you find someone, you’ll be taken to their personal fundraising page, where you
can donate online—quickly and securely.
A status bar on your fundraiser’s page tracks their fundraising progress, so you might find
yourself returning often to check it out, rooting for their total dollar amount, even encouraging
friends and family to support them too.
We’ve found that many sponsors get so caught up in the spirit of the events they end up taking
part themselves, either joining our miraculous walk or cheerleading along a race route in Boston
or Cape Cod.
To learn more about these sporty sponsorship opportunities, visit our Events area or click on a
Feature to the right.
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FEATURED EVENTS
Sponsor a Miles for Miracles walker!
[text]
FEATURED EVENT
Sponsor a Kids at Heart runner!
[text]
FEATURED EVENT
Sponsor a Falmouth Road Race runner!
[text]
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2.1.3 Give in Honor or Memory of a Person or Occasion L3a
Sometimes you‟re sure someone you love would appreciate your giving to Children‟s.
You want to honor or remember them, or make Children‟s part of an occasion that‟s
special for both of you.
Now you can do all of that right here online! Click on Make a Gift Now and dedicate your gift in
someone’s memory, or honor, or to an occasion. You’ll then be asked if you want us to send
someone a card that says you were thinking about them—and all the wonderful things Children’s
Hospital Boston does for kids.
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2.1.4 Purchase Special Occasion Favors L3a
At your next special occasion, or any magical milestone in your life, why not include
Children‟s—and let your guests know that you support us--by making a donation in their
honor.
We offer table cards and scroll/gift cards. You’ll find information on how to order at the bottom of
this page.
Table cards
Ivory 3.5 x 2 cards
Use as nameplates at your next special occasion
Inscription inside: (top) “A gift has been made in your honor to Children’s Hospital
Boston”; (bottom) “Table Number,” with blank space for number
Front of card provides decorative space to include guest’s name
$20 minimum donation per pack of 10
[insert thumbnail image of table card linked to larger pop-up of same image]
[caption] click to see larger image
Scrolls/Gift cards
Ivory 5x 7 cards
Display flat at each place setting or roll and use as scroll tied with ribbon (not supplied)
Inscription on front: “A gift has been made in your honor to Children’s Hospital Boston”
$20 minimum donation per pack of 10
[insert thumbnail image of table card linked to larger pop-up of same image]
[caption] click to see larger image
How to order
Download order form (Acrobat PDF)
or
Contact Sarah Keblin at sarah.keblin@chtrust.org or (617) 355.6890 to request a
brochure with all the above information and an order form.
Shipping time
We’ll mail your special occasion favors within 3 weeks after we receive your order.
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2.1.5 Make a Gift of Stocks L3a
By donating stock that has increased in value, you can avoid capital-gains tax and get a
charitable income tax deduction based on the stock‟s fair market value.
Either transfer your shares from a brokerage account to the hospital’s account or send us stock
certificates with a cover note and (under separate cover) a signed stock power.
Transfer shares from a brokerage account
If the shares are in a brokerage account, ask your broker to transfer them to the hospital’s
account at UBS Financial Services. He or she will need the following information:
UBS Financial Services, DTC #0221
Credit Children’s Medical Center
Account #JJ-65810-63
Attn: Wayne Davis or Michele Mold
Telephone: (617) 261-1167 or (800) 882-2080 ext. 1167
Email: michele.mold@ubs.com
If you decide to use this method, please tell Francine Roller at the Children’s Hospital Trust.
Here’s her contact information:
Phone: (617) 355-8868.
Fax: (617) 355-6530
E-mail: francine.roller@chtrust.org
Send certificates
If your securities are in certificate form, please send them (with a note about gifting)—
unendorsed—to the attention of:
Michele Mold
UBS Financial Services
th
100 Federal Street, 27 Floor
Boston, MA 02110
Also, in a separate mailing, please send a signed stock power to Ms. Mold’s attention. Here’s a
stock power form you can download, for your convenience:
Download stock form (PDF)
For answers to questions about stock transfers, please call Francine Roller at the Children’s
Hospital Trust, (617) 355-8868.
