Dear Friends, Two years ago, in the first edition of A Promise for the Future, we were proud to share our personal stories about leaving a legacy for our community. Now we have the pleasure of introducing the second issue of this wonderful publication, made possible by generous sponsors and the Illowa Partnership for Philanthropic Planning. As you read through this magazine, you will find stories of more Quad Cities area residents who also have chosen to continue making a difference long after their lifetimes. What we all have in common – in addition to genuine concern for our community – is the use of “planned gift” arrangements to help create our legacy for the future.
Anyone can leave a legacy, and everyone can make a difference in the lives that follow.
Planned gifts can be simple or more complex, and they can offer important estate, financial and personal advantages to the donors who make them. While established today, many of the gifts take effect after the donor’s lifetime. You don’t need tremendous wealth to make such a gift to your favorite charities. Each of us found a way to use planned gifts designed to fit our individual circumstances and goals. As you enjoy the stories shared by your neighbors, consider what you want your legacy to be and what difference you want to make in your community. Join us in making a difference! Tony and Lorene Knobbe Monsignor Marvin Mottet Pastor Dan Witkowski Tom and Kathleen McGovern Jim and Marcia Koehler
P.S. For more stories, please visit www.illowappp.org and browse through an expanded online version of this magazine. You will also find information about the Illowa Partnership for Philanthropic Planning, whose mission includes promoting the importance of leaving a legacy.
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A Bigger Life for So Many Littles Bonnie and John Leinart of Moline are hands-on people who have enjoyed successful careers—she with Trinity Health Systems, and he with John Deere. When choosing recipients for charitable giving, they prefer hands-on, helpful organizations— especially Big Brothers Big Sisters of the Mississippi Valley. Both John and Bonnie have acted as “Bigs” (adults who mentor children) and both have served on the board of Big Brothers Big Sisters. John has served as board chairman and in doing so helped foster the rapid growth of the organization. During his nine-year tenure, the organization grew from 200 to 1,400 “Bigs,” helping the same number of “Littles” (the youth they serve) in 14 counties. The programs continue to grow. “Directly helping children is the best investment people can make in their community,” says Bonnie. Together, she and John decided to include Big Brothers Big Sisters in their will, earmarking a generous unrestricted gift to the organization after their lifetimes. Because the Leinarts have not restricted the use of their gift, the organization will have the flexibility to meet whatever needs may exist at that time.
FLEXIBILITY I S VA L U A B L E Unrestricted bequests in a will help organizations where their need is the greatest when the gift is received.
Big Brothers Big Sisters President Jay Justin said, “The Leinarts are incredible. They make things possible for us, even in challenging times. They have inspired so many people.” John said, “We are blessed with healthy children and grandchildren, but there are so many kids out there at risk, who need adult guidance. This group’s screening process ensures safe and wholesome relationships, from which children can really benefit. We are happy to help future Littles with this gift. And our own children have been part of this decision to give back to the community.” John and Bonnie Leinart, Moline, Illinois
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Building Character and Legacy with a Lifetime Gift “A society grows great when old men plant trees under whose shade they know they will never sit.” Frank Klipsch repeats this bit of wisdom when asked why he and his wife Terre included the Scott County Family YMCA in their estate plans. The sentiment such words encapsulate is fitting. Frank and Terre chose to demonstrate their lifelong support of the YMCA with a legacy gift. They made a gift of a life insurance policy, the proceeds from which will go into the unrestricted endowment of the Scott County Family Y, according to the Klipsch family’s wishes. Because the endowment is permanent, generations of families will benefit from this gift in perpetuity.
Frank and Terre Klipsch, Davenport, Iowa
A F O RWA R D - L O O K I N G LEGACY We all benefit from those who have gone before. Endowment gifts bear fruit for generations to come.
Frank and Terre are self-professed “gym rats,” who have spent their careers at the YMCA. Frank has worked for nearly 40 years in a variety of locations and is currently the president and CEO of the Scott County Family YMCA. Terre worked as a personal trainer, fitness director and gymnastics coach for many years before retiring in 2006. They have four children and five grandchildren. “We are extremely grateful to Frank and Terre for their leadership and generous support,” said Frank Clark, chair of the YMCA Heritage Club. “It will help build our character development programming for generations.” Members of the Heritage Club have made planned gifts to benefit the Scott County Family Y. “I am just so proud of Frank,” said Terre. “He has helped grow the local facilities and membership from under 10,000 to about 30,000 over two decades.” Frank added, “We came here and were embraced by this community. The YMCA lets us live out our faith.”
