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Patient Helps Others, Receives Steady Payments


Willie Hoffman

Willie Hoffman understands what it's like to be in need. He grew up with five siblings on a farm near Manning, Iowa, during the Depression, so money was hard to come by. "We were poor and sometimes had no shoes, and we had to pick corn by hand. My mom and dad worked hard, but it was the Depression, so we didn't have much," says Willie. If Willie wanted to go to school, he had to transport himself— which he did, on a bicycle over six long miles of country road.

Willie attended a country school until 8th grade. There was only one teacher to teach all eight grades. By the time Willie entered high school, the United States had entered World War II. During his senior year, Willie was drafted into the Army. He trained in Louisiana and Texas for 16 months, but the war ended just four weeks before he was to be shipped out. Willie headed back to Manning and completed his final year in high school.

Soon after his return to Manning, his father was diagnosed with cancer and died at age 47. "I took over the farm for a couple of years before the farm was sold," says Willie. "I then carried mail for the United States Postal Service until I retired in 1984."

Just months before Willie was set to retire, his hometown doctor sent him to Nebraska Methodist Hospital in Omaha. After 30 years of carrying mail, Willie's knees had reached a point where surgery was necessary. Willie spent 14 days at Methodist Hospital including his surgery and therapy. By the time he left Methodist Hospital, his knees were feeling fantastic. "My experience with the staff at Methodist Hospital was perfect," Willie says. "The nurses were always smiling and happy, and I walked away feeling great."

After his positive experience with the Hospital, Willie became acquainted with Methodist Hospital Foundation. He learned about charitable gift annuities, a simple contract that would give Willie, in exchange for his donation, fixed payments each year for the rest of his life. He would also qualify for a charitable income tax deduction when he set up his annuity.

Willie created his first charitable gift annuity in 1994 and has continued to establish annuities with Methodist Hospital Foundation ever since. He looks at annuities as a good investment that he can use to help others. "I want my money to get to the right place, and I am able to do that through annuities," says Willie. "The world has treated me well. It makes me feel good to help those that really need it," Willie states. Willie is not only able to help those who need it, but he is also able to keep a steady income through annuities.

Growing up during the Depression wasn't easy for Willie, but it shaped him into the man he is today. He believes strongly in helping others. He also feels hard work doesn't hurt anybody. At 85 years young, he is determined to prove that by helping his nephew with the cattle on the farm well into his 90s!

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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