Noelle, Grady, John Paul and Austin Martin.

Legacy giving: Allowing good work to continue

December 17, 2018

“Our planned gift will allow the good work of the Sanford Health Foundation to continue long after we are gone from this life.” —Grady (Shih-Ru) and John Paul Martin

Grady (Shih-Ru) and John Paul Martin thought they had everything planned just right. The couple had taken the time to create an estate plan that would provide for their two children, Noelle and Austin.

Then the Martins learned there was more they could do to protect their legacy, while still providing for their family and fulfilling their passion for giving back.

John Paul and Grady met with Doug Olson, CFRE, vice president at Thompson & Associates, to evaluate their existing estate plan and learn more about the benefits of planned charitable giving.

“We thought we had everything regarding our estate all planned out but found that we were ignorant of a few things: that we could benefit others, not just our family, and reduce the tax liability to our children,” the Martins said. “It sounded like a win for our family and a win for those in need.”

After going through the Thompson & Associates complimentary values-based estate planning process, the Martins decided to make a planned gift to the Sanford Health Foundation and joined the Legacy Society. Through their gift, the couple can make a bigger impact than they previously thought possible.

“We believe health care is a primary need,” John Paul and Grady said. “We feel strongly that charity begins at home and for us, that is the greater Bismarck area.”

Grady, a nurse practitioner at Sanford Bismarck, and John Paul, a local meteorologist, have been generous donors to the Foundation for many years. In 2017, they created the Shih-Ru and John Paul Martin Endowment for Prescription Assistance.

Their endowment supports patients struggling to afford prescription medications. Many of the patients they help previously allowed prescriptions to go unfilled or under-medicated themselves for financial reasons.

“Medication is a primary need to enhance life and, in some cases, to sustain life,” the couple said.

With their legacy gift, the Martins hope to make an even bigger impact and help Sanford Bismarck patients for generations to come.

“Through the Foundation, we are able to accomplish much more than we first thought possible,” the Martins said.

The Thompson & Associates’ process is a complimentary service with no hidden agendas or pressure. There are no obligations, no time restraints, and conversations are kept in the strictest confidence without the presence of any Foundation staff member.

For more information about legacy giving and the Thompson & Associates estate planning services, contact your regional expert.