Page 1

MEET THE STAFF END-OF-YEAR PLANNING CHECKLIST

COMPLIMENTARY GUIDE! When you’re reviewing your plans, we recommend that you seek the help of an estate planning attorney. Our complimentary guide, The Top 7 Questions to Ask Your Estate Planning Attorney, will help you collect your thoughts before you meet and make the most of your time together. Return the enclosed reply card or e-mail giftplanning@foundation.iastate.edu, to receive your copy.

T

his time of year, Iowa State students are deep into the first semester and acquiring all the knowledge needed for final exams in December. This is also the perfect time for you to gather all you need to make sure your estate plan is the best it can be. With this year’s challenges and accomplishments still fresh in your mind, now is a good time to review and update your plans. To help you in this process, we have constructed the following checklist of estate planning actions for you to go over as the end of the year rolls closer. ❑ Review your current will and trusts. These may need to be updated because of major changes in your life, such as births or deaths, retirement, a move to another state, etc. ❑ Take inventory and make a written record of the contents of any safe-deposit box. Give a copy to a trusted family member and note any items that you are holding for someone else that don’t belong to you.

>>

❑ Review the beneficiary designations for your life insurance and retirement plans to make sure your beneficiary isn’t someone who is now deceased or a former spouse. ❑ Make sure your durable power of attorney for health care and living will are current. ❑ Be sure you are comfortable with the guardian named in your will for those under your care, such as minor children or a loved one who is disabled. ❑ Finish charitable contributions by Dec. 31. As you think about special holiday gifts for family and friends, remember that making charitable gifts to organizations such as the ISU Foundation in their honor can be a heartwarming experience that also offers you tax benefits.

QUESTIONS If you’re still in the early stages of planning a gift, ask us for help. We can assist you in determining the best way to remember us this year or in your estate.

I f you have already included the ISU Foundation in your estate plans, please let us know using your reply card.

­ 2010 Iowa State University Foundation and The Stelter Company © The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results.

I O W A

Iowa State University Office of Gift Planning Lynda Jacobson

Gregg Hinders

Assistant Vice President of Development

Administrative Coordinator

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 offices for a number of years, including time as director of planned giving.

A graduate of Central College of 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 Teig Development Assistant

Paul Caspersen Executive Director of Development Paul came to the ISU Foundation in spring 2009 after serving as managing principal of the Ames office of TIAA-CREF. Paul has worked nearly 15 years in financial services with affluent households and is a Certified Financial Planning Practitioner™. He is a graduate of the University of Northern Iowa and has a masters degree from the College for Financial Planning in Denver, Colo.

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 at Marinette, Wis.; and as a claims examiner with The Principal Financial Group.

If you have questions about gift planning, we are here to help answer them. Contact us at 800.621.8515 today!

>>

  HOW TO REMEMBER IOWA STATE UNIVERSITY IN YOUR WILL

Share the following language 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.

Iowa State University Foundation 2505 University Boulevard P.O. Box 2230 Ames, Iowa 50010-2230 Toll-free: 800.621.8515 www.isugift.org

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.

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

NSIGHT I S A CHARITABLE PLANNING GUIDE FOR ISU ALUMNI AND FRIENDS FALL 2010

A LONG-STANDING PARTNERSHIP COUPLE HELPS STUDENTS AND HONORS FACULTY

F

or many years Betty Anderlik’s knowledge of Iowa State University came almost exclusively from her husband, the late Joseph Anderlik, a 1954 civil engineering graduate.

Although the couple lived in St. Paul, Minn., just a few hours from Ames, Betty’s only concept of campus was from Joe’s memories and photographs. “I wasn’t even on campus until about 10 years ago,” she says. Yet, when ISU asked for their assistance in creating engineering teaching and research laboratories in Town Engineering, it was Betty who said the couple should support the project. “Lowell Greimann (former chair of the civil, construction and environmental

“I believe one of the reasons to have money is to improve others’ lives. Education does that, and that’s why we’ve supported Iowa State University.” — Betty Anderlik engineering department) came to Joe’s office and asked him to help support the renovation of the lab,” Betty remembers. “Joe came home and told me about it, and I said we should do the whole thing.” Today, the Joseph A. and Elizabeth A. Anderlik Teaching Laboratory is used by more than 200 undergraduate and Continued on page 4