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One Couple’s Generosity is Victory for the Vikings Bud and Esta Helpenstell love to laugh, to attend sporting events and to support Augustana College. Their 53 years of marriage have given them plenty of opportunity to do all three. Following consultation with their financial planning team, Bud and Esta created a pair of charitable trusts to benefit Augustana. The charitable lead annuity trust makes a quarterly payment to an ongoing capital campaign at the college. At the end of the trust term, the assets revert to the Helpenstells. The second arrangement, a charitable remainder trust, provides Bud and Esta with quarterly payments to supplement their retirement income. After their lifetimes, the trust terminates and the remainder is available for unrestricted use by the college. In addition to helping Augustana, these trusts provide important estate planning benefits to the Helpenstells.
T R U S T S H AV E M A N Y A D VA N TA G E S Charitable Lead and Charitable Remainder Trusts facilitate personal estate planning goals, including tax savings, while creating a lasting legacy.
Augustana President Stephen Bahls noted, “Through the Helpenstells’ charitable giving, they are providing hundreds of opportunities for students to grow in mind, body and spirit. They will have an immeasurable impact on students in generations to come. These trusts give us flexibility with the funds, which we truly appreciate.” Although both Esta and Bud have degrees from Grinnell College in Iowa (where they met in 1954), they are devoted to Augustana, where two of their children attended college. Bud grew up in Rock Island and has served as an Augustana trustee. He and Esta own the A.D. Huesing Company, a local beverage distributor. Esta said, “We have always given back to the community—now we are just able to do more. Education is our number one priority in giving.” The Helpenstells have established nursing scholarships in a cooperative venture between Augustana and the Trinity School of Nursing. Bud explained, “Unfortunately, the recent recession honestly means there is less money to distribute, but it’s partly good because it makes us focus on true priorities.”
Franz “Bud” and Esta Helpenstell, Rock Island, Illinois
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A Good Steward’s Far-Reaching Commitment Growing up in a family that appreciated the outdoors, Curtis Lundy has long had a passion for protecting and improving our natural resources. Years ago, on a bike ride near Duck Creek, he wondered about the water quality of the stream running beside him. Knowing that many of our nation’s waters are threatened by pollution, he turned such thoughts into action and began working in earnest to improve our environment.
SIMPLE AND EFFECTIVE Making provisions for a favorite charity in a will is easy, and it does not affect your current financial situation.
His volunteer work includes the Izaak Walton League’s Save Our Streams program, the Iowa Department of Natural Resources IOWATER program and the Xstream Cleanup effort, which he has chaired for seven years. He also serves on the boards of the Living Land & Waters and the Nahant Marsh Education Center in Davenport. Curtis and his fellow volunteers often consider the legacy they are leaving. Through their tireless work, they help improve the quality of life for everyone. By example, and through outreach efforts in the community, they spread the word about the importance of caring for our fragile environment. But they also want to ensure the programs and organizations they believe in have reliable sources of funding far into the future. By encouraging planned gifts, such as bequests, environmental organizations can build endowment that will provide permanent resources for their important work. Once again leading by example, Curtis made provisions in his will for Living Lands & Waters to receive an unrestricted bequest. “Planned giving does not have to be complicated. I chose a simple and inexpensive route,” said Curtis, who recently retired from service as the chief financial officer at THE National Bank. “My future gift has not and will not affect or limit my financial situation while I am alive.”
Curtis Lundy, Davenport, Iowa
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He added, “I have seen the long-term value of planned giving from prior generations and I think it is wise to follow this tradition. With this plan I can continue to fund activities that I feel close to and that are vital to the community.”
Simple Request Sparks Legacy Movement “Will you share one percent?”
POWER IN NUMBERS You need not be wealthy to make a charitable bequest part of your estate plan. Bequests of all sizes work together for success.
That’s the simple formula for the successful Catholic Endowment of Bettendorf. Back in 1988, a group of parishioners at Our Lady of Lourdes in Bettendorf started posing this question to fellow church members. The plan was this: If parishioners would commit to give at least one percent of their estates, or of their life insurance proceeds, to the church endowment, the parish community would build a permanent source of funding for its mission, which includes the landmark Lourdes Church and its adjacent elementary school. According to Dick Schillig, who serves on the current endowment board, the idea was spearheaded by Harold Beran, who took it upon himself to call hundreds of parishioners. Harold passed away in 2006, but his early and more recent successes have bloomed into an endowment with the potential to exceed $3 million. Each year the board makes distributions from the endowment to committees and projects at the church and school for items such as lighting, signage, furniture and even tuition assistance. In one recent year, they spent more than $50,000 for handrails in the church sanctuary and updated restrooms at the school. Since its start, the endowment has provided more than $800,000 for improvements and assistance to students.
