Planning a Future Gift: Leaving Your Legacy

The generous support of thoracic surgeons, as well as major gifts from individuals, both surgeons and committed friends, private foundations, and industry have enabled TSF to make remarkable progress in securing the financial support necessary for our education and research initiatives. To ensure the continuation of these programs as well as to allow for growth of new programs, TSF seeks endowment gifts from individuals, particularly surgeons to help establish the necessary future growth of the organization.

We ask thoracic surgeons and others to consider making a major gift to TSF and thereby establishing your legacy within our specialty. Planned giving is often the best vehicle for individuals to make such major gifts.  Planned Giving is the process of making charitable gift in a way that provides maximum benefit to the charity and donor. Such gifts usually involve major assets, thus requires thoughtful consideration.

The most used Planned Gift method is one where a donor leaves a charitable donation through a will. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or The Thoracic Surgery Foundation as part of your estate plan. Among the most common means of making such a bequest are the following:

  • Giving a specific dollar amount
  • Bequests of a specific piece of property or other assets
  • Giving a fixed percentage of the assets passed to the estate
  • Donation of the residue of the estate after making provisions for family members and other loved ones

Life Insurance Policy
A gift of your life insurance policy is an excellent way to make a gift to TSF. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults. To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include The Thoracic Surgery Foundation as the beneficiary of your policy.

IRA Charitable Rollover
As of December 18, 2015, the IRA Charitable Rollover was passed by Congress and signed into permanent law by the President, allowing taxpayers age 70 ½ or older to transfer up to $100,000 annually from their IRA accounts directly to charity without first having to recognize the distribution as income. Contact your IRA plan administrator to make a gift from your IRA to us.

Please consult with your advisor about how the tax rules apply to any of the contributions above.

We gratefully ask that you please notify TSF if you choose to contribute through a planned gift so we may recognize you appropriately.