Planned Gifts

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. These gifts are investments in the future of our children and, to honor these friends, their names are engraved on a marble statue by French sculptor Raoul Jossett that is located on the hospital's front lawn. The sculptor described the statue as "a nurse lifting a child up…perhaps out of illness." This special recognition honors the legacy of kindness your gift leaves on TSRHC children.

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 Gift Annuities
A charitable gift annuity 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.

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. 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.