Giving for the Future:
Sarah Ann and Jim Mahoney

As residents of Needham for more than 40 years, Sarah Ann and Jim Mahoney believe that healthcare is vital to the community—especially now more than ever. That is what has kept them motivated to devote time and resources—including a planned estate gift—to ensure their hometown institution thrives throughout this complex public health crisis and beyond.

“BID Needham isn’t just bricks and mortar. It provides accessibility and allows us to meet the greater needs of the area,” says Sarah Ann.

Jim, a former chair of the Board of Trustees at the hospital, agrees—so much so that he has encouraged his family to get involved, including his brother William, a former trustee and current advisor, and his daughter Ellen, a local pediatrician and a hospital advisor.

“Unless you give the time as well as your financial gifts, you don’t get as rich of an outcome,” says Sarah Ann.

The couple is proud that BID Needham has established itself as a leading community hospital. “We believe we have to fund the future of the hospital with established planned giving,” says Jim. “Financial commitments are critical to healthcare institutions like BID Needham.”

Jim spent 35 years in finance and knows a good investment when he sees one—but he says even an investment novice can easily make a planned gift.

“It’s literally one piece of paper, so you just call your insurance company or financial advisor and that’s it,” says Jim. “Planned giving is a way to increase your donation to the hospital over time when you might not necessarily have cash on hand today. This was my way to demonstrate my commitment, continue my legacy, and allow generations to come to have this outstanding hospital to rely on.”