UPMC Children's Hospital Foundation

Gifts from Your Will

The following material is provided for informational purposes only, and does not constitute legal, financial, or estate-planning advice. You should consult your personal attorney and/or tax adviser for specific guidance about your options.

A Gift in your Will to UPMC Children's Hospital Foundation

For more information, please find our contact information below or submit this form and someone will contact you.

Download Suggested Gift Language Confidential Statement of Planned Gift File

Gifts That Make Payments To You

The following material is provided for informational purposes only, and does not constitute legal, financial, or estate-planning advice. You should consult your personal attorney and/or tax adviser for specific guidance about your options.

Fixed Payments for Life

A charitable gift annuity allows you to gain the security of fixed payments for life, receive a tax deduction for a portion of your gift, and make a gift to UPMC Children's Hospital Foundation that you may not have thought possible.

How You Benefit from a Charitable Gift Annuity

Income for Life: An annuity is payable for life to one or two people age 60 or older, so you cannot outlive your annuity payments.
Eliminate Investment Risk: Your annuity payments, at a fixed amount, will remain constant regardless of market volatility.
Charitable Deduction: You’re entitled to a current charitable income tax deduction for a portion of your gift amount.
Capital Gains Benefits: If your annuity is funded with appreciated stock, you avoid paying capital gains tax on some of the appreciation, and spread the remaining capital gains over your anticipated life expectancy.
Tax-advantaged Income: Depending on the assets used to fund the annuity, each annuity payment typically includes a tax-free return of principal, capital gain, and ordinary income.
Secure Payments: Your annuity payments are guaranteed by all of the Foundation’s assets.

How the Foundation Benefits

At the death of your last income beneficiary, the remaining annuity assets are transferred to the Foundation to be used for a purpose you may designate or the Foundation’s greatest need.

Download a Guide to Establishing a CGA

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Fixed Payments for Later

If you don’t need income right away, you can obtain both a higher payout rate and a larger charitable deduction by establishing a deferred charitable gift annuity. A deferred gift annuity provides you with fixed payments for life that begin when you need them and an immediate tax deduction for a portion of your gift.

How You Benefit from a Flexible Gift Annuity

Income for Life: An annuity is payable for life to one or two people age 60 or older, so you cannot outlive your annuity payments.
You Control When Income Begins: Annuity payments are deferred until you choose to start them (at age 60 or older), with a minimum required deferral period of one year.
Charitable Deduction: You are entitled to a current charitable income tax deduction for a portion of your gift amount.
Capital Gains Benefits: If your annuity is funded with appreciated stock, you avoid paying capital gains tax on some of the appreciation, and spread the remaining capital gains over your anticipated life expectancy.
Tax-advantaged Income: Depending on the assets used to fund the annuity, each annuity payment typically consists of a tax-free return of principal, capital gain, and ordinary income.
Secure Payments: Your annuity payments are guaranteed by all of UPMC Children's Hospital Foundation’s assets.

How the Foundation Benefits

At the death of your last income beneficiary, the remaining annuity assets are transferred to the Foundation to be used for a purpose you may designate or for the Foundation’s greatest need.

Minimum Gift

The minimum for establishing a charitable gift annuity with the Foundation is $10,000.

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Variable Payments that Can Grow

Charitable remainder unitrusts allow you to make a gift of cash, stock, or real estate, receive a tax deduction for a portion of your gift, and receive variable payments from your unitrust for life or a term of years.

How You Benefit from a Charitable Remainder Unitrust

The income from a unitrust can grow over time, providing you with a potential hedge against inflation.
You can claim a charitable income tax deduction for a portion of your gift amount.
If you fund your trust with stock or real estate, you also avoid paying immediate capital gains taxes on the appreciation.
Unitrust income is taxed at favorable rates, since it usually consists of part ordinary income and part capital gains.
You can structure a trust to pay income to multiple people, either for their lifetimes (if they are age 50 or older) or for a specific number of years (up to 20).

