The Mark S. Hierseman Memorial Foundation Funds



You never saw Mark without a child in his arms,” recalls Wayne Hierseman. “He had such a generous heart and we miss him.” The youngest of Wayne’s three sons, Mark Hierseman, was 46 when he was killed by a drunk driver in 2002. Mark was an engineer by trade, a fitness enthusiast, and active in his church. He and his wife Debbie were known for opening their hearts and their home to countless foster children in need. 

As a way to honor his son, and to continue helping children, Wayne established The Mark S. Hierseman Memorial Foundation Funds. Each of the two Funds is an Endowed Donor Advised Fund. In most respects, the Funds are the same. Each is a permanent fund, and Wayne serves as the advisor to the Funds, making grant recommendations to charities he identifies. 

The Funds differ in only one respect. From one Fund, Wayne makes grants to nonprofits all over the country. From the other, he makes grants to nonprofits working in Iowa. In addition to the Federal income tax charitable deduction for both Funds, on the latter Fund he received the Endow Iowa Tax Credit for 25% of the amount of his gifts to the Fund.* “This arrangement gives me tremendous flexibility,” said Wayne. “And with each grant, I am able to do something good in Mark’s memory.” 

For Wayne, family has always been important. For 30 years Wayne served his country as a Commander in the U.S. Naval Reserves. He was a chemical engineer for Esso, a division of Exxon Mobil Corporation, and later with the Rock Island Arsenal. Upon retirement from Esso, he returned to the Quad Cities to care for his parents, Luella, a piano teacher, and Earl, a long-time bailiff at the Scott County Courthouse. 

Wayne’s focus on family influenced his decision to establish Endowed Donor Advised Funds, making philanthropy a family affair. After his lifetime, Wayne’s sons David and Alan Hierseman will serve as Successor Advisors to the Funds and will continue to recommend grants to nonprofits helping to improve the lives of children. After they no longer serve as Advisors, the grants will be directed to similar nonprofits by CFGRB. 

Wayne credits his partnership with CFGRB to Staff Volunteer Marlin “Hap” Volz, Trusts and Estates Senior Consultant. Hap visited with Wayne and helped him explore the best way to make such a gift. “He really is an asset to the community and the Foundation. He helped me get things squared away.”

 

 

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