tiger legacies- summer 2011

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TIGER LEGACIES is published quarterly by the Gift Planning Department of the Fort Hays State University Foundation. On the Web: http://foundation.fhsu.edu Gift Planning: http://fhsugift.org Fort Hays State University Foundation PO Box 1060 Hays, KS 67601 785-628-5620 When friends and alumni of FHSU are inspired they have a tendency to return the favor. Such is the case with Betty Marshall and Gene and Jo Ann Fleharty whose recent contributions to FHSU, in the form of charitable gift annuities (CGAs), were inspired by those with whom they worked most closely while at FHSU. For Betty Marshall, inspiration came in the form of George Sternberg. Marshall, who attended FHSU in the late 1940’s, never completed her degree in order that her husband completed his. “We called it getting our PhT degree -- putting hubby through,” explained Marshall. Marshall did ultimately work as a secretary for the Psychology Department for many years on the third floor of McCartney Hall. She often arrived in the mornings before the office opened. “Mr. Sternberg was always there in his workshop assembling a fossil or piecing together shards of a tooth. It was such a wonderfully educational experience it made me wish I could go back to school and major in paleontology or geology,” Marshall said. As Marshall did her estate planning, she did not forget all she had learned from Sternberg, and she wanted to help provide for the future of the museum that now bears his name. Marshall did not want to wait, however, for her gift to benefit the museum, and she saw certain tax advantages by making a gift now through a gift annuity of appreciated assets. “It makes me feel proud to be able to support an organization and a man that I felt so strongly about,” Marshall said. Gene and Jo Ann Fleharty arrived in Hays in 1962. Gene had an opportunity to share his expertise at a number of institutions, but settled on FHSU because of a thriving biology department under the leadership of Dr. Gerald Tomanek. “What I found particularly attractive at Fort Hays State in biology was the graduate program. Dr. Albertson, then Jerry Tomanek, and a great many faculty at that time were involved in graduate research,” said Fleharty. It led the Flehartys to establish a graduate assistantship upon Gene’s retirement. The last three years have seen an increase to two sponsored assistantships per year. The intent of establishing a gift annuity to fund the graduate assistantships was to ensure their availability for years to come. “You can put it in your will, but there’s no guarantee that the university would ever receive the support for the assistantship in the event the money would get used before then. We thought that one way to guarantee our intent would be to establish a gift annuity,” Fleharty said. For each story of inspiration at FHSU there are countless others that have yet to be honored and yet to be told. The FHSU Foundation is here to help honor those whose actions and encouragement was so vast it broke the limits of the classroom, the campus, and even the bounds of time. These gifts began as a seed of inspiration decades ago and will benefit students for decades to come. For more information about gift annuities go to fhsugift.org or call Brad Botz, FHSU Foundation Director of Planned Giving, at (785) 628-5888. Inspiration generates multiple benefits through gift annuities TM Summer 2011

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Fort Hays State University Gift Planning Newsletter

TRANSCRIPT

TIGER LEGACIES is published quarterly by

the Gift Planning Department of the

Fort Hays State University Foundation.

On the Web:

http://foundation.fhsu.edu

Gift Planning: http://fhsugift.org

Fort Hays State University Foundation

PO Box 1060 Hays, KS 67601785-628-5620

When friends and alumni of FHSU are inspired they have a tendency to return the favor. Such is the case with Betty Marshall and Gene and Jo Ann Fleharty whose recent contributions to FHSU, in the form of charitable gift annuities (CGAs), were inspired by those with whom they worked most closely while at FHSU.

For Betty Marshall, inspiration came in the form of George Sternberg. Marshall, who attended FHSU in the late 1940’s, never completed her degree in order that her husband completed his. “We called it getting our PhT degree -- putting hubby through,” explained Marshall. Marshall did ultimately work as a secretary for the Psychology Department for many years on the third floor of McCartney Hall. She often arrived in the mornings before the office opened. “Mr. Sternberg

was always there in his workshop assembling a fossil or piecing together shards of a tooth. It was such a wonderfully educational experience it made me wish I could go back to school and major in paleontology or geology,” Marshall said. As Marshall did her estate planning, she did not forget all she had learned from Sternberg, and she wanted to help provide for the future of the museum that now bears his name. Marshall did not want to wait, however, for her gift to benefit the museum, and she saw certain tax advantages by making a gift now through a gift annuity of appreciated assets. “It makes me feel proud to be able to support an organization and a man that I felt so strongly about,” Marshall said.

Gene and Jo Ann Fleharty arrived in Hays in 1962. Gene had an opportunity to share his expertise at a number of institutions, but settled on FHSU because of a thriving biology department under the leadership of Dr. Gerald Tomanek. “What I found particularly attractive at Fort Hays State in biology was the graduate program. Dr. Albertson, then Jerry Tomanek, and a great many faculty at that time were involved in graduate research,” said Fleharty. It led the Flehartys to establish a graduate assistantship upon Gene’s retirement. The last three years have seen an increase to two sponsored assistantships per year. The intent of establishing a gift annuity to fund the graduate assistantships was to

ensure their availability for years to come. “You can put it in your will, but there’s no guarantee that the university would ever receive the support for the assistantship in the event the money would get used before then. We thought that one way to guarantee our intent would be to establish a gift annuity,” Fleharty said.