Discover the many ways you can help future ISU students:

www.foundation.iastate.edu/studentsupport

IN THIS ISSUE •H  ow to Create a Trust In Your Will • Interested  in a Trust? Consider All Your Options •E  nd-of-Year Planning Checklist • Meet the Staff

1


HOW TO CREATE A TRUST IN YOUR WILL

A GIFT IMPACT

HOOVER HALL Assets from the Robert J. and Margaret S. Stotz Engineering Fund, a testamentary trust established on their behalf, were used during the construction of Hoover Hall. The engineering computer support service area is named in their honor. In addition to this use, the Stotz Engineering Fund created undergraduate merit scholarships in the College of Engineering. Robert Stotz was a 1940 Iowa State University mechanical engineering

t Iowa State, we help students prepare for the future by offering an environment where they can enjoy reaching their potential and discovering their passions. You can help prepare for the future of your loved ones and ISU by creating a trust in your will, known as a testamentary trust.

charitable trust to ensure that the surviving spouse continues to enjoy the income from an asset that will someday go to the Iowa State University Foundation. Or, parents may want to provide lifetime income for their children with an asset but also want Iowa State to receive a substantial gift thereafter.

HOW DO I FUND THE TRUST? A testamentary trust does not take effect until after your lifetime. You can keep all your assets in your name as long as you live, and then later, your trust is funded by the terms of your will. And because you can change your will at any time, you can also change the terms of the trust as they are outlined in your will.

IN WHAT SITUATIONS IS A TESTAMENTARY TRUST HELPFUL? One spouse might consider establishing a testamentary

The trust can be funded with the residue of your estate, a percentage of the residue, specific property or a fixed dollar amount. Your attorney can draft the provisions in your will following your instructions.

WHAT’S THE FIRST STEP I SHOULD TAKE ONCE I’VE DECIDED TO ESTABLISH A TRUST? Meet with your estate planning attorney who will help set up a trust that meets your family’s circumstances and will ultimately help us continue to provide a quality education to Iowa State students.

INTERESTED IN A TRUST? CONSIDER ALL YOUR OPTIONS

A

trust is an excellent solution to many potential estate problems. A trust may prove the best option if a beneficiary is unable to handle the responsibility of an outright gift, you want to place restrictions on property ownership, or you want to protect assets from creditors and predators.

TESTAMENTARY TRUST A testamentary trust is specified in an individual’s will and ultimately distributes the estate accumulated during that individual’s lifetime.

t, larg or sm e al stude l, helps th e nts, f ac and s taff o ulty fI State Univ owa ersity .

OUR MISSION Iowa State University works to create, share and apply knowledge to make Iowa and

TRUST TYPE CHARITABLE TRUST

TRUST DESCRIPTION • Lifetime benefits for you or others • Beneficial in transferring property to a charity such as our foundation

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

REVOCABLE LIVING TRUST

• Allows you to control your finances • May designate a “backup” trustee if you become disabled

Iowa State University. Each year, thousands of generous benefactors make gifts to show their

QTIP TRUST

graduate. We would be glad to arrange a confidential, no-obligation discussion about ways to remember Iowa State in your will. Just give us a call at 800.621.8515.

Trusts can be designed to fit almost any set of circumstances, assuring flexibility, reliability and confidentiality based on your goals. Whether you want to use your trust to support Iowa State or to help provide for a family member, there is probably a trust for you — following are five popular options.

THAN K YO U FOR Y SUPP OUR ORT! Your gif

TRUST FOR MINOR CHILDREN

SPECIAL NEEDS TRUST

• If married with children from a previous marriage, provides for your spouse at your death and then for your children at your spouse’s death • Can distribute income to your children at ages you select • Can provide for a grandchild’s education • Provides for a disabled child’s needs yet preserves his or her government entitlements

support for Iowa State.

A LONG-STANDING PARTNERSHIP COUPLE HELPS STUDENTS AND HONORS FACULTY Continued from page 1 graduate students each year. The facility also marked the beginning of a longstanding philanthropic partnership between Iowa State and the Anderliks, which has since included undergraduate scholarships, an endowed equipment fund and teaching awards.

ATTRACTING TOP FACULTY That partnership has continued even beyond Joe’s death in 2005 with Betty’s recent commitment through current and deferred giving totaling $2.7 million to establish the Joseph and Elizabeth Anderlik Professorship in Engineering. Joe served as the vice president of engineering for Bonestroo Rosene Anderlik and Associates in the Twin Cities. The company was a full-service engineering, planning and environmental science firm serving the municipal, agency, private, energy and industrial markets. Betty had originally created the professorship through a pledge while providing funding on an annual basis to allow the professorship to start right away. She has also made a deferred commitment to the named faculty position, which will ultimately elevate it to chair status.

