Gifts That Cost You Nothing Now
Gifts in a will or by beneficiary designation are two easy ways to provide compassionate care for children and groundbreaking pediatric research for years to come — and they don’t cost anything now.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for Seattle Children’s. By simply signing your name, you can create a legacy of curing childhood disease and giving all kids the chance to grow up healthy and strong.
Once you have provided for your loved ones, we hope you will consider making the health and wellbeing of children part of your life story through a legacy gift.
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A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
NO COST
Costs you nothing now to give in this way.
FLEXIBLE
You can alter your gift or change your mind at any time and for any reason.
LASTING IMPACT
Your gift will create your legacy of caring for children and giving them a better future.
Four simple, “no-cost-now” ways to give in your will
General gift
Leaves a gift of a stated sum of money to Seattle Children’s in your will or living trust.
Residual gift
Specific gift
Contingent gift
Leaves a stated amount or share only if a spouse, family member or other heir/beneficiary does not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to Seattle Children’s contingent upon the survival of your spouse.
Here is sample language for your will or trust that may help you when creating or updating your plans.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in helping children to get the best care — and it costs you nothing now.
By naming Seattle Children’s as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of giving hope to the kids who need it most.
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Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with Seattle Children’s
To name Seattle Children’s as a beneficiary of an account or asset, contact the business holding your account or asset to see whether a change of beneficiary form must be completed.
How to Change a Beneficiary Designation
Login to your account or request a Change of Beneficiary Form from your custodian (the business holding your money or assets).
Follow the links to change your beneficiary or fill out the form.
Be sure to spell the name of our organization properly: Seattle Children’s Hospital Foundation
Include our tax identification number: 91-1156519
Save or submit your information online or return your Change of Beneficiary Form.
Types of Gifts
A gift of retirement funds
You can simply name Seattle Children’s as a beneficiary of your retirement plan. This will allow you to leave any retirement funds you don’t ultimately need to help give kids the childhood they deserve.
A gift of funds remaining in your bank accounts, brokerage accounts or certificate of deposit (CD)
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Seattle Children’s Hospital Foundation (Tax ID: 91-1156519) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward curing conditions affecting children for generations to come.
Donor-Advised Fund (DAF) residuals
When you establish a donor-advised fund, you decide which charity or charities will receive any amount that remains after your lifetime. When you name Seattle Children’s as a “successor” of your account or a choose Seattle Children’s to receive portion of your account value, you enable life-saving cures and compassionate care for kids.
Savings bonds
If you have bonds that have stopped earning interest and you plan to redeem them, you might owe income tax on the increase in value. That could result in you or your heirs receiving only a fraction of the value of the bonds in which you invested. Since Seattle Children’s is a tax-exempt institution, naming us as a beneficiary means that 100 percent of your gift will go toward providing quality care to kids in your community.
