The Lakeland Times will be producing a series of stories on the health care in our community and what it means to you. We hope this will engage the community to look at how not only how fortunate we are, what we can do better. It is our desire that when this series is complete that you, our readers, will be informed about how complex health care is and where it is headed in the future. If you have any topics you would like to explore, please send us an email at Healthcare@lakelandtimes.com or call 715-356-5236 and ask for Evan.
In the first installment of The Lakeland Times' health care series, we explored the Howard Young Foundation and how it serves the Northwoods community. Another integral part of the vitality of the Howard Young Medical Center is the Howard Young Trust and it's ongoing funding schedule.
In 1972, one of the most wealthy art dealers in the United States, S. Howard Young passed away at the age of 94. A regular visitor and lover of the Northwoods, Young left a generous gift to the area where he owned a home and spent many summers. The $20 million gift amazed the nation and stood as one of the largest personal donations in the history of the United States. In 2017, that amount would have been the equivalent to well over $100 million.
Young left the bulk of his estate to the hospital, with $7 million designated towards building a new hospital. The only caveat: the name be changed from the Lakeland Memorial Hospital to the Howard Young Medical Center. In the fall of 1974, a plan was endorsed by the North Central Area Health Planning Association's board of directors.
In May of 1975, ground was broken on the new facility, and eventually opened it's doors in 1977. The June 1977 dedication ceremony was famously attended by Young's niece Elizabeth Taylor and her husband John Warner, where Taylor spoke to the crowd. Howard Young's donated "Girl With Doves" statue was also placed at the south end of the hospital that day, where it still stands.
The remainder of the $20 million donation was placed into an endowment trust fund, with the annual income from which could be used by the hospital for general purposes. Today, that trust holds roughly $50 million, with four percent withdrawn annually for the Howard Young Medical Center's operational costs. This amounts to approximately $2 million per year to help fund the nonprofit hospital.
That trust is monitored today by Mark Pitman, marketing and stewardship committee chairman for the Howard Young Foundation. It is because of the foresight and benevolence of S. Howard Young that the HYMC is able to continue providing health care services to the Northwoods of Wisconsin.
The Lakeland Times' health care series will continue in the Friday, March 31 edition.
Evan Verploegh may be reached via email at email@example.com.
Posted: Wednesday, March 29, 2017
Article comment by:
The gifts that Howard Young bestowed on the Lakeland area were incredibly generous, indeed. The hospital would exist today, albeit in a likely smaller scale and certainly without the record endowment that he left in his memory. Perhaps I have missed something, but credit to Stafford "Casey" Lambert remains woefully absent since his death in 1976.
The Lambert family legacy in the Northwoods of Wisconsin began before Casey was born, when his parents were introduced to the area during their honeymoon in the 1890s. They purchased what became the Lambert estate at the north end of Lake Minocqua, occupying approximately 100 acres. Summertime entertaining on the property was a longtime family tradition, with an occasional New Year celebration. Young, who lived in St. Louis in his early years, was a friend of the Lambert & Busch families, likely learning of the area on a summer visit to the Lambert camp.
Casey became the final family member to own the property in the 1930s. After serving in the Navy during WWII, he returned to the area, spearheading efforts to construct a long-overdue medical center to benefit both year-round & summer residents of the Minocqua area. The Rhinelander Daily News archives are loaded with accounts of his fund raising efforts and term as the hospital's first (as I recall) president. Ironically, he died at the hospital.
Please do some research and give Casey the long overdue credit that he deserves in making the Howard Young Hospital a reality.