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Centerstone Announces The Dede Wallace Society

Endowment Fund Honors Devoted Mental Health Volunteer



Nashville, Tenn.
— The daughters of the late Louise “Dede” Bullard Wallace, in conjunction with Centerstone, Tennessee’s leading provider of behavioral health services, have established The Dede Wallace Society, named in honor of one who worked tirelessly to improve the community’s mental health care.

Betsy Caldwell, Elena Graves and Anne Nesbitt have joined with Centerstone to found The Dede Wallace Society. It recognizes individuals who include Centerstone in their estate planning. Members of the society will secure Centerstone’s future as a not-for-profit organization providing mental health research, treatment and counseling to individuals, regardless of their ability to pay.

“Centerstone is pleased to honor Dede Wallace with the creation of a society for individuals and families who are as committed as she was to meeting the behavioral and mental health needs in our community,” said David Guth, CEO of Centerstone. “Their contributions will ensure that Centerstone can continue to meet those needs for years to come.”

Dede Wallace, who died in 1969, devoted countless hours to meeting the needs of those with mental health issues in Middle Tennessee. She focused her volunteer efforts on helping women and children who suffered from mental illness, and motivated many others to do the same. In 1970, the Nashville Mental Health Center at 2400 White Ave. was renamed The Dede Wallace Center in her honor. It merged with five other organizations in 1997 to become Centerstone. The mental health network retains the Dede Wallace Campus facilities, and continues to pay tribute to her legacy with the formation of The Dede Wallace Society.

“It is an honor to see that our mother’s spirit of giving continues through the efforts of Centerstone and those who contribute to its mission,” Betsy Caldwell said on behalf of the three daughters. “Our mother set a precedent for taking care of those with mental illness. Now others can do the same through The Dede Wallace Society.”

Financial donations to Centerstone that qualify individuals for membership in The Dede Wallace Society include bequests, charitable remainder trusts, charitable lead trusts, life insurance, qualified retirement plans, IRAs, cash and appreciated securities gifts.