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800 Meadows Road, Boca Raton, FL 33486 | 561.955.7100

Fern and Manny Steinfeld Ensuring Lifesaving Care Close to Home

Fern and Manny's gift has created and named the Fern F. Steinfeld Transcatheter Aortic Valve Replacement (TAVR) Center in the Christine E. Lynn Heart & Vascular Institute at Boca Raton Regional Hospital. More than 80 successful TAVR procedures were performed in the Center's first year and a half.

Fern and Manny Steinfeld

A gift from Fern and Manny Steinfeld helped purchase lifesaving technology for Boca Regional.

At age 91, Fern Steinfeld leads a full and active life. She plays bridge and golfs each week, has lunch with her girlfriends, and spends time with her husband, Manny, also 91.

So when Fern felt weak and fainted, she went immediately to the Wold Family Center for Emergency Medicine at Boca Raton Regional Hospital. The prognosis wasn't good. Fern's aortic valve was almost completely closed, and she wasn't getting sufficient blood flow throughout her body. Without intervention, she would die within months.

"The only procedure Fern could tolerate was a transcatheter aortic valve replacement (TAVR). Unfortunately, we don't have that capability at Boca Regional," says Dr. Richard Cartledge, chief of cardiovascular surgery at Boca Regional.

Dr. Cartledge arranged for Fern to have the TAVR procedure performed at another cardiac center, and the results were amazing. Today Fern is good as new and back to her golf game.

"As we drove to my post-procedure checkup, I wondered why we didn't have that lifesaving service at our Hospital, close to our home," Fern remembers. "Manny and I decided we needed to make that happen so that others could benefit."

Their gift has created and named the Fern F. Steinfeld Transcatheter Aortic Valve Replacement Center in the Christine E. Lynn Heart & Vascular Institute at Boca Regional. Plans are now underway to recruit the team and purchase the technology needed for the procedure. The center is expected to open in 2016.

Philanthropy has always been an integral part of the Steinfelds' life.

"The only money we are going to take with us when we pass away from this earth is what we have given away…Because it is what we will be remembered by," Manny says. Manny only had $10 sewn inside his pants pocket when his widowed mother sent him from Nazi Germany to the safety of the United States.

Manny served in the U.S. Army during World War II with distinction and helped liberate the survivors of Wöbbelin Concentration Camp in northern Germany. After serving in the Korean War and earning a college degree, he and an associate took over the bankrupt Great Northern Chair Company for $10,000 and renamed it Shelby Williams in 1953.

Shelby Williams went from producing 50,000 chairs with sales of $350,000 in the first year to providing chairs to national hospitality corporations such as McDonalds and Starbucks, Hilton, Sheraton, and Marriott. Sales topped $2.5 million by 1959. When he sold the company in 1999, it was one of the world's leaders in the commercial furniture industry, focusing on the hospitality and food service markets.

Manny and Fern enjoy making a difference in their community and have generously supported higher education, cultural, religious, social service, and medical institutions through endowments and contributions.

"Life is not complete without giving back," Manny says.

A charitable bequest is one or two sentences in your will or living trust that leave to the Boca Raton Regional Hospital Foundation 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 the Boca Raton Regional Hospital Foundation, a nonprofit corporation currently located at 745 Meadows Road, Boca Raton, FL 33486, 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 the BRRH Foundation 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 the BRRH Foundation 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 the BRRH Foundation 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 the BRRH Foundation where you agree to make a gift to the BRRH Foundation 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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