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Making a Difference in the Community: Mary Lue Hicks


Mary Lue Hicks has given Methodist Hospital Foundation a gift through her estate that keeps on giving.

Mary Lue Hicks passed away in 2011. In 2012, she saved a baby's life and helped a nurse graduate.

By including Methodist Hospital Foundation in her estate plans, Mary Lue continues to make a difference in the Omaha community. Helping others is what Mary Lue was passionate about throughout her life. She was able to live her dream as a nurse at Methodist Hospital, and in retirement she dedicated much of her time to volunteering at the hospital as part of Volunteers in Partnership.

In an interview prior to Mary Lue's death, she expressed the joy of volunteering and philanthropy. "It makes you feel good. You get a personal feeling of satisfaction when you help meet someone's needs."

Mary Lue wanted to continue helping others after she was gone. She worked with her financial advisor, Mike Owens, and her attorney, Walter Lammli, to come up with a plan that allowed her to sell a considerable amount of stock without capital gains tax, increase her income and enjoy a sizeable income tax deduction. This gave Mary Lue the opportunity to help her family, Methodist Hospital Foundation and other charities.

"She was able to realize her vocation with dignity and grace," says Mike. "You don't have to be a millionaire to do this. She saved on taxes and gave to her family and charities rather than the government."

Mike also stressed the importance of sitting down with your advisor to make those decisions. "Your advisor will ask the necessary questions such as ‘is there an investment or stock in your portfolio that you would rather sell if you knew you didn't have to pay capital gains tax?'"

Mary Lue's estate gift to Methodist Hospital Foundation established a scholarship to benefit students at Nebraska Methodist College-The Josie Harper Campus, and supports the Neonatal Intensive Care Unit at Methodist Women's Hospital. Every day, she is continuing to make a difference in someone's life and will do so for years to come.

What Will Be Your Legacy?
For more information about how to include Methodist Hospital Foundation in your will, please contact Elizabeth Borisow at (402) 354-4825 or

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.

Personal Estate Planning Kit Request Form

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