Gift from Barry and Renee Brandeis Supports New Cardiac Center - And the Brandeis Family
Barry and Renee Brandeis, wanting to support their loved ones and Peconic Bay Medical Center, have established a charitable trust that over a period of years is making payments to help create Peconic Bay Medical Center's new cardiac care center - with the trust remainder then returning to their family.
"We believe in the need for a quality community hospital," they said. "By interacting with the excellent staff, we see the good work that they do."
Charitable lead annuity trusts provide significant tax benefits and annual support of a charity while also ensuring that the principal will eventually be available to the family. "A charitable lead trust creates benefits over a period of time," Barry explained.
Barry has served on the Board of the Peconic Bay Medical Center Foundation and has also been a patient at the Hospital. Renee has been a volunteer for the annual fundraising event, "A Benefit in Black & White."
Barry is a business executive who has MBA degrees in both management and finance and also completed coursework for a doctorate. He has been honored in Who's Who in Finance and Industry. Renee has a bachelor's degree from Penn State University, where the couple met. They have been married for 46 years, have two children, and five grandchildren.
The trust payments will support the Kanas Regional Heart Center that will be housed in Peconic Bay Medical Center's new $60 million Critical Care Tower.
"We are very proud to be a part of the tremendous positive changes in and the growth of the Medical Center," Barry and Renee said. "Everyone needs a quality institution like this."