Mercy Iowa City Announces Nursing and Staff Scholarships and Awards
Pictured from left to right are Margaret Reese, President, Mercy Hospital Foundation; Stacy Rock, Maternal/Child; Diana Dingus, Environmental Services; and Cindy Penney, Vice President Patient Care Services and Chief Nursing Officer.
May 12, 2017/Iowa City, IA: Mercy Iowa City presented awards and honored spring scholarship recipients during a May 10 ceremony as part of its celebration of National Nurses Week. The annual Ruth Becker Award for Outstanding Nursing Care was awarded to Stacy Rock, a staff nurse in Maternal/Child. This award was created in 2001 by Ruth Becker, a retired nurse educator and her husband Sam Becker, who wanted to recognize exceptional Mercy nurses who provide direct patient care.
The Dr. T.T. Bozek Friend of Nursing Award was awarded to Diana Dingus, Environmental Services. This award was created by the family of Dr. T. T. Bozek, a member of the Mercy medical staff for more than 50 years and the Johnson County Medical Examiner for 33 years until his retirement in 2000.
The 23 recipients of spring nursing scholarships were also recognized during the ceremony. Of those, eight received named scholarships including: Laura Budde, Intensive Care Unit, who received the Ruth and Sam Becker Nursing Scholarship; Kendra Walsh, Intensive Care Unit, who received the Margaret G. Fox Ph.D. Scholarship; Ian Ellickson, 3 West Medical Unit and Hillari Jacoby, Mercy Cardiology, who received Mercy Guild Scholarships; Rachel Stitt, 3 West Medical Unit, who received the Sister Mary Josephus Scholarship; Stefani Berg, 3 West Medical Unit, who received the Rose Margaret Reed Scholarship; and Andrew Behounek, Nursing Administration, who received the Elizabeth and John Stratton Scholarship.
A charitable bequest is one or two sentences in your will or living trust that leave to Mercy Hospital 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
The official bequest language for Mercy Hospital Foundation is: "I, [name], of [city, state, ZIP], give, devise and bequeath to Mercy Hospital Foundation [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 Mercy 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 Mercy 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 Mercy 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 Mercy Foundation where you agree to make a gift to Mercy 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.