planning matters fall 2011
DESCRIPTION
An estate planning newlsetter for Dana-Farber Cancer InstituteTRANSCRIPT
To explore the new Yawkey Center for Cancer Care from every angle, you would be hard-pressed to fi nd a better tour guide than Baila Janock, a
founding member of the Dana-Farber Society. A table host and tour guide at this year’s Dana-Farber Society dinner, Janock offered fellow members her insights on the Yawkey Center from her perspective as a member of the Patient and Family Advisory Council, which made recommenda-tions for the building’s design. For Janock, Dana-Farber provides something even more impressive than the state-of-the-art facilities. “We are patient-centered care,” she says. “In spite of our growth, every patient here is treated as an individual.” Janock has been devoted to Dana-Farber since her hus-band, Irving Janock, was a patient. Sadly, he passed away from pancreatic cancer in 1985, but she has been actively involved in many ways ever since: as a longtime platelet donor and lifetime member of the Friends of Dana-Farber, as a devoted volunteer at the Leonard P. Zakim Center for Integrative Therapies, as well as several other volunteer committees, and as a bone marrow courier and dedicated fundraiser for the Jimmy Fund. Janock and her late husband were originally from Milford, Mass., which is one of the reasons why she became deeply involved with the Planning Committee that helped launch the Dana-Farber/Brigham and Women’s Cancer Center at Milford Regional Medical Center satellite, where patients receive Dana-Farber’s signature world-class care in the convenience of their own community. In addition to these activities, Janock has created a lasting legacy by making a charitable bequest to Dana-Farber. Her generous bequest will add to the Irving W. Janock Fellow-ship Fund, which she established in memory of her husband to allow Institute researchers to focus on improving the understanding and treatment of gastrointestinal cancers. Janock supports the Fellowship through her participation in the Boston Marathon® Jimmy Fund Walk each Septem-ber. The 22-time walker describes the atmosphere on Walk
day as an extraordinary feeling of camaraderie, just as the Dana-Farber Society offers a sense of community and common purpose. “It gives me great pleasure to be among others who share Dana-Farber’s mission and who have planned ahead and care enough to support its future,” she says. Touring the Yawkey Center, Janock highlights the seating in the new Dining Pavilion, which she helped plan. Considering that she is approaching her 200th platelet donation and recently zip-lined through the Costa Rican rainforest, one can hardly imagine this tireless volunteer and Dana-Farber Society member stopping long enough to sit down.
Making a bequest to fuel our lifesaving mission is as simple as placing the following language in your will: “I bequeath (a specifi c amount, a portion of your total or residual estate) to Dana-Farber Cancer Institute, Inc., 450 Brookline Avenue, Boston, Massachusetts, 02215.”
If you would like more information on how to honor a loved one, physician, or nurse through a bequest to Dana-Farber, please contact Alice Tobin Zaff, Director of Gift Planning, at 800-535-5577 or [email protected].
Tireless Volunteer Baila Janock Ensures a Lasting Legacy
VISIT OUR NEWLY REDESIGNED WEBSITE FOR MORE INFORMATION ON PLANNED GIVING OPPORTUNITIES: Dana-Farber.org/giftplanning
PlanningMattersFall 2011
ESTATE PLANNING NEWSLETTER FROM THE DANA-FARBER SOCIETY
Sidney Farber Volunteer Award recipient Baila Janock established a bequest to honor her husband’s memory.
PLANNINGMATTERS: an estate planning newsletter from the Dana-Farber Society
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Advance Dana-Farber’s mission to conquer cancerEstablishing a Charitable Gift Annuity (CGA) is a great way to generate income for yourself and/or another benefi ciary while supporting cancer research and patient care at Dana-Farber.
* Based on a $10,000 cash gift using the IRS Discount Rate of 1.4% for Nov. 2011
CURRENT CGA RATES* For Single Life Benefi ciary
65 5.3% $530 $1,893
70 5.8% $580 $2,701
75 6.5% $650 $3,484
80 7.5% $750 $4,189
85 8.4% $840 $5,112
Age Annuity Rate Annual Income Income TaxDeduction
MAKE A GIFT IN 2011 TO HELP RETIRE CANCER If you are 70 1/2 or older and make a gift through your Individual
Retirement Account (IRA) by Dec. 31, 2011, you can avoid incurring
tax consequences on gifts up to $100,000. Learn more at dana-
farber.org/IRA
Additionally, no matter what age you are, you can designate Dana-
Farber as the benefi ciary of your retirement plan. This option allows
you to control the assets until death, avoid income and estate tax,
and perhaps leave a larger gift than you might otherwise be able to
during your lifetime.
