Generosity for Generations
This past December, Renown Children’s Hospital, a Children’s Miracle Network Hospital, received a generous gift of $400,000 to its endowment through a bequest from the Gerald J Svob Trust.
According to his first cousins Dennis Zarubi and Sandy Cummings, Gerald (“Gerry”) was always a very generous individual. He chose to include this gift in his estate plan because of his connection to Renown through Sandy’s grandson, Matthew Cummings. Matthew was treated at Renown Children’s Hospital and was the 2006 Children’s Miracle Network Hospitals Champion Child. Matthew and his family helped promote and raise awareness for Renown Children’s Hospital and they continue to provide their support to this day.
Gerry’s gift to the Renown Children’s Hospital Endowment will continue his family’s legacy of supporting the health and well-being of children for generations to come.
What is an Endowment?
An endowment is a way to help fund an organization and support a cause the donor believes in for many years. Endowment funds are invested to earn income and that income, or a portion of it, is then used to support the cause championed by the donor. In Gerry’s case, the income from the funds donated by the Svob Trust will go to support Renown’s youngest patients for years to come. By spending the income from the invested funds rather than the original donation, the fund continues to exist well into the future.
Renown Children’s Hosptial Endowment is dedicated to providing the best care for our region’s children. Giving to the endowment creates a sustainable funding source for the hospital. The challenges our children face in the community is exactly why this endowment is so important. Investing in the health of our children and our pediatric staff ensure that our community has access to the best care and treatment options available.
Who was Gerry Svob?
Gerry was born and raised in Sparks, Nevada. He went to Sparks High School and attended the University of Nevada, Reno (UNR), graduating in 1956 with a degree in Chemical Technology. While at UNR, he participated in the Reserved Officers’ Training Corps program, graduating with a rank of First Lieutenant. After graduation, he went to Fort Benning, Georgia to complete his military obligation, and received an Honorable Discharge. He then moved to Sacramento where he was employed with Aerojet as a Solid Rocket Fuel Engineer for 36 years. He returned to Reno in 2015 and spent the final years of his life enjoying time with family and friends. On June 15, 2022, Gerry passed away peacefully in his sleep at the age of 89. He and his love of his family, golf, and mysteries are remembered fondly by many. The impact of his generosity will positively affect the lives of many.
How you can help make a Difference?
Renown Health’s mission is to make a genuine difference in the health and well-being of the people and communities we serve. Renown is focused on being the destination for all your family’s health and healthcare needs. As a not-for-profit health system, Renown relies heavily on community funding. If you are interested in supporting Renown’s youngest patients, please consider giving to the Renown Children’s Hospital Endowment.
Learn more about planned giving, estate planning, and how to create your own legacy by making a gift through your will or trust by exploring our legacy giving website Renown Health Foundation – Planned Giving Home (renownlegacy.org).