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[S. Kelly review due 1/14]
2.1.6 Let Us Help You Plan a Major Gift L3a
As a major donor, your rewards go well beyond knowing you‟ve made a big difference in
the lives of many children. You‟ll also have unique opportunities to work closely and
creatively with some of the best minds in pediatric medicine.
Major gifts, major impacts
Major gifts take important new research from the laboratory to the bedside where it can actually
begin helping sick and injured kids. They allow us to develop unique new services for our young
patients and their families, help many more kids in Boston’s inner-city, fund critically important
building renovation and new construction projects.
Naming opportunities
With major gifts come historic opportunities to name funds, endowed chairs, facilities and a wide
variety of rooms at the hospital. Some examples:
Named fund: $25,000
Endowed fund: $50K,000
CICU Nursing Mother’s Room: $75,000
M/S ICU Patient Nourishment Area: $100,000
Cardiac, conference room: $250,000
Surgery, Operating Room: $500,000
M/S ICU Patient Family Lounge: $1,000,000
Endowed Chair $2.5M
Major giving societies
Children’s Heroes have made gifts of $1 million or more to our Cause for Wonder campaign, now
in its final year. We thank them profusely, with unique naming opportunities, special invitations
to high-level hospital events, and other public and private recognition where appropriate.
All major gifts also include membership in Children’s Circle of Care, a national philanthropic
community with numerous special events and recognition venues of its own.
To talk with us about planning a major gift to Children’s, please contact Lynn Susman, Senior
Director, Campaign and Major Gifts. Telephone: (617) 355. 5344. E-mail:
Lynn.Susman@chtrust.org.
[SIDEBAR LINKS]
Children’s Heroes
[text]
[link to 1.4.0 – Children’s Heroes]
Circles of Leadership
[text]
[link to 1.4.x – Circles of Leadership]
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2.1.6.confirm Let Us Help You Plan a Major Gift: Contact Confirm
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2.2.0 Fundraise for Children's L2a
Take your own affection for Children‟s and multiply it by the power of your friends and
family. We call it “fun-raising.” The results will amaze you!
Host an Event
Put on a fundraising event for Children’s—something as simple as a bake sale or dinner party or
as energetic as a golf tournament. You’ll be rewarded with a lot of fun, connections to people you
wouldn’t otherwise meet, and the satisfaction of knowing you’re helping Children’s help kids.
Participate in an Event
Events are the heart and soul of most fundraising for Children’s. Come join us! Have fun and help
kids at the same time. Even if you can’t attend an event, you can still support it many other ways.
Create a Personal Fundraising Page
Now you can fundraise for a Children’s event with a Web page you create and host with us. You
can write your own appeal, ask your supporters to donate online, then track your fundraising
progress. It’s easy to do!
[FEATURE]
[See Testimonials in “Fun raising” brochure]
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2.2.1.0 Host an Event L3a
Hosting an event can be a lot of fun, especially if you do it with friends or family and take
the time to plan ahead. We can help you in all kinds of ways.
Here’s what to do:
1. Apply online or download an application. Your application will help us learn how your
event will help Children’s--and how we can help you. Submit it at least 4-6 weeks before
your event. We’ll contact you within a week of receiving it. Once we approve it, we’ll
send you an endorsement letter and packet of fundraising tips.
2. The more the merrier: Don’t try to host an event alone! Get friends to help and you’ll
come up with more creative ideas, have more fun, raise more for Children’s.
3. Count the beans: Identify all your expenses, potential sources of income, and total
fundraising goal.
4. Make a list, check it twice: Who will support the kind of event you’re hosting? Figure out
who they are, how you’re going to invite them, whether they’ll be available when you
need them.
5. Send invitations, do publicity: Much of your success depends on how smart and
thorough you are about inviting people and spreading the word about your event. Be sure
to leave enough time to get this part right!
6. Ta-da! Host the event--and don’t forget to enjoy yourself!
7. Take a bow: Collect the funds you raised, forward them to Children’s
8. Thank your friends and supporters: keep the giving going.
Questions about hosting an event? Call (617) 355-6890 or e-mail us at info@chtrust.org.
