A Grateful Grandfather Gives Back
Jerry Powers has spent a great deal of time at St. Louis Children's Hospital over the past two decades. His 20-year-old grandson, Michael, has undergone numerous brain surgeries for issues related to primordial dwarfism. Each time is stressful.
"It never gets easier," he says.
Thankfully, the surgeries have been successful.
"We always say, if it weren't for the doctors and Children's Hospital, Michael would not likely be alive," Jerry says.
Delivering a higher standard of care
He recalls one instance when a surgeon wasn't able to proceed with an operation as planned, but the doctor promised the family he would meet with his fellow team of surgeons to come up with another strategy—and they did.
Spending time with Michael is one of Jerry's greatest joys. They love watching hockey together and discussing the stock market. Jerry even includes Michael in his philanthropic decisions, asking him how much they should give to different organizations.
"He knows his parents and I donate to St. Louis Children's Hospital," Jerry says. "Michael thinks it's a good thing to do."
Enhancing future outcomes
Along with his late wife, Shirley, Jerry has made a number of gifts to the hospital. He also has taken advantage of the IRA charitable rollover provision, which allows donors age 70½ years or older to make tax-free gifts from their IRA, which can satisfy all or a portion of their required minimum distributions. Jerry's gifts are unrestricted and will serve the hospital's area of greatest need. He also intends to name the hospital as a beneficiary of his IRA.
"I'm in a position where I can give back," Jerry says. "It makes me happy to do it."
"We are so grateful for Jerry's generosity," says Malcolm Berry, chief development officer of St. Louis Children's Hospital Foundation. "His gifts will help us continue to provide transformative care and positively impact children's health outcomes."
You can make a difference
To include a meaningful gift in your estate plan, contact the St. Louis Children’s Hospital Foundation at 314.286.0988 or email@example.com.