The late Harold Beran, Bettendorf, Iowa
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Said Schillig, “We accept current gifts such as cash, appreciated securities, and real estate, but we especially appreciate the future gifting through life insurance policies or specific bequests.” He added, “Harold Beran made a simple appeal that started a lot of important conversations. Now we can reliably support the parish improvements because of his assistance, leadership and enthusiasm. He set a generous example by actually donating more than the suggested one percent of his own life insurance policy.”
Simple People Impact Great Needs Hazel and Bob Cowles were known as plain-speaking, industrious people who enjoyed simple pleasures such as pinochle and crossword puzzles. Even in retirement, Bob took pride in mowing the lawn and shoveling snow himself. A member of the Navy Avenger Squadron in WWII, Bob later worked for 30 years as plant engineer for the Lusk Candy Company (later Brach’s Confections), retiring in 1980. Throughout 62 years of marriage, they shared a passion for travel. Being careful planners, in 1998 Bob and Hazel decided to supplement their retirement income through a charitable gift annuity with the Community Foundation of the Great River Bend. Using appreciated securities, they increased their income and received an income tax deduction. Over the next three years they did two more such annuity gifts, each time increasing their income. When Hazel passed in 2003, the Foundation continued the annuity payments to Bob until he passed away in 2009. Through the remainder of these gift annuities and an unrestricted bequest in Bob’s estate plan, the Foundation received nearly $800,000 to add to its Community Impact Endowment. Those funds are available in perpetuity to make responsive grants throughout the community.
The late Hazel and Robert Cowles, Davenport, Iowa
Started in 1966 by the Foundation’s first-ever estate donor, the Community Impact Fund is a permanent endowment that has granted more than $4 million to the community. Susan Skora is president of the Community Foundation. Her eyes light up when she remembers Hazel and Bob. “They were a lovely couple. Mr. Cowles was a very organized individual,” she said, “so it was surprising that he didn’t detail how to spend his estate. But with assistance from his estate planner and after conversations with us, he clearly appreciated the value of flexible funding sources for programs and projects with widespread community impact.”
ADD TO RETIREMENT INCOME Make a gift and receive lifetime income with a charitable gift annuity. Enjoy the benefits today, while providing for tomorrow’s generations.
Skora added, “I know Hazel and Bob would take enormous pride in how much good their gifts are doing right here in their beloved community.” 9
Helping to Ensure More Happy News
ENSURING SUCCESS You witness the success stories of people helped by your favorite charities. A gift through your estate helps ensure the good works continue.
The Children’s Therapy Center of the Quad Cities offers medical rehabilitation therapy services to children with developmental disabilities and delays. Board member Sandy Fuller says she is overjoyed when she hears about the progress in young patients. “When we learn that an autistic child is now speaking, it’s wonderful to share the happy news. It’s just such a good place,” she says. These sentiments have led Sandy and her husband Neil to ongoing service to the Children’s Therapy Center. In fact, they both have been volunteers for several decades. Long-time donors who support the Center’s annual operations and programming needs, the Fullers wanted to ensure that their support continues after their lifetimes. When planning their estate, Sandy and Neil made a provision for the Center. Through that future gift, they know that they are helping to ensure that the good work of the Center continues. “The devotion of the staff is amazing,” remarked Neil. “They have great expertise and a lot of heart. We see whole families getting involved with the kids’ therapy, even grandparents. We are glad to be part of that process in any way.” A board member for more than 21 years, Sandy served two terms as president. She is a retired school nurse, who first heard about the Center’s good works from a fellow nurse.
Neil and Sandy Fuller, Geneseo, Illinois
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According to Sandy, the board includes several parents of former clients who have seen great challenges and joy. She hopes to see expanded support for the Children’s Therapy Center throughout the community. “We find immeasurable joy and satisfaction in giving, and we encourage others to have the same experience.”
A Legacy of Health and Faith As a young man, Dr. Willard Smith suffered from migraine headaches and chronic back pain. His wife, Marguerite, insisted that he visit a chiropractor. That visit changed his life. Finally free from pain, Dr. Smith desired to help others by becoming a chiropractor. He began his studies at Palmer College of Chiropractic and graduated in 1960. He taught science and technique classes until his retirement in 2000 and is now professor emeritus of the College. When Marguerite passed away in 1998, Dr. Smith wanted to provide a lasting and meaningful memorial to his wife, who had introduced him to chiropractic and stood by him throughout his successful career. Thus, he established an endowed scholarship in her memory at his beloved alma mater. With substantial support from Dr. Smith and additional gifts from family and friends, the corpus of this fund provides approximately $3,000 per year in student assistance. According to Dr. Smith’s wishes, the recipients must be past their second trimester at Palmer and be active in the PCC Christian Club. He estimates that more than 20 students have received tuition assistance from The Marguerite Smith Memorial Scholarship since he established it. Known for his mission trips to the Caribbean and his tireless help to many Quad Citians, Dr. Smith explains, “My philosophy on giving and helping is driven by my faith. I also believe that because of my good health provided by chiropractic, it is my obligation to assist the college in the future.”
