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Simple but Significant

Bequest Benefits Countless Children

Mary Ann Ford

Mary Ann with her grandchildren

Mary Ann Ford was incredibly inspired by Le Bonheur's absolute and unconditional delivery of world-class services to children in the community. She was proud of her association with Le Bonheur until her death in 2010, and for this reason she named the hospital a specific beneficiary under her will.

"Mom was very glad to be an integral part of an organization that did so much work and helped so many children in her community," her oldest son, Price Ford, says. "She was always a true matriarch for Le Bonheur."

A former president of the Le Bonheur Club (1978-1979), Mary Ann served on various Club committees, including the Gold Tag drive. Price and Mott, Mary Ann's younger son, remember boxes of gold tags all over their house during Mary Ann's year to lead the group's largest fundraising effort at that time.

Perhaps one reason Mary Ann was such a stalwart for Le Bonheur is because she had learned firsthand about the Club's volunteer efforts during the time Mott, then a toddler, developed severe asthma and was hospitalized at Le Bonheur.

"I spent a lot of time at Le Bonheur and remember the work the Club members did [when Mott was ill]," she said in a 1978 newspaper story announcing her presidency of the Club. "Volunteerism is just so important to any community. I think our community would be in very sad shape without us to meet the needs of so many institutions. Volunteers can instigate and carry through a number of programs that would never be completed if people had to be paid to do them."

A Passion for Children
Mary Ann's love of children and her volunteer spirit, along with the fact that she had many friends who were Le Bonheur Club members, led her to become active in the philanthropic and social organization. It was certainly natural for her to turn her passion into a calling. Her favorite job was pushing the Club's craft cart and library cart room to room, for it was the patient contact that Mary Ann craved and most loved about serving at the hospital.

When Mary Ann's granddaughter, Emily, was a patient at Le Bonheur in 2009, Mary Ann shared her recollections of Le Bonheur as the family visited during Emily's recovery from emergency hip surgery.

"As you would imagine, she was quick to tell all of us her stories regarding her early days at Le Bonheur and the wonderful people she knew and the friendships that blossomed as a result of her involvement there," Price says.

For Mary Ann, her family always came first, with Le Bonheur a close second. She also was a devoted and active member of Calvary Episcopal Church where she served in the vestry and enjoyed reading, traveling, playing mahjong and getting together with her "lunch bunch." She adored her companion dog, Daisy.

"Mother's gift to Le Bonheur says a lot about her and her priorities," Mott says. "Others before her gave in order that we might benefit and she felt she should do the same for future generations. She believed Memphis was fortunate to have the world-class resources of Le Bonheur and that the community should support it."

A Meaningful and Lasting Gift
Mary Ann Ford chose to continue her annual support of Le Bonheur beyond her lifetime through a bequest in her will. By making Le Bonheur one of her beneficiaries, she made many children her beneficiaries. These children will never know Mary Ann but their lives will be changed because of her.

A bequest is one of the simplest gifts. You may leave a specific dollar amount, specific assets or a portion of your estate to benefit Le Bonheur.

Please join Mary Ann and others who looked beyond the present and include Le Bonheur in your will so that Le Bonheur can continue to provide, as Mary Ann believed, absolute and unconditional delivery of world-class services to children.

For more information on bequest language and the benefits of a bequest, please contact Le Bonheur Foundation at 901-287-6308 or foundation@lebonheur.org.

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A charitable bequest is one or two sentences in your will or living trust that leave to Le Bonheur Children's Hospital 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 Le Bonheur Children's Hospital, a nonprofit corporation currently located at 850 Poplar Avenue, Memphis, TN 38105, 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 Le Bonheur Children's Hospital 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 Le Bonheur Children's Hospital 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 Le Bonheur Children's Hospital 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 Le Bonheur Children's Hospital where you agree to make a gift to Le Bonheur Children's Hospital 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.

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