Making a Difference in the Community: Mary Lue Hicks
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 firstname.lastname@example.org.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.