Willard Smith, D.C., Rock Island, Illinois
A LASTING MEMORIAL An endowed scholarship can be a permanent tribute to someone special that will help countless others who follow.
For these reasons, he also has included Palmer College in his will. In addition to the existing endowed scholarship, the bequest will be used to help even more students achieve their educational goals. Dr. Smith was assisted in his gift planning by Lois Kundel of the Palmer Development Office, who notes, “Educational challenges today are too great to be met by tuition dollars alone. We are honored that Dr. Smith chose to assist chiropractic students through this endowed scholarship and bequest.” 11
Giving to the Symphony— No Strings Attached Mike and Sara Thoms are happy to call the Quad Cities their home. He is a Rock Island High School alumnus with a degree from Black Hawk College. She graduated from Assumption High School and attended St. Ambrose University. They speak proudly of their Quad City roots. Married for 29 years, the couple recently completed an update of their estate planning. With the assistance of their advisors, they created a plan that provides for their family and for several local nonprofit organizations that are important to them, including the Quad City Symphony Orchestra (QCSO) and the Trinity Health Foundation. Michael and Sara Thoms, Rock Island, Illinois
Mike and Sara have been long-term patrons of the symphony, and she is a past president of the QCSO board. To help this local musical treasure, they designed a revocable trust with an insurance policy that will pay an unrestricted $500,000 to the symphony upon their death. They receive a current income tax charitable deduction on the value of the annual premium they pay because that payment is considered a gift by the IRS.
MAXIMIZING POTENTIAL Finding the gift arrangement that meets your individual needs helps you make the most of your philanthropy.
“By paying the premium on this policy for about 10 years,” explains Mike, “we will have paid for the entire plan, ensuring an incredible ten-fold return on investment that will ensure the longevity of the symphony. We are happy to set this example for our children and others, so that the next generation will see how important it is to give back.” Sara notes that it is important for people to share whatever resources they can—be it time, money or ideas. “We want to support the community we love, and hope others feel the same way.”
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Savoring Today While Planning for Tomorrow Bill and Nadine Cusack have lived full and varied lives. Their resumes include banking, education, law enforcement, politics, parenting, childhood development, civic planning, airport governance and even running a booth at a Renaissance festival in Arizona. Bill grew up in Bettendorf and, even though Nadine originally is from Nebraska and the couple moved away from the Quad City area for a decade, the couple considers Scott County, Iowa to be their true home. In 1993, Nadine nearly lost her life to a serious heart ailment. It was this life-threatening illness that has helped both Nadine and Bill focus on what matters most to them. Nadine said, “After this heart condition almost ended my life, we have savored our time ever since. We wanted to do something worthwhile and lasting.” In early 2009, they decided to make a bequest to St. Ambrose University (SAU), creating three endowed scholarships to begin being issued after their passing. They chose SAU because Bill graduated from St. Ambrose Academy in 1958, just before the academy became Assumption High School.
Bill and Nadine Cusack, Davenport, Iowa
Bill said, “We put ourselves through college and so did our kids, but we realize not everyone can do that today. It makes us feel good to know we are helping young people. We wanted our estate to help many people, and local organizations, too.” Ed Littig of the St. Ambrose Development Office said, “The Cusacks specified that the three scholarships will be awarded in the Cusack’s name in perpetuity to students from Scott County majoring in education, law enforcement or finance—their lifelong interests.” SAU’s Sally Crino added, “Private philanthropy is so important to help students achieve their dream of an Ambrose education. It makes a huge difference as students get their degree and start their lives.”
KEEPING UP T O D AT E When life’s events lead you to reflect on what matters most, it’s a great time to review your estate plan. Is your plan up to date? Does it do what you want it to do?
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Two Families Share a Commitment to Education Carol Quinn was a dedicated Scott Community College employee for 34 years. She and her husband established the Richard and Carol Quinn Honor Scholarship in the 1990s to show their commitment to the school. Despite working full-time until her retirement in 2001 and tirelessly volunteering at college events and in the campus gardens, Carol also continued her own education. Tragically, Carol was diagnosed with inoperable cancer in May of 2005. She triumphantly graduated with a bachelor’s degree from Western Illinois University in July of that year, and passed away in 2006.
