Donations to now-private DMC transferred to Children's Hospital foundation

More than $90 million in charitable assets — some donations dating back decades — will be transferred to the Children's Hospital of Michigan Foundation after receiving the appropriate approvals, the children's foundation said Wednesday.

The assets, previously controlled by the Detroit Medical Center, required Michigan Attorney General Bill Schuette and DMC Legacy Board approval for transfer as part of the Dec. 31, 2010, sale of the nonprofit DMC to for-profit Vanguard Health Systems Inc.