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![Page 1: Document](https://reader033.fdocuments.in/reader033/viewer/2022052703/568bf3a21a28ab89339b0c08/html5/thumbnails/1.jpg)
INSIGHTSINSIGHTSA C H A R I T A B L E P L A N N I N G G U I D E F O R I S U A L U M N I A N D F R I E N D S
FALL 2009
I O W A S T A T E U N I V E R S I T Y F O U N D A T I O N
OBSERVING DEPARTMENTAL NEEDS FIRSTHAND
s a longtime faculty member in the College
of Engineering, Howard Johnson saw firsthand the need for newfacilities and programmatic support in his home department of agriculture and biosystemsengineering.
So it was not difficult for Howard
and his wife, Pat, to choose to
support the department with their
philanthropy. “We both have degrees
from Iowa State and strong ties to the
university,” Howard says. “Our gift
goes to the department. I worked
there a long time and daily saw the
need for additional support. We
always wanted to assist the department.”
The Johnsons have established a
charitable gift annuity for teaching
facilities and equipment in the department
of agriculture and biosystems engineering.
A gift annuity is a contractual
agreement between a donor or donors
and the Iowa State University Foundation
in which assets are transferred in
exchange for a lifetime annuity, to be
paid back to the donor(s). The donor(s)
receives an immediate charitable income
tax deduction, with the rates based on
the age of the donor(s) at the time the
annuity is established.
“With the charitable gift annuity
we were able to get some tax
assistance, establish some
annual income and help
Iowa State at the
same time.
—Howard Johnson
To learn how you can easily provide support for future ISU students, go to www.foundation.iastate.edu/studentsupport
A
The ISU Foundation is acknowledged by Iowa State University as the preferred channel for administering trust and estate gifts that benefit the university. This is accomplished by using the name Iowa State University Foundation in your legal documents. Please contact the foundation for additional information.
MEET THE STAFFIowa State University Office of Gift Planning
Lynda JacobsonAssistant Vice President of Development
Lynda joined the ISU Foundation
in August 1999 and is responsible
for the organization’s gift planning
efforts. Lynda is a frequent presenter
at professional conferences on gift
planning. She holds bachelor’s and
master’s degrees from Minnesota State University, Mankato, and
worked in her alma mater’s foundation office for a number of
years, including as director of planned giving.
Paul CaspersenExecutive Director of Development
Paul came to the ISU Foundation in
spring 2009 after serving as a wealth
management advisor and managing
principal of the Ames office of
TIAA-CREF. Paul has also previously
worked in the financial sector with
Wells Fargo Private Client Services,
Edward Jones Investments, Van Kampen Investments, and Olde
Discount Stockbrockers. A certified financial planner, Paul is a
graduate of the University of Northern Iowa.
Gregg HindersAdministrative Coordinator
A graduate of Central College in Pella,
Iowa, Gregg is a native Iowan with
professional experience as a personal
banker/consumer lender with First
State Bank and Iowa State Bank, both
in Parkersburg, Iowa. Gregg joined the
ISU Foundation in 2008.
Kathy TeigDevelopment Assistant
Kathy became a member of the
ISU Foundation staff in the spring
of 2009. Kathy has worked as an
administrative assistant to the
president and personnel officer
with Wartburg Theological Seminary
in Dubuque, Iowa; as an office
manager/case aide for Catholic Social Services in Marinette, Wis.;
and as a claims examiner with The Principal Financial Group.
IOWA STATE UNIVERSITY FOUNDATION
2505 UNIVERSITY BOULEVARD
P.O.BOX 2230AMES, IOWA 50010-2230TOLL-FREE: 800.621.8515www.isugift.org
Share the following suggested wording with your estate planning attorney to add to your will or living trust.
I give, devise and bequeath to the Iowa State University
Foundation, a not-for-profit corporation, existing under
the laws of the State of Iowa, and located at Ames, Iowa,
______ (percent of my estate, dollars, property, securities,
etc.) to be used for ______ (however you wish for your
gift to be used) at Iowa State University.
>> HOW TO REMEMBER IOWA STATEUNIVERSITY IN YOUR WILL
OUR MISSION
Iowa State University works
to create, share and apply
knowledge to make Iowa and
the world a better place. The
Iowa State University Foundation
is a private non-profit organization
dedicated to securing and stewarding
private gifts and grants that benefit
Iowa State University. Each year,
thousands of generous benefactors
make gifts to show their
support for Iowa State.
ACTION LIST 3 WAYS TO LEARN MORE TODAY
Remembering the Iowa State
University Foundation in your will
is the most enduring statement
you can make about your belief
in our mission. The support you
have offered throughout your
lifetime can go on for years
to come.
