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The Legacy of a Lifetime

Ruth Freed

Ruth Freed

Walk the halls of Methodist Hospital with Ruth Freed and you'll get a history lesson. She's one of the longest serving employees at Methodist. With 50 years of service, Ruth is proud of the legacy she's created, but she isn't done leaving a lasting impact.

"We are a team at Methodist," Ruth said. "The work we do together is changing, but the meaning of care stays strong. I know it will continue long after I retire."

Ruth started her journey at Methodist as a student. After graduating, her first position was on the medical floor. With the opportunity, she helped lead Methodist Health System into the 21st century with a focus on nursing excellence.

"Nursing has always been the key component and the culture of Methodist," Ruth said. "Care at Methodist is patient-centered and how we respond to what is best for each individual patient and family."

Ruth's concentration on nursing service and patient outcomes helped achieve national recognition for Methodist Hospital. It was the first hospital in Nebraska to be awarded the prestigious Magnet status.

 "Ruth helped create a culture of caring that goes beyond our hospital walls," said Sue Rolfs, a service executive at Methodist. "Our staff is actively involved throughout the community."

As the Chief Nursing Officer, Ruth was instrumental in establishing a strong bond between nursing education and nursing care. Her objective was to make sure current employees were sharing their expertise with future employees.

"Ruth understands that we must look forward and prepare the next generations of health care workers," said Dennis Joslin, Ph.D., President and CEO of Nebraska Methodist College. "And what better mentors than the staff at Methodist."

Another area that is close to Ruth's heart is philanthropy. She has seen the difference a donation can make. The Ruth Freed Leadership Scholarship provides scholarship support to Methodist Health System nurses who are continuing their education. Ruth also continues to contribute to the Foundation's education fund.

"Philanthropy is such a big part of health care and will be even more important in the future," Ruth said. "Continued advancement in health care is simply not possible without outside support."

It is support that Ruth wants to continue to give even after her retirement. She plans to include Methodist Hospital Foundation in her will.

"Planned giving is the foundation of the community. It touches people's lives by working towards the health and welfare of all," Ruth said. "Through planned giving, you help the legacy continue."

And while Ruth's legacy can already be seen and felt at Methodist, her planned gift will ensure even more patients receive life-changing and live-saving care, as well as ensure even more students will receive funding for nursing education.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Methodist Hospital 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 Methodist Hospital Foundation, a nonprofit corporation currently located at 8401 West Dodge Road, Suite 225, Omaha, NE 68114-3447 , 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 Methodist Hospital 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 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 Methodist Hospital Foundation 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 Methodist Hospital 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 Methodist Hospital Foundation where you agree to make a gift to Methodist Hospital 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.

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