College of Engineering Dean Jonathan Wickert says such gifts are invaluable to the college in their effort to retain and recruit top faculty. The college awarded the position to Judy Vance, professor of mechanical engineering. “The Anderlik Professorship is a wonderful opportunity to recognize an outstanding faculty member in Dr. Judy Vance,” he says. “Named faculty positions such as the Anderlik Professorship enable the college to support the teaching and research of world-class faculty.”

THE IMPORTANCE OF EDUCATION “We have supported a variety of projects over the years, and I have continued that support,” Betty says. “Giving back to Iowa State was very important to Joe because he believed education was important. “I believe one of the reasons to have money is to improve others’ lives. Education does that, and that’s why we’ve supported Iowa State University.”

Named faculty positions such as the Anderlik Professorship enable the college to support the teaching and research of world-class faculty. — Jonathan Wickert, college of engineering dean

rlik h Ande lizabet ineering E d n a in Eng oseph ance, J rofessorship P Judy V

When you plan a gift to ISU, you ensure that future students receive the quality education they deserve.

YOU, TOO, CAN MAKE AN IMPACT Visit www.isugift.org to learn about the many ways you can make a lasting difference at Iowa State.


HOW TO CREATE A TRUST IN YOUR WILL

A GIFT IMPACT

HOOVER HALL Assets from the Robert J. and Margaret S. Stotz Engineering Fund, a testamentary trust established on their behalf, were used during the construction of Hoover Hall. The engineering computer support service area is named in their honor. In addition to this use, the Stotz Engineering Fund created undergraduate merit scholarships in the College of Engineering. Robert Stotz was a 1940 Iowa State University mechanical engineering

t Iowa State, we help students prepare for the future by offering an environment where they can enjoy reaching their potential and discovering their passions. You can help prepare for the future of your loved ones and ISU by creating a trust in your will, known as a testamentary trust.

charitable trust to ensure that the surviving spouse continues to enjoy the income from an asset that will someday go to the Iowa State University Foundation. Or, parents may want to provide lifetime income for their children with an asset but also want Iowa State to receive a substantial gift thereafter.

HOW DO I FUND THE TRUST? A testamentary trust does not take effect until after your lifetime. You can keep all your assets in your name as long as you live, and then later, your trust is funded by the terms of your will. And because you can change your will at any time, you can also change the terms of the trust as they are outlined in your will.

IN WHAT SITUATIONS IS A TESTAMENTARY TRUST HELPFUL? One spouse might consider establishing a testamentary

The trust can be funded with the residue of your estate, a percentage of the residue, specific property or a fixed dollar amount. Your attorney can draft the provisions in your will following your instructions.

WHAT’S THE FIRST STEP I SHOULD TAKE ONCE I’VE DECIDED TO ESTABLISH A TRUST? Meet with your estate planning attorney who will help set up a trust that meets your family’s circumstances and will ultimately help us continue to provide a quality education to Iowa State students.

INTERESTED IN A TRUST? CONSIDER ALL YOUR OPTIONS

A

trust is an excellent solution to many potential estate problems. A trust may prove the best option if a beneficiary is unable to handle the responsibility of an outright gift, you want to place restrictions on property ownership, or you want to protect assets from creditors and predators.

TESTAMENTARY TRUST A testamentary trust is specified in an individual’s will and ultimately distributes the estate accumulated during that individual’s lifetime.

t, larg or sm e al stude l, helps th e nts, f ac and s taff o ulty fI State Univ owa ersity .

OUR MISSION Iowa State University works to create, share and apply knowledge to make Iowa and

TRUST TYPE CHARITABLE TRUST

TRUST DESCRIPTION • Lifetime benefits for you or others • Beneficial in transferring property to a charity such as our foundation

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

REVOCABLE LIVING TRUST

• Allows you to control your finances • May designate a “backup” trustee if you become disabled

Iowa State University. Each year, thousands of generous benefactors make gifts to show their

QTIP TRUST

graduate. We would be glad to arrange a confidential, no-obligation discussion about ways to remember Iowa State in your will. Just give us a call at 800.621.8515.

