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800 Meadows Road, Boca Raton, FL 33486 | 561.955.7100

Helene and Murray Brill Make Gift Plans, Both Now and Later

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Helene and Murray want to contribute to Boca Raton Regional Hospital's bright future

In 2010, Helene and Murray Brill made a gift to Boca Raton Regional Hospital through a charitable gift annuity (CGA), which will eventually fund nursing scholarships. Recently, they made plans to fund technology needs at the Hospital through a bequest. By making these generous plans, the Brills have given in a way that will benefit many people for years to come.

Helene and Murray Brill Make Gift Plans, Both Now and Later The charitable gift annuity they established in 2010 will not only benefit others, but it also provides them with guaranteed payments for the rest of their lives, and provided them with a tax deduction when they made the gift. The gift to technology they are planning will make a difference as our Hospital continues to provide state-of-the-art service to patients in the future.

When asked why they chose to make their gift plans with Boca Raton Regional Hospital, Murray says, "We believe in giving, and we want our Hospital to continue to be a leader in advancing medical technologies that will be beneficial to all." Helene and Murray have been impressed with our Hospital and want to be part of the effort to keep advancing into the future.

Estate planning was a very important part of Murray's professional background in the insurance field with the Massachusetts Mutual Financial Group. Helene and Murray feel that establishing a CGA and a bequest is an ideal way to structure their estate planning. Murray adds that any real property you have can be given to the Boca Raton Regional Hospital Foundation to fund a CGA.

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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