Remembering the Past While Looking to the Future

Nadine Galinsky Feldman

Nadine Galinsky Feldman

By Kathy W. Isdale

With a commitment to Texas Children's Fetal Center in memory of her daughter, Reba Galinsky, who died in utero in 1997, Nadine Galinsky Feldman has established an endowed fund through her estate plans to help give other prospective mothers and their at-risk babies a better chance to share a life together.

Before Reba's expected birth date, Nadine's doctors discovered a lifethreatening tumor in the baby's tiny heart. After consulting with Dr. Kenneth Moise, a pioneer in maternal-fetal intervention who is now a member of Texas Children's Fetal Center, Nadine was determined to do everything possible to save her child.

At that time, in utero interventional fetal surgery was actually performed in only a handful of medical centers and rarely in Houston, so Nadine spent the next several weeks consulting with a large team of doctors from Baylor,Texas Children's and other hospitals to assess how to accomplish the surgery that might save her baby.

"But Reba just couldn't hold on," Nadine says. "She died the day before the surgery was scheduled."

Reba's death was devastating not only to Nadine, but also to her mother and her marriage. Nadine turned to writing as part of healing, creating a book of support and counsel for grieving grandparents to help her mother and others, which she self-published in 1999. A few years later, she met and married Henry Feldman and was quickly enfolded into his family, becoming close to Henry's twin teenagers and her in-laws.

Though now living a busy, fulfilled life as wife, mother and writer, Nadine says she has never forgotten the kindness extended to her by Texas Children's. She was excited to learn more about Texas Children's Fetal Center and to honor Reba's life by creating the endowed fund in her name.

"I'm always looking for ways to give Reba's life more meaning," she explains. "Whether I do it in a big or a small way, it gives her life; it gives me an opportunity to mother her in the only way that I can."

It's also important to Nadine that she is supporting the Fetal Center. "It means a lot to me that other mothers and babies now have this chance," she says. "It's one thing to be able to help other people who are grieving a loss, a death, but to help avoid the death in the first place is really cool! With all of the technology in place to do all of these wonderful things, it's easy to forget that it wasn't always this way. But it's not routine—it's a gift, it's a miracle. What Texas Children's is doing is very special and not to be taken for granted."

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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 give to Texas Children's Hospital, a nonprofit corporation currently located at Houston, TX, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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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

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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.

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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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 may qualify for a federal income tax charitable deduction when you itemize. 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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