HOW IT WORKSTo make a charitable
bequest, you need a
current will or revocable
living trust. Your gift can be made
as either a specific bequest or as a
percentage of your estate. Through
a specific bequest, you give a certain
amount of cash, securities or property.
Most people, however, do not know
what the exact size of their estate will
be at their death. Therefore, making a
gift by using a percentage amount can
be a more desirable way to divide your
estate—allowing you to give in the
correct proportions to family, friends
and the organizations you hold dear.
SIMPLE, YET POWERFULRemember ISU in Your Will
Return the reply card to receive your free guide, and make sure your will is the best it can be.
Visit us online at www.isugift.org to learn more about supporting the future of Iowa State University.
Contact our staff with questions or comments about anything covered in this publication. We’re happy to help, at no obligation. (800.621.8515)
Continued inside
Contact us to learn more about this simple, powerful way to support Iowa State in the future.>>
”IN THIS ISSUE• Tidying Up Your Year-End
Giving Plans
• 4 Easy Steps to Creating A Charitable Gift Annuity
• Simple, Yet Powerful:Remember ISU in Your Will
• Meet the Staff: Iowa StateUniversity Office of Gift Planning
©2009 Iowa State University Foundation and The Stelter CompanyThe information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited inexamples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxesonly. Individual state taxes and/or state law may impact your results.
![Page 2: Document](https://reader033.fdocuments.in/reader033/viewer/2022052703/568bf3a21a28ab89339b0c08/html5/thumbnails/2.jpg)
hile it’s always wise to thinkof ways to preserve yourwealth, you can look at the
end of the year as an opportune time tobe tax-savvy with your finances.
DECIDE HOW YOU WOULD LIKE THE ISU FOUNDATION TO USE YOUR GIFTNow is the time to make sure you have
a plan in place to protect your wealth
with valuable and often overlooked tax
deductions. Making these moves now can
help save you from an unnecessary tax
bite in 2009.
Start by estimating how much income
you expect to earn by the end of 2009.
Knowing this information can help you
decide how much you may want to give
to favorite causes, resulting in reduced
income taxes.
TIDYING UP YOUR YEAR-END GIVING PLANSSmall Moves That Can Pay Off
Following are a few innovative year-end
giving ideas that can reduce your potential
tax hit or even boost your income this year
while getting a tax break.
GIVING AND RECEIVINGWhen you support Iowa State University,
you not only make a difference in the lives
of students, faculty and staff, but you also
receive a tax deduction. You can usually
itemize and write off the amount you’re
donating, resulting in lower taxable income.
If you are unsure whether your gift is tax-
deductible, you can always check with us.
GETTING INCOME FROM YOUR GIFTWhether you’re still working or retired, you
may decide after assessing your finances that
you need more income. Consider setting up
a life income gift to benefit a charitable
organization such as the ISU Foundation.
In exchange for your gift of cash or
securities, or possibly real estate, you (or
a beneficiary you designate) receive
income for life. Plus, you get a partial
charitable tax deduction the year you
make the gift. Once the payment
period ends — or you or your
beneficiary passes on — the
remaining assets go to Iowa State.
USING TAX-SMARTSTRATEGIES TO MAKE GIFTSConsider donating appreciated
property instead of cash. If you
OBSERVING DEPARTMENTAL NEEDS FIRSTHAND
donate property you have owned for more
than a year, the amount you can write off is
the asset’s value on the day you make the
gift. So if the property has increased in value
while you’ve owned it, you won’t owe tax
on its appreciation.
If the property’s value is now below
your original purchase price, you could
sell to take a capital loss as allowed by law,
thus reducing your taxable income. Then
donate the cash to Iowa State. Both cases are
win-win situations — you help the university
while smartly managing your taxes.
CONTACT US TO LEARN MORE.
GIFT IMPACTCharitable Remainder Trust“Receiving the Eldred and Donna
Harman Scholarship has providedme with financial security and academic confidence as I completemy final year at Iowa State. Thisscholarship has allowed me to surpass my academic limits andgiven me the ability to propel myfuture goals and expectations.”
Justine HoschCascade, IowaSenior, Animal Science MajorRecipient of the Eldred J. and DonnaHarman Scholarship
CHARITABLE REMAINDER TRUSTA charitable trust to benefit Iowa Stateis established when you transfer assetssuch as cash, securities or real estate toa trust where the assets are invested topay an annual, lifetime or term-of-yearsincome to you or other beneficiaries.When the trust matures, the remainingtrust assets are distributed by thetrustee according to your wishes.
THERE ARE MANYWAYS TO GIVE
To learn about the many types of gifts you canmake to supportIowa StateUniversity andtheir benefits to you, contact the Iowa StateUniversityFoundation today!