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2.2.1.confirm Host an Event: Contact Confirm Confirm
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2.2.1.1 Host an Event: Application Registration Unique
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2.2.1.1.confirm Host an Event: Application Download Confirm
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2.2.1.2a Host an Event: Apply Online: Step 1 Unique
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2.2.1.2b Host an Event: Apply Online: Step 2 Unique
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popup: Legal Legal Information popup
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2.2.1.2c Host an Event: Apply Online: Step 3 Unique
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2.2.1.2.confirm Host an Event: Apply Online: Confirm Confirm
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2.2.1.2.save Host an Event: Apply Online: Save Application Confirm
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2.2.2 Participate in an Event L3a
Walk “Miles for Miracles” along the banks of the Charles, attend a lively dinner dance and
auction, join the fun at a radiothon or telethon, go public with your golf handicap at one of
our festive tournaments.
Many ways to participate
Even if you can’t make it to an event, you can help make it a success in other ways—by
sponsoring a participant, or helping with publicity, or donating to the event right here online
You’ll find a long Calendar of Events in the Events section of this site. Each listing has information
on how you can join the fun. We host or co-host some of them—mostly the bigger ones. Others
are hosted by devoted Children’s supporters who create and host their own, with our approval.
All are highly rewarding opportunities to give back to Children’s and connect with our lively
community of support at the same time.
COME JOIN US!
Walk Miles for Miracles – June 18, 2005
[text]
Sponsor a Marathon Runner
[text]
Play in the Children’s Hospital Golf Tournament
[text]
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2.2.3.0 Create a Personal Fundraising Page L3a
Create a personal fundraising page with our „wizard‟—just click on the link at the bottom
of this page). When you‟re done you‟ll be all set to fundraise, easily and securely, from a
good-looking Web page.
When you create your page, you can…
Name it in memory or honor of someone
List it (or not) in a searchable database of other Children’s personal fundraising pages
Set your own fundraising goal
Post an image (yours or ours) with your own caption
Write an appeal that will appear on your page
Write a thank-you note that will be sent to anyone who makes an online gift from your
page
Give your page a name that will appear at the end of its Web address
Once your page is published, you can…
Track your fundraising progress by monitoring a status bar
See who has made a gift to your campaign, how much they gave and any message they
left for you
Revise the text of your appeal or thank-you note
CREATE YOUR PAGE NOW >>
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2.2.3.1a Create a Personal Fundraising Page: Step 1 Unique
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2.2.3.1b Create a Personal Fundraising Page: Step 2 Unique
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2.2.3.1.confirm Create a Personal Fundraising Page: Confirm
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2.2.4 Fundraise at Work L3a
[DELETED]
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[L. Cahalane review due 1/14]
2.3.0 Plan a Gift or Bequest L2a
A planned gift or bequest to Children’s can work financial wonders for you and your loved ones--
saving you taxes, increasing your spendable income, preserving your assets, even allowing you
to use the gift during your lifetime.
Outright gifts
From the simplest cash donation to appreciated securities or real estate, outright gifts to
Children’s can help us address our most urgent needs in patient care, research, teaching or
community programs.
Bequests
Bequests are gifts made from your estate, after your death, according to provisions in your will.
They are the most common planned gift and over the years have helped Children’s construct
many new facilities, advance medical research and care for critically ill and injured kids.
Annuities
With a gift annuity, you can transfer assets to Children’s Hospital, which then pays a fixed dollar
amount to you and/or a loved one for life. On the death of your last beneficiary, the funds are
available for Children’s use. You benefit from increased cash flow and avoiding or deferring
capital gain taxes.
Trusts
The various living trusts we recommend can help Children’s in many different ways. Depending
on which type you choose, you and your family can benefit from increased cash flow, favorable
capital gains tax treatment, charitable income tax deductions or little or no estate tax.
Qualified retirement plans
Your Individual Retirement Account (IRA) or other retirement plans—401(k)s, profit-sharing and
money purchase plans—may qualify as planned gifts if you name Children's a beneficiary of
assets after your lifetime.
