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Brad’s baby sister was turning blue. Born with a heart condition, she wasn’t getting the oxygen she needed.
Luckily, she was at the right hospital at the right time. It was the 1960s and Stanford cardiologists were making news for finding a solution to “blue baby syndrome.” Norman Shumway, MD, a pioneer in heart surgery, successfully repaired Brad’s sister’s heart. The Murray family was deeply grateful, and as Brad grew up and went on to build a career in property management, he never forgot the impact receiving extraordinary care could have on the life of a child.
Brad’s wife, Ginny, a retired administrative assistant at IBM and Lockheed Martin, had similar memories of watching a family member receive life-saving care. This time it was at the hands of renowned pediatric cardiothoracic surgeon Frank Hanley, MD. Ginny’s niece was born with tetralogy of Fallot, a complex congenital heart condition for which Hanley had developed a unique procedure to solve.
“My brother and his family had nothing but wonderful things to say about Dr. Hanley and their experience at the Heart Center,” Ginny says.
So when it came time for the Saratoga couple to select a cause to support with their charitable remainder trust (CRT), the decision was easy.
“Lucile Packard Children’s Hospital Stanford is a special place where families can find compassionate support, education, and respite from stressful health challenges,” says Brad. “We are proud to be able to support them in their work.”
Several years ago, Brad and Ginny donated real estate to fund a CRT and received a tax deduction for a portion of the appraised property value. Initially they were trustee of the CRT, but once the property was sold last year, Lucile Packard Foundation for Children’s Health became trustee. The Foundation partnered with TIAA Kaspick to invest the proceeds from the sale. Brad and Ginny no longer have the burden of managing the CRT and will receive a regular stream of income for the rest of their lives. After they both pass away, the remaining trust assets will go to support charitable causes, including Lucile Packard Children’s Hospital Stanford.
“The wonderful part of a charitable remainder trust is that our family can receive an income stream, but the remainder goes to our favorite charities,” Ginny says. “We hope that our gift is able to help many children and families.”
The couple’s daughter is expecting their first grandchild this summer, and Brad and Ginny hope their gift helps build healthier lives for future generations. “We want to help to find cures for many types of diseases that affect children in our area and beyond,” Brad said.
Thank you, Brad and Ginny, for your generous support of our patients and their families through your charitable remainder trust!