W
4 EASY STEPS TO CREATING A CHARITABLE GIFT ANNUITYEstablishing a charitable gift annuity is smart, rewarding…and simple! In just four steps, you can create a gift that will provide for your future as well as ours.
THANK YOU!
It is through your
generosity that we
can make a
difference in the
lives of students.
For a personal illustration of how a CGA could benefit you, call the Iowa State University Foundation today.
FINALIZE YOUR CHARITABLE GOALS
Think about your goals and
desires for our future and then
determine what you wish to
support. You may either restrict
your gift to benefit a particular
program or leave the gift
unrestricted, allowing the
university to use your gift for
our most pressing needs.
DETERMINE WHICH ASSET TO DONATE
You can fund your gift annuity
with cash, stocks or bonds.
When making your decision,
consider the asset’s fair market
value and cost basis. Also,
compare the asset’s income to
the proposed gift annuity
payments (call us for rates based
on your age).
STATE WHO SHOULDRECEIVE THE
PAYMENTSGift annuities make lifetime
payments you can never
outlive. You can also provide
payments for another
individual—typically your
spouse, but could also be a
parent, child, family member
or friend.
DECIDE YOUR PAYMENT DATE
Your payments may begin
immediately, or you may defer
them into the future. Deferring
your payments benefits you by
increasing your annual payout
as well as your income tax
deduction. You must also
decide how you want to
receive your payments.
2 31 4
According to the Johnsons, the charitable
gift annuity was a good fit for their
philanthropic endeavors. “With the
charitable gift annuity we were able to
get some tax assistance, establish some
annual income and help Iowa State at
the same time,” Howard says.
Howard’s professional life revolved
around his career at Iowa State. He
earned bachelor’s (’49), master’s (’50) and
doctoral (’59) degrees from the university,
as well as a master’s from the University of
Iowa in 1954.During his graduate studies,
he worked in the department in a variety
of positions before joining the faculty in
1959, where he remained until retiring in
1988 as an Anson Marston Distinguished
Professor of Engineering.
His involvement with the department
and Iowa State didn’t conclude with his
retirement. In 2005, he
published Agricultural
Engineering Century:
Iowa State University,
a historical look at
the department.
Pat is a 1952
family and consumer
sciences graduate of Iowa
State and was employed as an instructor
in that department. She has volunteered
on many community service committees
in Ames and served as finance advisor
for her college sorority, Alpha
Gamma Delta.
Their children are Iowa State
graduates: Cynthia in English and
journalism ’76, Lynette in botany ’77
and Malcolm in civil engineering ’82.
GIVE A MEANINGFUL GIFTYou have worked hard to accumulate assets throughout your life. When you create a will, you have the ability to determine how your assets are distributed at death. To learn how to make a meaningful gift and save specific assets, send for our complimentary guide, Make Your Final Wishes Come True,by completing and returning the enclosed reply card.
Continued from cover
>>TIME IS RUNNING OUTIf you’re 701/2 or older, you can make tax-free gifts of up to$100,000 directly from your IRA to qualified charities like theISU Foundation. But don’t wait long — this opportunityexpires Dec. 31, 2009. Contact us to learn more.
JUSTINE HOSCH
![Page 3: Document](https://reader033.fdocuments.in/reader033/viewer/2022052703/568bf3a21a28ab89339b0c08/html5/thumbnails/3.jpg)
hile it’s always wise to thinkof ways to preserve yourwealth, you can look at the
end of the year as an opportune time tobe tax-savvy with your finances.
DECIDE HOW YOU WOULD LIKE THE ISU FOUNDATION TO USE YOUR GIFTNow is the time to make sure you have
a plan in place to protect your wealth
with valuable and often overlooked tax
deductions. Making these moves now can
help save you from an unnecessary tax
bite in 2009.
Start by estimating how much income
you expect to earn by the end of 2009.
Knowing this information can help you
decide how much you may want to give
to favorite causes, resulting in reduced
income taxes.
TIDYING UP YOUR YEAR-END GIVING PLANSSmall Moves That Can Pay Off
Following are a few innovative year-end
giving ideas that can reduce your potential
tax hit or even boost your income this year
while getting a tax break.
GIVING AND RECEIVINGWhen you support Iowa State University,
you not only make a difference in the lives
of students, faculty and staff, but you also
receive a tax deduction. You can usually
itemize and write off the amount you’re
donating, resulting in lower taxable income.
If you are unsure whether your gift is tax-
deductible, you can always check with us.
GETTING INCOME FROM YOUR GIFTWhether you’re still working or retired, you
may decide after assessing your finances that
you need more income. Consider setting up
a life income gift to benefit a charitable
organization such as the ISU Foundation.
