Bequests and Planned Gifts

“It is a comfort to know that there is a place like Calvary that helps patients and families with the transition that happens at the end of life”

Rose Helen Accardi

One of the easiest and most enduring ways to support Calvary is through an Estate gift. Giving, serving and planning for the future make for good stewardship. A planned gift to Calvary Hospital allows us to continue to provide comfort, care, and compassion for over 6,000 patients and families every year as well as secure support for the future.

For more information about planned giving opportunities including bequests, please call Elizabeth Edds Kougasian, Esq., Director of Major and Planned Gifts at 718-518-2080, or email ekougasian@calvaryhospital.org.

Planned Giving

A planned gift can enable you to support Calvary Hospital while providing income and tax benefits to you and your family.

About the Society of 1899

Calvary Hospital was founded in 1899 by dedicated volunteers with the supporting gifts and bequests dating back to the turn of the century.

Over the years, estate gifts have made it possible for Calvary Hospital to extend its unique care beyond its location in the Bronx, to serve patients who require the Calvary’s expertise and assistance through Calvary’s Brooklyn Campus, The Dawn Greene Hospice at Mary Manning Walsh Home in Manhattan as well as Ozanam Hall of Queens Nursing Home. These generous legacy gifts ensure that Calvary’s core values—non-abandonment and death without physical pain and suffering—will extend to future generations when they need this critical care.

Planned gifts help to help fund:

  • Bereavement Programs
  • Pastoral Care Programs
  • Family Care programs and On-Site Family Care center

Your gift will enable us to plan and fund strategic expansions and improvements as well extend our reach to more patients through Calvary@Home, our home care, home hospice and nursing home hospice programs.

Society of 1899 Membership Benefits

Calvary established The Society of 1899 to honor individuals who have made a bequest or planned gift to the Hospital.

  • Invitation to annual Society recognition reception
  • Invitations to special presentations on estate and tax issues
  • Invitations to Hospital lectures and special events
  • Recognition in the Calvary Hospital Annual Report, newsletter, and other publications
  • Invitations to meet with the President, Executive Medical Director and other Hospital officers
  • Society recognition pin
  • The knowledge your gift will directly benefit the patients at Calvary Hospital

To notify us that you have made a bequest or planned gift to Calvary, please contact Elizabeth Edds Kougasian, Esq. at 718-518-2080 or via email at ekougasian@calvaryhospital.org.

Bequests and Wills

Many people choose to do this using their wills. This special gift is called a bequest.

There are many reasons to make a bequest. A bequest allows you to honor a loved one while providing critical support to the Calvary Hospital. Giving by bequest costs nothing now, yet it may give you a great deal of satisfaction to know that your future gift will live on.

Your bequest may also have estate planning benefits. A bequest can be made in the body of the will or in a codicil.

  • Savings account gifts
  • Life insurance
  • Retirement plans can be used as a substitute for a bequest

There are several bequests options to choose from and one of the ways of making a planned gift is through a will or a living trust. For more information about planned giving opportunities including bequests, please call Elizabeth Edds Kougasian, Esq., Director of Major and Planned Gifts at 718-518-2080, or email ekougasian@calvaryhospital.org.

Types of Bequests

Specific Bequests

You identify a particular item or asset to give Calvary. For example, you leave 100 shares of XYZ stock to Calvary Fund Inc.

General Bequest

You indicate Calvary will receive a sum of money or a percentage of your entire estate. For example, you leave $25,000.00 to Calvary Fund Inc., or you leave one third of your estate to Calvary Fund Inc.

Residuary Bequest

After the specifically named individuals and organizations receive what you have given them, whatever is remaining is referred to as your residuary estate. You can elect to give all or a portion of this remainder to Calvary. For example, you leave 25% of the rest, residue and remainder of your estate to Calvary Fund Inc.

Specific Bequest

You may designate Calvary as the second in line to receive a particular asset, dollar amount or percentage of your estate if the individual you name first dies before the estate can make the distribution. For example, you leave 50% of you estate to your sister and if she predeceases you, then to Calvary Fund Inc.

Note: If you already have a will and you want to add bequest to Calvary, this modification can be accomplished with a codicil. A codicil is a written amendment that revises your will.

For more information about planned giving opportunities including bequests, please call Elizabeth Edds Kougasian, Esq., Director of Major and Planned Gifts at (718) 518-2080, or email ekougasian@calvaryhospital.org.