Richard Quinn, Bettendorf, Iowa
To celebrate his wife’s achievements and pay tribute to her life, Richard established the Carol Quinn Honors Endowed Scholarship at Scott Community College with memorial gifts from family and friends. He plans to fully endow the scholarship over time. By making annual gifts to the college, Richard can see the scholarships awarded immediately. In addition, Richard makes donations to an endowment that eventually will provide funding for the scholarships in perpetuity. Richard’s message to the recipients of the two scholarships: “Please be aware of all the hard work that is reflected in this gift to you. Carol was very dedicated to Scott Community College and we would like to see that same dedication reflected in your scholastic efforts.”
Duncan and Dianne Cameron, Bettendorf, Iowa
Another couple has made similar use of this Combined Annual/Endowed Scholarship gift plan. Duncan and Dianne Cameron have contributed annual scholarships through their family foundation for many years. In addition, they make gifts to an endowment that is building over time. One day, it will permanently support the scholarships they fund every year.
BUILDING OVER TIME Endowing your annual gifts provides assurance that your support continues after your lifetime.
“We want to help people who are trying to help themselves,” said Duncan. As parents of five daughters, they especially strive to help young women who have struggled but are determined to better their situation in life. He added, “This community helped me become successful in business, so I am glad to help others in return.” 15
Rallying Around the Red Cross Bob McQueen was half a world away, serving with the military in Vietnam, when he heard the news. Although it was more than 40 years ago, Bob clearly recalls the moment a Red Cross worker in the Services to Armed Forces group brought him wonderful news. “Congratulations! You’re a father!” the worker exclaimed. Thinking back, Bob said, “It was a special moment to learn of my son Kevin’s arrival.” Back in the Quad Cities, Bob and his wife, Pat, have observed the myriad emergencies in which the American Red Cross helped feed, shelter and care for those in need. “It’s one of those unique organizations that helps everyone,” said Pat, who previously worked in property management. “Supporting the Red Cross is one of the easiest ways to help the entire community throughout the year.”
Bob and Pat McQueen, Bettendorf, Iowa
COMMUNITY PRIORITIES The needs of future generations are unknown. Unrestricted bequests give your favorite charities flexibility to respond.
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An accountant at the local Alcoa plant, Bob joined the board of the area branch of the Red Cross in the 1990s, serving on the Human Resources Committee. “I always knew I would feel good about being associated with the Red Cross,” he said. In addition to their annual appeal donations to the American Red Cross, the McQueens have also included the organization in their estate planning. Their will contains an unrestricted bequest to the local Red Cross that gives the Red Cross flexibility to meet the highest priority needs that exist when the bequest is received. Although Bob grew up in New Windsor, Ill., and Pat is from Ft. Madison, Iowa, they met in Davenport in 1964 and have made the Quad Cities their home since marrying in 1965. “It’s truly where our hearts are,” said Pat. Bob added, “We are glad the Red Cross mission will be helped through our gift long after we are gone.”
A Librarian’s Love for the Literary Arts A beloved icon at the Davenport Public Library for more than four decades, Rochelle Murray has a voice that was meant for reading to children. Animated and loving, her strong vocal rhythms fill a room. When she talks about her years as manager of Children’s Services at the library, Rochelle revels in the joy of literature and of seeing children grow into good readers. Many of the children with whom she worked now bring their own children to the library. Retired since 2004, she now devotes her hours to committees, boards, writing festivals, and especially to the Midwest Writing Center in Davenport.
CONVENIENCE AND FLEXIBILITY Designating a charity as the beneficiary of a life insurance policy is simple, and can make a wonderful charitable gift.
Her friend David Collins of Moline was a successful author who helped found the writing center in the 1980s. The group purchased office space in the Bucktown Center for the Arts in 2005. As a tribute to Collins, who passed away in 2001, Rochelle Murray made the Midwest Writing Center the beneficiary of a life insurance policy she no longer needed. “This gift demonstrates the importance of giving back to people in your community,” notes Rochelle. She hopes that others also will consider planned giving as a way to make a difference. “My gift to the Writing Center will help ensure its work into the future. For 20 years, David and I co-chaired the Children’s Literature Festival in the Quad Cities, and each year we worked with 500 children. The Writing Center also helps encourage and develop writing talent right in this community, so I am happy to assist in that mission.” Midwest Writing Center board member Mary Foster added, “Rochelle has touched so many lives already through her service. Now this gift means future generations will benefit from her generosity and her special bond with David Collins.”
Rochelle Murray, Davenport, Iowa
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A Family Touched by Service Happily Gives Back Married for 45 years, John and Nancy Califf grew up in Rock Island and went to college at Augustana. They spent more than three decades in other communities around the United States, but chose to return to their beloved Quad Cities in 2001 when John retired from a service-oriented career with Lutheran Social Services and Lutheran Outdoor Ministries. COMPLETE PLANNING Providing for causes that touch your life is an important part of every financial plan.