Life insurance policies
Whether you donate an older life insurance policy you no longer need or take out a new one,
giving life insurance to Children’s is a unique way to help kids while also giving providing
substantial tax benefits to yourself, your family and your heirs.
Abigail Loring Society
Donors who notify us that they have included Children’s in their estate plans automatically
become members of the Abigail Loring Society—named after an early Children’s supporter us
who remembered us in her will.
For financial planners
If you’re advising someone considering a planned gift or bequest to Children’s, we’ll be delighted
to work closely with you to make sure they meet their every goal.
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2.3.1 Outright gifts L3a
An outright gift gives you the satisfaction of immediately showing your support for Children’s. In
addition, if you own appreciated property and transfer it to the hospital instead of selling it and
using the cash for your gift, you will receive an income tax deduction, avoid capital gains tax, and
reduce federal estate tax.
Cumulative cash gifts to charitable organizations are deductible up to 50 percent of your adjusted
gross income, with a five year carry-over for any excess. Cumulative gifts of appreciated
securities or real estate are deductible up to 30 percent of adjusted gross income, with a five-year
carry-over for any excess.
Example
Thelma Jefferson* held 1,000 shares of stock she had purchased 30 years ago at $12 per share
for a total investment of $12,000. Today it is worth $100 per share for a total of $100,000. Mrs.
Jefferson decided to make a gift of her appreciated securities to Children’s in honor of a surgeon
who had treated her son many years ago.
She has:
Made a gift to the department of surgery at Children’s
Qualified to receive an immediate $100,000 federal charitable income tax deduction
Avoided a $13,200 federal capital gains tax
Removed 100,000 from her taxable estate
*This donor’s name has been changed to protect her anonymity.
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2.3.2 Bequests L3a
Since Abigail Loring’s first bequest in 1869, bequests have been crucial to Children’s long-term
financial health.
When you make a bequest, please remember to include the legal name of the hospital, as well as
language that makes it possible to direct your gift according to your wishes. The following legal
designation should be used to incorporate a gift to Children’s:
Children‟s Medical Center, Inc., a Massachusetts charitable corporation, located at
300 Longwood Avenue, Boston, Massachusetts.
Please keep in mind that since the specific hospital program you designate can evolve, become
inactive or non-existent over time, the following language should be included in a restricted
bequest in your estate plans:
This designation represents a preferred use for these funds and is not an absolute
restriction. Should the purpose for which this gift is intended cease to be effective or
practicable at the time the funds are transferred, the Board is authorized to use this
gift in an alternative way consistent with the general intent of this designation.
Please note that it’s not necessary to rewrite your entire will to name an additional beneficiary. A
simple codicil can add a gift while leaving the rest of the will unchanged. However, it pays to
update your will periodically. Your personal circumstances may change, you may have children
or grandchildren or your net worth may grow. Without proper planning, your intentions may not
be clear and your heirs may lose more money to taxes than you anticipated.
Example
For years, John and Mary Nichols* relied on Children’s Hospital Boston to provide the best
pediatric care when their four children needed it. Though they don’t consider themselves wealthy,
with all their combined assets including their home, the Nichols recognize that taxes will take a
toll on their estate. They have included Children’s in their will, eager to “give something back” and
to help ensure that an invaluable health care resource remains for their seven grandchildren. By
providing for Children’s in their will, the Nichols:
Keep their assets available when needed
Remove the value of their bequest from their taxable estate
Express their gratitude to Children’s Hospital Boston
* These donors names have been changed to protect their anonymity.
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2.3.3 Annuities L3a
Gift annuities are particularly attractive if you have high-appreciating, low-yielding assets and
want to increase the cash flow from your investments and avoid or defer capital gains taxes. A
portion of your gains in assets transferred to establish a charitable gift annuity (CGA) will
permanently avoid capital gains taxes. The remainder of the gain can be realized over your life
expectancy.
Children's Hospital offers two kinds of charitable gift annuities: immediate payment gift annuities
and flexible deferred gift annuities.
Immediate payment gift annuity
The immediate payment gift annuity enables lifetime payments to begin right away. Flexible
deferred gift annuities allow you to defer payments for at least one year after the annuity is
established, after which payments continue for life.