Trusts can be designed to fit almost any set of circumstances, assuring flexibility, reliability and confidentiality based on your goals. Whether you want to use your trust to support Iowa State or to help provide for a family member, there is probably a trust for you — following are five popular options.

THAN K YO U FOR Y SUPP OUR ORT! Your gif

TRUST FOR MINOR CHILDREN

SPECIAL NEEDS TRUST

• If married with children from a previous marriage, provides for your spouse at your death and then for your children at your spouse’s death • Can distribute income to your children at ages you select • Can provide for a grandchild’s education • Provides for a disabled child’s needs yet preserves his or her government entitlements

support for Iowa State.

A LONG-STANDING PARTNERSHIP COUPLE HELPS STUDENTS AND HONORS FACULTY Continued from page 1 graduate students each year. The facility also marked the beginning of a longstanding philanthropic partnership between Iowa State and the Anderliks, which has since included undergraduate scholarships, an endowed equipment fund and teaching awards.

ATTRACTING TOP FACULTY That partnership has continued even beyond Joe’s death in 2005 with Betty’s recent commitment through current and deferred giving totaling $2.7 million to establish the Joseph and Elizabeth Anderlik Professorship in Engineering. Joe served as the vice president of engineering for Bonestroo Rosene Anderlik and Associates in the Twin Cities. The company was a full-service engineering, planning and environmental science firm serving the municipal, agency, private, energy and industrial markets. Betty had originally created the professorship through a pledge while providing funding on an annual basis to allow the professorship to start right away. She has also made a deferred commitment to the named faculty position, which will ultimately elevate it to chair status.

College of Engineering Dean Jonathan Wickert says such gifts are invaluable to the college in their effort to retain and recruit top faculty. The college awarded the position to Judy Vance, professor of mechanical engineering. “The Anderlik Professorship is a wonderful opportunity to recognize an outstanding faculty member in Dr. Judy Vance,” he says. “Named faculty positions such as the Anderlik Professorship enable the college to support the teaching and research of world-class faculty.”

THE IMPORTANCE OF EDUCATION “We have supported a variety of projects over the years, and I have continued that support,” Betty says. “Giving back to Iowa State was very important to Joe because he believed education was important. “I believe one of the reasons to have money is to improve others’ lives. Education does that, and that’s why we’ve supported Iowa State University.”

Named faculty positions such as the Anderlik Professorship enable the college to support the teaching and research of world-class faculty. — Jonathan Wickert, college of engineering dean

rlik h Ande lizabet ineering E d n a in Eng oseph ance, J rofessorship P Judy V

When you plan a gift to ISU, you ensure that future students receive the quality education they deserve.

YOU, TOO, CAN MAKE AN IMPACT Visit www.isugift.org to learn about the many ways you can make a lasting difference at Iowa State.


HOW TO CREATE A TRUST IN YOUR WILL

A GIFT IMPACT

HOOVER HALL Assets from the Robert J. and Margaret S. Stotz Engineering Fund, a testamentary trust established on their behalf, were used during the construction of Hoover Hall. The engineering computer support service area is named in their honor. In addition to this use, the Stotz Engineering Fund created undergraduate merit scholarships in the College of Engineering. Robert Stotz was a 1940 Iowa State University mechanical engineering

t Iowa State, we help students prepare for the future by offering an environment where they can enjoy reaching their potential and discovering their passions. You can help prepare for the future of your loved ones and ISU by creating a trust in your will, known as a testamentary trust.

charitable trust to ensure that the surviving spouse continues to enjoy the income from an asset that will someday go to the Iowa State University Foundation. Or, parents may want to provide lifetime income for their children with an asset but also want Iowa State to receive a substantial gift thereafter.

HOW DO I FUND THE TRUST? A testamentary trust does not take effect until after your lifetime. You can keep all your assets in your name as long as you live, and then later, your trust is funded by the terms of your will. And because you can change your will at any time, you can also change the terms of the trust as they are outlined in your will.

IN WHAT SITUATIONS IS A TESTAMENTARY TRUST HELPFUL? One spouse might consider establishing a testamentary

The trust can be funded with the residue of your estate, a percentage of the residue, specific property or a fixed dollar amount. Your attorney can draft the provisions in your will following your instructions.

WHAT’S THE FIRST STEP I SHOULD TAKE ONCE I’VE DECIDED TO ESTABLISH A TRUST? Meet with your estate planning attorney who will help set up a trust that meets your family’s circumstances and will ultimately help us continue to provide a quality education to Iowa State students.