The Professional Advisors Council (PAC)

The Professional Advisors Council (PAC) was established in 2001 to assist the Board of Directors and the staff of the Hospital to secure the financial support required to operate the nation’s only acute care hospital dedicated solely to the palliative care of adult advanced cancer patients. PAC members are volunteers from the legal, investment, accounting, insurance and banking professions.

The PAC helps to sponsor and plan two events every year Spring Planned Giving Donor Program and Reception and the Calvary Hospital Attorney Conference.

For more information on the PAC or PAC sponsored events, please call Elizabeth Edds Kougasian, Esq., Director of Major and Planned Gifts at 718-518-2080, or email ekougasian@calvaryhospital.org.

Review the list of Calvary's PAC members

Chairman
Gerald C. Tobin, Esq.

Vice Chairman
Colleen F. Carew, Esq.
Greenfield Stein & Senior LLP

Vice Chairman
Andrea Hyde, Esq.
Putney Twombly Hall & Hirson LLP

Kristin J. Ashman, Esq.
Vice President
Brown Brothers Harriman Trust Company, N.A.

Bonnie Brennan
Senior Vice President, Senior Director
Chairman’s Office
Christie’s

Mr. John T. Brophy
Chairman
Westport Re

Ronni G. Davidowitz, Esq.
Katten Muchin Rosenman LLP

Keith C. Dolin
Managing Director
City Executive
U.S. Trust
Bank of America Private Wealth Management

Thomas G. Ferrara
Future Value Associates, Ltd.

Robert M. Freedman, Esq.
Schiff Hardin LLP

Magdalen Gaynor, Esq.

Charles F. Gibbs, Esq.
Holland & Knight LLP

Paul Golinski, Esq.
Cullen and Dykman LLP

Rorrie Gregorio
National Partner -In- Charge
Marcum LLP

Charles J. Groppe, Esq.
Putney, Twombly, Hall & Hirson LLP

Arlene Harris, Esq.
Kaye Scholer LLP

Edward D. Heben, CPA, ABV, CVA, AEP
Citrin Cooperman & Company LLP

Gerard F. Joyce, Jr., Esq.
Senior Vice President and
Head of Personal Trust
HSBC Bank USA

Stanley S. Leffler, Esq.
Ferber Chan Essner & Coller, LLP

Mary Ellen Manley, Esq.
Bleakley Platt & Schmidt LLP

Michael M. Mariani, Esq.
Managing Director
Deputy General Trust Counsel and
Director of Trust and Estate Services
Fiduciary Trust Company International

Lawrence F. McGovern, Esq.
McGovern & Dawson

Diahn W. McGrath, Esq.

Daniel J. McSwiggan, Esq.
Carter, Ledyard & Milburn LLP

Lee P. Miller, Esq.
Managing Director
Glenmede

Charles J. Ogeka, Esq.
Managing Director
Ogeka Associates, LLC

Timothy M. Paul
Executive Vice President and
Chief Trust Officer
Goldman Sachs Trust Company, N.A

Victoria Richardson
Director, Trusts & Estates
Bonhams

Eileen Caulfield Schwab, Esq.

Alan D. Seget, Esq.
Davidson, Dawson & Clark LLP

Erin Gilmore Smith, Esq.
Assistant Vice President
Fiduciary Trust Company International

Michael J.A. Smith
Fiduciary Consultant

Frank W. Streng, Esq.
McCarthy Fingar, LLP

Joseph A. Tarantino
President and Chief Executive Officer
Protiviti Consulting, Inc.

Wayne L. Warnken, Esq.
Wormser, Kiely, Galef & Jacobs LLP

Michael R. Weaver, Esq.

Charitable Contributions for Your IRA to Calvary Hospital

Did You Know That You Can Make A Tax Free Donation From Your IRA!

4 basic requirements are:

  1. The donor must be 70 ½ or older;
  2. The gift must be made directly from the IRA to an eligible charity, such as Calvary Fund, Inc.;
  3. Gifts to all charities combined cannot exceed $100,000 per taxpayer per the calendar year;
  4. The gift must be made outright – the donor cannot receive any material benefit from the charity in exchange for the gift.

It’s simple as 1-2-3:

  1. Contact your IRA custodian (“the Fund Manager”);
  2. Instruct the Fund Manager that you want your distribution — or a portion of your distribution — to be a charitable rollover gift to Calvary Fund, Inc.;
  3. Advise the Fund Manager to include your name and your address on the check or transmittal document;
  4. Please notify Calvary of the gift by contacting Elizabeth Edds Kougasian, Esq., Director of Major and Planned Gifts, at ekougasian@calvaryhospital.org, or at 718-518-2080.
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