The Legacy Report - Spring 2025

THE

legacy report

AN ESTATE AND CHARITABLE GIFT PLANNING GUIDE FROM THE ENGLEWOOD HEALTH FOUNDATION

SPRING 2025

A Legacy of Care: The Rubach Family’s Commitment to Advancing Nursing Excellence at Englewood Health For JoJo and Alison Rubach, philanthropy is a deeply held family value.

When the longtime benefactors sought to make a meaningful impact at Englewood Health, their focus was clear: supporting the nurses who provide expert, compassionate care to growing families.

Alison’s mother, Diane Holzberg, dedicated her career to nursing—including many years at Englewood Health—instilling in her daughter a profound respect for the profession.

Inspired by Diane’s commitment and the vital role of nurses, the Rubachs designated a leadership-level gift to advance nursing education and training in The Karen and Gary Singer Family Family Birth Place. Their generosity helps ensure that labor and delivery nurses receive all the resources and support needed to provide the highest quality care.

“Nurses are at the heart of every birth story. Their expertise, comfort and reassurance guide families through one of life’s most memorable moments,” says Alison. “By investing in professional development, we are helping ensure that every new mother and baby at Englewood Health receives extraordinary care.”

The Rubachs named the Englewood Health Foundation as a beneficiary of their life insurance policy—an easy way to create a

Diane Holzberg (formerly Diane Angioletti) celebrating her nursing school graduation from Roosevelt Hospital in New York City (now St. Luke’s-Roosevelt Hospital Center).

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A Legacy of Care: The Rubach Family’s Commitment to Advancing Nursing Excellence at Englewood Health Continued from Page 1

lasting legacy. Many donors choose to designate an existing asset like a life insurance policy to extend their support for future generations. Others find that the original intent of their policy has changed and redirect the asset to a meaningful cause.

In recognition of their generosity, The Alison and JoJo Rubach and Family Labor and Delivery Unit now bears their name. “This is about giving back to a place that gives so much,” says JoJo. “We want to help nurses grow in their expertise so they can continue providing the best possible start for families.”

The Rubach’s gift is a tribute to nurses and their unwavering dedication, which will leave a lasting legacy and help shape the future of care at Englewood Health.

Your Family, Your Wishes Everyone defines “family” differently. No matter what yours looks like, creating your estate plan can make your love for them last forever. Here are four vital steps to take for you and them:

1. Make a Will—Today The good news is, no matter what your family situation, a properly executed will or living trust will speak powerfully for you after your passing. If you have a complex estate and/or family situation, a qualified estate planning attorney can ensure that your estate plan covers all the bases. Do nothing, and the state where you reside will distribute your assets—regardless of your wishes.

2. Update Your Beneficiaries Your will or trust doesn’t cover assets such as retirement plans, life insurance policies, donor advised funds and commercial annuities. You fill out separate beneficiary forms to determine who receives them. Review those names every two or three years to ensure they reflect your current wishes.

3. Create or Update Powers of Attorney An updated and properly executed financial power of attorney, health care power of attorney and advance directive form are critical parts of any estate planning process. You can name a trusted individual to make financial and healthcare decisions for you in the event you are unable.

4. Make Your Wishes Crystal Clear Have face-to-face discussions or phone calls with those you name as guardians of minor children or pets. Include a statement or legacy letter in your will or trust that explains decisions such as leaving a legacy gift to a nonprofit in honor of a loved one.

To learn more about how you can pay tribute to an important person in your life through your estate, see back page.

We Are Here to Help

For assistance, please contact Karen Asch at 201.894.3725 or Karen.Asch@EHMCHealth.org.

JoJo and Alison Rubach

Coming Soon: Tax Code Changes You may have heard about certain tax laws “sunsetting” this year and wondered what was up. Here’s a brief Q&A to shed some light:

Q: What is the Tax Cuts and Jobs Act? A: That 2017 law overhauled the tax code. It changed tax brackets and increased the standard deduction, the estate tax exemption, the child tax credit and more. It took effect Jan. 1, 2018, but many benefits are due to expire at the end of this year.

Q: Will some of its benefits be renewed?

A: Possibly. It’s up to Congress to decide what stays and what goes. If no action is taken by Dec. 31, 2025, the tax laws will revert to what they were in 2017.

Q: What does this mean for my charitable giving?

A: Three words: Stay the course. Your options for giving—both now and in the future—remain unchanged. Don’t wait for new tax laws and lose an opportunity to make a difference at a nonprofit you love and possibly enjoy tax benefits too.

Q: Which gifts should I consider?

A: You can choose from several popular options: • A gift in a will or trust • Beneficiary designations • Gifts from your IRA • Gifts of appreciated property • Donor advised funds Q: If I need more information, who should I talk to?

A: For guidance on how new laws could affect your finances or tax bracket, talk to your financial advisor or tax attorney.

Support the Future of Nursing By 2030, the U.S. will face a shortage of 1.1 million nurses.

The Englewood Health Foundation is committed to changing that by providing financial support to students pursuing nursing careers and advanced degrees.

Since 2022, the Leslie and Stephen Jerome Center for Nursing Pathways has been empowering nurses and creating a pipeline for future talent. Your support helps break down financial barriers, providing critical funding to those advancing in their nursing careers.

Now is the perfect time to invest!

May’s celebration of National Nurses Week reminds us of the vital role nurses play in healthcare. You can help build the next generation of nursing professionals and ensure a strong, sustainable healthcare system.

Together, we can shape the future of nursing excellence! Contact Karen Asch at 201.894.3725 or Karen.Asch@EHMCHealth.org.

A Perfect Way to Honor Someone Special Who has inspired you on your life’s journey?

Few of us find success and happiness on our own. We rely on the encouragement of others including family, friends and mentors.

Maybe some of these important people even connected you to the causes and organizations you cherish today.

If someone in your life inspired your commitment to supporting the health and well-being of the community, what better way to honor them than by attaching their name to something that will celebrate their legacy of kindness?

Create a tribute gift to the Englewood Health Foundation in your special person’s name and you will: • Publicly honor the important role they played in your life.

• Give the community access to quality, compassionate care.

• Possibly enjoy tax benefits.

You can give the Foundation a gift in someone’s honor today or in the future: • A gift today can fund immediate needs or upcoming projects and let you and your loved one, if they are still living, see your generosity in action.

• A future gift in your will or through a beneficiary designation can honor your inspiration without affecting your finances now.

350 Engle Street Englewood, NJ 07631 Karen Asch 201.894.3725 Karen.Asch@EHMCHealth.org https://englewoodhealthfoundation.planmylegacy.org/

How Can You Start Honoring Your Hero?

Our FREE guide, Give From the Heart With a Tribute Gift, shows you how to put your feelings of gratitude into action, providing details on your various gift options. It even highlights a way you can honor your special person forever!

To request your complimentary guide, please contact the Foundation at 201.894.3725.

© The Stelter Company Information contained herein was accurate at the time of printing. The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.