Sparrow Foundation Planned Giving

Sparrow Foundation Planned Giving

Your generosity today will help the patients of tomorrow heal.

Join the group of dedicated individuals who believe in investing in the health of our community. People are often surprised to learn how easy it is to make a difference. Many choose to give assets, including IRAs, securities, real estate, insurance benefits, and cash. Let us help you choose the right gift for your desired impact.

Leaving a Legacy

Including UM Health-Sparrow in your will or estate plans is easy. Please read below for an outline of options and goals to consider when deciding whether to make a current or future gift to UM Health-Sparrow.

If Your Goal Is To:

Then You Can:

Your Benefits Will Be:

Make a quick and easy gift.

Simply write a check or use a
credit card to make a gift now.

 A possible income tax deduction
and an immediate impact on the
care that UM Health-Sparrow provides
each and every day.

Avoid tax on capital gains.

Give appreciated stock or certain
bonds that you own.

A possible income tax deduction for the fair market value of the stock/bonds, while avoiding the federal capital gains tax as well as the state income tax on the appreciation.

Defer a gift until after your lifetime.

Include a charitable bequest in your will.
In addition to cash, a beneficiary designation, specific property, or a percentage of your estate, there are many more ways this can be accomplished. Keep reading for additional gift avenues.

Potential estate tax savings and the ability to retain assets for your benefit during your lifetime.

Make a large gift with little cost.              

Give UM Health-Sparrow a life insurance
policy you no longer need.

Current and possible future income tax savings, (if ongoing support offsets premiums).

Maximize your heirs' inheritance while benefiting UM Health-Sparrow.

Name UM Health-Sparrow as the beneficiary of your retirement account; leave other assets to family.

A potential reduction of estate and income tax for your heirs.

Avoid capital gains tax on the sale of a home or other real estate.

Give all or a fractional interest
in the property to UM Health-Sparrow.

A possible income tax deduction
plus the elimination of all or
some capital gains tax.

Create a charitable gift while continuing to enjoy your home.

Give your personal residence or farm to UM Health-Sparrow while retaining use for life.

An immediate charitable deduction
and a reduction in estate
taxes - if applicable.

Secure a fixed income while reducing market risks.

Establish a Charitable Gift Annuity or a Charitable Remainder Annuity.

Tax benefits and often a higher
rate of return than from
existing fixed income investments.

Create a hedge against inflation over the long term and diversify your portfolio, deferring and potentially reducing capital gains.

Establish a Charitable Remainder Unitrust.

An immediate charitable
deduction and a variable
income stream for life.

Reduce gift and estate taxes on assets you pass to your heirs.

Create a Charitable Lead Trust that pays income to UM Health-Sparrow for a specific number of years.

A gift or estate tax deduction,
tax shelter protection for
appreciated assets and retained ownership of those assets

*In each of the instances outlined above, please consult your Financial Advisor or qualified tax professional for specific recommendations.

Legacy Society

Those future-minded individuals who choose to include UM Health-Sparrow in their estate planning are recognized through our Legacy Society. You will be invited to share your UM Health-Sparrow story, attend special events and be recognized at the time your gift is documented, and so much more. We hope to connect with you during your lifetime to share how your future gift will help impact the patients of tomorrow.

When you choose to include UM Health-Sparrow in your Will or Living Trust, the following language may be useful to you and your estate attorney:

“I give and devise to Sparrow Foundation, Lansing Michigan, the sum of $___________ or ______ percentage (of identified assets or available distribution) to be held, administered, and used by the Sparrow Foundation for support of UM Health-Sparrow Health System in the area of greatest need (or designate an area of your choice within the health system). I instruct that all my charitable gifts shall be made, to the extent possible, from property that constitutes “income in respect of the decedent” as the term used in the internal Revenue Code.”

When you choose to give to UM Health-Sparrow, we begin by documenting your wish on a Statement of Intent form. While this form is not legally binding, it is a formal way of articulating your desire to support our life-saving work through a future gift. It also allows us to explore where and how you would like that future gift designated.

In turn, this allows UM Health-Sparrow to recognize your gift and your commitment to the health of our region during your lifetime.

Philanthropist League

When your total giving reaches $10,000 or more, you become part of our Philanthropist League. Join the group of dedicated individuals who believe in caring for the health of our community.

Philanthropist League Giving Levels

  • Investor: $10,000 - $24,999
  • Partner: $25,000 - $49,999
  • Altruist: $50,000 - $99,999
  • Ambassador: $100,000 - $249,999
  • Champion: $250,000 - $499,999
  • Steward: $500,000 - $999,999
  • Visionary: $1,000,000 - $2,499,999
  • Catalyst: $2,500,000 - $4,999,999
  • Luminary: $5,000,000+

Get Started Today

For further details or to schedule a meeting with the Sparrow Foundation regarding planned giving, please contact us at Foundation@UM or by phone at 517.364.3620.