Planned Giving

How You Can Provide a Legacy of Care

Children's Hospital Foundation is committed to improving the health of children through its support of research, education and clinical care. Our goal is to see that Oklahoma’s children receive the best possible health care available—to never have to leave the state to receive specialized care. By planning a gift to the Foundation, you can make a lasting impression on children's health care while also enjoying possible tax and financial benefits for yourself and your loved ones. There are many options from which to choose.

A charitable bequest is a written statement in your will or trust directing a gift be made to Children's Hospital Foundation as part of the disposition of your estate. A charitable bequest is one of the most flexible estate planning tools because it can be changed at any time. This ability to remain in control of your property during life also makes a charitable bequest one of the most popular methods of giving.

By including a bequest to the Foundation in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

Charitable Bequests & Estate Taxes

Once the donor has made a decision on their gift, the donor should contact their attorney or financial advisor to obtain the maximum tax benefits. The charitable gift:

  • Reduce income taxes including capital gain taxes
  • Reduce transfer taxes including gift and estate taxes
  • Create income for yourself and others

Next Steps:

  • Contact Kathy McCracken at (405) 650-1718 or kathlene-mccracken@ouhsc.edu for additional information on bequests or to chat more about the different options for including the Foundation in your will or estate plan.
  • Seek the advice of your financial or legal advisor.
  • If you include the Foundation in your plans, please use our legal name and federal tax ID.
    • Legal Name: Children's Hospital Foundation
    • Address: 901 N Lincoln Boulevard, Suite 305, Oklahoma City, OK 73104
    • Federal Tax ID Number: 73-1200262

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

Passionate about supporting Children's Hospital Foundation with our mission even after your lifetime? It's not only possible, it's easy to do with a beneficiary designation. Just name the Foundation as a beneficiary to receive assets such as retirement plans and life insurance policies after you're gone. You simply fill out a form that is entirely separate from your will—which makes this approach an easy way to give.

Not only is it an easy way to give, but it's also flexible—you aren't locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.

Next Steps:

  • Contact Kathy McCracken at (405) 650-1718 or kathlene-mccracken@ouhsc.edu for additional information on beneficiary designations and how they can help support the Foundation with our mission.
  • Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
  • If you include the Foundation in your plans, please use our legal name and federal tax ID.
    • Legal Name: Children's Hospital Foundation
    • Address: 901 N Lincoln Boulevard, Suite 305, Oklahoma City, OK 73104
    • Federal Tax ID Number: 73-1200262

A charitable gift annuity involves a simple contract between you and the Foundation where you agree to make a gift to the Foundation 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.

When you are looking for ways to help Children's Hospital Foundation with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support the Foundation's work while receiving fixed payments for life is a charitable gift annuity.

Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with the Foundation you can receive a variety of tax benefits, including a federal income tax charitable deduction.

Next Steps:

  • Contact Kathy McCracken at (405) 650-1718 or kathlene-mccracken@ouhsc.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the Foundation.
  • Seek the advice of your financial or legal advisor.
  • If you include the Foundation in your plans, please use our legal name and federal tax ID.
    • Legal Name: Children's Hospital Foundation
    • Address: 901 N Lincoln Boulevard, Suite 305, Oklahoma City, OK 73104
    • Federal Tax ID Number: 73-1200262

Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.

Please contact Kathy McCracken at (405) 650-1718 or kathlene-mccracken@ouhsc.edu, for other giving options such as Charitable Lead Trusts, Real Estate, Memorials and Tribute Gifts, Endowed Gifts or Donor Advised Funds.

 

The information in this publication is not intended as legal advice.  For legal advice, please consult an attorney.  References to estate and income tax include federal taxes only; individual state taxes may further impact results.