Frank J. Gilbride II, new member GH Board of Trustees – Greenwich Hospital Office of Development

Frank J. Gilbride II, new member GH Board of Trustees

Frank J. Gilbride II, new member GH Board of Trustees

Categories: News

In the boardroom: Meet Frank J. Gilbride II, new member of the Greenwich Hospital Board of Trustees

Frank J. Gilbride II, Member, Greenwich Hospital Board of Trustees

As one of the founders of Gilbride, Tusa, Last and Spellane LLC, Frank Gilbride has been practicing law for almost 50 years.  He heads the Private Clients Group at the 19 attorney Greenwich and New York City law firm that specializes in wealth preservation, trust and estate planning, commercial and residential real estate and corporate work.

After graduating from Fordham University School of Law in 1967, Mr. Gilbride worked as an attorney at a Wall Street law firm until 1978. Shortly thereafter, he began his full-time practice in Greenwich, where he feels fortunate to live and work in such a wonderful community.

Mr. Gilbride began serving his term as a member of the Greenwich Hospital Board of Trustees last November after being asked to become involved by longtime friend and current co-chairman of the board, Arthur Martinez. One of his primary goals as a board member is to help educate people in the Fairfield County and Westchester County communities about the top medical practitioners and services available at Greenwich Hospital. “Greenwich Hospital has the best, most qualified medical team, so there really is no need for area residents to commute to New York City for care,” he said. “I am honored to serve on the board and the finance and audit committee of this world-class healthcare facility.”

He considers himself a proponent of Greenwich Hospital, and believes that supporting local businesses and investing in the community is very important. “Giving to charity is a very personal decision,” he said. “It is part of an overall wealth preservation endeavor that should be looked at holistically as part of a complete estate plan. There are many estate planning tools available that offer substantial tax benefits to donors and their families.”

Mr. Gilbride has helped many of his clients who wish to include Greenwich Hospital in their estate plans, noting that he advises his clients that it is best to make charitable gifts while they are still living rather than at death because doing so offers both income tax and estate tax advantages.  “Focusing on philanthropic goals as part of an overall wealth preservation plan should not be overlooked,” he said.

There are several ways for a person to achieve their philanthropic desires that can benefit a donor and his or her heirs, as well as organizations like Greenwich Hospital. These strategies can create income and gift tax benefits, while reducing an individual’s taxable estate. Some of the common options for tax-efficient charitable giving include funding gifts with appreciated assets, contributing to a donor advised fund, setting up a charitable gift annuity, and setting up a charitable remainder trust. The particular strategy suitable for any individual will, of course, depend on his or her unique circumstances.

For more information on how to determine what type of gift best suits your personal and financial circumstances, please contact your attorney and financial advisor and let them know you are considering a planned gift to Greenwich Hospital.