Children's Future Legacy Society

When you plan a legacy gift for Children’s Hospital of Michigan Foundation, you join a special group of people. The Children’s Future Legacy Society recognizes our donors who have stepped up to secure the future health and well-being of Michigan’s children.

How Do I Join?

Tell us that you’ve included Children’s Hospital of Michigan Foundation in your estate plans. There is no minimum gift amount to join and disclosure of the gift amount is not required, but letting us know will help us with our future planning. You may choose to remain anonymous and you will not be listed publicly.

To make it easy, you can complete and return this Gift Notification Form.

Members of the Children's Future Legacy Society

(The list of inaugural members is currently under formation. Please contact us today to learn more about joining the Children’s Future Legacy Society.)

We Can Help

We would love to work with you to help you create a lasting legacy that honors your values for many years to come. Please contact us today to learn more about joining the Children’s Future Legacy Society.

Next Steps

  1. Contact George Westerman or call (313) 745-9344 for additional information on beneficiary designations and how they can help support the Foundation with our mission.
  2. Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
  3. If you name the Foundation in your plans, please use our legal name and federal tax ID.

Legal Name: Children's Hospital of Michigan Foundation
Address: 3901 Beaubien Street Mailslot #257, Detroit, MI 48201
Federal Tax ID Number: 32-0087353

A charitable bequest is one or two sentences in your will or living trust that leave to Children's Hospital of Michigan Foundation 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 Hospital of Michigan Foundation, a nonprofit corporation currently located at 3901 Beaubien Street Mailslot #257, Detroit, MI 48201, 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 the Foundation 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 gift 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 receive an immediate federal income tax charitable deduction. 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 the Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 the Foundation 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 the Foundation where you agree to make a gift to the Foundation 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.

eBrochure Request Form

Please provide the following information to view the brochure.