The Power of Planning
OHSU Extra, Summer 2012
When Dana Braner, M.D., chief of Critical Care at Doernbecher Children’s Hospital, speaks about young patients, he demonstrates the passion and vision of a great leader. And as the Alice K. Fax Professor of Pediatric Critical Care, Braner demonstrates something more – the power of planned gifts to provide long-term support for OHSU’s brightest stars.
Thanks both to investments made during their lifetimes and realized through their estates, husband and wife Alice and Fred Fax have been able to help ensure that Doernbecher and OHSU’s Casey Eye Institute can support, in perpetuity, exceptional programs and people – such as Dr. Braner. Their gifts will continue to make a meaningful difference, sustaining not only clinical staff positions but important research and international outreach.
The Faxes, who settled on a wheat farm in The Dalles after Fred’s return from World War II, always knew that they wanted to give back to the community. They carefully considered how their financial contributions could make the most lasting difference.
“My parents always modeled a life of helping others,” said Ed Anghilante, Alice’s son and Fred’s stepson. “But Fred was also a brilliant entrepreneur, and he knew how to plan. He used his business acumen wisely and was astute about how he approached charitable giving.”
Like the Faxes, countless donors over the years have chosen to support OHSU by leaving financial contributions or other assets to the institution at the time of their death, or donating assets in a way that could benefit them or their families during their lifetimes.
For instance, when Wayne and Sandy Ericksen decided to downsize from their family home to an apartment at South Waterfront, they saw a one-time opportunity to combine the sale of their house with their desire to invest in OHSU. By donating the proceeds of their home sale, they were able to make a substantial gift to support innovative OHSU research in Alzheimer’s disease and cancer –areas they believe to be of growing importance as the baby boomer generation matures.
“The Ericksens’ gift will help OHSU lead the search for new treatments and cures for both Alzheimer’s and cancer,” said Mark Richardson, M.D., M.Sc.B., M.B.A., dean of the OHSU School of Medicine. “That’s a huge impact that will make a difference for generations. The fact that the gift came to us in a way that also benefited these donors makes for a win-win situation.”
“This solution really made sense,” Wayne explained. “We were able to make our single largest donation to date to support something we care about deeply.”
The idea that a gift made today could have significant future impact helped inspire John Ritchey, M.D., an ophthalmologist and OHSU alumnus. Along with his wife, June, Ritchey established a charitable remainder trust to help those suffering from idiopathic pulmonary fibrosis, a lung disease he has struggled with for many years. The family’s longtime connection with OHSU gave them confidence that their contribution would advance research and help OHSU seize opportunities not yet imagined.
“What we want is to help people suffering from this relentless disease long into the future,” said Ritchey. “We feel that our decision to donate is the best decision we could have made.”
Make a gift today – and let us know your plans
Whether in the form of a bequest, annuity, trust, or the transfer of real estate, stock, securities, insurance policies or other assets – deferred gifts can make a lasting impact. They can also be customized to meet your needs.
Planned gifts to OHSU can support any OHSU school, program, department, research area, endowment or initiative. You can also choose to make unrestricted gifts to support areas of greatest need. Such contributions offer the ultimate flexibility, allowing leaders to apply funds to future priority projects or to seize opportunities as they emerge.
If you’ve already made a planned gift, let us know. You are eligible to join the Sam Jackson Guild or the Frank Doernbecher Guild, legacy societies in which members receive regular updates and invitations to special events.
For more information call 503 228-1730 or 800 462-6608 or visit the planned giving section of our website.