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Gift Planning
DEARBORN LEGACY SOCIETY
The Dearborn Legacy Society honors friends who have the foresight to provide for Tufts Medical Center and Floating Hospital for Children in their estate plan. In addition to giving the Medical Center the opportunity to recognize these loyal supporters, the Dearborn Legacy Society serves as a meaningful example for others who may be considering supporting Tufts Medical Center and Floating in this important way.
HISTORY OF THE DEARBORN LEGACY SOCIETY
The Dearborn Legacy Society is named for Benjamin Dearborn (1755 -1838), a renowned teacher, inventor and philanthropist. Among his accomplishments was the writing and publishing of the first American grammar in 1785; a recommendation to Congress in 1819 that steam carriages be built to run on steel rails; and initiating the idea to urge useful employment of convicts in state prisons
Benjamin Dearborn's will, published as a pamphlet at his request, provided that it is my desire that my Real Estate may eventually be converted into a Charitable Fund for alleviating the miseries of enfeebled and disconsolate Sufferers. He directed that his real estate holdings (about $90,000) shall be at the disposal of the officers of the Boston Dispensary (predecessor of Tufts Medical Center), to be by them appropriated to the charitable purpose expressed in the first passage.
Benjamin Dearborn's bequest to the Boston Dispensary allowed for the purchase of the hospital's first central facility in 1856, a small house on the corner of Ash and Bennet Streets in Boston's South Cove area. The house had "a green lawn in the front and the ocean at its back," according to records, as in those days the South Cove extended at high tide into Harrison Avenue. A medical and a surgical clinic were opened in the building for patients "able to leave their [own] beds." In the first year in the new building two and one-half times as many patients were seen, and at half the cost of those who were treated in their homes during the same period.
MEMBERSHIP IN THE DEARBORN LEGACY SOCIETY
Individuals who have notified Tufts Medical Center and/or Floating Hospital for Children of their plan to include the Medical Center in their estate plan will be welcomed to the Dearborn Legacy Society. Types of legacy gifts include:
- A bequest
- A planned gift, such as a charitable gift annuity or a charitable remainder trust.
- The naming of Tufts Medical Center/Floating as the beneficiary of retirement assets
- The gifting of a paid-up life insurance policy.
- A gift of real estate
BENEFITS OF THE DEARBORN LEGACY SOCIETY
Benefits of the Dearborn Legacy Society include:
- Invitations to special Medical Center events.
- The receipt of Medical Center news and publications.
- Permanent listing, with the member's consent, in the Medical Center's annual donor honor roll as a Dearborn Legacy Society member.
If you have already remembered Tufts Medical Center and Floating in your estate plan or would like to receive information on making a bequest or planned gift, please contact Christine Flynn at (617) 636-1799; cflynn@tuftsmedicalcenter.org, or visit our Gift Planning Web site at www.tuftsmedicalcenter.org/giftplanning.
Copyright © Tufts Medical Center, All rights reserved.
The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.
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