In exchange for your gift of cash or
securities, or possibly real estate, you (or
a beneficiary you designate) receive
income for life. Plus, you get a partial
charitable tax deduction the year you
make the gift. Once the payment
period ends — or you or your
beneficiary passes on — the
remaining assets go to Iowa State.
USING TAX-SMARTSTRATEGIES TO MAKE GIFTSConsider donating appreciated
property instead of cash. If you
OBSERVING DEPARTMENTAL NEEDS FIRSTHAND
donate property you have owned for more
than a year, the amount you can write off is
the asset’s value on the day you make the
gift. So if the property has increased in value
while you’ve owned it, you won’t owe tax
on its appreciation.
If the property’s value is now below
your original purchase price, you could
sell to take a capital loss as allowed by law,
thus reducing your taxable income. Then
donate the cash to Iowa State. Both cases are
win-win situations — you help the university
while smartly managing your taxes.
CONTACT US TO LEARN MORE.
GIFT IMPACTCharitable Remainder Trust“Receiving the Eldred and Donna
Harman Scholarship has providedme with financial security and academic confidence as I completemy final year at Iowa State. Thisscholarship has allowed me to surpass my academic limits andgiven me the ability to propel myfuture goals and expectations.”
Justine HoschCascade, IowaSenior, Animal Science MajorRecipient of the Eldred J. and DonnaHarman Scholarship
CHARITABLE REMAINDER TRUSTA charitable trust to benefit Iowa Stateis established when you transfer assetssuch as cash, securities or real estate toa trust where the assets are invested topay an annual, lifetime or term-of-yearsincome to you or other beneficiaries.When the trust matures, the remainingtrust assets are distributed by thetrustee according to your wishes.
THERE ARE MANYWAYS TO GIVE
To learn about the many types of gifts you canmake to supportIowa StateUniversity andtheir benefits to you, contact the Iowa StateUniversityFoundation today!
W
4 EASY STEPS TO CREATING A CHARITABLE GIFT ANNUITYEstablishing a charitable gift annuity is smart, rewarding…and simple! In just four steps, you can create a gift that will provide for your future as well as ours.
THANK YOU!
It is through your
generosity that we
can make a
difference in the
lives of students.
For a personal illustration of how a CGA could benefit you, call the Iowa State University Foundation today.
FINALIZE YOUR CHARITABLE GOALS
Think about your goals and
desires for our future and then
determine what you wish to
support. You may either restrict
your gift to benefit a particular
program or leave the gift
unrestricted, allowing the
university to use your gift for
our most pressing needs.
DETERMINE WHICH ASSET TO DONATE
You can fund your gift annuity
with cash, stocks or bonds.
When making your decision,
consider the asset’s fair market
value and cost basis. Also,
compare the asset’s income to
the proposed gift annuity
payments (call us for rates based
on your age).
STATE WHO SHOULDRECEIVE THE
PAYMENTSGift annuities make lifetime
payments you can never
outlive. You can also provide
payments for another
individual—typically your
spouse, but could also be a
parent, child, family member
or friend.
DECIDE YOUR PAYMENT DATE
Your payments may begin
immediately, or you may defer
them into the future. Deferring
your payments benefits you by
increasing your annual payout
as well as your income tax
deduction. You must also
decide how you want to
receive your payments.
2 31 4
According to the Johnsons, the charitable
gift annuity was a good fit for their
philanthropic endeavors. “With the
charitable gift annuity we were able to
get some tax assistance, establish some
annual income and help Iowa State at
the same time,” Howard says.
Howard’s professional life revolved
around his career at Iowa State. He
earned bachelor’s (’49), master’s (’50) and
doctoral (’59) degrees from the university,
as well as a master’s from the University of
Iowa in 1954.During his graduate studies,
he worked in the department in a variety
of positions before joining the faculty in
1959, where he remained until retiring in
1988 as an Anson Marston Distinguished
Professor of Engineering.
His involvement with the department
and Iowa State didn’t conclude with his
retirement. In 2005, he
published Agricultural
Engineering Century:
Iowa State University,
a historical look at
the department.
Pat is a 1952
family and consumer
sciences graduate of Iowa
State and was employed as an instructor
in that department. She has volunteered
on many community service committees
in Ames and served as finance advisor
for her college sorority, Alpha
Gamma Delta.
Their children are Iowa State
graduates: Cynthia in English and
journalism ’76, Lynette in botany ’77
and Malcolm in civil engineering ’82.
GIVE A MEANINGFUL GIFTYou have worked hard to accumulate assets throughout your life. When you create a will, you have the ability to determine how your assets are distributed at death. To learn how to make a meaningful gift and save specific assets, send for our complimentary guide, Make Your Final Wishes Come True,by completing and returning the enclosed reply card.
