The Shaw Legacy Society

Memorial Building for Benjamin F. and Helen M. ShawThe Shaw Legacy Society was named for Benjamin F. and Helen M. Shaw, Wilmington residents who had a summer home in Rehoboth Beach. They met Beebe founders Dr. James Beebe, Sr. and Dr. Richard Beebe as patients at the Beebe's medical clinic located in a cottage on Rehoboth Avenue. Mr. Shaw, who had a long history of association with the Delaware Hospital in Wilmington, recognized the need for healthcare facilities near his summer home.

Through their $100,000 donation to Beebe in 1921, the Shaw family sowed the first seeds of philanthropy that would become vital to Beebe's success. This first gift to Beebe funded the construction of the hospital and provided it with 35 beds, operating and delivery rooms, and an x-ray department.

The Shaw Legacy Society was established to recognize donors who have remembered Beebe in their will or estate plan or with a gift that is providing them with lifetime income. Members invest in Beebe's mission to provide the best care close to home and extend their support by making a gift with lasting impact. We invite you to consider a legacy gift to Beebe Healthcare.

People smiling outside buildingEasy to Join

Joining the Shaw Legacy Society is easy to do. If you have made a planned gift of any kind and of any size to Beebe Healthcare's mission, you are eligible for membership. All you have to do is let us know. Please call, email, or send us your information to make sure your wishes are followed.

Consult with your legal, tax and/or financial advisor if you are thinking about making a planned gift to Beebe. They can give you specific advice about tax advantages and the most beneficial form and timing of planned giving for you.

Ask us questions. If you have already made provisions for Beebe Healthcare in your will, or you would like to discuss a bequest or any other form of planned gift, please contact Beebe Medical Foundation President Judy L. Aliquo, CFRE at 302-644-2900, Ext. 17 or jaliquo@beebehealthcare.org.

For beneficiary designations, please use the legal name Beebe Medical Foundation and the foundation's federal tax ID #: 51-0319455. Thank you!

A charitable bequest is one or two sentences in your will or living trust that leave to Beebe Medical Foundation 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

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to the Beebe Medical Foundation [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 the Foundation 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 the Foundation 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 the Foundation 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 the Foundation where you agree to make a gift to the Foundation 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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