It is well known by most that Dr. Balaji Govindaswami is truly a champion for the Valley Medical Center. In his role as Chief of Newborn Medicine, his professional skills as a physician combined with his leadership skills are invaluable to the hospital in serving truly the most vulnerable in our community. What most people do not know is how Dr. Govindaswami is also a champion for the VMC Foundation Legacy Program. In the process of developing his personal financial plan he learned about an opportunity to secure his own financial future while simultaneously creating greater financial security for the VMC Foundation.
“Working with our charitable planning specialist Dave Culler, I discovered a way to build wealth with less risk, keep attractive retirement income options open, reduce my overall taxable estate and provide future financial security for the foundation.”
As a board member of the VMC Foundation, Balaji supports the hospital with his time and energy. He also supports the foundation financially with yearly contributions. The Legacy Program support is different in that he is able to take dollars that are on a default path to the government in form of taxes and redirect those dollars for his own use and for the support of the foundation.
“It can sound somewhat complicated, but it’s really very simple. I was glad to hear about the possibilities and feel fortunate to benefit personally while supporting such a great cause like the VMC Foundation.”
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“People who named charities in their wills gave more than twice as much annually than those who did not.”