Horizons Page 5
Faculty Retirements
A Charitable Gift Annuity is a great way to make a major gift to Bemidji State University and also get additional income and tax benefits for yourself and/or someone else. It’s a win-win for everyone!
Mr. John Smith - Age 79 Mrs. Jane Smith - Age 75
Faculty with over 380 years of teaching experience at Bemidji State University joined the ranks of the retired during the past year. The 13 faculty who closed out their careers at BSU included (name, title, first year at BSU):
Value $10,000 Cost 10,000 Gain $00
Lee Ahlbrecht, associate professor of physical education, 1968; Dr. Thomas Boates, professor of chemistry, 1966;
7.50% Annuity
Property
➞ Principal $10,000
1 Gift property to charity. Donor receives contract for annuity payments. Income tax deduction of $4,071 may save $1,140.
Dr. Paul Brandvik, professor of music, 1967; Dr. Kirt Dreyer, professor of chemistry, 1965;
Two Lives lives. Tax-free amount $405.75. Estimated payout in 14.6 years $10,950. Effective payout rate 10.2%.
Jay Johnson, assistant professor of industrial technology, 1967;
Dave Miller, professor of computer science, 1982; Elmer Nies, a reading specialist, 1969;
BSU $5,000 (Approximate Value)
2 Annuity of $750.00 for two
Dr. Art Gullette, professor of business administration, 1967;
Dr. Don Kraft, professor of biology, 1969;
➞
➞
Retirements
Close Out Teaching Careers
Charitable Gift Annuity
3 Annual payments for two lives. Property passes to charity with no probate fees. There are also no estate taxes, if married.
For more information on charitable gift annuities, please contact the BSU Foundation at 1-888-234-5718 (toll free) or 755-2876 (in the Bemidji area). This educational illustration is not professional or legal advice; consult a tax advisor about your specific situation.
BSU Foundation $10,000 Single Life Gift Annuity Dr. Spero T. Thomaidis, associate professor of history, 1965;
Age 60 65 70 75 80 85
Pat Trihey, professor of biology, 1965; Dr. Duane Sea, professor of physics, 1968; Mary Kay Smith, assistant professor and librarian, 1973; Additional staff and administrative retirements during the year included Dr. Judy McDonald, dean of the College of Arts and Letters; Al Evans, senior electronics technician; Dick Lueben, academic computing assistant; Del Wiebolt, electrician supervisor; and Kay McCune, administrative assistant to the president.
Guaranteed Annual Annuity Income Rate $670.00 6.7% $700.00 7.0% $750.00 7.5% $820.00 8.2% $920.00 9.2% $1,050.00 10.5%
Tax-Free Portion $278.72 $318.50 $377.25 $455.10 $559.36 $716.10
Charitable Deduction $3,395.00 $3,788.13 $4,153.08 $4,539.00 $4,965.00 $5,415.00
Effective Rate of Return* 8.6% 9.2% 10.1% 11.4% 13.2% 15.7%
BSU Foundation $10,000 Two-Life Charitable Gift Annuity Age One/Two Person 65/60 70/65 75/70 80/75
Guaranteed Annual Annuity Income Rate $640.00 6.4% $670.00 6.7% $700.00 7.0% $750.00 7.5%
Tax-Free Portion $264.32 $303.51 $349.30 $411.00
Charitable Deduction $2,845.00 $3,147.00 $3,611.00 $4,077.00
Effective Rate of Return* 8.1% 8.6% 9.3% 10.3%
This chart provides examples based on a $10,000 gift annuity, assuming a 28% effective tax rate. The same ratios apply to a gift of any size. *Effective rate of return is a calculation that combines the gift annuity rate with the impact of the charitable tax deduction.