Because a portion of your gift annuity will be used for charitable purposes, you are entitled to an
income tax deduction in the year of your gift. In addition, for a period of time, a portion of each
payment may be free of income tax, or taxed at capital gain tax rates that are lower than tax rates
on other income. The amount used to fund your gift annuity may also be free of estate and gift
taxes. You’ll enjoy the benefits today for a gift you might otherwise have planned to make in the
future.
Flexible deferred gift annuity
Flexible deferred gift annuities enable you to defer your payments for at least one year after the
annuity is established, after which payments continue for life. However, you receive an
immediate income tax deduction for your gift. This can be advantageous if you don't need
income right away, but want to offset high earnings, a bonus or a large capital gain with a current
income tax deduction. The amount of your deferred gift annuity payment will be based on the
value of your gift, your age at the time payments begin, and the number of years you wait to
receive payments. Up to 30 days prior to the selected start date, you may elect to further defer
the start of payments. While no additional charitable deduction is permitted, the amount of the
annuity payment will be recalculated based on the deferral period. Additionally, payments may be
commuted to provide larger payments over a specified number of years rather than your lifetime.
Example
Ben and Sheila Rowland* met Louis Diamond, MD, a renowned hematologist at Children’s
Hospital Boston, when their baby was born with erythroblastosis, a result of Rh incompatibility.
Tragically, the Rowland’s baby did not survive, but Dr. Diamond saved Sheila’s health and helped
the couple adopt two children. Dr. Diamond went on to be the first to perfect a blood transfusion
procedure to treat Rh negative babies. The Rowlands decided to honor his memory by
establishing a $100,000 gift annuity, funded with appreciated securities. They receive an annual
annuity of $7,000, based on their combined-age annuity rate of 7% percent. A portion is tax free
and a portion is reportable as tax-favored capital gain income. The balance of their annuity
income is taxed as ordinary income. If they outlive their actuarial life expectancy, the entire
annuity is treated as ordinary income.
They have:
Increased their annual income from this asset
Reduced and deferred capital gains taxes
Received an immediate federal income tax deduction of approximately $41,000
Supported Children’s Hospital Boston
*These donors names have been changed to protect their anonymity.
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2.3.4 Trusts L3a
We recommend two basic kinds of living trusts: charitable remainder trusts and charitable lead
trusts.
Charitable remainder trusts
Charitable remainder trust (CRT) provide you with:
Regular, often increased, cash flow
Favorable capital gains tax treatment on the appreciated assets you used to fund the trust
A current charitable income tax deduction
Estate tax savings
A charitable remainder trust allows you to transfer assets into an individually structured trust that
will provide you and/or your beneficiaries with payments for life or a term of years. The pay-out
rate is determined jointly by you and Children’s Hospital. Appreciated assets that you donate to a
CRT can be sold without capital gains tax, so the entire sale’s proceeds can be reinvested for the
trust’s benefit. So it can be highly beneficial to donate appreciated assets such as securities, real
estate or collectibles (artwork, antiques, etc.) to a CRT. There are two types of CRTs:
A Charitable Remainder Annuity Trust (CRAT) pays the named beneficiaries a fixed dollar
amount of not less than 5% of the trust’s initial value. This offers the security of a fixed pay-
out over time. Once the annual payment is specified, it cannot vary during the life of the trust.
No additional contributions can be made to an annuity trust after the initial contribution. A
CRAT is best if you are looking for stable income.
A Charitable Remainder Unitrust (CRUT) can be funded with cash, marketable securities,
closely held stock, real estate or collectibles. Special provisions can be built into unitrusts to
accommodate assets that are not readily marketable. This trust vehicle suits you if you are
looking for growth in both distributions and the remainder market value. It creates a win/win
scenario—as the market value grows, all the beneficiaries benefit. You can add to a unitrust
at any time, and, if you do not need income right away, you can structure your unitrust to
grow tax-free, paying you little or no income until a later date when you want to maximize
your income from the trust.
