final totals for CAMPAIGN IOWA STATE
DO YOU WANT TO HELP Iowa state STUDENTS, But Can’t Right Now?
C
onsider including a gift to the ISU Foundation in your will or living trust. Called a charitable bequest, this type of gift works well for people who wish to support Iowa State at a greater level but find they cannot do so. Plus, it has these benefits:
Call the ISU Foundation at 800.621.8515 today to learn more about including us in your will or trust.
I O W A
>> S TUDENT SUPPORT
• Tax relief. When you make a gift to the ISU Foundation — a qualified charitable organization — in your will or trust, your estate is entitled to an estate tax charitable deduction for the gift’s full value.
An additional 813 scholarships for Iowa State undergraduate and graduate students were established during Campaign Iowa State.
Facilities $139 million Programs $284 million
>> F ACULTY SUPPORT
You can establish an endowment now with an outright gift and add to it each year, or you can arrange future funding with a bequest or life income plan.
Students $262 million
>> P ROGRAM SUPPORT
Retirement plan assets. Because retirement plan
cases nearly 60 percent—consider naming us as the
Fund Your Endowment Now
Cash. The simplest way to make your gift is to
write a check. By doing this you may be entitled
beneficiary of the plan. Note: The tax rules regarding
retirement plans can be complex, so consult your tax advisor before making this type of gift.
to an income tax deduction.
Life income gifts. Some gift arrangements, such as
Appreciated assets. If you make an outright
WE’VE GOT THE PERFECT PRESENT!
Fund Your Endowment in the Future
assets may be taxed heavily after your death—in some
a charitable gift annuity and a charitable remainder trust,
gift of an appreciated asset that you’ve owned longer
will pay income to you and/or another beneficiary typically
than one year, you may be entitled to an income
for life. Thereafter, the assets can be distributed to your
tax deduction for the full fair market value of the
endowed fund.
rs directed to millions of dolla k Nationwide, sitting idle in ban owments are permanent end funds can’t be ? Because the accounts. Why now which has original purpose, used for their encourage . This is why we become obsolete our nt that allows eme stat a de you to inclu to another s fund e ute thes board to redistrib olete. t becomes obs inten inal orig the area if your attorney with you and your We can provide uage. appropriate lang
asset, while eliminating the capital gains tax on the asset’s appreciation.
5 Bequests. You may decide that the best way to
reply card and we’ll send you a copy.
make a lasting difference is to remember us in your will or living trust. Your bequest can be a specific amount or a percentage of your residuary estate.
Getting Started We will be pleased to help you create an endowment
l or Trust il W r u o Y in t A Gif u If: Is Right for Yo
and achieve timeless recognition for yourself or a loved one. Just arrange a meeting with our representative— without obligation.
E printed on recycled paper 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 estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
7
s about the guide decision to ity un rt po you e op s and the legacy You want th on si es ss po ur p of yo future ownershi eate one. leave behind. are ready to cr or t us tr g in liv will or a State is still You have a support of Iow ur yo re su e ak m You want to your lifetime. te available af r to us with an your generosity e nc la ba to t first. You wan e taken care of ar es on d ve lo ge your mind assurance that xibility to chan fle e th n ai nt ai m You want to at any time. gi about your ft INB25-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 2011
Since Campaign Iowa State commenced, 85 endowed faculty positions have been created.
Why Leaving a Percentage Sixty thousand alumni and friends contributed $200 million for Makes Sense educational programs. • Simplicity. Just a few sentences When planning a future gift, it’s in your will or trust are all that Total: $867 million Faculty >> FACILITIES SUPPORT sometimes difficult to determine is needed. You can find sample $182 million Two dozen campus facilities have been constructed or language to share with your attorney an amount that will make sense. renovated during Campaign Iowa State. Emergencies happen, and you need to on the bottom of the back cover. Totals gifts and commitments from July 1, 2008, to June 30, 2011 make sure your family is financially taken • Flexibility. Because your gift is care of first. Including a bequest as a made to Iowa State only upon your percentage of your estate or a percentage passing, you can change your mind Waysof to your Make residual Your Giftestate ensures that your THE BEST PRESENT FOR at any time. ANYONE ON YOUR LIST ety Saf e lud gift will remain proportionate to yourDon’t Forge!get to Inc • Versatility. You can structure the gua Lan 3 estate size, no matter how its value bequest to leave a specific item or 1 fluctuates over the years. amount of money, make the gift Looking for the perfect holiday gift for a loved one? Consider making a lasting contingent on certain events, or 4 2 gift to Iowa State in his or her honor. Learn more in our COMPLIMENTARY leave a percentage of your estate guide, The Best Present for Anyone on Your List. Simply return the enclosed to the ISU Foundation.
5
S T A T E
Iowa State UnIverSIty FoUndatIon 2505 UnIverSIty BoUlevard P.o. Box 2230 ameS, Iowa 50010-2230 Toll-Free: 800.621.8515 www.isugift.org
>> 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.
