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Education Matters: The Broghammer Legacy

Mary Broghammer

Marilyn Broghammer, photo credit Jean Poland of Poland Photography

Lucille Murphy Broghammer graduated from the Mount Mercy Commercial School in 1927 under the tutelage of the Sisters of Mercy and later earned a bachelor's degree from Coe College. She married Dr. B.G. Broghammer and the couple were active in their parish and the local community. When Dr. Broghammer died suddenly in 1947, Lucille assumed responsibility for raising their six children. She was a firm believer in education and made sure that her children were well-educated. As a fitting tribute, the Broghammer family established the Dr. B.G. & Lucille Broghammer Endowed Scholarship in 1983 to generate scholarships for Mount Mercy nursing students.

Ninety years after her graduation, Lucille's belief in the value of education has again been validated. In February of 2017, Lucille's eldest son, Dr. Benjamin J. Broghammer, established a substantial endowed scholarship at Mount Mercy in memory of his wife Marilyn. Dr. Broghammer completed a successful career as a radiologist in Mason City, Iowa, retiring to Clear Lake, Iowa, in 1994. He and his wife have eight children—all accomplished professionals in their own right.

The Marilyn Muscat Broghammer Endowed Scholarship for Nursing was designed to provide support for juniors and seniors majoring in the undergraduate nursing program at Mount Mercy. Because Dr. and Mrs. Broghammer recognized the value of investing in the education of their own eight children, this scholarship gives preference to students whose families have multiple children pursuing higher education.

Those who knew Marilyn say she lived her life embodying the characteristics of a nurse: caring through compassion, empathy, selflessness, humility and gentleness. These qualities were evident in the years she worked in nursing, raising her family and volunteering in the Mason City, Iowa, community. She spent countless hours volunteering at Mercy Medical Center, providing assistance to patients and their families through the medical auxiliary and gift shop. She was involved in the establishment of the Meals on Wheels program in the Mason City area and taught swim lessons to those with mental and physical disabilities.

Marilyn lived her life believing that it is one's duty to give and help others. This scholarship, bearing her name, was established with the hope that by providing tuition assistance, the Broghammer family can assist students who wish to dedicate their lives to caring for others through a career in nursing.

If you have interest in impacting others through education, contact Lonna Drewelow at (319) 368-6468 or ldrewelow@mtmercy.edu to explore how you can maximize your charitable giving through Mount Mercy University. Build your legacy and support what matters most to you and your family.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Mount Mercy University 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 Mount Mercy University, a nonprofit corporation currently located at Cedar Rapids, IA, 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 Mount Mercy University 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 Mount Mercy University 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 Mount Mercy University 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 Mount Mercy University where you agree to make a gift to Mount Mercy University 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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