Continued from cover
>>TIME IS RUNNING OUTIf you’re 701/2 or older, you can make tax-free gifts of up to$100,000 directly from your IRA to qualified charities like theISU Foundation. But don’t wait long — this opportunityexpires Dec. 31, 2009. Contact us to learn more.
JUSTINE HOSCH
![Page 4: Document](https://reader033.fdocuments.in/reader033/viewer/2022052703/568bf3a21a28ab89339b0c08/html5/thumbnails/4.jpg)
hile it’s always wise to thinkof ways to preserve yourwealth, you can look at the
end of the year as an opportune time tobe tax-savvy with your finances.
DECIDE HOW YOU WOULD LIKE THE ISU FOUNDATION TO USE YOUR GIFTNow is the time to make sure you have
a plan in place to protect your wealth
with valuable and often overlooked tax
deductions. Making these moves now can
help save you from an unnecessary tax
bite in 2009.
Start by estimating how much income
you expect to earn by the end of 2009.
Knowing this information can help you
decide how much you may want to give
to favorite causes, resulting in reduced
income taxes.
TIDYING UP YOUR YEAR-END GIVING PLANSSmall Moves That Can Pay Off
Following are a few innovative year-end
giving ideas that can reduce your potential
tax hit or even boost your income this year
while getting a tax break.
GIVING AND RECEIVINGWhen you support Iowa State University,
you not only make a difference in the lives
of students, faculty and staff, but you also
receive a tax deduction. You can usually
itemize and write off the amount you’re
donating, resulting in lower taxable income.
If you are unsure whether your gift is tax-
deductible, you can always check with us.
GETTING INCOME FROM YOUR GIFTWhether you’re still working or retired, you
may decide after assessing your finances that
you need more income. Consider setting up
a life income gift to benefit a charitable
organization such as the ISU Foundation.
In exchange for your gift of cash or
securities, or possibly real estate, you (or
a beneficiary you designate) receive
income for life. Plus, you get a partial
charitable tax deduction the year you
make the gift. Once the payment
period ends — or you or your
beneficiary passes on — the
remaining assets go to Iowa State.
USING TAX-SMARTSTRATEGIES TO MAKE GIFTSConsider donating appreciated
property instead of cash. If you
OBSERVING DEPARTMENTAL NEEDS FIRSTHAND
donate property you have owned for more
than a year, the amount you can write off is
the asset’s value on the day you make the
gift. So if the property has increased in value
while you’ve owned it, you won’t owe tax
on its appreciation.
If the property’s value is now below
your original purchase price, you could
sell to take a capital loss as allowed by law,
thus reducing your taxable income. Then
donate the cash to Iowa State. Both cases are
win-win situations — you help the university
while smartly managing your taxes.
CONTACT US TO LEARN MORE.
GIFT IMPACTCharitable Remainder Trust“Receiving the Eldred and Donna
Harman Scholarship has providedme with financial security and academic confidence as I completemy final year at Iowa State. Thisscholarship has allowed me to surpass my academic limits andgiven me the ability to propel myfuture goals and expectations.”
Justine HoschCascade, IowaSenior, Animal Science MajorRecipient of the Eldred J. and DonnaHarman Scholarship
CHARITABLE REMAINDER TRUSTA charitable trust to benefit Iowa Stateis established when you transfer assetssuch as cash, securities or real estate toa trust where the assets are invested topay an annual, lifetime or term-of-yearsincome to you or other beneficiaries.When the trust matures, the remainingtrust assets are distributed by thetrustee according to your wishes.
THERE ARE MANYWAYS TO GIVE
To learn about the many types of gifts you canmake to supportIowa StateUniversity andtheir benefits to you, contact the Iowa StateUniversityFoundation today!
W
4 EASY STEPS TO CREATING A CHARITABLE GIFT ANNUITYEstablishing a charitable gift annuity is smart, rewarding…and simple! In just four steps, you can create a gift that will provide for your future as well as ours.
THANK YOU!
It is through your
generosity that we
can make a
difference in the
lives of students.
For a personal illustration of how a CGA could benefit you, call the Iowa State University Foundation today.
FINALIZE YOUR CHARITABLE GOALS
Think about your goals and
desires for our future and then
determine what you wish to
support. You may either restrict
your gift to benefit a particular
program or leave the gift
unrestricted, allowing the
university to use your gift for
our most pressing needs.
DETERMINE WHICH ASSET TO DONATE
You can fund your gift annuity
with cash, stocks or bonds.
When making your decision,
consider the asset’s fair market
value and cost basis. Also,
compare the asset’s income to
the proposed gift annuity
payments (call us for rates based
on your age).