How the Foundation Benefits

When the term of the trust concludes, the remaining trust assets are transferred to the Foundation to support the Foundation’s mission or for a purpose you designate.

Minimum Gift

The minimum for establishing a charitable remainder unitrust throughthe Foundation is $100,000. Future additions to the trust can be made in any amount.

Download a Guide to Establishing a Charitable Remainder Unitrust

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Gifts of Real Property

The following material is provided for informational purposes only, and does not constitute legal, financial, or estate-planning advice. You should consult your personal attorney and/or tax adviser for specific guidance about your options.

Gifts of Real Estate

Using real estate to make a gift allows you to turn an asset into support for The Children's Hospital Foundation, receive a charitable income tax deduction, and potentially avoid paying capital gains taxes.

Gifts of Real Estate

The real cost of your gift is reduced, since you’ll save on income and capital gains taxes by giving appreciated property to the Foundation. You can use real estate to make a variety of different types of gifts, including:

An outright gift that gives you a charitable deduction for the fair market value of the property while potentially avoiding capital gains taxes.
A gift that gives you income and an immediate tax deduction, while leaving the assets to the Foundation.
A gift that gives you income for a few years, then is passed on to your heirs at the time you specify with considerable estate and gift tax savings.
A gift that gives you a sizable tax deduction today and allows you to use the property for your lifetime, while leaving the property to the Foundation upon your death.

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Gifts of Retained Life Estate

By contributing your home, while retaining the right to live in it for life, receive a tax deduction for a portion of your gift, and continue to use your property while you are living.

How You Benefit

You receive a charitable income tax deduction today for a gift that will help the Foundation in the future.
Your estate taxes may be reduced because the property is removed from your estate.
Your executor’s job is simplified, since your property will pass directly to the Foundation upon your death.

How the Foundation Benefits

At the end of your life, the Foundation can use the property or the proceeds from the sale of the property, either for the Foundation’s greatest need or for a purpose you specify.

Minimum Gift

The minimum gift for establishing a retained life estate with the Foundation is $100,000.

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Qualified Charitable Distributions

The following material is provided for informational purposes only, and does not constitute legal, financial, or estate-planning advice. You should consult your personal attorney and/or tax adviser for specific guidance about your options..

How to Make a Qualified Charitable Distribution to UPMC Children's Hospital Foundation in 3 Easy Steps:

Contact your IRA administrator to make a qualified charitable distribution
Provide them with UPMC Children's federal tax ID number (25-1865744) and mailing address
Contact Nicole Riggleman Kelly at 412.692.3924 or nicole.kelly@chp.edu.

General Rules

You must be 70 ½ years old when you make your gift
Your gift must be made directly from your IRA to UPMC Children's
Your gift of up to $100,000 qualifies for this treatment (talk to your advisor about the implications if you are contributing to your retirement account in the same year that you plan to make a qualified distribution)

When you reach the age of 73 or older* , your gifts will count toward your Required Minimum Distribution but do not count as income for federal income tax purposes.

As mentioned above, you can begin using Qualified Charitable Distributions at 70 ½ but those gifts will not count toward your Required Minimum Distribution until 73 or older* (for those individuals turning 70 ½ on January 1, 2020 or after).

*Note that under the Secure Act 2.0, the age at which you are required to make minimum distributions (RMD) was raised to age 73 for individuals born between 1951 and 1959, and age 75 for those born in 1960 or later.

How You Benefit

Make a difference in kids' lives today
Gifts made to charity are not included in your gross income, making this a tax-effective way to support UPMC Children's without affecting your current income.
You can use tax-free IRA rollovers to make any kind of outright gift, including:
- Annual gifts
- Pledge payments
- Gifts to special programs or other endowed funds

Maximum Gift

An individual taxpayer's total charitable IRA rollover gift cannot exceed $100,000 per tax year.