Over the past 14 years, John and Nancy’s son Steve has required mental health services. Fortunately, the Califfs found just what Steve has needed through the Transitions Mental Health facilities in Moline and Rock Island. Transitions has given him support, training and a strong measure of independence. In return for the help given to their family in its time of need, the Califfs have volunteered their services to Transitions. Nancy helps with support group counseling for other families in their situation and John serves on the board, providing leadership and business skills. In addition, they have decided to leave a bequest to Transitions in an unrestricted amount upon their passing. John said, “Transitions is so caring and makes a positive difference for so many individuals and their families with the residential, vocational and employment programs that we wanted to leave a legacy to help this excellent work continue.”
John and Nancy Califf, Rock Island, Illinois
Nancy knows that Steve is doing well because of Transitions and she believes her own life has been greatly enhanced by her involvement with the organization. “The support and fellowship at Transitions are so important. We learn more all the time,” she said. The Califfs support a number of agencies as well as their church and happily encourage others to leave a community legacy—large or small. Nancy and John feel good knowing that their future gift will be used to help other families touched by mental illness. Transitions CEO Gary Weinstein said, “The Califfs have been strong advocates for Transitions for years. Their hard work and commitment are unsurpassed as they ensure the best possible lives for people with mental illness. We really appreciate their tireless efforts.”
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A Perfect Gift for the ‘Perfect Place’ “The Handicapped Development Center was the perfect place for Gail,” said Leah Foster of her daughter. TA X - W I S E GENEROSITY Gifts of appreciated securities are especially beneficial because they save taxes twice.
Leah and John Foster’s daughter was born in 1958 with profound intellectual and physical disabilities. She passed away in 2007. Leah worked as a homemaker and caregiver for Gail for almost 50 years. An accounting teacher at Davenport West High School, John died in 2003. Leah explained, “At first there were no support services to help us with Gail, but after working with a cerebral palsy program and Truman School, we were fortunate to find out about the Handicapped Development Center (HDC). She took part in their day program, and then lived in their residential center for the last 16 years of her life. They were able to achieve things with her far beyond our expectations.” Leah and John volunteered many hours of service to the HDC over the years. They also made donations to support the growing enterprise. The new training center in Davenport has a room named in honor of Gail Foster. In addition, Leah donates appreciated securities each year that benefit the HDC with unrestricted income and allow Leah to enjoy an income tax charitable deduction while avoiding capital gains tax. Said Leah, “If you accept services, you should be willing to pay back.”
Leah Foster, Davenport, Iowa
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“Gail Foster never spoke a word, but she touched many lives,” said Carol Foster (no relation), the HDC vice president of resource development. “This family gave time and gifts that will continue to help HDC and people with disabilities far beyond their years. They have shown that you don’t have to be named Rockefeller to have a positive influence on people.”
Giving it All: Time, Talent and Treasure The physicians’ garden at Hammond-Henry Hospital is a calming, inspiring and relaxing oasis in a busy, modern healthcare facility. The community is grateful for the beauty of the gardens. Retirees Glenn and Betty DeSmith volunteer their services every spring and summer to make sure the shrubs are trimmed, the mulch is laid, the weeds are pulled, and the garden looks its best. “We get a lot of compliments from staff, patients, friends and neighbors,” said Betty. They also have received many compliments on the new Sentinel Node Probe that the hospital acquired through a donation from Glenn and Betty. The probe is an important imaging tool used for diagnosing cancer and melanoma patients. With advice from their financial planner, the DeSmiths declined to take their required minimum distribution from their IRA, and instead chose to roll over that distribution into a gift to Hammond-Henry Hospital. “Because it’s a gift, there’s no tax on the money distributed,” said Glenn. “It’s a win-win situation.” IRA rollovers are encouraged under current tax law, with a provision that many hope will become permanent.
Glenn and Betty DeSmith, Geneseo, Illinois
“My wife and I have both been patients at this hospital, and we know its great worth to us and the entire community,” said Glenn. The couple met at the Col Ballroom in Davenport in 1947. They have four children, two of whom still farm the family land near Geneseo and Annawan in Illinois. Glenn and Betty are happy at this stage of their lives to be able to contribute time, energy and financial resources to their community. Hammond-Henry Hospital’s Foundation manager, Darcy Hepner said, “Our hospital and our community depend on the generosity of friends like the DeSmiths. They serve our patients in so many valuable ways.”
MAKING RETIREMENT ASSETS WORK IRA and other retirement assets can be donated, resulting in tax savings, and the possibility of leaving even more to heirs.
