Why Lou and Jeanne Mace Love Loma Linda University Children's Hospital

By James Ponder

Jeanne and Lou MaceLou and Jeanne Mace of Rancho Mirage recently established a planned gift to help create an endowed chair in pediatrics at Loma Linda University Children's Hospital that will support research into cures for childhood diseases.

A board member of the Big Hearts for Little Hearts Desert Guild for the past seven years and past president of the organization, Jeanne raises funds and awareness for the hospital.

"Lou talked me into it," she says. "I told him, 'OK, but you have to go with me to the hospital to see why this is so important to me'."

Lou fell in love with the kids. "Lou and I had premature twins and lost one of them," Jeanne explains, "so we were particularly moved at seeing what they do for these littlest children on the neonatal ward."

The Maces are concerned for Coachella Valley children who need specialized medical care unavailable in the desert and for families who can't afford the care their children need.  

"Supporting Loma Linda University Children's Hospital helps families in need," Jeanne observes. "It's our way of giving back for all the blessings we've received."

The couple met in 1953 in Longview, Washington, and married three years later. Lou credits Jeanne for moving the family several times to support his career as a civil engineer.

"Jeanne put me through college and then went back to school herself," he brags. "She's amazing! She graduated with straight As in only three years despite having to put up with a very demanding husband and three kids."

"We are very blessed!" Jeanne says, reflecting on their 59-year marriage. "We have three children, five grandchildren and our second great-grandchild just arrived in June."

Adds Lou, "We have seen lots of poverty in our travels around the world and feel an obligation to help out. Children's Hospital is very worthwhile of our time and support. The best critical care available is at Loma Linda University Children's Hospital."

"That's right," Jeanne agrees, adding that the couple also salutes Big Hearts for Little Hearts Desert Guild for supporting the hospital.

"The Maces have demonstrated their dedication to the work of our Children's Hospital by including us in their estate plans," notes Todd Mekelburg, director of planned giving at Loma Linda University Health. "We are so grateful for their willingness to provide such a thoughtful and generous gift which will make a significant difference in the lives of the children we serve."

To learn more about how gifts in your estate benefit Loma Linda University Children's Hospital, contact Todd Mekelburg at legacy@llu.edu or 909-558-4553. For information on the Big Hearts for Little Hearts Desert Guild, contact Josh Zahid at (909) 558-5384.

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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.

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