Since its inception, Children’s Hospital Foundation has benefited from charitable gifts of bequests, trusts and life insurance policies. In fact, Sallie May Dooley, one of our original benefactors, made a bequest of $500,000 in the 1920's which provided for the construction of the original Crippled Children's Hospital on Brook Road (pictured above).
Over the years, estate gifts have allowed us to grow our endowment so that we can continue to provide for the needs of the many children we serve. Many programs at Children’s Hospital of Richmond at VCU (CHoR) have been funded with dollars generated from our endowment, and it is because of the generosity of our estate benefactors that we are able to continue that practice.
By remembering Children’s Hospital Foundation in your will, trust or other long-term plans, you will help support and advocate for pediatric initiatives at CHoR. Explore the many planned giving options available to you.
ACHIEVE YOUR GIVING GOALS
Giving through Wills and Living Trusts
Making a charitable gift through your will can be a convenient way to leave a lasting legacy. After first providing for loved ones, you may decide to make a charitable gift of a specific amount, a percentage of your estate, or all of what remains after family and/or friends have been remembered.
Giving through a living trust is another idea to consider. Many people make use of trusts created during life to provide for the management and future distribution of assets and then, at the termination of the trust, direct a portion of the remaining assets to be used for charitable purposes.
Giving through Life Insurance
The need for life insurance can change as life progresses. You might have a life insurance policy that was purchased to provide for your children, but they are now self-sufficient. You can name Children’s Hospital Foundation to receive all or a portion of the policy proceeds that are no longer needed for their original purpose.
Giving through Securities
Your gift of securities, such as stocks, bonds, or mutual fund shares, may offer certain advantages over a cash gift. A gift of appreciated securities that have been held for more than one year may provide significant benefits to you as a contributor:
- Contributions of appreciated securities are generally deductible at market value, regardless of what the donor paid for them.
- The capital gains tax is also avoided through such a gift.
If the securities you wish to donate have decreased in value since they were purchased, it will most likely be more advantageous to sell them first and contribute the proceeds to charity as opposed to donating the securities outright. In most cases, by selling the securities the donor would be allowed to claim a deduction for the loss from the sale of the securities as well as the charitable gift.
Ready to take the next step?
Giving through one of the methods above helps our Foundation to grow and continue to provide much needed support for the clinical programs at Children’s Hospital of Richmond at VCU. In order to ensure that your charity of choice receives your gift, it is important to use the organization’s full name in your documents. To name Children’s Hospital Foundation, we suggest using “Children’s Hospital Foundation located in Richmond, Virginia.”
If we may be of any assistance with the charitable aspects of your plans, please don’t hesitate to contact Chris Broughton-Spruill at 804-228-5814 or firstname.lastname@example.org.
As owner of Jessica Morgan’s School of Dance, Jessica organized the first Virginia Dance Festival in 1999 with 12 dance troupes, raising $3,771 for Children’s Hospital of Richmond at VCU. Last March, the event, which featured 30 dance troupes showcasing everything from ballet and tap to Indian and Irish dancing, collected nearly $20,000, bringing the festival’s 20-year fundraising total to $228,500.
Read Jessica Morgan's Story
Born December 21, 1920 in Coalport, a small mining town in Pennsylvania, Charles Francis Myers came from humble beginnings. In 2015, his estate left more than $500,000 to Children’s Hospital Foundation to fund construction of the Hematology and Oncology Clinic in Children’s Hospital of Richmond at VCU’s new outpatient pavilion.
Read Charles Francis Myers' Story
As a child, DeWitt “Dee” Whittington was treated for polio at Crippled Children’s Hospital, now Children’s Hospital of Richmond at VCU. Sixty years later, he remembers his experience clearly and decided to honor the care he received by planning a $200,000 gift to Children’s Hospital Foundation in his will.
Read DeWitt Whittington's Story
In June, Children's Hospital Foundation (CHF) received a $1.2 million bequest from the estate of Henry Pollard Cobb of Mechanicsville, Va.
Read Henry Pollard Cobb's Story