For each story of inspiration at FHSU there are countless others that have yet to be honored and yet to be told. The FHSU Foundation is here to help honor those whose actions and encouragement was so vast it broke the limits of the classroom, the campus, and even the bounds of time. These gifts began as a seed of inspiration decades ago and will benefit students for decades to come. For more information about gift annuities go to fhsugift.org or call Brad Botz, FHSU Foundation Director of Planned Giving, at (785) 628-5888.

Inspiration generates multiple benefits through gift annuities

TM

Summer 2011

Fort Hays State UniversityFort Hays State University

CHARITABLE GIFT ANNUITY

Reliably Good News More of Us Could Use

The charitable gift annuity could be one of the best kept secrets of the twenty-first century.

The economy is in the news like never before. Following the ups, downs, twists and turns can make one dizzy. As gas prices rise and CD rates hover near record lows, talk at the local coffee shop and grocery store doesn’t paint an optimistic picture. However, if those are the only places we look and the only places we listen, then we have missed opportunities. Even when the news gives us its worst we can respond with our best.

One thing you will never hear about in the news, or probably won’t be discussed at the local beauty salon, is a charitable gift

annuity. However, it should be. For those who have one, they cannot wait to tell you about them. People who have gift annuities love them and often have more than one.

A charitable gift annuity is a contract between a charitable organization like ours and a donor like you. With a gift annuity you make a gift to the FHSU Foundation and in return you receive fixed payments each year for life. The rates never change after funding.

Gift annuities can be arranged to suit your particular needs.

You can fund them for one or two people, such as you and your spouse. You can also delay the first payment to receive an even higher payment rate. No matter what variety of gift annuity is best for you, you will receive income tax savings and payments for life. There are even capital gains benefits if you fund it by transferring stock or other appreciated assets to the Foundation. Contact us and learn how you can be one of those who has stability and predictability in a world that doesn’t always know what those terms mean.

Fort Hays State UniversityFort Hays State University

Fort Hays State University

Estate

Unitrust (CRUT) Our Organization

Income for Life

Cash Received

Making Certainty from Uncertainty

CHARITABLE REMAINDER UNITRUST

With a sale and unitrust, you sell part of your asset and transfer the remainder to the unitrust, which in turn pays you a dividend for life while leaving a gift to charity.

As the economy has churned and turned the last couple of years, the one thing almost all of us have wished for is more predictability and reliability. Fortunately, there is something we can do to manage our assets to gain greater control while also achieving some significant tax savings. The charitable remainder unitrust is the solution. When we create a unitrust, the ups and downs and ins and outs of the stock market don’t seem to matter as much anymore.

A skilled attorney working with your financial advisor can help you create a charitable remainder trust. Because it is formed according to your wishes and instructions, it works to fulfill your goals and directions (within certain constraints). When you create the unitrust, the trust absorbs market turbulence.

Fluctuations become less of an immediate concern.

While the details of the trust are left to the experts, the mechanics are fairly easy to understand. You transfer an asset (usually stock) to a trust. During the life of the trust it pays income to you or to those whom you designate. The trust lasts for a lifetime or for a term of years. At the end of that term, any assets left in the trust go to our organization. Because the remainder goes to a charitable organization, you receive an income tax deduction for a portion of the funding amount when you fund the trust.

When you transfer assets to the trust you avoid capital gains on the sale of your assets. You also establish the payment rate (within certain parameters), which is a percentage of the

trust’s assets each year. There are many variations on the unitrust, which allow you, for example, to establish a fixed payment rate, or to transfer assets, such as a farm, timber, or other real property, to the trust.

While we cannot draft the trust for you, we can work with you and help illustrate the many variations and benefits of a unitrust that would work for you. We can give your advisors a detailed illustration that will help them design a trust to achieve your goals. When you establish the trust, you will enjoy all the tax and income benefits that come with it. Each day you can live knowing that, no matter what else happens, your trust will always be a testament and reflection of your legacy and the difference you made today and forever. Call or click to learn more about charitable giving.

Visit FHSU Gift Planning On The Web To Learn More

PO Box 1060Hays, KS 67601foundation.fhsu.edu

I have received your newsletter on the benefits of creating a gift annuity and:

Name ___________________________________

Street ___________________________________

City_____________________________________

State / Zip________________________________

Home Phone______________________________

Work Phone ______________________________

E-mail___________________________________

(Please complete, cut out and return to the FHSU

Foundation at PO Box 1060, Hays, KS 67601.

All inquiries are treated with confidentiality.)

For More Information...

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I would like to speak with someone who can provide additional information.

I have included FHSU Foundation in my will, trust, life insurance, annuity or other estate planning.

Visit the Fort Hays State University Gift Planning website at fhsugift.org to learn more about creating a planned gift and how it can accomplish your financial and charitable interests. The website is a center for current information, testimonials and tutorials that can help you do some of your own initial research and planning.

Click on “Guide to Wills” and you will find several short videos that demonstrate the different considerations of a will, explained in understandable language. You will also find helpful tips on ways to leave gifts prudently through your will. There is even a gift planning calculator that can give you sample calculations of annuities and trusts, based on specific information that you enter.

Visit our website, and feel free to contact us with questions. Contact information can be found on the website and on the front of this newsletter.