October 17-23 is National Estate Planning Awareness Week.
Honoring the generosity and vision of those including Phoenix Children's in their estate plans.
Make Phoenix Children’s Part of Your Estate Planning
Creating or updating your will or living trust is an important way to care for your loved ones and the charities that reflect your values, but it doesn’t have to be complicated:
- Think about the loved ones and causes you’d like to support.
- Create a will that reflects your wishes and priorities.
- Feel the peace of mind that comes with knowing your loved ones and favorite causes will be cared for.
You can leave most of your resources to your loved ones and reserve a small percentage to Phoenix Children’s Hospital. We welcome gifts in any amount, and you can change your mind at any time.
Simply contact your attorney or advisor to discuss the best way to create or update your estate plan.
To include a gift to Phoenix Children’s Hospital in your will or trust, please include our legal designation and tax ID number. Your attorney can help you determine the best way to structure your gift.
Phoenix Children’s Hospital Foundation
Tax ID #74-2421549
If you are thinking about designating a gift to a particular program or area of research, the Gift Planning team is happy to help you explore your options and draft example language for your will that ensures your gift will be used as you intend.
We would love to hear from you:
For more information or to answer any questions you may have about gifts in wills, contact us at (602) 933-3870.
We would be honored to express our gratitude and welcome you to the Phoenix Children’s Legacy Society.
A Gift by Beneficiary Designation
Many assets can be used to make a meaningful gift to Phoenix Children’s. You do not need to update your will; you can express your values simply by signing your name, and you have the flexibility to change your beneficiary designations at any time.
- RETIREMENT PLANS, including your IRA, 401(k), 403(b) or other tax-deferred plan. If you name Phoenix Children’s as a beneficiary of all or some percentage of your retirement plan account, you can leave less heavily taxed assets to loved ones, and we will receive 100% of your gift.
- LIFE INSURANCE POLICIES. You may decide to name Phoenix Children’s a beneficiary of your life insurance policy if it’s outlived its original purpose and you no longer need the policy.
- CERTIFICATES OF DEPOSIT, BANK OR BROKERAGE ACCOUNTS, and other financial accounts. You can name Phoenix Children’s the beneficiary of any of these financial accounts.
- DONOR-ADVISED FUNDS. You can designate Phoenix Children’s to receive funds remaining in your donor-advised fund account after your lifetime.
With each of these gifts, simply ask your retirement plan manager or financial institution for the appropriate beneficiary designation form. You may also be able to update your beneficiary designation forms through your online account portal.
If you are 70.5 year old or more, you can also make an immediate donation to Phoenix Children’s directly from your IRA through a qualified charitable distribution.
You will need our legal designation:
Phoenix Children’s Hospital Foundation
Tax ID #74-2421549
We would love to hear from you:
For more information or to answer any questions you may have about gifts in wills or trusts, or through beneficiary designations, contact us at (602) 933-3870.
We would be honored to express our gratitude and welcome you to the Phoenix Children’s Legacy Society.
A Gift That Provides Income
A charitable gift annuity is a gift that gives back:
- You transfer cash or securities, valued at $10,000 or more, to Phoenix Children’s Hospital Foundation.
- You and/or another beneficiary received fixed payments for life, at a rate based on the age(s) of the beneficiaries.
- You must be 65 years of age to begin receiving payments.
- You are eligible for an immediate tax deduction. If you donated appreciated assets, you may save on capital gains taxes as well.
- The principal passes to Phoenix Children’s Hospital after the lifetime of the income beneficiaries.
To learn more about charitable gift annuities or to request a personalized illustration of how this gift might benefit you and Phoenix Children’s Hospital, please contact us at: (602) 933-3870.
Nicola Lawrence
Associate Vice President, Philanthropic Advising
602-933-3870 | GiftPlanning@PhoenixChildrens.org