A CHANGE IN PLANS
A
llen Housh was prepared to spend his life as a high school agricultural vocational teacher. It was natural for him to prepare for a career in agriculture. The Garner, Iowa, native had been around the livestock business his entire life, and he went to Iowa State specifically to major in agricultural education. “I wanted to be able to get a job out of school and thought I would wind up teaching,” says Allen, a 1957 Iowa State graduate and current Edina, Minn., resident. The plan was on track during his senior year. He had interviewed with a couple of schools when he went to a career fair. A position with Cargill intrigued him but it was too late to sign up for a campus interview. But
“ Agricultural education gave me a good foundation for my career.” — Allen Housh Allen’s career path was significantly altered when a college friend gave up his interview slot. “After that interview with Cargill, I was invited up to Minneapolis, and the rest, as they say, is history,” Allen says. “I spent 36 years with Cargill, so I guess it really worked out well.” Allen’s career at Cargill took him from Fort Dodge to Des Moines, Memphis, and finally Minneapolis where he retired as a corporate vice president for transportation. There he Continued on page 4
Visit www.isugift.org to meet other donors and learn why they believe it is important to invest in the future of Iowa State University.
Jean and All en Housh
IN THIS ISSUE •D iscover the best thing about the holidays •F ive ways to make a difference in 2011 •D on’t miss out on this special IRA opportunity •H ow to offer support when finances are tight •C ampaign Iowa State final report
1
The Best Thing About the Holidays? The Joy of Helping Others
F
ew pleasures in life offer more personal satisfaction or endure longer than helping others live better lives. As you think about holiday gifts for family and friends, remember that making year-end charitable gifts can be one of your most heartwarming experiences.
Receive Tax Benefits In addition to the immense personal satisfaction you gain from knowing that your gifts help students and programs at ISU, you may also receive tax benefits. Depending on the gift arrangements you choose, you can reduce your income and future estate taxes; increase your spendable income; eliminate capital gains tax; and attain no-cost, worry-free asset management.
Timing Is Everything Make your gifts to the ISU Foundation by Dec. 31 and you will see a tax break for this year when you itemize deductions on your federal income tax return. To better help you plan, following is a breakdown of when your gift is considered complete.
5 Ways to Make a Difference in 2011 Give cash. Cash is an easy way to give each year and can be used to prepay a pledge. To document a cash gift of any amount, you must have a dated receipt from us. A cancelled check provides sufficient documentation only for gifts by check if they are less than $250.
1
• Cash contributions sent through the mail are usually deductible if they are postmarked on Dec. 31. • Securities are generally deductible on the date they are transferred (if done electronically) to our books — not the date you ask your broker to make the transfer. • Real estate gifts, in most states, are considered complete on the date a properly executed deed is delivered to us. • Tangible personal property gifts are complete once the property is delivered to us. • Life insurance gifts are considered complete on the date you sign the paperwork transferring ownership to the ISU Foundation, assuming you properly forward the form on to the insurance 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 estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
4
SCHOLARSHIP STICKS TO ROOTS
5
3
Contact us at 800.621.8515 for helpful tips on making the most of your generosity this holiday season.
We Can Help Contact us at 800.621.8515 for more information about the many ways you can make a difference with a gift to ISU this year.
Special Opportunity for Your IRA Ends Dec. 31
I
f you’re 70½ or older, your chance to make tax-free charitable gifts from your IRA for 2011 ends Dec. 31. You can transfer up to $100,000 directly from your IRA to a qualified charity like the ISU Foundation.
©2011 I owa State University Foundation and The Stelter Company
Continued from page 1 was directly responsible for Cargill’s barge business. Prior to moving into the transportation department, Allen was a commodity trader for Cargill where he traded soybeans, oil seeds, and sunflower seeds. It was a long way from a high school classroom, but it was a career in which Allen thrived. “I enjoyed trading,” he says. “It really gets under your skin.”
that you’ve owned longer than a year to fund the gift, you will be entitled to an income tax deduction based, in part, on the charitable portion of the securities’ full value, in addition to eliminating up-front capital gains taxes.
Give real estate, artwork, Give appreciated stock or other or other tangible personal property. When you give stock property. Give property that would have or property to the Iowa State University resulted in the greatest capital gain if Foundation, we sell it, allowing you to eliminate you had sold the asset instead. all the capital gains tax you would have paid Donate an insurance policy. had you sold it. Your gift will be deductible at A gift of a life insurance policy its full fair market value on its date of delivery you no longer need makes a perfect if you have held it for more than one year. year-end gift. To qualify as a deductible Invest in a life income plan. A life gift, the ISU Foundation must become income gift, such as a charitable the policy owner. For most types of gift annuity or charitable remainder trust, insurance policies, your tax deduction provides you with payments for the rest is usually the cost basis or the fair of your life and Iowa State with support market value of the policy — whichever thereafter. If you use appreciated securities is less.
2
A CHANGE IN PLANS
How This Benefits You • The transfer generates neither taxable income nor a tax deduction, so you don’t have to itemize to take advantage of this opportunity.