Example
Mary Tighe*, a lawyer in Connecticut, wants to support the work begun by John Shillito, MD, a
neurosurgeon who saved her daughter’s life 20 years ago. Ms. Tighe established a CRAT with
real estate she had purchased in the early 1970s for $50,000. The real estate, now valued at
over $1 million, will not be taxed at current capital gain rates when transferred into the trust and
sold as a trust asset. The entire sale’s proceeds can be reinvested for the trust’s benefit. Ms.
Tighe named herself as income beneficiary and Children’s as the irrevocable remainder
beneficiary. In addition to the satisfaction Ms. Tighe gets from supporting the fund established in
Dr. Shillito’s honor, her benefits include:
An annual payout of 6% of the trust’s value
Diversified assets
A significant charitable income tax deduction based on her federal income tax bracket
Removal of $1 million in assets from estate tax liability
*This donor’s name has been changed to protect her anonymity.
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 33
Charitable lead trusts
Charitable lead trusts provide current support to Children’s Hospital Boston and subsequently
transfer significant assets to your family members with little or no gift or estate tax. You can
specify the amount of income to be paid from the trust, name the beneficiaries, and indicate the
length of time—either a certain number of years or your life time. At the close of the trust, the
remaining assets are returned to you or distributed to the beneficiaries you have named.
Unlike a charitable remainder trust, a charitable lead trust does not have a 5% minimum annual
distribution. The level of payout will have a direct impact on the amount Children's Hospital and
the remainder beneficiaries receive. Choosing a funding asset is also an important consideration.
A lead trust must pay taxes on ordinary income and capital gains. However, you receive a
federal estate tax deduction equal to the estimated value of the annual trust payments to the
hospital. Typically, most of the income and gains can be offset by this deduction. Any
appreciation in assets during the trust’s term is not subject to additional estate tax. As a result,
you are often able to pass on to your heirs a larger estate after tax than otherwise would be
possible.
Example
Joe Chapel*, a successful stockbroker interested in the research of Dr. Judah Folkman,
angiogenesis pioneer, owns stock currently valued at $1 million, for which he paid $500,000. Mr.
Marsh transfers the stock to a 7% charitable lead annuity trust, naming Children’s as the
beneficiary for ten years. At the end of the trust term Mr. Marsh’s daughter will receive the assets
remaining in the trust, resulting in a taxable gift of $437,850 ($1 million less $562,150). Because
Mr. Marsh has made no prior taxable gifts, the gift to his daughter would be sheltered under Mr.
Marsh’s unified credit. Assuming a 8% annual return during the trust term, the trust:
Received $1,144,000 for the daughter, passed at a lower cost than if the money had been
held and taxed in his estate
Donated $700,000 to Children’s to support Dr. Folkman’s pioneering work
Gained a reduction or possible elimination of estate and gift taxes on the gifted property
*This donor’s name has been changed to protect his anonymity.
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 34
2.3.5 Qualified retirement plans L3a
Many advisors believe that qualified retirement plans are the smartest assets to leave to charity,
because they would be taxed more heavily than other assets in your estate if left to heirs. These
assets would not only be subject to estate tax at your death, but also to income tax when
distributed to your heirs. The combined taxes may leave little for your heirs to enjoy. Both taxes
would be avoided if Children’s Hospital were named beneficiary, making 100% of plan assets
available to Children’s. Since tax laws involving retirement plans are extremely complex, it’s
important to review these plans with your advisors.
Example
Sam Cherwin’s* estate plan divides his estate between his son Jared, a former Children’s patient,
and Children’s Hospital Boston. Among his assets, Mr. Cherwin has an Individual Retirement
Account (IRA) worth $300,000. He named Children’s the beneficiary of the IRA, leaving his other
assets to his son. Jared is in the 33 percent tax bracket and if Mr Cherwin were to pass his IRA
outright to him, the amount remaining after income taxes would be reduced by one-third to
$200,000. If Jared were to take the minimum distributions from the IRA, they would be subject to
income taxes when he received them. However, as a tax exempt organization, Children’s will not
be subject to income taxes on the IRA distributions. With this gift, Mr. Cherwin has:
Avoided estate tax and income tax on his IRA
Given 100% of his IRA assets to Children’s Hospital Boston
*This donor’s name has been changed to protect his anonymity.
