Bruce Lane and Steven Gillette always cared a great deal about making the world a better place. They generously donated to many charities throughout their lives, including Hospice of Central New York for nearly 25 years. Both Bruce and Steven have passed away, Bruce in 2010 at age 57 after a battle with pancreatic cancer and Steven in 2018 from unexpected complications of influenza. Their generosity, however, lives on. These gentlemen made sure that their support for the charities that they were passionate about would continue beyond their death.
Bruce and Steven put a plan in place through a combined trust and estate gift that will provide annual support to nine charities for years to come. Bruce and Steven utilized the Central New York Community Foundation to create a $2.5 million fund that will benefit Hospice of Central New York and Hospice of the Finger Lakes, along with eight other charitable organizations. Endowment funds such as these are designed to benefit the community in perpetuity.
Each of the charities selected had special meaning to Bruce and Steven. According to the CNY Community Foundation, they believed in “giving people opportunities who otherwise might not have them and taking care of all living beings with dignity and respect”. For years Hospice has offered support, comfort, and dignity for those living with disabling/terminal conditions. Our mission was a great fit for Bruce and Steven’s beliefs, and we are very grateful for their generosity.
The fund that they established will use a percentage of investment earnings each year to support the nine charities. The remaining fund balance will be invested, allowing growth to keep up with inflation and increase the spending allowance over time. The cumulative amount of grants awarded over time is expected to exceed the original amount of the fund. Hospice is honored to be chosen as one of the charities that Bruce and Steven selected to benefit from their legacy.
There are many options for planned giving, and long-term gifts provide financial stability for the future of Hospice. There is no better way to ensure that future generations will get the end-of-life care that they need and deserve. If you are interested in leaving a planned gift to Hospice, talk to your financial advisor or contact Caryn Hughes at the Hospice Foundation of Central New York at 315-634-1100.