STATE WHO SHOULDRECEIVE THE
PAYMENTSGift annuities make lifetime
payments you can never
outlive. You can also provide
payments for another
individual—typically your
spouse, but could also be a
parent, child, family member
or friend.
DECIDE YOUR PAYMENT DATE
Your payments may begin
immediately, or you may defer
them into the future. Deferring
your payments benefits you by
increasing your annual payout
as well as your income tax
deduction. You must also
decide how you want to
receive your payments.
2 31 4
According to the Johnsons, the charitable
gift annuity was a good fit for their
philanthropic endeavors. “With the
charitable gift annuity we were able to
get some tax assistance, establish some
annual income and help Iowa State at
the same time,” Howard says.
Howard’s professional life revolved
around his career at Iowa State. He
earned bachelor’s (’49), master’s (’50) and
doctoral (’59) degrees from the university,
as well as a master’s from the University of
Iowa in 1954.During his graduate studies,
he worked in the department in a variety
of positions before joining the faculty in
1959, where he remained until retiring in
1988 as an Anson Marston Distinguished
Professor of Engineering.
His involvement with the department
and Iowa State didn’t conclude with his
retirement. In 2005, he
published Agricultural
Engineering Century:
Iowa State University,
a historical look at
the department.
Pat is a 1952
family and consumer
sciences graduate of Iowa
State and was employed as an instructor
in that department. She has volunteered
on many community service committees
in Ames and served as finance advisor
for her college sorority, Alpha
Gamma Delta.
Their children are Iowa State
graduates: Cynthia in English and
journalism ’76, Lynette in botany ’77
and Malcolm in civil engineering ’82.
GIVE A MEANINGFUL GIFTYou have worked hard to accumulate assets throughout your life. When you create a will, you have the ability to determine how your assets are distributed at death. To learn how to make a meaningful gift and save specific assets, send for our complimentary guide, Make Your Final Wishes Come True,by completing and returning the enclosed reply card.
Continued from cover
>>TIME IS RUNNING OUTIf you’re 701/2 or older, you can make tax-free gifts of up to$100,000 directly from your IRA to qualified charities like theISU Foundation. But don’t wait long — this opportunityexpires Dec. 31, 2009. Contact us to learn more.
JUSTINE HOSCH
![Page 5: Document](https://reader033.fdocuments.in/reader033/viewer/2022052703/568bf3a21a28ab89339b0c08/html5/thumbnails/5.jpg)
INSIGHTSINSIGHTSA C H A R I T A B L E P L A N N I N G G U I D E F O R I S U A L U M N I A N D F R I E N D S
FALL 2009
I O W A S T A T E U N I V E R S I T Y F O U N D A T I O N
OBSERVING DEPARTMENTAL NEEDS FIRSTHAND
s a longtime faculty member in the College
of Engineering, Howard Johnson saw firsthand the need for newfacilities and programmatic support in his home department of agriculture and biosystemsengineering.
So it was not difficult for Howard
and his wife, Pat, to choose to
support the department with their
philanthropy. “We both have degrees
from Iowa State and strong ties to the
university,” Howard says. “Our gift
goes to the department. I worked
there a long time and daily saw the
need for additional support. We
always wanted to assist the department.”
The Johnsons have established a
charitable gift annuity for teaching
facilities and equipment in the department
of agriculture and biosystems engineering.
A gift annuity is a contractual
agreement between a donor or donors
and the Iowa State University Foundation
in which assets are transferred in
exchange for a lifetime annuity, to be
paid back to the donor(s). The donor(s)
receives an immediate charitable income
tax deduction, with the rates based on
the age of the donor(s) at the time the
annuity is established.
“With the charitable gift annuity
we were able to get some tax
assistance, establish some
annual income and help
Iowa State at the
same time.
—Howard Johnson
To learn how you can easily provide support for future ISU students, go to www.foundation.iastate.edu/studentsupport
A
The ISU Foundation is acknowledged by Iowa State University as the preferred channel for administering trust and estate gifts that benefit the university. This is accomplished by using the name Iowa State University Foundation in your legal documents. Please contact the foundation for additional information.
MEET THE STAFFIowa State University Office of Gift Planning
Lynda JacobsonAssistant Vice President of Development
Lynda joined the ISU Foundation
in August 1999 and is responsible
for the organization’s gift planning
efforts. Lynda is a frequent presenter
at professional conferences on gift
planning. She holds bachelor’s and
master’s degrees from Minnesota State University, Mankato, and
worked in her alma mater’s foundation office for a number of
years, including as director of planned giving.
Paul CaspersenExecutive Director of Development
Paul came to the ISU Foundation in
spring 2009 after serving as a wealth
management advisor and managing
principal of the Ames office of
TIAA-CREF. Paul has also previously
worked in the financial sector with
Wells Fargo Private Client Services,
Edward Jones Investments, Van Kampen Investments, and Olde
Discount Stockbrockers. A certified financial planner, Paul is a
graduate of the University of Northern Iowa.