Tax-Free IRA Rollover

The charitable IRA rollover allows donors to exclude certain transfers of Individual Retirement Account (IRA) assets that are made directly to public charities from their taxable income.

To qualify

You must be age 70 ½ or older at the time of gift.
Transfers must be made directly from a traditional IRA account by your IRA administrator to UPMC Children's Hospital Foundation. Funds that are withdrawn by you and then contributed do NOT qualify. Gifts from 401k, 403b, SEP and other plans do not qualify.
The gift must be completed during the applicable tax year.

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The SECURE (Setting Every Community Up for Retirement Enhancement) Act Makes Big Changes to Retirement Plans

The SECURE Act, which became law December 20, 2019 and effective as to most provisions on January 1, 2020, made dramatic changes to retirement plan rules. Some of the key changes which affect IRAs, 401(k) plans, and similar qualified plans are described below. These changes are expected to generate $16.4 billion in additional tax revenue over the next 10 years, so it is important that taxpayers understand the changes and talk to their tax and/or financial advisors about the personal impact of the new law.

This material is provided for informational purposes only, and does not constitute legal, financial, or estate-planning advice. You should consult your personal attorney and/or tax adviser for specific guidance about your options. Some of the Significant Changes in the Law

An increase in the required minimum distribution starting age. The previous law required taxpayers to begin to take payments from their IRA by age 70 1/2; under the new law, the required starting age has been moved to age 73* (for those who have not reached 70 1/2 by January 1, 2020) giving individuals a bigger window to build for retirement. In addition, the new law removed limits on the contribution age, which was 70 1/2 under prior law.
*Note that under the Secure Act 2.0, the age at which you are required to make minimum distributions (RMD) was raised to age 73 for individuals born between 1951 and 1959, and age 75 for those born in 1960 or later.
More access to 401(k) plans. The SECURE Act allows part-time employees to participate in 401(k) plans. The Act defines eligible part-time workers as those who work 500 hours a year (lowered from 1,000 hours a year). The law also allows employers to automatically enroll employees in 401(k) plans unless they specifically opt out.
Withdrawals for birth and adoption expenses without penalty. Individuals may withdraw up to $5,000 ($10,000 for couples if they both have qualifying plans) from their IRA, 401(k), or similar retirement accounts for birth and adoption expenses without incurring a 10% early withdrawal penalty (although the withdrawals will still be taxed as income).
Non-traditional revenue is considered "compensation" for the purpose of allowing contributions to a retirement plans. Specifically, graduate students receiving grants and foster-care providers receiving "difficulty of care" payments may now treat those payments as compensation for the purpose of making IRA or 401(k) contributions.
Prohibition of loans through debit or credit cards. Previous law allowed taxpayers to use a special debit or credit card tied to a 401(k) plan to borrow money from their retirement funds up to the lesser of 50% of the account balance or $50,000 (higher limits for home purchases). Those loans are no longer permitted.
"Stretch IRAs" eliminated. Previous law allowed those who inherited an IRA, 401(k), or similar retirement plan to take required minimum distributions based on their life expectancy. This provision has been eliminated and replaced by a requirement that the recipient take distributions over a 10-year period. Exceptions to the new 10-year rule include surviving spouses, those not more than 10 years younger than the deceased retirement plan owner, and beneficiaries who are minors (although the 10-year rule is required once those minors reach the age of majority), disabled, or chronically ill. This provision, which alone is expected to generate $15.7 billion in new taxes over the next 10 years, will have the greatest impact on taxpayers.

