Texas Children's Employees Give Back

Coming Full Circle At Texas Children’s Hospital

Larry RaybornI was born two months early in 1959 and was diagnosed with retinopathy of prematurity (ROP). ROP causes abnormal blood vessels to grow in the retina, the layer of nerve tissue in the eye that enables us to see.
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Cheerful Giving

Charlene Ault-HallmarkCharlene Ault-Hallmark has spent much of her adult life working at Texas Children's. She provides support to special programs, and has included a bequest in her will to make a lasting impact on children and families after her lifetime.
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Partners in Life, Partners in Giving

George Ferry, M.D., and Joan Ferry, Ph.D.Partners in life since 1959, George Ferry, M.D., and Joan Ferry, Ph.D., are also partners in their philanthropic giving decisions, and they have been devoted supporters of both Texas Children's Hospital and Baylor College of Medicine (BCM) for more than 35 years.
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A Family Tradition

The Drs. Rosenthal of Ashford Pediatric AssociatesThe Drs. Rosenthal of Ashford Pediatric Associates have been making their mark on Texas Children's for 57 years. This well-known family of pediatricians has also made philanthropic contributions to the hospital for many years, including a gift in support of Texas Children's Hospital West Campus.
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It's All in the Family

Dr. Joan E. Shook and Dr. Jeffrey R. StarkeIt was with a strong sense of joining a warm and close-knit medical family that Dr. Joan E. Shook and Dr. Jeffrey R. Starke each accepted residencies, fellowships, faculty positions at Baylor College of Medicine and posts at Texas Children's Hospital in the early 1980s.
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Joining Together to Make a Big Impact

Dr. Carol J. BakerAs the daughter of a physician in general practice in Southern California and a mom who has always been a giver, Dr. Carol J. Baker has understood the notion of giving to others since her earliest childhood. When she came to Houston and Texas Children's Hospital, she learned what a huge impact that outlook can have when it's...
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"Texas Children's Believed in Me"

Dr. Donald J. FernbachDr. Donald J. Fernbach joined Texas Children's Hospital as a firstyear resident in 1954 and quickly emerged as a major force in its success. His commitment to finding new ways to heal sick children has been fundamental to the hospital's phenomenal growth. Now his foresight and generosity will support oncology...
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Gifts of a Lifetime

Dr. William T. ShearerYear by year, gift by gift, Dr. William T. Shearer has made financial contributions to Texas Children's Hospital that add up to an extraordinary lifetime commitment. Dr. Shearer came to Texas Children's in 1978 to establish the Allergy and Immunology Service and made his first contributions...
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Planning Ahead for Texas Children's

Cris DaskevichPlanning ahead is a way of life for Cris Daskevich; perhaps more than most folks. As a senior vice president of Texas Children's Hospital, she's involved every day in planning ahead for Texas Children's Maternity Center and women's services. But she has also made a personal plan for herself and her family far into the future by including Texas Children's Hospital...
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A charitable bequest is one or two sentences in your will or living trust that leave to Texas Children's Hospital a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Texas Children's Hospital [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Texas Children's Hospital or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Texas Children's Hospital as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Texas Children's Hospital as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Texas Children's Hospital where you agree to make a gift to Texas Children's Hospital and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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