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800 Meadows Road, Boca Raton, FL 33486 | 561.955.7100

Fran Ferrara Gives to Enrich Patients' Lives

Fran Ferrara

The care she received at Boca Regional inspired Fran Ferrara to make a legacy gift to the hospital.

Throughout her life, Fran Ferrara has cared about others. Her recent pledge to Boca Raton Regional Hospital illustrates just how true that is. Fran's hope is that others will experience some of the excellent programming offered through the Eugene M. & Christine E. Lynn Cancer Institute and the Christine E. Lynn Women's Health and Wellness Institute.

Originally from Toronto, Canada, Fran first came to Miami and then to Boca, where she has lived for the past 28 years. From the minute she moved here, it was where she felt she belonged. For most of her career, Fran worked in accounting and investing, and for fun, she performed as a dancer and show girl with the Florida Follies Dance Group. All the money the group earned from entertaining went to children's charities.

Together, Fran and her husband enjoyed the many amenities Boca had to offer until he developed Alzheimer's at an early age. His descent into the disease lasted 20 years. The couple had been married for 49 years when he died in September 2015—two months before Fran was diagnosed with stage 4 lung cancer.

Once diagnosed, Fran began spending a great deal of time at Boca Regional. The care she received inspired her to make a legacy gift to the hospital.

"As a result of my cancer, I found a healthcare team at the Lynn Cancer Institute that made me feel cared about and loved. From the minute I walked into the hospital for treatment, the doctors, nurses, staff, and administration welcomed and comforted me. Everyone showed compassion in a way I had not ever before experienced.

"As much as I dreaded all that cancer entailed, somehow being at the Lynn Cancer Institute and at the hospital in general felt right to me. People took care of me in a special way. I knew I was in good hands. It became my home away from home," Fran says.

Fran's legacy donation will focus on a variety of programming. "All the programs I have participated in at LCI have made a significant difference in my life. From the legacy class to classes in nutrition and meditation as well as a variety of lectures and programs, I met people, learned a great deal, and enjoyed myself. The programs have enriched my life and have fulfilled my health, mental, and spiritual needs. I want others to have the same opportunities to enjoy them and feel included in their time of need."

Fran's legacy gift isn't her first to Boca Regional. Her previous gift was given to the Lynn Cancer Institute to provide wellness classes and activities for patients in treatment, and with this gift, Fran named an exam room in memory of her beloved friend, Flossy Keesely.

A charitable bequest is one or two sentences in your will or living trust that leave to the Boca Raton Regional Hospital Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to the Boca Raton Regional Hospital Foundation, a nonprofit corporation currently located at 745 Meadows Road, Boca Raton, FL 33486, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the BRRH Foundation or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the BRRH Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the BRRH Foundation as a lump sum.

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

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

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