INTERESTED IN A TRUST? CONSIDER ALL YOUR OPTIONS

A

trust is an excellent solution to many potential estate problems. A trust may prove the best option if a beneficiary is unable to handle the responsibility of an outright gift, you want to place restrictions on property ownership, or you want to protect assets from creditors and predators.

TESTAMENTARY TRUST A testamentary trust is specified in an individual’s will and ultimately distributes the estate accumulated during that individual’s lifetime.

t, larg or sm e al stude l, helps th e nts, f ac and s taff o ulty fI State Univ owa ersity .

OUR MISSION Iowa State University works to create, share and apply knowledge to make Iowa and

TRUST TYPE CHARITABLE TRUST

TRUST DESCRIPTION • Lifetime benefits for you or others • Beneficial in transferring property to a charity such as our foundation

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

REVOCABLE LIVING TRUST

• Allows you to control your finances • May designate a “backup” trustee if you become disabled

Iowa State University. Each year, thousands of generous benefactors make gifts to show their

QTIP TRUST

graduate. We would be glad to arrange a confidential, no-obligation discussion about ways to remember Iowa State in your will. Just give us a call at 800.621.8515.

Trusts can be designed to fit almost any set of circumstances, assuring flexibility, reliability and confidentiality based on your goals. Whether you want to use your trust to support Iowa State or to help provide for a family member, there is probably a trust for you — following are five popular options.

THAN K YO U FOR Y SUPP OUR ORT! Your gif

TRUST FOR MINOR CHILDREN

SPECIAL NEEDS TRUST

• If married with children from a previous marriage, provides for your spouse at your death and then for your children at your spouse’s death • Can distribute income to your children at ages you select • Can provide for a grandchild’s education • Provides for a disabled child’s needs yet preserves his or her government entitlements

support for Iowa State.

A LONG-STANDING PARTNERSHIP COUPLE HELPS STUDENTS AND HONORS FACULTY Continued from page 1 graduate students each year. The facility also marked the beginning of a longstanding philanthropic partnership between Iowa State and the Anderliks, which has since included undergraduate scholarships, an endowed equipment fund and teaching awards.

ATTRACTING TOP FACULTY That partnership has continued even beyond Joe’s death in 2005 with Betty’s recent commitment through current and deferred giving totaling $2.7 million to establish the Joseph and Elizabeth Anderlik Professorship in Engineering. Joe served as the vice president of engineering for Bonestroo Rosene Anderlik and Associates in the Twin Cities. The company was a full-service engineering, planning and environmental science firm serving the municipal, agency, private, energy and industrial markets. Betty had originally created the professorship through a pledge while providing funding on an annual basis to allow the professorship to start right away. She has also made a deferred commitment to the named faculty position, which will ultimately elevate it to chair status.

College of Engineering Dean Jonathan Wickert says such gifts are invaluable to the college in their effort to retain and recruit top faculty. The college awarded the position to Judy Vance, professor of mechanical engineering. “The Anderlik Professorship is a wonderful opportunity to recognize an outstanding faculty member in Dr. Judy Vance,” he says. “Named faculty positions such as the Anderlik Professorship enable the college to support the teaching and research of world-class faculty.”

THE IMPORTANCE OF EDUCATION “We have supported a variety of projects over the years, and I have continued that support,” Betty says. “Giving back to Iowa State was very important to Joe because he believed education was important. “I believe one of the reasons to have money is to improve others’ lives. Education does that, and that’s why we’ve supported Iowa State University.”

Named faculty positions such as the Anderlik Professorship enable the college to support the teaching and research of world-class faculty. — Jonathan Wickert, college of engineering dean

rlik h Ande lizabet ineering E d n a in Eng oseph ance, J rofessorship P Judy V

When you plan a gift to ISU, you ensure that future students receive the quality education they deserve.

YOU, TOO, CAN MAKE AN IMPACT Visit www.isugift.org to learn about the many ways you can make a lasting difference at Iowa State.


MEET THE STAFF END-OF-YEAR PLANNING CHECKLIST

COMPLIMENTARY GUIDE! When you’re reviewing your plans, we recommend that you seek the help of an estate planning attorney. Our complimentary guide, The Top 7 Questions to Ask Your Estate Planning Attorney, will help you collect your thoughts before you meet and make the most of your time together. Return the enclosed reply card or e-mail giftplanning@foundation.iastate.edu, to receive your copy.