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Ten Ideas To Help Create Your Legacy 1. Prepare a will. Only 20-40% of those who pass away have one. Without a will, others will make decisions about where your property will go after your death. Once you have a plan in place, review it occasionally and keep it up to date. 2. Evaluate your financial situation and decide what your charitable goals are.
You have read the stories, and you have been moved to make a difference in the lives that follow. Now you can use these ideas to help plan your legacy.
3. Consult an attorney, accountant, or financial advisor about taxfriendly options for making a legacy gift to a charity. Encourage your advisor to talk with charities on your behalf to discuss the best way to make a gift. 4. Choose one or more organizations that have made a difference in your life to leave a gift to in your will. 5. Contact the organization(s) of your choice to learn about opportunities for legacy giving. They will be happy to help you explore your options, confidentially and without obligation. 6. Make arrangements to leave your favorite charity a specific dollar amount, a percentage of your assets, or the remainder of your estate after other distributions are made. 7. Name a charity as the beneficiary of your retirement plan assets or life insurance policy. You may be able to give more to your heirs by making a charitable gift from your retirement plan. 8. Consider using non-cash assets for your legacy gift, such as appreciated securities, real estate, jewelry, or collections. 9. Notify the charity of your plans. If you let the charity know, you can be sure that they understand how you wish your future gift to be used. 10. Encourage family and friends to leave gifts to charities in their wills. Anyone can leave a legacy, and make a difference in the lives that follow.
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Members of the Illowa Partnership for Philanthropic Planning The following professionals are members of IPPP, and are happy to help individuals explore their philanthropic interests. You also may contact your favorite charity, and your legal, financial, insurance, or tax professional for advice. Rebecca Arnold ..............................Arrowhead Ranch ............................................rarnold@arrowheadranchinc.com ..............(309) 799-7044 x270 ............www.arrowheadranchinc.com Daniel Asleson ................................Bettendorf Family YMCA................................dasleson@scottcountyfamilyy.org ..............(563) 359-9622 ....................www.scottcountyfamilyy.org Rick Best ..........................................WQPT Quad Cities PBS ................................Bestr@bhc.edu ............................................(309) 796-2424 ....................www.wqpt.org Bob Blaze, CFP ..............................American Bank and Trust Company................bblaze@ambankqc.com ..............................(309) 732-5047 ....................www.americanbankandtrust.com Joy Boruff ........................................The Moline Foundation ..................................molinefoundation@qconline.com ..............(309) 736-3800 ....................www.molinefoundation.org Norman Bower................................Davenport Schools Foundation ......................bowern@davenportschools.org ..................(563) 336-5004 ....................www.davenportschools.org/foundation David R. Chanez, CLU-ChFC ......Modern Woodmen of America ........................David.Chanez@modern-woodmen.org......(309) 786-7481 x5639 ..........www.modern-woodmen.org Andrew Craig ..................................Assumption High School ................................craiga@mail.assumption.pvt.k12.ia.us ........(563) 326-5313 ....................www.assumptionhigh.org Sally Crino ......................................St. Ambrose University ....................................crinosallye@sau.edu ....................................(563) 333-6080 ....................www.saugiftorg.com Kellie Esters ....................................Scott County Family Y ....................................kesters@scottcountyfamilyy.org..................(563) 322-1717 ....................www.scottcountyfamilyy.org Margie Figgins ................................Scattergood Friends School ............................development@scattergood.org ..................(319) 643-7621 ....................www.scattergood.org Carol Foster ....................................Handicapped Development Center ................cmf@hdcmail.org ........................................(563) 391-4834 ....................www.handicappeddevelopment.org Patti Franklin ..................................American Red Cross ........................................franklinp@usa.redcross.org ........................(309) 743-2166 x209 ............www.qcredcross.org of the Quad Cities Area Raymond German, CFRE ..............Braren, Mulder, German ..................................german@bmg-associates.com ....................(563) 322-1731 ....................www.bmg-associates.com Associates, Inc. Steven R. Goebel, CFRE................Genesis Illini Hospital Foundation..................goebels@genesishealth.com ........................(309) 792-4273 ....................www.genesishealth.com/give Sister Laura Goedken ....................Diocese of Davenport ......................................Goedken@davenportdiocese.org ................(563) 324-1911 ....................www.davenportdiocese.org Missy Gowey ..................................Genesis Health Services Foundation ..............goweym@genesishealth.com ......................(563) 421-6865 ....................www.genesishealth.com Adrian Graber ................................McGladrey & Pullen, LLP ..............................Adrian.graber@rsmi.com ............................