St. Louis Teacher Remembers Family Through Generous Gifts

Carol Hohenberger smiling

Carol Hohenberger

Carol Hohenberger grew up in south St. Louis and, like most young girls, had a deep love for horses. She took English riding classes at the stable next door to Grant's Farm and eventually graduated to jumping lessons. Lessons ended, however, when she fell and cracked some ribs. Even though lessons were over, Carol's love for animals never waned.

She and her parents, Carl and Charlotte, and her brother Carl were a close family. Because of a birth injury, her brother grew up a quadriplegic during the early 1950s and was not allowed to go to school. But this was not to stop either Hohenberger child.While studying her lessons at the kitchen table, Carol would teach her younger brother what she had learned at school each day. Eventually, their mother, determined to ensure her son had an education, found a school for children who were just like Carl, and he went on to excel in his studies. It makes sense that Carol became an elementary school teacher and taught fourth and fifth grade at Bayless Elementary School in St. Louis County for 39 years.

Along with education, the Hohenberger family shared a love of dogs-mainly Chihuahuas, which were cherished and adored by everyone in the family. They began bringing their pets to the Humane Society of Missouri's Veterinary Medical Center after another vet misdiagnosed one of their dogs. From then on their pets came to the Humane Society Vet Med Center where they always received excellent care.

Carol's mother, a registered nurse, and her father, a maintenance supervisor, are both gone now. Unfortunately, Carl also passed away in 1996 from complications with his paralysis. It was after all three were gone that Carol felt she wanted to do something in their memory. After giving it some thought, she decided to make a generous donation to the Humane Society's Longmeadow Rescue Ranch in Union, Mo.

Because Carol worked part time for Famous-Barr Department Stores at that time (which eventually became Macy's), she was able to have her generous donations matched. Matching gifts were not something she was aware of when she began working at Famous-Barr, but soon realized it was a wonderful opportunity available to many people working in the private sector.

Carol says she is grateful knowing she was able to put her donations to good use for the animals while also remembering her family in a way she knows they would appreciate.

A charitable bequest is one or two sentences in your will or living trust that leave to Humane Society of Missouri 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

"I give to Humane Society of Missouri, a nonprofit corporation currently located at 1201 Macklind Avenue, St. Louis, Missouri 63110, or its successor thereto, ______________* [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 HSMO 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 HSMO 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 HSMO 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 HSMO where you agree to make a gift to HSMO 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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