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.
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.
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.
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:
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.
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 Carrie Bickford at 804-827-1850 or cbickford@chfrichmond.org
In June, Children's Hospital Foundation (CHF) received a $1.2 million bequest from the estate of Henry Pollard Cobb of Mechanicsville, Va.
