Maybe I'll Go to Paris Someday

By Linda Stumpp and Michael Maschka

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Kate Lamborne's painting Maybe I'll Go to Paris Someday was chosen as the 2013 signature piece for the Alzheimer's Association annual Memories in the Making Art Show and Auction.

Since opening its doors in 1964 as a 90-bed skilled nursing facility, Mountain Vista Retirement Community has grown into a continuum-of-care campus. Mountain Vista now has 163 beds in our Health Center in addition to independent living, assisted living and skilled memory care ready to serve seniors as their health needs change.

Kate Lamborne is a prime example of an individual with changing needs. Kate moved into one of our independent cottages in 2010 and loved it. She enjoyed the convenience of a van to go shopping and the monthly activity outings. She also enjoyed meeting her friends in the clubhouse for exercise, bingo, birthday lunches, Bible study and Sunday church services.

When Kate's family began worrying she might need a little more care, Linda Stumpp, our director of marketing, suggested a tour and lunch at Vista Village, our assisted living facility.

Kate moved into Vista Village in December 2011 secure in the knowledge that, should she need help, there were caregivers around the clock. Kate thrived among all of her new friends, activities and van rides. Her family had peace of mind as well.

In 2012, as Kate's dementia became more apparent, her safety became an issue. It was suggested it might be best for Kate to move into secured assisted living.

An Artist Emerges
While in secured assisted living, Kate became involved with the Memories in the Making® program through the Alzheimer's Association. With no formal background in art or painting, Kate created a piece she titled Maybe I'll Go to Paris Someday.

When her piece was submitted to the Alzheimer's Association, it was picked as the 2013 signature piece for the Alzheimer's Association annual Memories in the Making Art Show and Auction. The Memories in the Making staff say Kate wanted viewers to enjoy a pristine Parisian cityscape awash in color and bright sunlight.

People First
Kate's son Bruce says his mother has always been a very giving person who cares deeply for family and her wide circle of friends and acquaintances. In short, those who know Kate like her and she likes them.

In these difficult days, it is still people—mainly her great-grandchildren—who bring a sparkle to her eyes.

A charitable bequest is one or two sentences in your will or living trust that leave to American Baptist Homes of the Midwest 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 American Baptist Homes of Midwest to share with your attorney is: "I, [name], of [city, state, ZIP], give, devise and bequeath to American Baptist Homes of Midwest [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 ABHM 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 ABHM 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 ABHM 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 ABHM where you agree to make a gift to ABHM 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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