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Leadership Through Giving
Drs. Michael and Sarah Carter Pledge Gift to FNU
Drs. Michael and Sarah Carter with their daughter, Elizabeth Carter, J.D., LL.M
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Dr. Michael Carter’s long history with Frontier Nursing University dates to 2003 when he joined what was then the Frontier Nursing Service Board of Governors. Dr. Carter has been a board member ever since and has served as the Frontier Nursing University Chairman of the Board since 2009.
Recently, Dr. Carter and his wife Dr. Sarah Carter announced a planned gift of $500,000 that will ensure their continued impact on the future of Frontier Nursing University and the nursing profession for years to come. Details of the project the gift will fund will be announced at a later date. “The work that Frontier Nursing University performs every day focused on preparing graduates to care for mothers, babies, families, and communities who care for them is critical to the future of our nation.” Dr. Michael Carter said. “I am so pleased that Sarah and our daughter, Elizabeth, join me in this small effort to advance the work of FNU into the future.”
“We are so incredibly thankful for the amazing generosity of Drs. Michael and Sarah Carter,” FNU President Dr. Susan Stone said. “Their gifts of time, effort, brilliance, and generosity are invaluable to this university.” Dr. Michael Carter attended the University of Arkansas College of Nursing, earning his BSN in 1969 and his MNSc in 1973. During this time, he also served in the United States Army Nurse Corp from 1968-71. He earned his doctorate in 1979 from the Boston University School of Nursing. He practiced as a family and geriatric nurse practitioner and served as the Dean of the University of Tennessee Health Science Center College of Nursing for 18 years. He held many teaching positions including serving as an adjunct professor at the Curtin University School of
Nursing and Midwifery in Perth, Australia. He also worked to develop nurse practitioner education in Australia. Dr. Michael Carter’s extensive list of awards and honors include but are not limited to: Fellow of the American Academy of Nursing in 1982; Outstanding Alumnus from the University of Tennessee College of Nursing in 2000; Excellence in Teaching Award, University of Tennessee Health Science Center Student Government Association in 2005; Lifetime Achievement Award, National Organization of Nurse Practitioner Faculties in 2015; the University of Arkansas for Medical Sciences (UAMS) College of Nursing’s Distinguished Alumni Award in 2019.
Dr. Sarah Carter was one of six women in her class when she earned her M.D. from the UAMS College of Medicine in1965. Board-certified in internal medicine and geriatrics she has devoted much of her career to working with the Veterans Affairs Health Care System. She was the Chief of Ambulatory Care and Chief of Staff at the Memphis VA Medical Center but also treated patients at VAs across the country. Like her husband, she also shared her knowledge with others, serving as the Associate Dean at the College of Medicine at the University of Tennessee Health Science Center.
Loane Family Makes Bequest in Memory of Beloved Wife and Mother
Mary Elizabeth “Pat” Loane
The Loane family of Harrodsburg, Kentucky, has made a generous bequest in memory of Mary Elizabeth “Pat” Loane (February 28, 1936-July 3, 2019). “She was a beloved wife, mother of four children, and a registered nurse graduate of Good Samaritan School of Nursing,” said Jeff Loane, her husband of 60 years. Now closed, the Good Samaritan School of Nursing was located in Lexington, Kentucky. “She practiced her profession in the fields of obstetrics, mental health, public health, and long-term care.” Joining in the bequest are the four Loane children: Jeffrey D. Loane, Jr., Christi E. Phillips, Cynthia D. Sheldon, and Martin T. Loane.
Born in Burgin, Kentucky, Mary Elizabeth “Pat” Loane was the daughter of the late James and Blanche Duncan Campbell. She worked as a registered nurse at Ephraim McDowell Regional Medical Center in Danville, Kentucky; the James B. Haggin Memorial Hospital in Harrodsburg, Kentucky; and Kentucky State Hospital. “She spent a long, active, and varied career in nursing,” Mr. Loane said. “She worked in just about every setting you can work in as a nurse.”
Though she was not a midwife, Mrs. Loane was interested in and very supportive of the profession. “She knew of Frontier and some classmates of hers had moved down to eastern Kentucky to get involved in midwifery,” Mr. Loane said, noting that the family was reminded about Frontier when they saw the campus sign and an ad on TV. “As a family, we thought about a bequest to Frontier after she died. We wanted to give to something of a lasting nature that she supported.” The Loane family bequest will carry on Mrs. Loane’s memory for generations to come in the form of an endowed scholarship for FNU students.
What is a planned gift?
A planned gift is often an important option for those who would like to make a major gift. Also known as a deferred gift, a planned gift is created now for a future benefit that can occur during or after the lifetime of the donor or of another beneficiary, such as a spouse or child.
Payment of planned gifts can be a one-time distribution or the regular payment of specific or variable amounts. Some planned gifts give you the option of changing the gift commitment (revocable), while others do not (irrevocable).
You may use a variety of assets to establish a planned gift, including cash, securities, real or personal property, life insurance policies, retirement funds, or other financial accounts.
Tax consequences can be considerable and vary according to the type and size of a planned gift. You should consult with a legal and/or financial advisor to determine the best type of gift for you and the best time to make the gift.
A planned gift can maximize your giving potential and can even ensure future financial security for you or a loved one.
