When Louis T. Little came to visit All Children's Hospital in the 1990's at the recommendation of his business partner Jack Shelling and his estate-planning attorney Holger Gleim, he probably didn't envision the impact that visit would have. But on a return visit to the hospital in April 2007, as he was presented a Dream Builder Vase from Joel Momberg, Executive Vice President of the Foundation, Mr. Little said it was "one of the happiest days of my life."
To beat Florida's heat, Mr. Little spends his summers in Kewanee, Illinois. He has deep roots there, as his great-grandparents were among the first Kewanee settlers. This year, the Kewanee Chamber of Commerce honored Mr. Little with its Outstanding Citizen Award. He is most renowned for his research on farming practices, which solved the problem of rapidly eroding farm soil. Through his work, the topsoil has increased from two inches in 1951 to over 21 inches today. Mr. Little has contributed to many deserving organizations through the years, but he chose to direct his most significant gifts to All Children's Hospital, believing that our future lies with the children of tomorrow.
He first began supporting the Foundation through a gift annuity, a simple contract between him and the All Children's Hospital Foundation. In exchange for his gift, the Foundation promises fixed payments to Mr. Little for the rest of his life. His gift came in the form of appreciated assets, which resulted in some welcome tax savings for Mr. Little-a portion of capital gains tax that he would have incurred if he had sold the property.
The very next year, Mr. Little completed an additional gift annuity, and a Living Trust, allowing him to plan an irrevocable future gift that will impact the hospital so that, as he put it, All Children's can "keep doing what you do-save lives."
Earlier this year, Mr. Little also committed to support construction of the new All Children's Hospital by making a pledge to Building Miracles, the Campaign for All Children. In honor of these gifts, the fourth floor Cardiac Operating Room and Procedure Suite in the new Hospital will bear his name. "The measure of one's success in life is the degree to which one contributes to society," says Mr. Little. And by that measure, his tremendous success will bring new health and hope to children today and for many years to come.