What You Can Do

Check your retirement plan beneficiary designations and then check with your financial planner or accountant. It's a good idea to review beneficiary designations whenever you review your estate plans or whenever there is a significant change in the law, such as this one, so that if you wish, your estate plans can be structured to respond to the change and minimize the tax impact. The changes listed here are only summaries of the rules with the most wide-ranging impact. Your adviser can help you work through the details.
Consider ways to minimize the tax bite and maximize the benefits of your IRA. One of the most powerful ways to minimize taxes and leverage your assets is to use your IRA to do your charitable giving. Current law allows individuals age 70 1/2 or older to make transfers of up to $100,000 a year directly from an IRA to a qualified public charity. These provisions were not changed when the minimum RMD age was increased to 73*. Amounts transferred to charity (qualified charitable distributions, or QCDs) qualify as a required minimum distribution amount but are not included in the donor's gross income. This is a tax-effective way to give regardless of individual's tax bracket.
*Note that under the Secure Act 2.0, the age at which you are required to make minimum distributions (RMD) was raised to age 73 for individuals born between 1951 and 1959, and age 75 for those born in 1960 or later.
Consider a testamentary transfer of your IRA to a charitable remainder trust benefiting family members. One way to avoid the 10-year payout requirement for an inherited IRA is to name a 20-year charitable remainder trust as the beneficiary of the IRA/401(k)/retirement plan. The trust will then make annual trust distributions to designated family members for the twenty-year period and terminate to one or more charities of choice. This has the advantage of not only doubling the payout period and lessening the tax burden on heirs, but also allows the taxpayer to achieve charitable goals.

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UPMC Children’s Hospital Foundation Receives Record $8 Million Gift

PITTSBURGH , Oct. 3, 2023 - UPMC Children’s Hospital Foundation has received its largest gift to date from an individual with a $8 million bequest from the estate of Mr. David V. Duchini to support UPMC Children’s Hospital of Pittsburgh.

Duchini passed away on March 23, 2007, at 84 years old, having planned for distribution of his assets to family and philanthropic organizations. Duchini personally selected these recipients with the guidance of his friends, estate trustee, and UBS financial advisor, Helene Naftali, who recommended the gift to the Foundation.

“For Mr. Duchini, he wanted to take care of his family, friends, and of course make a philanthropic impact. After our discussion of his values, we decided that UPMC Children’s was a clear choice. Nationally renowned, with innovations and breakthroughs, the overall care at UPMC Children’s is unparalleled. Mr. Duchini would be proud of this gift and the future it will create for countless children,” said Naftali.

“We’re thrilled and honored to receive such a generous gift from the Duchini estate,” said Rachel Petrucelli, president of UPMC Children’s Hospital Foundation. “Mr. Duchini had no connection to Pittsburgh or to UPMC Children’s, but Helene recognized that a gift to the Foundation meant helping children and families in their greatest time of need and he agreed. Her work reminds us of the important role professional advisors play in ensuring donors’ wishes are carried out and we are eternally grateful to be the recipient.”

A native of Queens, N.Y., Duchini was a graduate of the University of Miami and eventually ran Adolph Trucking Company Inc., in Manhattan. Duchini’s father, Adolph, immigrated to the United States and founded the company prior to turning it over to Mr. Duchini, which he then ran for 60 years.

For more information on UPMC Children’s Hospital Foundation, or to donate through estate planning, visit chpflegacy.org.

Jane Holmes

Portrait of Jane Holmes. The Jane Holmes Society recognizes those who have thoughtfully provided for UPMC Children's through a planned gift or endomwent. Copyright ©, Pittsburgh Post-Gazette, 2017, all rights reserved. Reprinted with permission.

The Story of Jane Holmes

Jane Holmes was a person ahead of her time.

Born in Ireland in 1805, Jane and her family relocated to the Pittsburgh area when Jane was only 2.

At the time, Pittsburgh was a different place - a small town with few houses, mostly unpaved streets, and air thick with the haze of burning coal fires.

It was here that Jane’s father started a grocery store - one that grew into a successful business, amassing significant wealth for the family. And with the financial success the Holmes family attained, Jane grew into something of an early philanthropist.

Known for her compassion and generosity, Jane spent much of her life helping the less fortunate. In the home she shared with her siblings near the intersection of Penn Avenue and Stanwix Street, Jane was frequently visited by the city’s suffering and poor.

