Supporting Causes They Love

Dr. Leslie L. Harris and Dr. Edward G. Baptista

Dr. Leslie L. Harris and Dr. Edward G. Baptista

A desire to use their philanthropy as effectively as possible brought Texas Children's neonatologist Dr. Leslie L. Harris and her husband, Dr. Edward G. Baptista, an adult cardiologist and recent chief of staff at Kingwood Medical Center, into the fold of Ambassadors for Texas Children's Hospital as lifetime members.

This dynamic young couple met in 1998 at Memorial Hermann Hospital when she was a student and he a resident at UT Medical School at Houston. They married in December 2009 and are building laudable careers in their fields.

They had been thinking about ways to support charitable organizations in addition to the animal rescue causes they love when they learned about the Ambassadors hospital support program. "Ambassadors seemed to be a really wonderful program targeting younger people," Dr. Harris says. "It looked like fun and a great vehicle for donating to the hospital."

"We looked into it carefully," Dr. Baptista says, "to be sure this was a program that would use the money properly. We decided it would be a good thing-plus, it supports Leslie's own cause."

Dr. Harris adds, "I can't think of a better way to use my money than to put it back into what I do-taking care of children."

Born in the Philippines, Dr. Baptista moved to the Dallas area with his family when he was 5. He received many honors and awards from high school through college and medical school and has been on staff at Kingwood since 2003.

As one of the first patient care assistants in Texas Children's pediatric intensive care unit where she worked between graduating from Smith College and being accepted at UT medical school, Dr. Harris met the hospital's late, legendary physician-in-chief, Dr. Ralph D. Feigin, who later ensured that she was able to enter Baylor's residency program.

"I also look at supporting the hospital as a way to honor Dr. Feigin and to repay as best I can the invaluable gift he gave me."

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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.

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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 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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