Start Planning For Tomorrow
Estate planning doesn’t have to be complex. Just like the care we provide to our patients, let us help provide the tools you need based on your personal wishes and goals.
Make a will
Creating a will is a flexible gift planning option that allows you to protect your family and loved ones while supporting the causes you care about in the future. You may choose an attorney or use our FreeWill tool
for easy planning.
Designate charitable beneficiaries
Adding Children’s Medical Center Foundation as a beneficiary to your cash or retirement accounts, donor-advised fund or even life insurance policy is an easy and free way to support our mission.
Create a charitable gift annuity (CGA)
A Charitable Gift Annuity helps you achieve predictable financial security while also making life better for children. By donating cash, stock or a qualified charitable distribution from your IRA, you can benefit from tax savings and receive consistent payments for your lifetime in return.
Fund a charitable remainder trust (CRT)
If you have appreciated assets and are looking for a trust that will grow with inflation, a Charitable Remainder Trust may be best. A CRT can be funded with cash, stock or real estate and will produce a variable income for your lifetime. The remainder from the invested funds will support Children’s Health when the trust is terminated.
Establish a charitable lead trust (CLT)
A Charitable Lead Trust is like a CRT but initially supports the charity instead of at its termination. You or another beneficiary will receive the remaining funds at the end of the trust’s pre-determined term. This is a great way to support Children’s Medical Center Foundation during your lifetime, receive a tax deduction and avoid capital gains.
Donate a life insurance policy
A life insurance policy can be used to support our nonprofit in two unique ways: include Children’s Medical Center Foundation as a beneficiary of your policy or transfer ownership of the policy. When you donate a life insurance policy, you or your estate may benefit from a tax deduction.
Learn More
Looking for some inspiration? Read about how some of our donors were able to make their biggest impact.
Still need more information? Contact our team for additional insight into creating a plan that’s right for you.
Ready to leave a legacy? Let us know about your plans and become a member of our Bradford Society.
Important Considerations
Before pursuing this giving method, donors should be aware of the following:
Choose the right tool for your situation: Each planned giving vehicle — bequests, trusts, annuities, life insurance, beneficiary designations — has different tax implications, irrevocability, and suitability depending on age, assets, and estate goals. Use the links on this page to explore each option in detail.
Work with your own advisor: Children's Medical Center Foundation's Legacy and Gift Planning team can help you understand your options, but they are not your legal or financial advisors. We encourage all donors to engage their own estate attorney, CPA, or financial planner before finalizing any gift.
Gifts can be structured to benefit you and your family: Many planned gifts — such as charitable gift annuities, charitable remainder trusts, and charitable lead trusts — are designed to provide income or other benefits to you or your heirs, not just to our mission.
Let us know your plans: Once you've included Children's Medical Center Foundation in your estate plans, please notify us. This allows us to properly steward your legacy and recognize you as a member of the Bradford Legacy Society.
Flexibility varies by gift type: Some instruments (wills, beneficiary designations) can be updated at any time. Others (trusts, annuities) are irrevocable. Make sure you understand the permanence of your commitment before proceeding.
This information is not intended as tax, legal, or financial advice. Consult your personal financial advisor for information specific to your situation.
Key Rules and Guidelines
The following IRS rules, limits, and requirements apply to this giving method:
All planned gifts require documentation: Every planned giving instrument — whether a bequest, trust, or annuity — requires proper legal documentation. Many instruments must comply with IRS rules to qualify for the intended tax benefits.
Children's Medical Center Foundation EIN: Our Federal Tax Identification Number is 75-2062015. This number should appear in all estate planning documents that reference Children's Medical Center Foundation.
Gift acceptance policies apply: Not all asset types are accepted for all gift vehicles. The Foundation reserves the right to accept or decline proposed gifts in accordance with its gift acceptance policies.
State laws apply: Estate planning instruments are governed by the laws of the state in which they are executed. Texas law applies to most donors, but out-of-state donors should consult attorneys licensed in their state.
SECURE Act 2.0 updates: SECURE Act 2.0 (2022) updated required minimum distribution ages, IRA-to-charity transfer limits, and expanded the Legacy IRA provision. Donors with retirement assets should review how these rules affect their planning.
Rules and limits referenced above reflect current law. Tax law is subject to change. Please consult a qualified tax or legal professional for advice specific to your situation.
Interested in learning more?
Reach out to our Legacy & Gift Planning team today to learn about ways to make a tax-smart gift.
Let us know
If you have been so generous as to already include Children’s Medical Center Foundation in your plans, please complete our recognition form to join our Bradford Society.
Explore Additional Ways to Give
When you make a planned gift, you are providing the places you care about a sustainably funded future, while also leaving a personal legacy you can be proud of.
