“Ray and Betty Ann reflected the unofficial trademarks of the Greatest Generation.”
Standing the test of time
The lives and legacy of Ray and Betty Ann Meliza have stood the test of time. You’ll not find their names on the credits of a Hollywood movie, or on a list of “Who’s Who.” Yet, because of their uncompromising values and integrity, they have left a lasting impression.
Like most of the Greatest Generation, Ray and Betty Ann were nose-to-the-grindstone individuals. Equipped with a post-World War II college degree, Ray began a rewarding 40+ year career with Standard Oil Company. A loving, supporting environment encouraged their son, Michael, to pursue his career as a dentist. Dependable, consistent, dedicated, loyal, and honest: Ray and Betty Ann reflected the unofficial trademarks of the Greatest Generation.
For several decades, Ray was an astute investor in the stock market. He parlayed that success to fulfill another passion: supporting Mission Hospital. Using highly appreciated stock, Ray and Betty Ann created two charitable remainder trusts to accomplish three objectives: provide income for the remainder of their lives, provide income to Michael and, finally, provide a remainder legacy gift for Mission Hospital. By funding these trusts with appreciated assets, they avoided a formidable capital gains tax had they instead sold the assets. Again, Ray’s financial acumen underscored accumulated wisdom. We recently learned that Ray and Betty Ann also created a legacy gift to Mission Hospital from their living trust.
Ray and Betty Ann lived their values, patiently and steadfastly pursing excellence. They stood, were tested and ultimately heard the divine greeting, “Well done, good and faithful servants.”
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