Planned Giving
The Dr Theodore Dubuque Legacy Society
Ted Dubuque, a St Louis surgeon, first went to Hôpital Sacré Coeur in Milot, Haiti just after it was built in 1986. With over 18 years experience as Chief of Surgery at St. Mary’s Hospital, he recognized the enormous need of the Haitian people. He equipped the operating room and spent six months as a surgical
volunteer.
Over the next 16 years Ted traveled between northern Haiti and St Louis, providing care for the neediest patients, bringing medical specialty teams, procuring supplies and medicines, overseeing the staffing and management of the hospital and setting the standards for patient care. He also initiated fund raising efforts.
In 1993 Ted and his friend, Carlos Reese, founded the CRUDEM Foundation, a 501c3 charity, to sustain and improve Hôpital Sacré Coeur which has become the hospital of choice in Haiti. The Dr. Theodore Dubuque Legacy Society is designed to provide you the opportunity to assist in the continuation of this mission bringing relief to the people of Haiti.
For more detailed information or to discuss giving options,
please contact:
Denise Kelly, Executive Director
CRUDEM Foundation
info@crudem.org
Making charitable contributions is an art-a creative process that adapts to the changing need and wishes of the donor. Planned giving enables a donor to arrange charitable contributions in ways that maximize personal objectives while minimizing the after-tax cost.
Depending on the asset you give and the gift arrangement you select, as a donor you can generally expect to obtain some or all of the following benefits:
• fulfill your philanthropic goals
• reduce your income tax through a charitable deduction .
• avoid capital-gain tax on a gift of long-term appreciated property
• retain a stream of income for life for yourself and/or other beneficiaries
• increase your spendable income
• eliminate potential federal estate tax on property passing to charity at death
• reduce costs and time in estate settlement
We will be delighted to work with you and your advisors in arranging the planned gift that best suits
your objectives. Here are some brief overviews of some of the ways to make a charitable contribution to CRUDEM:
Gift Annuity
In exchange for a transfer of cash, marketable securities or, in some circumstances, real estate, we
contractually guarantee to make specified annuity payments to you and/or another beneficiary for life, the payout rate depending on the age and number of beneficiaries.
Gift of Appreciated Properties
A GAP is a popular alternative to a cash gift. Such a gift generates a double tax benefit, a charitable income tax deduction and the escape of any potential tax on the capital gain of the property. Gifts can consist of tangible personal property such as a work of art, rare books or a stamp collection.
Charitable Remainder Trust
Property is transferred under a Trust Agreement that specifies how and when the Trust principal and interest are to be distributed. The Charitable Beneficiary receives the remainder (what’s left) in the trust after it terminates. It may be created to become effective during your life time or after your death. CRTs can be tailored in many ways to suit individual needs.
Charitable Lead Trust
CLTs may be used by individuals who wish to make a gift, but retain the property in their family. Grantor Lead Trusts provide you with a charitable tax-deduction of the payments CRUDEM receives from the trust for a specified period of time. The donor is still taxed on the interest earned by the trust each year. Non-Grantor Lead Trusts do not provide you with a charitable income taxdeduction, neither are you taxed on the income the trust earns. At the end of the trust term, all assets remaining in the CLT are distributed to you or your beneficiaries.
Life Insurance
You may use life insurance as a direct funding medium of a gift, permitting you to make a substantial gift for a relatively modest annual outlay. You may also use insurance to replace the value of an asset you give to CRUDEM Foundation.