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Ways to Help

Giving From the Heart


Mary Alice Quinn with Kimbreyona Johnson

"I absolutely adore children," Mary Alice Quinn says. "All shapes, sizes and colors. To me, they are gifts from God."

Quinn, a newspaper journalist for nearly four decades, never had children of her own. However, her compassion, love and concern for all children led her to name Le Bonheur as a benefi ciary in her will.

"Children just melt me," she says. "They really do. So many families can't afford health care. If giving a little bit of what I can will help a child get the proper medical attention, it makes me feel fulfi lled. When you've been fortunate enough to have been the benefi ciary of God's loving ways I truly believe it is part of the DNA of those of us who can to reciprocate."

A professional member of the Le Bonheur Club since 1972, Quinn remembers pushing the coffee cart and the library cart at the hospital during her volunteer shifts. "Le Bonheur was a much smaller hospital then and as volunteers we tried to do anything we could to help the families," she says. "We would even stay with a child in their room so the parents could take a break."

Even today, when she hears news of the child who is injured and taken to Le Bonheur for treatment, she worries and wonders if the child survives. "There's nothing more tragic to me than a child who is injured," she says.

Quinn found her calling early in life. While still attending college at Vanderbilt she wrote about young collegians on campus from Memphis for The Commercial Appeal. This assignment became a summer internship and then a full-time position was offered.

"I always thought I would teach," she says. "When they asked me to stay on permanently, I agreed to stick it out for a year." She retired from the paper after 39 years and 4 months.

To be a journalist she says "you have to love people" and that's the reason she followed her heart into a career that soon became a passion. "I love the written word, the research and all aspects of the job," she says, noting that she was fortunate to have worked with some of the most successful and well-known editors in the South including Frank Ahlgren, Gordon Hanna, Michael Grehl, Lionel Linder and Angus McEachran. Each one of them made an indelible impression on her in their own way, especially Ahlgren. "He told me early on that a person's name is really the one thing he has that is truly theirs," she recalls. "That being said, he then told me: ‘Those names better be spelled correctly!' "

Quinn believes Memphis is fortunate to have a pediatric hospital such as Le Bonheur. "Every city needs a great children's hospital," she says, "and so much of what Le Bonheur does reaches out so far. If God has blessed us with a few extra nickels, we should give it back where it helps. If we've been given good lives, good livelihoods and good friends, we have a personal responsibility to care for those who come behind us. For me, that is as much a part of living as learning how to swim or fl y a kite. Once you reach a certain age, you can't fl y a kite anymore and you look horrible in a swimming suit. And I sure don't need another pair of shoes!"

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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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