T

his time of year, Iowa State students are deep into the first semester and acquiring all the knowledge needed for final exams in December. This is also the perfect time for you to gather all you need to make sure your estate plan is the best it can be. With this year’s challenges and accomplishments still fresh in your mind, now is a good time to review and update your plans. To help you in this process, we have constructed the following checklist of estate planning actions for you to go over as the end of the year rolls closer. ❑ Review your current will and trusts. These may need to be updated because of major changes in your life, such as births or deaths, retirement, a move to another state, etc. ❑ Take inventory and make a written record of the contents of any safe-deposit box. Give a copy to a trusted family member and note any items that you are holding for someone else that don’t belong to you.

>>

❑ Review the beneficiary designations for your life insurance and retirement plans to make sure your beneficiary isn’t someone who is now deceased or a former spouse. ❑ Make sure your durable power of attorney for health care and living will are current. ❑ Be sure you are comfortable with the guardian named in your will for those under your care, such as minor children or a loved one who is disabled. ❑ Finish charitable contributions by Dec. 31. As you think about special holiday gifts for family and friends, remember that making charitable gifts to organizations such as the ISU Foundation in their honor can be a heartwarming experience that also offers you tax benefits.

QUESTIONS If you’re still in the early stages of planning a gift, ask us for help. We can assist you in determining the best way to remember us this year or in your estate.

I f you have already included the ISU Foundation in your estate plans, please let us know using your reply card.

­ 2010 Iowa State University Foundation and The Stelter Company © The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results.

I O W A

Iowa State University Office of Gift Planning Lynda Jacobson

Gregg Hinders

Assistant Vice President of Development

Administrative Coordinator

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 offices for a number of years, including time as director of planned giving.

A graduate of Central College of 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 Teig Development Assistant

Paul Caspersen Executive Director of Development Paul came to the ISU Foundation in spring 2009 after serving as managing principal of the Ames office of TIAA-CREF. Paul has worked nearly 15 years in financial services with affluent households and is a Certified Financial Planning Practitioner™. He is a graduate of the University of Northern Iowa and has a masters degree from the College for Financial Planning in Denver, Colo.

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 at Marinette, Wis.; and as a claims examiner with The Principal Financial Group.

If you have questions about gift planning, we are here to help answer them. Contact us at 800.621.8515 today!

>>

  HOW TO REMEMBER IOWA STATE UNIVERSITY IN YOUR WILL

Share the following language 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.

Iowa State University Foundation 2505 University Boulevard P.O. Box 2230 Ames, Iowa 50010-2230 Toll-free: 800.621.8515 www.isugift.org

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.

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

NSIGHT I S A CHARITABLE PLANNING GUIDE FOR ISU ALUMNI AND FRIENDS FALL 2010

A LONG-STANDING PARTNERSHIP COUPLE HELPS STUDENTS AND HONORS FACULTY

F

or many years Betty Anderlik’s knowledge of Iowa State University came almost exclusively from her husband, the late Joseph Anderlik, a 1954 civil engineering graduate.

Although the couple lived in St. Paul, Minn., just a few hours from Ames, Betty’s only concept of campus was from Joe’s memories and photographs. “I wasn’t even on campus until about 10 years ago,” she says. Yet, when ISU asked for their assistance in creating engineering teaching and research laboratories in Town Engineering, it was Betty who said the couple should support the project. “Lowell Greimann (former chair of the civil, construction and environmental

“I believe one of the reasons to have money is to improve others’ lives. Education does that, and that’s why we’ve supported Iowa State University.” — Betty Anderlik engineering department) came to Joe’s office and asked him to help support the renovation of the lab,” Betty remembers. “Joe came home and told me about it, and I said we should do the whole thing.” Today, the Joseph A. and Elizabeth A. Anderlik Teaching Laboratory is used by more than 200 undergraduate and Continued on page 4

Discover the many ways you can help future ISU students:

www.foundation.iastate.edu/studentsupport

IN THIS ISSUE •H  ow to Create a Trust In Your Will • Interested  in a Trust? Consider All Your Options •E  nd-of-Year Planning Checklist • Meet the Staff

1


MEET THE STAFF END-OF-YEAR PLANNING CHECKLIST

COMPLIMENTARY GUIDE! When you’re reviewing your plans, we recommend that you seek the help of an estate planning attorney. Our complimentary guide, The Top 7 Questions to Ask Your Estate Planning Attorney, will help you collect your thoughts before you meet and make the most of your time together. Return the enclosed reply card or e-mail giftplanning@foundation.iastate.edu, to receive your copy.