Learn more: Alice Tobin Zaff, Director of Gift Planning
800-535-5577 or [email protected]
Support the Perini Family Survivors’ Center and see your gift matched dollar for dollar.Dana-Farber Trustees Eileen and David B. Perini established one of the fi rst survivorship centers in the country at Dana-Farber in memory of their son, David Jr. Doing so was a way to channel the grief they experienced upon losing him to cancer, into something positive and hopeful.
“Most people are focusing on a cure—we need to also focus on the patients and their needs beyond the cure. At the rate adult survivorship is growing, we felt it was very necessary to put the funding behind this important initiative.”
There are nearly 12 million cancer survivors in the U.S. alone. With Eileen and David’s leadership and your help, we’re making great progress in the support of these survivors. And thanks to a generous gift from this remarkable couple, every contribution we receive up to $1 million will be matched dollar for dollar to help endow our adult survivorship program, making your gift go twice as far. Visit dana-farber.org/perinimatch or indicate “Survivors’ Center” with your gift, and join Eileen and David in the support of adult survivorship.
M A K E YO U R M A R K O N C A N C E R .N A M E A G E N E T O D AY.
Contact Emily Lindberg at 617-582-8830 or [email protected]
NameAGene.orgHave you considered naming a gene through your IRA? Contact us to !nd out more.
T H E G E N E D I S P L A Y , L O C A T E D I N T H E R O B E R T J . T O M S I C H F A M I L Y G A L L E R Y
FIND IT ON PARKING LEVEL 2, IN THE CONNECTOR BETWEEN THE YAWKEY CENTER & THE DANA BUILDING
Dorothea Feffer sees real estate as much more than her vocation.
“I own it, I buy it, I sell it, I rehab it,” Feffer says. “Real estate is my life.”
For this breast cancer survivor and steadfast supporter of Dana-Farber, real estate also proved to be a powerful asset to use for advancing the fi ght against cancer. Grateful for the level of care she received at the Institute, Feffer transferred her property to a charitable remainder trust (CRT), ultimately directing the remainder to support breast cancer research. A Dana-Farber Society member who splits her time between Winchester, Mass., and Palm Beach, Fla., Feffer considers herself lucky to have a place like Dana-Farber in her own backyard.
“From the moment you enter, you feel good about being there,” says Feffer. “I think it’s a wonderful institution, and everyone makes you feel so well taken care of.”
A gift of real estate was a natural choice for Feffer—it is her fi eld of expertise, a personal passion, and it also made good fi nancial sense. By establishing a charitable remainder trust, Feffer receives income for life, avoids capital gains tax, and takes an income tax deduction, all while supporting Dana-Farber’s lifesaving mission. Most importantly, the CRT allows Feffer to make a signifi cant impact on cancer research.
“It was a way to make a sizable gift in the fi nancial
position I was in,” she says. “It proved to be most satisfying to support research, perhaps helping people down the road.”
For this real estate maven, establishing a CRT was clearly a win-win opportunity, and Feffer is quick to point out that a gift of this type makes sense for many people. Its greatest benefi t is the pleasure one gets from being able to give back.
“It makes you feel tremendous,” she says. “There is no greater feeling than the satisfaction of giving.”
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PLANNINGMATTERS: an estate planning newsletter from the Dana-Farber Society
A “real” commitment to conquering cancer: Gift of property supports breast cancer research
Real estate maven and breast cancer survivor, Dorothea Feffer established a CRT to support Dana-Farber.
Help Conquer Cancer with a Charitable Remainder Trust
Transfer assets to a charitable remainder trust (CRT) to benefi t Dana-Farber, and receive regular income payments for life or a specifi ed period. Later, Dana-Farber receives the remainder of the trust’s assets.
To learn more about CRTs, contact Alice Tobin Zaff, Director of Gift Planning at 800-535-5577 or [email protected]
WHAT ARE THE BENEFITS OF A CRT?• Receive regular income
• Avoid capital gains tax if funded by
appreciated securities
• Receive an income tax deduction
• In some instances, reduce estate taxes
• Become a member of the Dana-Farber Society
WAYS TO FUND A CRT• Gift of $100,000 or more
• Gifts of securities, real estate, closely-held stock, and
other items of value
Anonymous members: 17
Howard Alberts
Pamela Alberts
Barbara P. Allen
Andrew L. Bass
Kim & Richard C. Bass
Maxine Brody
Ruthann Bromley & Stan R. Nikkel
Kimberly Brookes
Elizabeth A. Brown
Ellen Burkhardt
Denise Brennan Coggin
Barbara Block Courtiss
Barbara M. & Steven M. Garfinkle
Lia Glovsky
Sandy & Bob Green
David F. Gregorski
Elizabeth Hjeltness
Guy James
Mary James
Helen Ann & Bruce A. Jillson
Robert E. Lagna
John J. Legere
Barbara R. Lewis
Miriam Mack
Marianne M. & John S. Manoli
Jeanne Marino
Lee & Stuart Meyers
Patricia Monk
Henry J. & Boots Nardone
Glenna & Edward Nutter
Stephen Olshewski
Deborah & Allan Osborne
Cheryl Richardson Hickox
Robert Rosenthal
Sidney J. Rosenthal
Carol C. Russell
Marilyn M. Silva
C. Bruce Metzler & Carol E. Simpson
Anthony M. Sordillo, DMD
Barbara E. Tatro
Robert L. Tranter
Dana-Farber Society welcomes 67 new members in 2011
For a complete list of Dana-Farber Society
members or for more information on how
you can join the Dana-Farber Society,
please contact Mary Bucci at 617-632-6326
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PLANNINGMATTERS: an estate planning newsletter from the Dana-Farber Society
YAWKEY CENTER FOR CANCER CAREDANA !FARBER CANCER INSTITUTE
Make a gift that forever links your name—or that of a loved one—with Dana-Farber’s Yawkey Center for Cancer Care. Many special naming opportunities, both large and small, are available!