Gregg HindersAdministrative Coordinator
A graduate of Central College in Pella,
Iowa, Gregg is a native Iowan with
professional experience as a personal
banker/consumer lender with First
State Bank and Iowa State Bank, both
in Parkersburg, Iowa. Gregg joined the
ISU Foundation in 2008.
Kathy TeigDevelopment Assistant
Kathy became a member of the
ISU Foundation staff in the spring
of 2009. Kathy has worked as an
administrative assistant to the
president and personnel officer
with Wartburg Theological Seminary
in Dubuque, Iowa; as an office
manager/case aide for Catholic Social Services in Marinette, Wis.;
and as a claims examiner with The Principal Financial Group.
IOWA STATE UNIVERSITY FOUNDATION
2505 UNIVERSITY BOULEVARD
P.O.BOX 2230AMES, IOWA 50010-2230TOLL-FREE: 800.621.8515www.isugift.org
Share the following suggested wording with your estate planning attorney to add to your will or living trust.
I give, devise and bequeath to the Iowa State University
Foundation, a not-for-profit corporation, existing under
the laws of the State of Iowa, and located at Ames, Iowa,
______ (percent of my estate, dollars, property, securities,
etc.) to be used for ______ (however you wish for your
gift to be used) at Iowa State University.
>> HOW TO REMEMBER IOWA STATEUNIVERSITY IN YOUR WILL
OUR MISSION
Iowa State University works
to create, share and apply
knowledge to make Iowa and
the world a better place. The
Iowa State University Foundation
is a private non-profit organization
dedicated to securing and stewarding
private gifts and grants that benefit
Iowa State University. Each year,
thousands of generous benefactors
make gifts to show their
support for Iowa State.
ACTION LIST 3 WAYS TO LEARN MORE TODAY
Remembering the Iowa State
University Foundation in your will
is the most enduring statement
you can make about your belief
in our mission. The support you
have offered throughout your
lifetime can go on for years
to come.
HOW IT WORKSTo make a charitable
bequest, you need a
current will or revocable
living trust. Your gift can be made
as either a specific bequest or as a
percentage of your estate. Through
a specific bequest, you give a certain
amount of cash, securities or property.
Most people, however, do not know
what the exact size of their estate will
be at their death. Therefore, making a
gift by using a percentage amount can
be a more desirable way to divide your
estate—allowing you to give in the
correct proportions to family, friends
and the organizations you hold dear.
SIMPLE, YET POWERFULRemember ISU in Your Will
Return the reply card to receive your free guide, and make sure your will is the best it can be.
Visit us online at www.isugift.org to learn more about supporting the future of Iowa State University.
Contact our staff with questions or comments about anything covered in this publication. We’re happy to help, at no obligation. (800.621.8515)
Continued inside
Contact us to learn more about this simple, powerful way to support Iowa State in the future.>>
”IN THIS ISSUE• Tidying Up Your Year-End
Giving Plans
• 4 Easy Steps to Creating A Charitable Gift Annuity
• Simple, Yet Powerful:Remember ISU in Your Will
• Meet the Staff: Iowa StateUniversity Office of Gift Planning
©2009 Iowa State University Foundation and The Stelter CompanyThe information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited inexamples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxesonly. Individual state taxes and/or state law may impact your results.
![Page 6: Document](https://reader033.fdocuments.in/reader033/viewer/2022052703/568bf3a21a28ab89339b0c08/html5/thumbnails/6.jpg)
INSIGHTSINSIGHTSA C H A R I T A B L E P L A N N I N G G U I D E F O R I S U A L U M N I A N D F R I E N D S
FALL 2009
I O W A S T A T E U N I V E R S I T Y F O U N D A T I O N
OBSERVING DEPARTMENTAL NEEDS FIRSTHAND
s a longtime faculty member in the College
of Engineering, Howard Johnson saw firsthand the need for newfacilities and programmatic support in his home department of agriculture and biosystemsengineering.
So it was not difficult for Howard
and his wife, Pat, to choose to
support the department with their
philanthropy. “We both have degrees
from Iowa State and strong ties to the
university,” Howard says. “Our gift
goes to the department. I worked
there a long time and daily saw the
need for additional support. We
always wanted to assist the department.”
The Johnsons have established a
charitable gift annuity for teaching
facilities and equipment in the department
of agriculture and biosystems engineering.
A gift annuity is a contractual
agreement between a donor or donors
and the Iowa State University Foundation
in which assets are transferred in
exchange for a lifetime annuity, to be
paid back to the donor(s). The donor(s)
receives an immediate charitable income
tax deduction, with the rates based on
the age of the donor(s) at the time the
annuity is established.
