Leave a Legacy More Ways to Give

Qualified Charitable Distributions

Qualified charitable distributions (QCDs) from an individual retirement account (IRA) are a special way for those 70½ years old and older to give to their favorite cause. You can give any amount (up to a maximum of $105,000) per year from your IRA directly to a qualified charity such as Texas Children's without paying income taxes on the money. This popular gift option may also be called an  IRA charitable rollover.

Why Consider This Gift?

• Your gift will be put to use today, allowing you to see the difference your donation is making.
• Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
• You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
• Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

Donor Advised Funds

A donor advised fund (DAF) is like a charitable savings account. It gives you the flexibility to recommend how much and how often money is granted to Texas Children's Hospital and your other charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future gifts. You can also create a lasting legacy by naming Texas Children's Hospital the beneficiary of the entire account or a percent of it. You can also create a family legacy of giving by naming your loved ones as your successor to continue recommending gifts to charitable organizations. Contact us to learn more.

Real Estate

Want to make a big gift to Texas Children's Hospital without touching your bank account? Consider giving us real estate. When you give us property that has appreciated that you have held longer than one year, you qualify for a federal tax charitable deduction. You also no longer have to deal with that property's maintenance costs, property taxes or insurance.

You also do not have to hassle with selling the real estate. You can deed the property directly to Texas Children's Hospital or ask your attorney to add a few sentences in your will or trust agreement. You may make the real estate an outright gift, or retain the right to occupy the home or farm for the rest of your life.

Our planned giving specialists can explain the advantages of the different kinds of real estate gifts to Texas Children’s Hospital.