St. Louis couple leaves $25 million to area hospitals
August 30, 2013
Many times, when people pass on they tend to leave the remainder of their savings to family members. However, if a couple doesn't have children, they may seek out different options regarding where their hard-earned cash will end up.
In the case of Howard and Dorothea Hebebrand, they decided their funds would go to the St. Louis Children's Hospital Foundation and Shriners Hospital for Children-St. Louis, according to the St. Louis Post-Dispatch. The couple left a $25 million estate to be split down the middle by the two facilities.
The news source said that Howard died in 1997 of pancreatic cancer, while Dorothea passed last year. The final details of the estate are now being sorted out.
According to The Telegraph, it's relatively common for Americans to leave money to charity , more so than people from other nations. Citing information from Legacy10, the newspaper stated that 20 percent of people in the United States dedicate part of their estate to nonprofit organizations, as compared to 7 percent of Britons.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.