Paws and a Cause

Love for Dogs and a Desire to Help Children Inspire Couple’s Gift

Mike and Dee Hairston

Mike and Dee Hairston are passionate about supporting Texas Children’s, specifically the Pawsitive Play program, now and in the future through their estates.

For Dee and Mike Hairston, their beloved miniature Australian shepherds, Tucker and Bella, have brought boundless joy and amusement to their lives. As it turns out, Tucker and Bella have also played a central role in the Hairstons’ generosity to Texas Children's Hospital.

Several years ago, when first working on their estate plans, Mike and Dee knew they wanted to incorporate gifts to charity. In researching organizations whose missions aligned with their interest in supporting children’s health and well-being, Mike and Dee were drawn to Texas Children's Hospital. They decided to establish an endowment — a permanent fund that generates an annual distribution for Texas Children’s use — that they could contribute to now and in the future through their estates.

Shortly thereafter, the Hairstons learned about the Pawsitive Play program, which uses animal-assisted therapy to enhance the emotional well-being of pediatric patients. Launched in 2016, the program now comprises five therapy golden retrievers — Elsa, Bailey, Pinto, Pluto and Cohen — who work hard each day to provide comfort to those who may be having trouble coping with a hospital stay, new diagnosis or medical procedure. Given their love for dogs and desire to help children, the Hairstons knew immediately that they wanted their endowed fund to benefit Pawsitive Play. As Dee remarked, “We saw it as the perfect fit for us.”

Elsa during therapy

Elsa, one of the Pawsitive Play dogs at Texas Children’s, provides comfort to a patient.

Following Mike’s retirement last year, the Hairstons revisited their plans, and decided to designate their endowed fund at Texas Children’s as a beneficiary of their retirement plans. With the assistance of their estate attorney, the Hairstons identified giving retirement assets as an ideal way to support Texas Children’s, as the funds will ultimately transfer tax-free to Texas Children’s and are not subject to probate.

In reflecting on their gifts to Texas Children’s, now and in the future, the Hairstons are gratified to know their philanthropy will directly benefit the young patients served by Texas Children’s: “We just knew we wanted to support children — what’s a better cause than that?”

Contact Rachel S. Kronenberger at 832-824-6907 or rskronen@texaschildrens.org to discover how you can easily support our mission through a beneficiary designation. Or, if you’ve already named
us as a beneficiary, let us know.

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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."

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 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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