sets the tone of the building. I want that to be positive and upbeat,” he said. Jim lives with his wife, Heidi, and their two daughters. Heidi is a teacher’s assistant at Sumner Elementary School in Austin … Tom Hein (’87) and Barb (Maroney) Hein (’87) live in Sauk Rapids with their two children. Tom is the visual communications technician for the St. Cloud School District and Barb is the direct mail coordinator for Bankers Systems Inc. in St. Cloud. She also hosts the company’s Compliance Basics Video Series … Jean Zielske Vroman (’85) manages a bar and grill in Faribault where she lives with her husband, Dave, and their 11-month-old son, Adam … Elizabeth Mulvihill (’88) teaches physical education at Olson Middle School in Minneapolis … Tracy (Ochsner) Treanor (’87) works as a training manager for Aetna U.S. Healthcare in Minneapolis. She was married in October … Melvina Thomsen (’89) is the new Teen Age Parent Progam/Infant Development coordinator for Kootasca Community Action. In the new position, Thomsen will work half-time with TAPP in collaboration with School District 318, funded through a grant from the Northland Foundation. The Infant Development Program is funded through the Department of Children, Families and Learning, to facilitate infant development programming for School Districts 317, 318 and 319 … Kevin McAlpin (’83) of Orangevale, CA, manages a company providing educational videos to schools across the U.S. and Canada. Since he started with the company, the business has grown into a multi-million dollar a
year operation, which has increased staffing from three to 26. Kevin made his first attempt at writing and directing a movie earlier this year and it is now being sold. He has been married for 11 years and has two daughters, ages 6 and 5 … Dave Looby (’83) is one of few people who can list Kermit the Frog as an employment reference. A dozen years before beginning his new position as president/ CEO of the North Hennepin Chamber of Commerce, Looby was spokesman for the world’s most famous amphibian. Following his 10-month stint as an administrative assistant on the traveling stage production of the Puppet Show, he worked for the Viking Council of the Boy Scouts of America for six years and in several other promotional and sales positions. He was hired to his new position with the Chamber in March … Roy C. Booth (’89) owns B&B Comics, Books & Games of Bemidji and recently had his 13th play published. His plays have been produced in over 180 cities world-wide and in such countries as Canada, the United Kingdom, France, Switzerland and Australia. A theater troupe in China plans to perform some of his plays in early 1999 … Glen Heppner (’84) lives in Ventura, CA, where he works as an actor. Projects include parts in several television shows and a movie to be released in theaters this fall. He is currently working on a new television series to air in September … Robbin Johnson (’84) of Walnut Creek, CA, is a sales specialist with GE Capital Fleet Services. The Walnut Creek office services the San Francisco Bay area. Robin is an avid runner and has completed four Twin Cities
marathons … Brent Harrison (’89) of Eugene, OR, has worked as a recreation and intramural director for the past five years in Oregon … Debra Baker (’85) recently reported for duty at National Naval Medical Center, Bethesda, MD. She joined the Navy in April … David Schnell (’83) is a Navy lieutenant commander. He recently helped the guided missile cruiser USS Vincennes win the Pacific Fleet’s 1997 Wellness Award (Green “H”). Schnell’s ship received the award for implementing health programs to improve the lifestyle and health of USS Anzio sailors. Two of the most visible and productive programs responsible for winning the award were the smoking cessation program and a healthy foods initiative. Based in Yokosuka, Japan, Schnell’s ship is one of the most powerful warships ever put to sea. Its crew recently participated in exercises with the Republic of Korea Forces, intended to improve operating procedures between the U.S. and Republic of Korea forces … Lisa (Schmutzer) Stichert (’86) works for ADP Dealer Services as manager of training for North America. She lives with her husband and two daughters in Island Lake, IL … Dianna Kaye DeGeest (’86) is pursuing an electrical construction degree to supplement her job experience and training gained with the Cass County Electric Cooperative in Fargo, ND. She worked on a database plant inventory project for the engineering department of the cooperative for six months and was then hired as an engineering assistant. Dianna’s prior experience includes six years in law enforcement and as a private investigator … Jim Minerich
(’87) was selected by his faculty colleagues as Pequot Lakes Schools teacher of the year in March. The Pequot fifth-grade teacher has brought science into the classroom with a handson style. Animal mounts, nature specimens and even live critters are used as learning devices. In recent years, Minerich has used computers and the Internet extensively in his teaching. He’s been awarded an Environmental Quality Award, serves as a member of the Minnesota Science Best Practice Program and on the science licensure panel for the Minnesota State Board of Teaching. He is currently serving on the Breezy Point City Council until the year 2000 and also served a term on the council from 1982 to 1986 … Mark Fodness (’82) has been honored as the Coleen Yatckoske Minnesota Middle Level Educator of
the Year. He teaches seventh grade social studies and history at Bemidji Middle School and was chosen from a field of 11 finalists by a selection committee during an interview in St. Cloud. The award is given annually to a teacher, counselor or administrator in a Minnesota organization that encompasses some combination of students in fifth through ninth grades. It is sponsored by the Minnesota Association of Middle Level Educators to recognize “outstanding middlelevel educators who inspire others through the dedication and commitment to a responsive learning environment” … Chuck Auger (’87), a Bemidji High School teacher, recently completed a three-day teacher education seminar titled “Lignite – Our Regional Resource: Energy, Economics and Environment”.
1970s
Jim Minerich
Gail (Christofferson) Martin (’71) teaches fourth grade in Hokah. She and her husband, John, live in LaCrescent … Dan Skaja (’71) is a principal with the Minneapolis School District. He’s been married for 26 years and has three grown children … Gary Mills (’74) has announced his candidacy for sheriff of Hubbard County in this fall’s election. Mills has been a fulltime police officer for 23 years and has worked for Hubbard County for 19 years, beginning in 1979 as a patrol officer. Soon after, he was promoted to his current position as criminal investigator … Jackie Witty (’73) of Mt. Iron is a physical education teacher and coach at Virginia (Continued on page 6)