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In Duluth, a Second Chance at Life

Mike smiling

Mike Mauren loved Minneapolis. He was the goalie for the University of Minnesota in 1959, graduated from Brown Technical Institute, ran his own advertising business, owned a sound studio, and produced commercials for radio. He thought his life was complete in the big city.

On November 22nd, 2006, the day before Thanksgiving, Mike traveled from his home in the Twin Cities to Grand Rapids, Minnesota where he was staying in a hotel for the holiday. He intended to return to the Twin Cities after the long weekend.

However, that evening, Mike fainted from dehydration causing renal failure. Mike recalls, "there was blood everywhere." Miraculously, the hotel owners discovered Mike was in distress and immediately called 911. Mike was brought to Essentia Health-St. Mary's Medical Center by ambulance where he had multiple transfusions due to blood loss and was diagnosed with hypertension and Type II Diabetes.

Mike was in a coma until Sunday. When he woke up, the first thing he saw was someone standing at the end of his bed in a white coat. It was Dr. Gerald Engelsgjerd Sr. "All he needed was a halo," Mike said. He recalls Tracy, an ICU nurse, holding his hand and saying, "It is going to be OK."

It was at that time Mike found out where he was and why. He spent an entire month in the St. Mary's Intensive Care Unit and it took Mike nearly a year to walk without a cane.

Grateful for caregivers, kindness and care
When Mike reflects on his journey from hospitalization to rehabilitation and beyond, he is so grateful for the many physicians and medical staff who cared for him. He knows that without their sincere compassion and care, he would not be where he is today.

Dr. Ernest Peaslee has been Mike's internal medicine physician since 2007. He commented that Mike was so sick that he was lucky to be alive. Recently, Dr. Peaslee shared that it is a miracle how far Mike has come in his recovery.

Why he stayed in Duluth
"When I needed the help, I got it," Mike stated. "The more I was here, the more I did not want to leave."

Mike knew he had received care at a top-ranked hospital with top-rated physicians. He had experienced healing therapy in rehab, exercised daily in the fitness center, and enjoyed the kindness and concern expressed by the medical staff.

Every day when he leaves the Essentia Health Fitness Center, he visits the chapel and says a prayer of gratitude for being alive. Mike attributes his health and well being to the care he received at Essentia Health. When Mike decided to stay in Duluth, he said it was due, in large part, to Essentia Health.

What and why he gave
Mike knew he wanted to do something to honor all of the caregivers at Essentia Health. He visited the Patient Accounts Department, who then referred him to the Essentia Health Foundation.

Through the Essentia Health Foundation, Mike designated Essentia Health as beneficiary of his irrevocable life insurance policy. After his lifetime, the proceeds will be used for the greatest need of the hospital.

Mike credits the excellent care he received at Essentia Health along with many answered prayers for being able to overcome the serious health issues he has encountered. Mike knows he has been given another chance at life.

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A charitable bequest is one or two sentences in your will or living trust that leave to Essentia Health 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, [name], of [city, state, ZIP], give, devise and bequeath to Essentia Health Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose or for its ____________ program (i.e. Cancer, hospice, research, etc.)."

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 Essentia Health 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 Essentia Health 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 Essentia Health 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 Essentia Health Foundation where you agree to make a gift to Essentia Health 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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