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Scholarship Honors Father and Helps Countless Students


Jack Lewis

Dr. Jack Lewis has helped countless people through his care as a physician. It's what he loves to do. So it came as no surprise that he wanted to extend this help to students at Nebraska Methodist College— The Josie Harper Campus by establishing a scholarship. In 1988, Dr. Lewis and his sister Judy Bachman established a scholarship through Methodist Hospital Foundation to honor their father, Dr. Raymond G. Lewis. Their father started practice in 1934 for Methodist Hospital and practiced until he was 83 years old.

Every year, Dr. Lewis and his sister have added to the Dr. Raymond G. Lewis Memorial Scholarship in honor of their father, so the scholarship can continue to grow and benefit the students at Nebraska Methodist College.

"Scholarship money provides much needed help in this economy," says Dr. Lewis. "There will soon be a shortage of nurses, so it is important that we provide a way for aspiring nurses to get their education."

For Dr. Lewis, providing a scholarship not only makes him feel good but it is crucial to the future of our health care. "Everyone is going to get sick and come under doctor's care. They only hope and pray that they have a well-trained nurse when they become ill."

Touching Lives: Morgan's Story
Throughout the years, Dr. Lewis has had the opportunity to meet and talk with many of the students at Nebraska Methodist College (his daughter-in-law is an alumna). Morgan Spanyers is one of those students, and she is very thankful for his help and the financial assistance a scholarship provides.

Morgan grew up on a farm outside of the small town of Dorchester, Neb., and was a typical farm girl, showing cattle in 4-H and enjoying life in the country. Through 4-H, Morgan met Dr. Lewis and his wife, Kathy. They became good friends with Morgan, and this friendship became even more important when Morgan's mother suddenly became very ill.

She was eventually diagnosed with West Nile virus, which triggered Guillain-Barrè syndrome, a disease that attacks the nervous system. Morgan's mother would never walk again.

This experience motivated Morgan to become a nurse. After sharing her dream with Dr. Lewis, he guided her to Nebraska Methodist College. Morgan loved the Josie Harper Campus and the close-knit, personal feeling from the staff and students.

Morgan's greatest worry was money. She knew NMC was the school for her, but she wasn't sure she could afford the tuition. She was overjoyed when she learned she would receive the Wishmeier-Dean Scholarship, which gave her $5,000 annually over the next four years. Without scholarships like the Wishmeier-Dean and the Dr. Raymond G. Lewis Memorial Scholarship, many students like Morgan would not be able to realize their dreams.

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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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