“With the charitable gift annuity
we were able to get some tax
assistance, establish some
annual income and help
Iowa State at the
same time.
—Howard Johnson
To learn how you can easily provide support for future ISU students, go to www.foundation.iastate.edu/studentsupport
A
The ISU Foundation is acknowledged by Iowa State University as the preferred channel for administering trust and estate gifts that benefit the university. This is accomplished by using the name Iowa State University Foundation in your legal documents. Please contact the foundation for additional information.
MEET THE STAFFIowa State University Office of Gift Planning
Lynda JacobsonAssistant Vice President of Development
Lynda joined the ISU Foundation
in August 1999 and is responsible
for the organization’s gift planning
efforts. Lynda is a frequent presenter
at professional conferences on gift
planning. She holds bachelor’s and
master’s degrees from Minnesota State University, Mankato, and
worked in her alma mater’s foundation office for a number of
years, including as director of planned giving.
Paul CaspersenExecutive Director of Development
Paul came to the ISU Foundation in
spring 2009 after serving as a wealth
management advisor and managing
principal of the Ames office of
TIAA-CREF. Paul has also previously
worked in the financial sector with
Wells Fargo Private Client Services,
Edward Jones Investments, Van Kampen Investments, and Olde
Discount Stockbrockers. A certified financial planner, Paul is a
graduate of the University of Northern Iowa.
Gregg HindersAdministrative Coordinator
A graduate of Central College in Pella,
Iowa, Gregg is a native Iowan with
professional experience as a personal
banker/consumer lender with First
State Bank and Iowa State Bank, both
in Parkersburg, Iowa. Gregg joined the
ISU Foundation in 2008.
Kathy TeigDevelopment Assistant
Kathy became a member of the
ISU Foundation staff in the spring
of 2009. Kathy has worked as an
administrative assistant to the
president and personnel officer
with Wartburg Theological Seminary
in Dubuque, Iowa; as an office
manager/case aide for Catholic Social Services in Marinette, Wis.;
and as a claims examiner with The Principal Financial Group.
IOWA STATE UNIVERSITY FOUNDATION
2505 UNIVERSITY BOULEVARD
P.O.BOX 2230AMES, IOWA 50010-2230TOLL-FREE: 800.621.8515www.isugift.org
Share the following suggested wording with your estate planning attorney to add to your will or living trust.
I give, devise and bequeath to the Iowa State University
Foundation, a not-for-profit corporation, existing under
the laws of the State of Iowa, and located at Ames, Iowa,
______ (percent of my estate, dollars, property, securities,
etc.) to be used for ______ (however you wish for your
gift to be used) at Iowa State University.
>> HOW TO REMEMBER IOWA STATEUNIVERSITY IN YOUR WILL
OUR MISSION
Iowa State University works
to create, share and apply
knowledge to make Iowa and
the world a better place. The
Iowa State University Foundation
is a private non-profit organization
dedicated to securing and stewarding
private gifts and grants that benefit
Iowa State University. Each year,
thousands of generous benefactors
make gifts to show their
support for Iowa State.
ACTION LIST 3 WAYS TO LEARN MORE TODAY
Remembering the Iowa State
University Foundation in your will
is the most enduring statement
you can make about your belief
in our mission. The support you
have offered throughout your
lifetime can go on for years
to come.
HOW IT WORKSTo make a charitable
bequest, you need a
current will or revocable
living trust. Your gift can be made
as either a specific bequest or as a
percentage of your estate. Through
a specific bequest, you give a certain
amount of cash, securities or property.
Most people, however, do not know
what the exact size of their estate will
be at their death. Therefore, making a
gift by using a percentage amount can
be a more desirable way to divide your
estate—allowing you to give in the
correct proportions to family, friends
and the organizations you hold dear.
SIMPLE, YET POWERFULRemember ISU in Your Will
Return the reply card to receive your free guide, and make sure your will is the best it can be.
Visit us online at www.isugift.org to learn more about supporting the future of Iowa State University.
Contact our staff with questions or comments about anything covered in this publication. We’re happy to help, at no obligation. (800.621.8515)
Continued inside
Contact us to learn more about this simple, powerful way to support Iowa State in the future.>>
”IN THIS ISSUE• Tidying Up Your Year-End
Giving Plans
• 4 Easy Steps to Creating A Charitable Gift Annuity
• Simple, Yet Powerful:Remember ISU in Your Will
• Meet the Staff: Iowa StateUniversity Office of Gift Planning
©2009 Iowa State University Foundation and The Stelter CompanyThe information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited inexamples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxesonly. Individual state taxes and/or state law may impact your results.