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Gift Planning

Employee Makes Children's Mercy Her Legacy Choice

Liz Edmundson

Liz Edmundson decided to include Children's Mercy in her estate plan by naming us a beneficiary of her IRA.

Liz Edmundson began her career at Children's Mercy in December of 1990 as a student nurse. She fell in love with the hospital and has been here ever since.

In 28 years, Liz's love for Children's Mercy has never diminished and she still cares for patients, now serving as the nurse manager for Comprehensive Pain Management. The path from student nurse to nurse manager was filled with opportunities, Liz says, thanks to Children's Mercy investing in her.

The opportunities Liz cites as a result of Children's Mercy are numerous. Through employee-assistance scholarships given by Children's Mercy, Liz pursued and achieved her Ph.D. She has participated in research projects and even presented on her work in China.

Liz's nursing career has been filled with growth and for that, Liz is very grateful.

"I've always felt very supported. That takes dollars," Liz says.

Gratitude for all of the unique opportunities she's received translated into a desire to give back to the organization that has given her so much.

Partnering with Gift Planning

About three years ago, Liz and her partner, Jeff, decided it was time to do some financial planning. As luck would have it, a member of the Gift Planning team had recently visited the pain clinic and Liz reached out to her for advice.

"I'm not a rich person, but I wanted to do something," Liz says.

In response to Children's Mercy investing in her through her education, contributing to her retirement plan and more, Liz knew she wanted the money she'd earned through her retirement plan to go back to the hospital.

"It's what the hospital invested in me."

Working with the Gift Planning team, Liz went online and changed the beneficiary designation of her IRA to Children's Mercy and describes the whole process as "extremely easy." About the donation, Liz says, "Children's Mercy invested so much in me. It seems normal that I should reciprocate."

Making Children's Mercy Your Charity of Choice is Easy

Children's Mercy is one of the leading nonprofit pediatric medical centers in the country, and the only children's hospital in the region. Bringing hope and healing to nearly 250,000 patients each year, regardless of their family's ability to pay takes highly trained pediatric specialists and caring professionals, like Liz, as well as the generous aid of our community. Designating Children's Mercy as a beneficiary of your retirement plan is a simple process. The Children's Mercy Gift Planning team is happy to assist you. Please give us a call (816) 701-4339.

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.