GRATZ FAMILY GIVING

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From Left to Right: Lillian Gratz, Jim Gratz, Dr. Wolff Kirsch, John Gratz (patient), Dr. Antranik Bedros, Marjorie Spindler (aunt to John)

Charles and Lorena Gratz had one guiding philosophy when it came to money: "If it goes in the bank, it stays there." It was this belief that led them to make an astounding gift to Loma Linda University Children's Hospital in celebration of their grandson John's life.

When he was just 12 years old, John was diagnosed with a cancerous brain tumor—news that shattered his family. As a prior patient at Loma Linda University Medical Center—before the current Children's Hospital was even built, John started to visit oncologists instead of pediatricians and started to make friends with nurses and specialists rather than kids at school.

When John was admitted to LLUMC in 1992, the most cutting-edge treatment in the world was newly available to him—proton treatment. As one of the first pediatric patients ever to use proton therapy, John lay perfectly positioned and still in the giant gantry, while laser beams destroyed his tumor. Through the expertise and determination of Dr. Wolff Kirsch and Dr. Antranik Bedros, John was given another chance at life.

His mother, Lil, recalls how John experienced excruciating headaches for years prior to his diagnosis, yet he passed all of his neurological exams. Lil shares her belief that the timing was always in God's hands, "the treatment technology to heal John, the proton therapy, simply wasn't ready until John was 12 years old. God was always in control."

Now, 18 years after John started his treatment at LLUMC, he was able to share in the celebration as his parents, Jim and Lil, and Aunt Marjorie presented a check for $500,000 to the Children's Hospital to support pediatric cancer treatment and research. Through estate planning and establishing a trust, Charles and Lorena Gratz's position on savings and contributions has given back many times over and will transform the lives of thousands of children battling cancer.

If you wish to include Loma Linda University Children's Hospital in your Will or other estate plans, please contact the Office of Planned Giving at 909-558-4553 and we will be happy to answer questions and provide information.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Loma Linda University Health 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 Loma Linda University Health, a nonprofit corporation currently located at (LegalAddress), 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 Loma Linda 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 Loma Linda 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 Loma Linda 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 Loma Linda where you agree to make a gift to Loma Linda 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.

Personal Estate Planning Kit Request Form

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