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Planned Giving

An Officer and a Cancer Survivor

Kelly AmbroseWhen Kelly Ambrose was diagnosed with Stage 3 breast cancer in January 2010, only two things were in her control: her attitude and where to get treatment.

Ambrose, a lieutenant colonel in the U.S. Army National Guard, had always been a highly driven person, self-confident and approaching everything she did with military precision. The diagnosis “swiftly threw me into an unknown, terrifying darkness,” she says.

“Maybe because of my work as an attorney and an Army officer, I soon found myself researching all I could in regard to my diagnosis, my treatments and the options available to me for a better survival rate,” she said. “I had many questions for my initial consult with a surgeon, but our first conversation left me frustrated and confused, so I sought suggestions from a dear friend, who recommended I contact the Comprehensive Cancer Center at Wake Forest Baptist Medical Center.”

From day one, her experience at Wake Forest Baptist was, according to Ambrose, completely different.

“The medical team works in a truly interdisciplinary manner, and right from the start, everyone involved in my care—and there were many—treated me with respect and focused on my care, not just my diagnosis. I was pleasantly surprised that all were familiar with my past history, which kept me from having to tell ‘my story’ over and over again. They answered all my questions without rushing me through.”

Because she feels so fortunate to have received extraordinary care at Wake Forest Baptist, Ambrose has included the Comprehensive Cancer Center in her estate plans.

“No one should ever settle for less than the very best care available,” she says, “and I am confident that my financial contributions will help ensure that new and better treatments and highly personalized care are available to everyone who faces the challenges that I have faced.”

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Quick Reference

Planned Giving

Lori Osowski
Director, Charitable Gift Planning
336-716-1058
losowski@wakehealth.edu

Office of Philanthropy 
Wake Forest Baptist Medical Center
P.O. Box 571021
Winston-Salem, NC
27157-1021
Ways to Give

Disclaimer: The information on this website is for general informational purposes only and SHOULD NOT be relied upon as a substitute for sound professional medical advice, evaluation or care from your physician or other qualified health care provider.

A charitable bequest is one or two sentences in your will or living trust that leave to Wake Forest Baptist Medical Center 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, [name], of [city, state, ZIP], give, devise and bequeath to Wake Forest Baptist Medical Center [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 Wake Forest Baptist 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 gift 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 receive an immediate federal income tax charitable deduction. 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 Wake Forest Baptist as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 Wake Forest Baptist 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 Wake Forest Baptist where you agree to make a gift to Wake Forest Baptist 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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