Country Doc Makes Lasting Gift
A lifetime of ceaseless service to the community can continue even after the servant has passed on. The work of Doctor Kenneth C. Stout is a prime example. He was one of the last “country docs” who made house calls and worked all hours to care for residents of Benkelman, Nebraska, and surrounding counties.
As a young man, he worked two jobs in Oxford, Nebraska, to save money for medical school— as a drug store clerk for 8 cents per hour and movie projectionist for 25 cents per hour. After serving his country in WWII, he began classes at the University of Nebraska and received both his bachelor’s and medical degrees in 1952.
He settled in Benkelman in 1955 and spent half a century serving thousands of patients in southwest Nebraska, northwest Kansas and northeast Colorado. A legendary physician and philanthropist, he passed in 2016 at the age of 97.
Dr. Stout’s service did not stop with his passing. Some years ago, he set up a charitable remainder annuity trust, often referred to as a CRAT. A CRAT provides you with an immediate tax deduction and dependable income for the rest of your life, without worry of stock market swings. With this trust, you also support the NET endowment for years to come.
He once worked for 8 cents per hour. After his lifetime of service and through his use of the charitable gift remainder annuity trust, Dr. Stout’s estate left nearly $1 million to NET! If you are interested in a CRAT or in other charitable methods to ensure NET’s future, explore your options online or contact The NET Planned Giving Office at 800.634.6788 or plannedgiving@netNebraska.org today.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.