Dana-Farber.org/YCCC
To learn more, contact Patty Stewart Brent at 617-632-2443 or patricia_brent@dfci"harvard"edu
#ake a lasting impact in the $awkey %enter
Dana-Farber Society member Shelley Blais and her husband, Institute Trustee and Dana-Farber Society member Jack Blais
Dana-Farber Society members Alvin and Sylvia Yarkin
Patient and Family Advisory Council member Mary Dana Gershanoff and Dana-Farber Society member Jim Maguire
This year the Dana-Farber Society’s annual
recognition dinner was held at the Yawkey
Center for Cancer Care, the Institute’s new
state-of-the-art clinical care building. In a talk that
made the building come alive, Marlene Nusbaum, PhD,
a breast cancer survivor and member of the Patient
and Family Advisory Council, shared her experience
consulting on the design
of the new building.
There is no doubt that
having the patient
voice be part of every
decision made in the
planning and building
of the Yawkey Center
has allowed the facility to make a profound difference
in patients’ treatment experiences and has changed the
face of cancer care.
The Dana-Farber Society provides a critical source of
funding, allowing the Institute to accomplish more for
its patients and their families while planning for the
future. Shown here are just some of the 670+ Society
members who are investing in the future of cancer care.
For a complete list of Dana-Farber Society members or
for more information on how you can join the Dana-
Farber Society, please contact Mary Bucci at 617-632-
6326 or [email protected].
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Left to right: Patient and Family Advisory Council and Dana-Farber Society member Barbara Holtz; Dana-Farber President, CEO, and Dana-Farber Society member Edward J. Benz Jr., MD with his wife Dana-Farber Society member Margaret Vettese, PhD; and Dana-Farber Society member Sandra Fishman
Left to right: Institute Trustee, Chief of Staff and Dana-Farber Society member Stephen E. Sallan, MD; Institute Trustees and Dana-Farber Society co-chairs, Barbara and Jim Sadowsky; Dana-Farber Society member Elizabeth P. Roberts; Institute Trustee and Dana-Farber Society member Dick Morse and his wife, Dana Farber Society member Claire Morse; and Patient and Family Advisory Council member and dinner guest speaker, Marlene A. Nusbaum, PhD
Ask the Advisor: Considerations in Designating BeneficiariesPLANNINGMATTERS: an estate planning newsletter from the Dana-Farber Society
DANA-FARBER FACTS & FIGURES
Dana-Farber/Brigham and Women’s Cancer
Center was ranked the top cancer hospital
in New England for the 11th year in a row,
and fifth in the country for 2011-2012 by
U.S.News & World Report.
U.S.News & World Report also ranked
Dana-Farber/Children's Hospital Cancer
Center the top pediatric cancer hospital
in the country.
Dana-Farber is one of the top recipients,
among independent hospitals, of grant
funding from the National Cancer Institute
and National Institutes of Health.
Dana-Farber Cancer Institute 10 Brookline Place West, 6th floor Brookline, MA 02445-7226
WE WANT TO HEAR FROM YOU!
We’d like to learn more about your
connection to Dana-Farber. Do you have a
story you’d like to share with us?
Please contact Alice Tobin Zaff, Director of Gift
Planning, at 617-632-3756 or 800-535-5577,
or email [email protected].
For more information, please call 800-535-5577 or e–mail [email protected] to speak with a member of the Gift Planning team.
Send Dana-Farber Holiday CardsA Tradition that Conquers Cancer
JimmyFundHoliday.orgVIEW THE ENTIRE HOLIDAY COLLECTION AT: CARDS ALSO AVAILABLE AT SPONSORED BY
Dana-Farber Cancer Institute has been given a 4-star rating—the highest possible ranking—by Charity Navigator, America’s largest independent evaluator of non-profit organizations, for our ongoing commitment to maintaining a low cost-of-funds raised and being fiscally prudent.