Create a Lasting Legacy at CHKD

Bequests are easy and simple to create, even if you already have a will. To help you get started on your plans and legacy, we've partnered with FreeWill, an online tool that guides you through the process of creating or updating your will or trust in 20 minutes, at no cost. You can use this resource on its own, or use it to document your wishes before finalizing your plans with an attorney. Get started now.

Charitable Remainder Trusts allow you to place assets into a trust which will then pay you income for up to 20 years, or until the death of the last beneficiary. When the term of the trust ends, the remaining balance is considered a gift to Children’s Hospital of The King’s Daughters. Many tax benefits and life income options are available for donors who establish a charitable trust.

Charitable Gift Annuities are gifts for the future that bring you benefits today. A simple agreement between you and Children’s Hospital of The King’s Daughters provides a fixed, life-long income in exchange for a gift to the hospital. The annual income you receive is based on your age and will never change. The older you are, the higher the income payment. At the time of your death, the remainder of your annuity will help ensure healthy futures for children cared for at CHKD. Charitable gift annuities can be funded with cash, appreciated stocks, mutual funds, or bonds. An income tax charitable deduction may be taken upon establishing a charitable gift annuity.

Endowment Funds create lasting financial resources for CHKD. Endowments may be directed to specific programs such as cancer, child abuse, nursing scholarships, or any CHKD program of your choosing, or can be established to support overall patient care. 

Individual Retirement Accounts are often taxed significantly when distributed at the end of your lifetime. An easy way to donate to CHKD, with tax advantages to your estate, is to name CHKD as a beneficiary of a portion or all of a qualified retirement plan. A charitable gift of an IRA or qualified retirement plan at the end of your lifetime lets you reduce or eliminate estate and income taxes while supporting CHKD and its mission.

Life Insurance policies can be used to fund a gift to CHKD. Whether you donate an existing policy or take out a new policy with CHKD as the owner and beneficiary, you can make a meaningful gift to CHKD and receive tax benefits.

An Individual Retirement Account (IRA), 401(k), life-insurance policy, or any other assets not included in your will are often taxed significantly when distributed at the end of your lifetime. These non-probate assets are an easy way to donate to CHKD, with tax advantages to your estate, is to name CHKD as a beneficiary of a portion or all of an asset. Use this online tool to make your plans and designate us as a beneficiary of one or more of these assets.

Other Planned Giving options include:

• Making CHKD the beneficiary of a financial account (such as a checking account or a brokerage account) 
• Donating a gift of real estate or personal property

Both are easy ways for you to help CHKD fulfill its mission in the future.