T

his time of year, Iowa State students are deep into the first semester and acquiring all the knowledge needed for final exams in December. This is also the perfect time for you to gather all you need to make sure your estate plan is the best it can be. With this year’s challenges and accomplishments still fresh in your mind, now is a good time to review and update your plans. To help you in this process, we have constructed the following checklist of estate planning actions for you to go over as the end of the year rolls closer. ❑ Review your current will and trusts. These may need to be updated because of major changes in your life, such as births or deaths, retirement, a move to another state, etc. ❑ Take inventory and make a written record of the contents of any safe-deposit box. Give a copy to a trusted family member and note any items that you are holding for someone else that don’t belong to you.

>>

❑ Review the beneficiary designations for your life insurance and retirement plans to make sure your beneficiary isn’t someone who is now deceased or a former spouse. ❑ Make sure your durable power of attorney for health care and living will are current. ❑ Be sure you are comfortable with the guardian named in your will for those under your care, such as minor children or a loved one who is disabled. ❑ Finish charitable contributions by Dec. 31. As you think about special holiday gifts for family and friends, remember that making charitable gifts to organizations such as the ISU Foundation in their honor can be a heartwarming experience that also offers you tax benefits.

QUESTIONS If you’re still in the early stages of planning a gift, ask us for help. We can assist you in determining the best way to remember us this year or in your estate.

I f you have already included the ISU Foundation in your estate plans, please let us know using your reply card.

­ 2010 Iowa State University Foundation and The Stelter Company © The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results.

I O W A

Iowa State University Office of Gift Planning Lynda Jacobson

Gregg Hinders

Assistant Vice President of Development

Administrative Coordinator

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 offices for a number of years, including time as director of planned giving.

A graduate of Central College of 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 Teig Development Assistant

Paul Caspersen Executive Director of Development Paul came to the ISU Foundation in spring 2009 after serving as managing principal of the Ames office of TIAA-CREF. Paul has worked nearly 15 years in financial services with affluent households and is a Certified Financial Planning Practitioner™. He is a graduate of the University of Northern Iowa and has a masters degree from the College for Financial Planning in Denver, Colo.

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 at Marinette, Wis.; and as a claims examiner with The Principal Financial Group.

If you have questions about gift planning, we are here to help answer them. Contact us at 800.621.8515 today!

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  HOW TO REMEMBER IOWA STATE UNIVERSITY IN YOUR WILL

Share the following language 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.

Iowa State University Foundation 2505 University Boulevard P.O. Box 2230 Ames, Iowa 50010-2230 Toll-free: 800.621.8515 www.isugift.org

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.

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

NSIGHT I S A CHARITABLE PLANNING GUIDE FOR ISU ALUMNI AND FRIENDS FALL 2010

A LONG-STANDING PARTNERSHIP COUPLE HELPS STUDENTS AND HONORS FACULTY

F

or many years Betty Anderlik’s knowledge of Iowa State University came almost exclusively from her husband, the late Joseph Anderlik, a 1954 civil engineering graduate.

Although the couple lived in St. Paul, Minn., just a few hours from Ames, Betty’s only concept of campus was from Joe’s memories and photographs. “I wasn’t even on campus until about 10 years ago,” she says. Yet, when ISU asked for their assistance in creating engineering teaching and research laboratories in Town Engineering, it was Betty who said the couple should support the project. “Lowell Greimann (former chair of the civil, construction and environmental

“I believe one of the reasons to have money is to improve others’ lives. Education does that, and that’s why we’ve supported Iowa State University.” — Betty Anderlik engineering department) came to Joe’s office and asked him to help support the renovation of the lab,” Betty remembers. “Joe came home and told me about it, and I said we should do the whole thing.” Today, the Joseph A. and Elizabeth A. Anderlik Teaching Laboratory is used by more than 200 undergraduate and Continued on page 4

Discover the many ways you can help future ISU students:

www.foundation.iastate.edu/studentsupport

IN THIS ISSUE •H  ow to Create a Trust In Your Will • Interested  in a Trust? Consider All Your Options •E  nd-of-Year Planning Checklist • Meet the Staff

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http://www.foundation.iastate.edu/docs/insights/fall10  

http://www.foundation.iastate.edu/docs/insights/fall10.pdf

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