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Gift Planning

Honoring a Loved One Through a Charitable Gift Annuity: Paul Stewart

Paul Stewart and his daughter Susan Griffey

Paul Stewart and his daughter Susan Griffey at a Legacy Event

There are many wonderful reasons Paul Stewart supports Children's Mercy. One of the most important is named Jessie.

On Sunday, Aug. 13, 1978, Jessie Anne Griffey, the granddaughter of Paul and Virginia Stewart and daughter of Monte and Susan Griffey, was born with a nasofrontal encephalocele—a protrusion of brain tissue through a congenital fissure in the skull.

North Kansas City Hospital pediatrician Joachim Brill, MD told Jessie's parents that he was unable to correct the deformity, but he would find someone who could. After several hours, Dr. Brill delivered on his promise and said Children's Mercy was ready and waiting for Jessie. With Jessie in her father's arms, Dr. Brill drove them to Children's Mercy and stayed with them until Jessie was checked in and that her surgery was scheduled.

Children's Mercy neurosurgeon Fred Fowler, MD, performed a very successful corrective procedure. After a 10-day stay at the hospital, outpatient therapy and several follow-up treatments, Jessie is a healthy and active 37-year-old living in Kearney, Missouri today.

The generosity and loving care provided by Children's Mercy inspired Paul and Virginia Stewart to become financial supporters of the hospital. They had both grown up during the Great Depression and knew what it was like to be poor and in need. They decided that when they had the means, they would give back to help other families.

After Virginia's death in 2002, Paul was looking for a way to honor her life and continue their financial support of Children's Mercy. An employee of the hospital and long-time friend suggested a Children's Mercy charitable gift annuity. Paul liked the guaranteed lifetime income, as well as the tax benefits that a gift annuity provided him. Equally important to him was the future support it would provide to the hospital.

Since that initial conversation, Paul has bought a Children's Mercy charitable gift annuity in each of the past 14 years.

“I cannot think of a better way to honor Virginia, and to say thanks to Children's Mercy.”
—Paul Stewart

Start Planning Today for Children's Mercy
Learn more about the many benefits of a charitable gift annuity by contacting Phil Watson at (816) 701-4339 or

eBrochure Request Form

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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.