Ways to Give

Planned gifts

The Development staff is experienced in a number of giving options, including charitable gift annuities, trusts and real estate. For more information or to set up a time to visit with a Development officer in person, please call the Development department at (214) 559-7650 or (800) 421-1121, ext. 7650.

Charitable Gift Annuities
A charitable gift annuity¹ is a simple agreement in which an individual contributes securities, cash or other assets to a charity in exchange for the agreement of the charity to pay a fixed annuity for the individual’s lifetime. A charitable gift annuity is a wonderful way for individuals to give during their lifetime. The maximum amount of the annuity is established by the charity and is based on the individual’s age at the time the agreement is made.

Please call the Development department at (214) 559-7886 or (800) 421-1121, ext. 7886, for more information on annuity payments and charitable deductions.

Bequests and Wills
A bequest is a specific monetary amount or a gift of stocks, bonds, real estate, artwork or other property. The hospital directs all bequests toward the general endowment fund to provide support for TSRHC’s mission now and into the future. Individuals may designate that their bequest be used to support a specific project or program of the hospital.

A will is a legal document that ensures an individual’s property passes to the people and organizations intended. Individuals should work with an attorney to ensure that their will carries out their wishes.

Sample language for an attorney: “I give __________ to Texas Scottish Rite Hospital for Children, located at 2222 Welborn Street, Dallas, Texas 75219, to be used for the general purposes of the hospital.”

Since 1921, many special friends have created a legacy for the children of Texas by providing for TSRHC in their wills. To commemorate the generosity of these friends, the hospital has engraved their names surrounding a marble statue of a nurse and child by the French sculptor Raoul Jossett.

Trusts

Charitable Lead Trusts
A charitable lead trust provides for an annual or more frequent payment to support a charity for a set number of years. The trust assets are then returned to the individual beneficiaries, such as the account holder’s children. This can effectively remove a source of taxable income and result in significant estate and gift tax savings in transferring assets to family members.

Charitable Remainder Trust
A charitable remainder trust is an irrevocable gift that provides payments to the account holder or another designated person for a term of years or for life. Payments will be made as long as either the account holder or the other designated person is living. The remainder of the trust assets will then be distributed to the charity named by the account holder.

Charitable Remainder Unitrust
A charitable remainder unitrust provides payments to the account holder or another designated person based on a percentage, which must be at least five percent, of the trust determined annually.² This means the payments to the account holder may vary by year as the value of the trust assets fluctuate and may provide a means of hedging against inflation. Additional contributions may be made to a unitrust.

Charitable Remainder Annuity Trust
A charitable remainder annuity trust pays a constant, predictable cash flow. The payments are fixed and based on a percentage, which must be at least five percent, of the fair market value of the trust at the time it is established.² Individuals should work with an attorney to ensure they receive favorable tax treatment and that their wishes are properly carried out.

Life Insurance, Retirement Plans and Individual Retirement Accounts
A charity may be named as the beneficiary of an individual’s retirement benefits and IRAs. The charity may also be named as the beneficiary of an individual’s life insurance. The individual will receive a charitable tax deduction by making an irrevocable contribution of a fully funded policy or a policy on which he or she is paying premiums or by purchasing a new policy with the charity named as owner and beneficiary.

¹The income tax deduction available to you will be subject to a limitation based on your adjusted gross income in the year of the gift. Also, the income tax deduction for gifts of certain types of property is based on your basis in property rather than the fair market value of the property. In general, any income tax deduction not used in the year of the gift can be carried forward and used in the next five years. Please consult your tax advisor for information about your specific situation.
²A charitable remainder trust also has a maximum payout rate that is a function of the individual beneficiary’s age and the applicable federal interest rate in effect for the month the trust is created. We will be glad to estimate this maximum rate for you.