(309) 743-3024 ....................www.mcgladrey.com Marcia Green ..................................Two Rivers YMCA ..........................................mkgreen@tworiversymca.org ....................(309) 797-3945 ....................www.tworiversymca.org Pat Henricksen ................................DeWitt Area Community Foundation ............pkmh@iowatelecom.net..............................(563) 659-5039 ....................www.dewitt.org/organizations/ Judy Hilgenberg ..............................Wells Fargo Bank, NA ....................................judy.m.hilgenberg@wellsfargo.com ..........(563) 383-3225 ....................www.wellsfargo.com W. K. Juncker ..................................Children’s Therapy Center ..............................ctcqc@qconline.com ..................................(309) 762-9552 x16 ..............www.ctcqc.org of the Quad Cities, NFP Todd Klein ......................................Genesis Health Services Foundation ..............kleint@genesishealth.com ..........................(563) 421-6870 ....................www.genesishealth.com Lois E. Kundel, CT, CFRE ............Palmer College of Chiropractic ......................lois.kundel@palmer.edu ..............................(563) 884-5611 ....................www.palmer.edu Syl Manlove ....................................Women’s Health Services ................................smanlove@dybb.com ..................................(563) 243-1413 ....................www.womenshealthservices.org Linda Meadors ................................Trinity Health Foundation ..............................meadorsL@trinityqc.com ..........................(563) 355-0759 ....................www.trinityhealthfoundation.com Barbara Melbourne ........................Community Foundation ..................................barbaramelbourne@cfgrb.org ....................(563) 326-2840 ....................www.cfgrb.org of the Great River Bend Trista L. Menzer ............................Stanley, Lande & Hunter ................................tlmenzer@slhlaw.com..................................(563) 324-1000 ....................www.slhlaw.com Robert G. Morrison ........................Ridgecrest Foundation ....................................bmorrison@ridgecrestvillage.org................(563) 388-3271 ....................www.ridgecrestvillage.org at Ridgecrest Village James Nepple ..................................Nepple Law, P.L.C. ..........................................jim@nepplelaw.com ....................................(563) 264-6840 ....................www.nepplelaw.com Nick Norman ..................................Illowa Council ..................................................normann@illowabsa.org ............................(563) 388-7233 x122 ............www.illowabsa.org Boy Scouts of America James Nash ......................................Nash Nash Bean & Ford, LLP ........................jnash@nashbeanford.com ..........................(309) 944-2188 ....................www.nashbeanford.com Sean O’Harrow ..............................Figge Art Museum............................................soharrow@figgeartmuseum.org..................(563) 326-7804 x2001 ..........www.figgeart.org Scott Park ........................................Augustana College ............................................scottpark@augustana.edu............................(309) 794-7587 ....................www.augustana.edu Jeffrey Paul ......................................Lane & Waterman, LLP ..................................jpaul@L-Wlaw.com ....................................(563) 333-6632 ....................www.l-wlaw.com Stanley M. Reeg ..............................Wells Fargo Advisors, LLC ............................stan.reeg@wfadvisors.com ..........................(563) 386-3550 ....................www.wellsfargoadvisors.com Jeff Reiter ........................................Family Museum Foundation ............................jreiter@bettendorf.org ................................(563) 344-4168 ....................www.familymuseum.org Mark W. Schwiebert ......................Schwiebert & Schwiebert, ..............................mwschwiebert@sbcglobal.net ....................(309) 762-9369 Attorneys At Law Susan Skora ....................................Community Foundation ..................................susanskora@cfgrb.org ................................(563) 326-2840 ....................www.cfgrb.org of the Great River Bend Janelle Swanberg ............................H.E.L.P. Legal Assistance ................................jswanberg@iowalaw.org ..............................(563) 322-6216 ....................www.iowalegalaid.org Sue Swisher......................................Child Abuse Council ........................................sues@childabuseqc.org................................(309) 764-7017 x105 ............www.childabuseqc.org Marlin “Hap” Volz, Jr.................................................................................................hapvolz@msn.com ......................................(563) 359-0639
The Illowa Philanthropic Planning Council and its Leave A Legacy Program gratefully acknowledge these sponsors. This publication is made possible through their support. For more copies of this magazine, contact any one of the sponsors or log on to www.illowappp.org. We’d like to give special recognition to these individuals and businesses who helped in the creation of this publication. Profiles written by: Photography by: Designed by:
Norm Bower Trent Foltz Veronica Cox
Edited by: Published by:
Leslie Klipsch Clark Publishing, LLC, Bettendorf, IA
The Illowa Partnership for Philanthropic Planning and its Leave a Legacy Program gratefully acknowledge the sponsors below. This publication is made possible through their support. Additional sponsors on the inside back page. For more copies of this magazine contact any of these sponsors or log on to www.illowappp.org
1800 Third Avenue Suite 302 Rock Island, IL 61201 309-788-2300 day.rauch@sbcglobal.net www.dayfoundation.org