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Donor Makes Special Gift as Tribute to Associates


Asan Tejwani

Asan Tejwani wants the people who work at Le Bonheur to know someone appreciates them. Tejwani recently made a gift to the hospital as a tribute to all Le Bonheur nurses, doctors and other medical professionals. An asthma treatment room in the Emergency Department was named in recognition of his special donation.

"I made this gift so the Le Bonheur staff at all levels of the hospital would know that someone appreciates, acknowledges and honors their dedication and devotion to the care of Le Bonheur's children," said Tejwani.

The plaque recognizing his gift includes the phrase: "Love All, Serve all."

"I believe that philanthropy is the life blood of human civilization and evolution," Tejwani said. "We have never really lived until we have done something for someone who can never repay."

For Tejwani, the moments that most stand out in his life are those when he has done something for others. "The purpose of life is not to be just happy," he says, "but to have made some difference in the life of someone else. This shows you have lived well."

Tejwani's philosophy of life explains why he has included Le Bonheur in his estate plans as well as making a generous gift in celebration of the life of his parents Jhami Bai and Gianchand H. Tejwani. An office in the Neonatal Intensive Care Unit (NICU) was named in memory of his parents in 2011.

"Mr. Tejwani is part of a caring and generous community of supporters who believe in the hospital's future and who trust the staff to do the work that truly matters — helping children," said Sue Matthews, director of planned giving for the Le Bonheur Foundation. "Mr. Tejwani's legacy will live on in the lives and hearts of those children who will one day benefit from his planned gifts. Those children will never know him, but one day they will understand that he, and many others, loved and cared for them when they needed help."

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A charitable bequest is one or two sentences in your will or living trust that leave to Le Bonheur Children's Hospital 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 Le Bonheur Children's Hospital, a nonprofit corporation currently located at 850 Poplar Avenue, Memphis, TN 38105, 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 Le Bonheur Children's Hospital 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 Le Bonheur Children's Hospital 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 Le Bonheur Children's Hospital 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 Le Bonheur Children's Hospital where you agree to make a gift to Le Bonheur Children's Hospital 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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