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 35
2.3.6 Life insurance policies L3a
One way to pump up the “life” quotient of life insurance is to donate your life insurance policy to
charity. You can name Children's Hospital as the beneficiary of your whole life policy, then assign
irrevocable ownership to Children’s. For a cash value policy, you’ll receive a federal income tax
deduction, and if the policy is completely paid, you’ll receive a gift credit for the policy’s cash
value.
For a term policy, your deduction would be for the unused portion of the premium paid. If the
policy isn’t completely paid, you may choose to keep the policy in effect by continuing to pay
annual premiums, and you may give an annual gift to the hospital to pay your premiums.
Children’s will make the payments and your annual gift will be fully deductible as a charitable
contribution.
Or you may prefer to make a gift to Children’s through your estate. Name Children’s as the
ultimate beneficiary on your insurance policy, and the proceeds will be distributed to the hospital,
bypassing the probate process. The value of the gift to Children’s is considered a tax deduction
for your estate.
Whether you donate an older policy you no longer need or take out a new policy, life insurance is
a unique way to translate relatively modest annual payments into a sizeable charitable gift.
Example
David Khoury* admires Children’s leadership in treating childhood leukemia. He named
Children’s Department of Hematology/Oncology the beneficiary of two of his existing life
insurance policies, totaling $1million. Every year, he donates sufficient funds to the hospital to
pay the annual premiums. With this careful planning, he guarantees that the hospital will receive
a sizable donation when he passes away. He often further leverages his gift by donating
appreciated securities to pay his premiums. In doing so, Mr. Khoury:
Receives an income tax deduction for the gift
Avoids capital gains taxes
Makes a significant gift to Children’s fight against cancer
*This donor’s name has been changed to protect his anonymity.
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 36
2.3.7 Abigail Loring Society L3a
Planned gifts that could qualify you for membership in the society include bequests,
charitable trusts, gift annuities, life insurance or pooled income funds.
Members of the Abigail Loring Society receive the following benefits:
Invitations to special Children's Hospital Boston programs
Name listed in Children's Hospital Annual Report
Name listed on the Abigail Loring Society plaque in the hospital lobby
Subscription to the Abigail Loring Society newsletter with information and news about
how to plan gifts to Children's
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 37
2.3.8 For Financial Planners L3a
Thank you for helping your clients make planned gifts and bequests to Children’s Hospital
Boston. Your expertise could play a key role in the long-range success of one of the top pediatric
hospitals in the world.
Please let us help you any way we can. Our gift planners have many years’ experience working
confidentially with financial planners helping clients meet specific financial goals. They fully
understand and can explain the benefits and consequences of the many different kinds of
planned giving.
Bequest language
If you’re helping a client make a bequest, please include the following language:
I give (___dollars/___percentage or all of the residue of my estate) for the benefit of
Children’s Medical Center, Inc., a Massachusetts charitable corporation at
300 Longwood Avenue, Boston, Massachusetts.
No inquiry is too preliminary! Please contact Laureen Cahalane, Director of Planned Giving,
Children’s Hospital Boston, 1 Autumn Street, Boston, MA 02215-5301. Phone: (617) 355-8062.
E-mail: lcahalane@chtrust.org.
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 38
2.3.x.confirm Plan a Gift or Bequest: Contact Confirm Confirm
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 39
2.4 Volunteer Your Time L2c
Over 800 individuals volunteer at Children's every year-- and we continue to grow! Our Volunteer
Services Department coordinates the many vital things volunteers do to help patients, patient
families and hospital staff.
Requirements for volunteers
You must have a CORI check before starting. Processing time for this is 2-4 weeks after
acceptance into the program.
You must be age 16 or over
You will be asked to volunteer for a minimum of 4 hours per week for one year
Most new openings are weekdays, before 5 PM
It usually takes about 2 months for us to process your application
Volunteers are allowed to play with children or to complete tasks that are non-medical.
Patient privacy and confidentiality are respected and individual illnesses are not
discussed.
