Patient Helps Others, Receives Steady Payments
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!
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.