Businessman leaves $14 million to Cleveland Clinic

A businessman who died last year at age 87 has left more than $14 million in his will to the Cleveland Clinic for cardiovascular research.
Associated Press
Dec 22, 2012

The bequest announced Thursday was left to the Clinic by Gus Karos, who worked in the restaurant business.

The bequest will be used to support a registry database started in the 1960's for cardiovascular research.

Along with earlier gifts Karos has donated more than $26 million to the research hospital.

Karos was born in Joliet, Ill., moved to Cleveland in 1960 and retired in 2000.

 

Comments

Julie R.

You mean there's actually honest and decent attorneys around that followed the instructions and the last wishes of this elderly man? Darn good thing he wasn't from Eeeerie County!

onegirlarmy

so awsome!!!! God Bless him.

goofus

Hey porch puppy, looks like a 1%er gave back milions!!!!!

The Big Dog's back

So we should be beholden to the rich?

8ballinthesidepocket

Just trying to avoid paying taxes by making a donation.....not!!!

8ballinthesidepocket

Just trying to avoid paying taxes by making a donation.....not!!!

Nor'easter

This is why the tax rate should not be raised on top earners. We need to impose a donate it or we will tax it program for people like Biden & Obama.

2cents

http://www.crainscleveland.com/a...

Just a little more. He also owned 24 McDonalds in Eastern China.

samiam

Good thing he died before 2013 or he wouldn't have been able to bequeath as much, since the death tax is scheduled to increase!

BEHAPPY

What a wonderful human being! We don't see enough of this kind of story anymore. GOD rest his soul.

R U Kidding me

thats awsome but on the sme hand he left 14 million dollars to a organinzation that will turn around and make more money for there investors. Its very sad that probally about 70 percent of that money will administration fees. I would leave that money for a people that really need help

8ballinthesidepocket

Like you?

KnuckleDragger

What investors would that be? Cleveland Clinic is a non-profit with an unpaid board of directors. The money will likely go to pay for research, and/or upgrades to the facility. Gotta love people who have an ax to grind with the clinic, a facility that is responsible for numerous contributions to the advancement of medicine. If you are going to make a statement like that, why don't you back it up with a citation. You won't though, because you made it up.

Dr. Information

@R U....you have no clue what you are talking about. Really, you should educate yourself on the clinic before you again spill false stuff.

worddrow811

research and investments will not stop the death of anyone. it's too bad he didn't leave it for starving people to buy some food or put a roof over their heads. Ego-based action and wait for the new research wing to be named after him.

The Big Dog's back

So true.

KnuckleDragger

Yes, because i'm sure he cares if his name is put on something...when he is dead! Typical liberals, even jealous about who some dead, rich guy decides to donate his money to. There is no end to your jealousy. Maybe if you weren't so afraid of risk and hard work, you would be rich also, instead of bashing a guy because he was good business man. If you are so miserable, get off your lazy tush and do something about your lot in life, instead of being riddled with envy over someone elses.

worddrow811

There is no jealousy involved, nor am I lazy, miserable or envious. I believe in helping the living.
There is no way to stop someone from dying but there is a way to help others have a minimum standard of living. Merry Christ-mass to you too!

TheScientist

How can you say research doesn't help anyone? Where would modern medicine be without the gifts given to reserchers? Clinical research saves the lives of those who will be afflicted in the future. Those people certainly are living still. And with the results of modern research, there are of course ways to keep someone from dying. Would you tell someone recently diagnosed with a form of cancer "Oh, sorry, no free Clinic care for you because you're going to die anyway."? Even if that cancer was treatable and would prevent that person from dying? I hope you never have to be that person. There is nothing wrong with saying "If that were my 14 million to donate, I would have done it differently." But don't discredit a gift like this.

Dr. Information

@ reading. It was his money to do what he wanted to with it. Get over it. That's called Capitalism, where you work hard and get to choose what you want to do with your money. Dang liberals always want to tell you how you should spend your money cause they have nothing to spend. BTW research does wonders and helps everyone no matter if they are rich or poor. The next time someone on welfare gets a free state of the art surgery you can thank a guy like this for donating to research.

2cents

(buy some food or put a roof over their heads.)

Teach a man to fish!
Trickel down does work, these $ will put researchers to work, possible construction workers to build a new facility, the people building reasrch equipment and even the fast food server that serves the researcher coffee on their way to work. And in the end, maybe do some good keeping the masses alive longer, LOL just had to end it that way!

samiam

It was his money to do with as he wanted. When it's your turn, you can leave all of your estate to the poor and homeless.

grandmasgirl

samiam: good comment. Jesus said that the poor will be with us always. In other words, no matter how much you give to the poor, there will always be more waiting in line. I believe in helping those truly in need, but think those that are able should help themselves. I had a friend who died at age 38 from heart issues. Hopefully this man's generous gift will help save some young life.

Julie R.

You're right --- he could leave his money to anybody he wanted. If he wanted to burn it he could have done that, too. I'm just glad he didn't live in corrupt Erie County where they make it super easy to steal the identity of the elderly when they're in the end stages of Alzheimers.

lifetimeresident

@Grandmasgirl
You know as well as I what they will do with this money. It will go to the bills that are paid with charity. The qualified 100% free. If there was not donations like this there would be no such thing as free service and this hospital along with others would go Bankrupt. This man truely is a blessing.

KnuckleDragger

Right you are, and what the grumblers out there don't want to admit is that cleveland clinic provides more charity care than any other hospital in the state.

grandmasgirl

Both of you might be right, but I thought that if this donation SPECIFIED that the money go to research, that is where it HAD to go. Don't they have to account for where this money went? Also, every hospital has charity cases. That is one reason that the insurance rates are so high for people who actually do have insurance. They pad your bill to help pay for the ones who can't pay. At least that is what I was told.

The Big Dog's back

Gee knucklehead, that charity theory of yours got blown out of the water. RESEARCH! In other words building named after him.

Dr. Information

Dude get over the jealousy thing. Miserable much lol!!!!!!!!!!!

KURTje

Godda wonder here. Hope it is for the best. Yet it isn't that hard to shovel your neighbor's walk or give clothes or other un-needed items away to deserving people. Average people like US can make a difference.

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