One such visit was made by a little girl who was dying from tuberculosis. With no family and no place to turn, the child looked to Jane for help. Touched by the little girl’s story, Jane arranged for the child’s care until the day the child died.

Determined to make a difference in the lives of those facing serious illness, Jane converted her family’s summer home on Butler Street in Lawrenceville into the Protestant Home for Incurables, later known as Holmes House.

Jane championed many other causes throughout her life, and, even after her death in 1885, Jane’s story of generosity continued.

In her bequest, Jane left funding for various Pittsburgh organizations, including funds to establish a hospital to provide medical care for all children in need, no matter their circumstances. This bequest spurred the creation of the Pittsburgh Hospital for Children - what is now UPMC Children’s Hospital of Pittsburgh.

Today, more than 130 years after her death, Jane’s story of giving lives on in a hospital that continues to care for every child in need regardless of a family’s ability to pay. It seems only fitting, then, that our planned giving society should be named for a person with such compassion and foresight.

Thank you for being a part of a tradition of caring more than a century and a quarter in the making. We are honored to share in your legacy.

(Sources: Lowry, Patricia. “Remembering Jane(s): Two women who shared name and good works changed Pittsburgh,” Pittsburgh Post-Gazette, April 9, 2008. Baccelli Vondas, Laura. “A legacy of giving,” Pittsburgh Tribune-Review, April 17, 2005. The American Historical Society, Inc. History of Pittsburgh and Environs, Vol. III (New York, 1922), 586-588.)

Donors Change Young Lives Every Day

YOU HAVE QUESTIONS, WE CAN HELP.

Because you give, UPMC Children's Hospital of Pittsburgh is here for every child

YOU HAVE QUESTIONS, WE CAN HELP.

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Give the Gift of Possibility

Gifts in Your Will

Beneficiary Designations

Appreciated Assets

Life Income Gifts
Charitable Gift Annuities

Qualified Charitable Distributions

Donor Advised Funds

Gifts Through Trusts

Gifts of Life Insurance

A Legacy of Compassion

Without you, we wouldn't have 130 years of caring to commemorate - nor a world of possibility ahead.

The Story of Jane Holmes
Jane Holmes was a person ahead of her time.

Donor Spotlight

UPMC Children’s Hospital Foundation Receives Record $8 Million Gift

LARRY FULLERTON WAS ALWAYS THINKING

Dan Trozzi

The Good Colonel: Jean Migliorino Piccione

Invest in Better Tomorrows

Let’s Talk

Contact Us

Nicole Riggleman Kelly
Director, Development

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Accolades

Donors Change Young Lives Every Day

YOU HAVE QUESTIONS, WE CAN HELP.

Because you give, UPMC Children's Hospital of Pittsburgh is here for every child

YOU HAVE QUESTIONS, WE CAN HELP.

Let's Talk

Give the Gift of Possibility

Gifts in Your Will

Beneficiary Designations

Appreciated Assets

Life Income Gifts Charitable Gift Annuities

Qualified Charitable Distributions

Donor Advised Funds

Gifts Through Trusts

Gifts of Life Insurance

A Legacy of Compassion

Without you, we wouldn't have 130 years of caring to commemorate - nor a world of possibility ahead.

The Story of Jane Holmes Jane Holmes was a person ahead of her time.

Donor Spotlight

UPMC Children’s Hospital Foundation Receives Record $8 Million Gift

LARRY FULLERTON WAS ALWAYS THINKING

Dan Trozzi

The Good Colonel: Jean Migliorino Piccione

Invest in Better Tomorrows

Let’s Talk

Contact Us

Nicole Riggleman Kelly Director, Development

Contact Us

Accolades

Life Income Gifts
Charitable Gift Annuities

The Story of Jane Holmes
Jane Holmes was a person ahead of her time.

Nicole Riggleman Kelly
Director, Development