Impact a Generation of Kids
Generosity comes in many forms, and it's often the best way for you to support important causes that matter the most to you in your life. When you give to Nicklaus Children’s Hospital Foundation, you help us make a difference for the next generation.
You want to leave money to Nicklaus Children’s Hospital Foundation in your will. You also want the flexibility to change your will in the event that life circumstances change. You can do both.
"I take great pride in the mission of Nicklaus Children's, the excellence of its reputation and the role we play in moving the hospital forward. We use our influence to lead by example in ensuring a secure future for important healthcare providers like Nicklaus Children's."
Chairman, Nicklaus Children's Hospital Board of Directors
Ways to Leave a Legacy
There are many different gift options available to you. We will work with you to find a charitable plan that lets you provide for your family and support the many children served by Nicklaus Children’s Hospital Foundation.
- Wills and Living Trusts
- Beneficiary Designations
- Charitable Gift Annuities
- IRA Charitable Rollovers
- Real Estate
- Endowed Gifts
- Charitable Lead Trusts
- Charitable Remainder Trusts
For Professional Advisors
Legal name: Nicklaus Children’s Hospital Foundation
Federal Tax ID number: 46-1784918
Located in: Miami, FL
2020 Update: Tax Benefits of the CARES ACT
The new CARES (Coronavirus Aid, Relief, and Economic Security) Act is designed to help you, businesses and nonprofits facing economic hardship during the coronavirus pandemic. Here are a few key provisions of the CARES Act that may affect you and your charitable goals:
Required Minimum Distributions Suspended
The new law temporarily suspends the requirements for required minimum distributions (RMD) for the 2020 tax year. This probably comes as a relief to many of you who would have had to withdraw from your retirement accounts. Many of our donors use their RMD to make a gift from their IRA. Despite the RMD suspension, remember that if you are 70½ or older, you can still make a gift from your IRA or name Nicklaus Children’s Hospital Foundation as a beneficiary.
Why a Gift From Your IRA May Still Be a Good Idea
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
New Tax Incentives
The CARES Act expands charitable giving incentives and allows taxpayers who take the standard deduction to make up to $300 of charitable contributions to qualified charities this year. You might think that this is a small amount and would not make a difference. But what if all of our donors gave “just” $300? Such support would have a huge impact on those we serve.
For those who do itemize their deductions, the new law allows for cash contributions to qualified charities such as Nicklaus Children’s Hospital Foundation to be deducted up to 100% of your adjusted gross income for the 2020 calendar year.
Read more about the CARES Act
We are deeply grateful for your continued kindness and support during this difficult time. Meet with your financial or legal advisor, and contact us today to discuss how your philanthropic intentions can help further our mission.
Cheryl Lawko, Senior Director of Planned Gifts