Through the power of philanthropy, you help make a dramatic and lasting impact on the children who need our specialized care.

CHKD's Federal Tax ID Number: 54-0506321

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Planned giving at CHKD provides you the opportunity to combine your philanthropic desires with your financial needs. In addition to making a difference for our children, these methods of giving may provide significant income and tax-saving benefits.

Our Planned Giving Options 

Bequests

Bequests are easy and simple to create, even if you already have a will. To help you get started on your plans and legacy, you can use FreeWill, an online tool that guides you through the process of creating or updating your will or trust in 20 minutes. 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 Gift Annuities

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. Use our  Legacy Planning Gift Calculator to see how this will work for you. 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.

Charitable Remainder Trusts

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. Use our Legacy Planning Gift Calculator to see how this will work for you. Many tax benefits and life income options are available for donors who establish a charitable trust. 

Endowment Funds

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. Epilepsy is one of the most common neurological disorders and is characterized by repetitive seizure activity. Epilepsy encompasses a wide range of seizure types and includes a number of underlying causes. Our board-certified pediatric neurologists have the ability to use state-of-the-art technology to more accurately diagnose the presence and cause of seizures as well as help delineate the most appropriate treatment for good seizure control. 

Individual Retirement Accounts

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

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. 

Non-probate Assets

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.

Retained Life Estate

Retained Life Estate is a way to make a significant gift to CHKD without compromising your lifestyle. When you give a remainder interest in your home to the hospital, you retain the right to live in the house. You receive an income tax deduction for the present value of the remainder interest in the home, as well as a reduction in estate taxes. This opportunity allows you to make a gift that will impact CHKD’s future work while providing you immediate financial benefits without a change in your lifestyle.

Other Planned Giving

Other Planned Giving options are available. Making CHKD the beneficiary of a financial account (such as a checking account or a brokerage account) or donating a gift of real estate or personal property can be easy ways for you to help CHKD fulfill our mission in the future.

Report a Planned Gift

Have you already included a gift in your will or trust? Please fill out this form to let us know! We would love to thank you for your generosity.


Contact

For more information, call (757) 668-7070 or email the development office at legacy@chkd.org.

This information is taken from sources believed to be reliable, but is not guaranteed as to completeness or accuracy. You are urged to seek the advice of your financial planner, attorney and/or tax advisor to make certain a contemplated gift fits well into your overall circumstances and planning.