Immediate (Monday, September 27, 2004)

Collin Parker

Fletcher Allen Public Affairs

802-847-2886

Fletcher Allen Named as Beneficiary of $2.5M Gift

BURLINGTON, VT - Fletcher Allen Health Care today announced that Peter and Brenda Gartman have established a $2.5 million Charitable Remainder Unitrust*, naming Fletcher Allen as the beneficiary.

In 1999, Mr. Gartman was diagnosed with a life-threatening illness by Fletcher Allen dermatologist Glenn Goldman, MD.  Mr. Gartman subsequently received the appropriate treatment, and the illness is now controlled.

"Glenn's inquisitive, comprehensive style of medicine is an invaluable gift to the community," said Mr. Gartman.

Mr. Gartman serves as president of Independent Production Services, a wholly-owned subsidiary of Limited Brands, Inc, the parent company of The Limited, Express, and Victoria's Secret, among others. Peter, Brenda, and their children Lauren, Briana, and Paul reside in Shelburne.

To recognize the Gartman's generous donation, Fletcher Allen is also announcing that the clinical module for Medicine in the east pavilion of new Ambulatory Care Center will be named the Gartman Medicine Treatment Center, in honor of Mr. Gartman's father and grandfather, both of whom were physicians in Philadelphia.

"I believe in a balanced lifestyle that supports your family, community and workplace," said Gartman. It's also a way to support Fletcher Allen in providing high quality, affordable health care for this community."

"Words cannot adequately express the appreciation and gratitude we have for this tremendous act of generosity," said Manon O'Connor, interim director for Development at Fletcher Allen.  "People like Peter and Brenda Gartman are inspiring in that they get involved in their community on multiple levels and look for ways to give, not just money, but their time, experience and commitment to make a difference. We are incredibly fortunate to have the Gartmans in our community."

*With a Charitable Remainder Unitrust, a donor irrevocably transfers money to a named beneficiary.  The beneficiary, in turn, typically pays a quarterly annuity from the reinvested assets back to the donor.  The beneficiary yields the interest from the assets, and when the trust matures, any remaining assets are also transferred to the beneficiary.