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Suzie Koontz's first connection to Saint Luke's Hospital began when she visited her ill grandfather as a child. As a teenager, she worked as a nurse's aide for part of one summer at the hospital.
"That's when I realized how hard nursing was," Suzie said. "I thought maybe that wasn't my calling after all."
Suzie's connection to Saint Luke's continued with the birth of her oldest son. Then her first husband, Gerald "Jerry" McCann, was treated at the hospital over the years for heart problems.
Jerry had two bypasses at Saint Luke's. During his hospitalizations, he and Suzie realized how much the nurses did and how much they appreciated their care.
"They had to carry out so many procedures, and they did it with such skill," said Suzie. "The nurses made all the difference in the world. They made it all tolerable."
In turn, Jerry loved telling the nurses stories and entertaining them.
He passed away in 1987, three years after his second bypass, when he was only 58. The night he died, Suzie said, one of his nurses put her arms around her and cried with her.
Suzie was moved to do something to remember Jerry in a positive way. She was inspired by several endowments at the high school where she worked as a librarian.
Through Saint Luke's Foundation, Suzie established funds in Jerry's name. The Gerald T. McCann Career Development in Nursing Fund provides grants and Clinical Excellence in Nursing Awards to allow nurses to further their education.
"I'm always pleased that Jerry's name is involved in these awards," Suzie said. "He would have appreciated it."
In addition, a memorial fund in Jerry's name provides nursing scholarships at Saint Luke's College of Health Sciences. Suzie is grateful for the opportunity to give back to others.
As a member of Saint Luke's Foundation's Heritage Society, Suzie has seen to it that these nursing education funds will be perpetuated through a planned gift in her estate plan.
"I know it sounds like a cliché," she said. "But it's wonderful to show people they're appreciated. I like having the opportunity to give back to those who give so much of themselves and let them know they're highly valued."
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.
A charitable bequest is one or two sentences in your will or living trust that leave to Saint Luke's 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, devise and bequeath to Saint Luke's Foundation of Kansas City, Missouri, a Missouri not-for-profit corporation, ("____ percent of my estate" or "the sum of ____" or "the residue of my estate").
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 Saint Luke’s 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 Saint Luke’s 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 Saint Luke’s 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 Saint Luke’s Foundation where you agree to make a gift to Saint Luke’s 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.