Skip to Content

Gift Planning

A Mission to Believe In

Dr. Fred and Lillian Hall with their children and grandchildren

Dr. Fred and Lillian Hall with their children and grandchildren

By Monica Tiffany

"I've been employed by Children's Mercy since 1980," Dr. Fred Hall says. "It's been a good long run. In all that time, I've never known which families have insurance and which ones don't—it's irrelevant. Children's Mercy never turns anyone away."

Dr. Hall's wife, Lillian, nods and adds, "We made our legacy gift because that's a mission we believe in."

The value of philanthropy as a life view has been important to the Halls for years. They have supported organizations they believe in and have given back to their community. They have also passed that value down to their children and impress it upon their grandchildren.

Their legacy gift to Children's Mercy ensures that their generosity will continue to benefit the community for years to come.

The Halls chose to create their family foundation through the Community Foundation to benefit Children's Mercy. They have the freedom to add to it as they choose, while enjoying short and long-term tax benefits. "We didn't want to stop supporting all of the organizations we have for years, and this plan lets us do that. It gives us the flexibility we wanted without cutting into our assets right now," Dr. Hall says.

"We all have a shared responsibility to care for those in need. A legacy gift was the most sensible way for us to honor that responsibility."

Help Those in Need Without Giving Up Assets Today
When you make a legacy gift through your estate like the Halls did, you can make a lasting difference without dipping into your everyday cash flow. Contact Phil Watson at (816) 701-4339 or pawatson@cmh.edu">pawatson@cmh.edu to start crafting your legacy.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to Children's Mercy a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Children's Mercy, a nonprofit corporation currently located at Kansas City, MO, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Children's Mercy or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Children's Mercy as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Children's Mercy as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Children's Mercy where you agree to make a gift to Children's Mercy and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.