Getting started
Contact the Volunteer Services Department at (617) 355-7885 and ask for an application
packet.
Complete and return the application.
Set up an interview with volunteer staff.
Attend a three-hour orientation and a two-hour training session.
Health requirements
A current Tuberculosis test provided by the hospital, free of charge.
Proof of two measles, mumps and rubella vaccines or titre, or the hospital will provide
free of charge.
For more information
If you want to know more about our program, please contact us at 617-355-7885 or e-mail us at
volunteer@childrens.harvard.edu
>> Volunteer opportunities
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 40
2.4.1 Volunteer Opportunities ?
The following volunteer opportunities are usually available. Children, families and staff would
love to have you help!
In patient care areas
Play with children and siblings at bedsides or in play areas
Provide support for their families
Provide clerical support at reception areas
In offices and departments
Answer phones
Provide word-processing
Assemble kits and packets
File, copy and collate
Enter data
In main lobby or at registration desks
Greet and talk to families and patients
Answer phones
Give directions to families and visitors, answer questions
Distribute information
Escort families and patients to Operating Room
Escort patients when they’re discharged
Ambulatory care areas
Play with patients and their siblings in clinic waiting areas
Provide clerical support in reception areas
Play with children during parent/patient support groups
Emergency department
Play with patients and siblings in emergency department waiting areas
Read to children in treatment rooms
Pawprints dog visitation program
Pawprints is the Children's Hospital Boston therapy dog visitation program. Its goal is to
provide hospitalized children and their families with a healthy diversion from the usual
hospital routine and an opportunity for social interaction.
To learn more about the Pawprints Dog Visitation Program, please go to
www.childrenshospital.org/pawprints
Reach Out and Read (ROR)
Read aloud to children in the waiting room of the ambulatory care center and emergency
room
Demonstrate appropriate reading techniques to parents
Distribute early literacy information to families
For information call 617-355-4690, or email reachoutandread@tch.harvard.edu
[RELATED LINK]
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 41
Special Projects
Make afghans, baby booties, children's mittens/hats and dolls for patients and children in
ambulatory programs
Organize picture book drives for Reach Out and Read Program and the Emergency
Department
Organize magazine drives for clinic waiting areas, Admitting and the Emergency
Department
Martha Eliot Health Center in Jamaica Plain
Play with children in the waiting areas (Spanish fluency very helpful!)
Provide clerical support at reception desks
bd33e5e7-fb45-4eab-b9f9-d51d684159ef.doc, p. 42
2.5 Donate Blood and Platelets L2c
Our young patients need you! A single whole blood donation can help as many as three
children. There‟s no easier way to save a child‟s life!
Donating whole blood
A whole blood donation only takes about thirty minutes. We then separate your blood into its
components: red blood cells, platelets and plasma. This enables us to help more children by
giving each child only the specific blood product they need.
Donating pheresis platelets
If you want to do more, and can spare 90 minutes, help our young cancer patients in their
recovery by donating pheresis platelets! This highly specialized blood product is used primarily in
the treatment of leukemia. Platelets are the part of the blood that causes clotting. Without platelet
transfusions, young leukemia patients could have serious bleeding episodes.
Donating blood for your child
All directed donors are required to make an appointment with the Blood Donor Center.
Appointments are scheduled for Monday through Thursday, between 10 am and 6 pm, and Friday
between 9 am and 3 pm. Directed blood donations should be made at least two days before the
scheduled surgery/transfusion, but no more than twenty-one days before the procedure. Please
be aware that cardiac surgery requires blood products that are no more than 7 days old; also that
blood bank will want to know how many units of blood will be requested for your child's operation.
Location
The Blood Donor Center is at the top of the grand staircase immediately off the Children’s
Hospital Boston main lobby.
Hours
Monday through Thursday, 8:30 a.m. to 7 p.m
Friday, 8:30 a.m. to 5 p.m.
Phone number
(617) 355-6677
Other important information
Walk-in donors of all blood types are always needed and welcomed
The hospital provides a free day of local garage parking to all donors and each donor gets
one of our "Give Pints for Half-Pints" T-shirts (and juice and cookies after donating!).