• The transfer may count against your unsatisfied required minimum distribution from your IRA. • You can see firsthand the difference your philanthropic dollars make to our students, faculty, and staff. Note: The legislation does not permit direct transfers to charitable trusts, donor advised funds, charitable gift annuities, or supporting organizations.
In addition, this opportunity applies only to IRAs and not other types of retirement plans.
NEXT STEP Don’t let this tax-wise opportunity pass you by. If you have a question or would like to make a gift, please feel free to contact us. To learn more, visit www.foundation.iastate.edu/ira. We look forward to hearing from you.
When it came time for Allen to establish a scholarship at Iowa State, he knew exactly the area he wanted to support. Allen and his wife, Jean, have created the Housh Scholarship for Agricultural Education and Studies. “I wanted to continue the relationship I had already established at Iowa State in agricultural education,” he explains. “I had done really well in this area while I was a student, and I thought it was important to follow up by establishing a scholarship in that discipline. “Agricultural education gave me a good foundation for my career, and hopefully this scholarship will help Iowa State students in their career paths.” The Housh Scholarship was established through an initial gift and has been awarded to students majoring in agricultural education since 2004.
>>
The couple has also ensured that the scholarship will continue in perpetuity, thanks to a deferred gift of IRA assets. “The most logical thing we could do with the IRA was to give it away rather than have our estate pay taxes on it,” Allen says. “I guess philanthropy is in my blood,” he adds. “My dad was very civic-minded and my mom was also philanthropic. It felt really good to be able to do this for today’s and future students of Iowa State.”
YOU CAN HELP STUDENTS THRIVE Give us a call at 800.621.8515 to discover how you can create a scholarship that will help Iowa State students thrive.
Samantha Selness Senior Agriculture and Life Sciences Education Mabel, Minn. Recipient of the Housh Scholarship for Agricultural Education and Studies
GIFT IMPACT “During my time at Iowa State, I participated in a department of horticulture trip to Italy and also studied abroad in Ireland this past summer. The Housh Scholarship made it possible for me to go on these
THANK YOU FOR YOUR SUPPORT!
Your gift, large the or small, helps , students, faculty a w Io and staff of . State University
“ Hopefully this scholarship will help Iowa State students in their career paths.” — Allen Housh
trips and have a once-in-a-lifetime experience. I truly appreciate what the Housh family and others do to fund this and all scholarships that make it possible for me and other Iowa State students to realize their educational and career goals.”
The Best Thing About the Holidays? The Joy of Helping Others
F
ew pleasures in life offer more personal satisfaction or endure longer than helping others live better lives. As you think about holiday gifts for family and friends, remember that making year-end charitable gifts can be one of your most heartwarming experiences.
Receive Tax Benefits In addition to the immense personal satisfaction you gain from knowing that your gifts help students and programs at ISU, you may also receive tax benefits. Depending on the gift arrangements you choose, you can reduce your income and future estate taxes; increase your spendable income; eliminate capital gains tax; and attain no-cost, worry-free asset management.
Timing Is Everything Make your gifts to the ISU Foundation by Dec. 31 and you will see a tax break for this year when you itemize deductions on your federal income tax return. To better help you plan, following is a breakdown of when your gift is considered complete.
5 Ways to Make a Difference in 2011 Give cash. Cash is an easy way to give each year and can be used to prepay a pledge. To document a cash gift of any amount, you must have a dated receipt from us. A cancelled check provides sufficient documentation only for gifts by check if they are less than $250.
1
• Cash contributions sent through the mail are usually deductible if they are postmarked on Dec. 31. • Securities are generally deductible on the date they are transferred (if done electronically) to our books — not the date you ask your broker to make the transfer. • Real estate gifts, in most states, are considered complete on the date a properly executed deed is delivered to us. • Tangible personal property gifts are complete once the property is delivered to us. • Life insurance gifts are considered complete on the date you sign the paperwork transferring ownership to the ISU Foundation, assuming you properly forward the form on to the insurance 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 estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
4
SCHOLARSHIP STICKS TO ROOTS
5
3
Contact us at 800.621.8515 for helpful tips on making the most of your generosity this holiday season.
We Can Help Contact us at 800.621.8515 for more information about the many ways you can make a difference with a gift to ISU this year.
Special Opportunity for Your IRA Ends Dec. 31
I
f you’re 70½ or older, your chance to make tax-free charitable gifts from your IRA for 2011 ends Dec. 31. You can transfer up to $100,000 directly from your IRA to a qualified charity like the ISU Foundation.
©2011 I owa State University Foundation and The Stelter Company
Continued from page 1 was directly responsible for Cargill’s barge business. Prior to moving into the transportation department, Allen was a commodity trader for Cargill where he traded soybeans, oil seeds, and sunflower seeds. It was a long way from a high school classroom, but it was a career in which Allen thrived. “I enjoyed trading,” he says. “It really gets under your skin.”
that you’ve owned longer than a year to fund the gift, you will be entitled to an income tax deduction based, in part, on the charitable portion of the securities’ full value, in addition to eliminating up-front capital gains taxes.
Give real estate, artwork, Give appreciated stock or other or other tangible personal property. When you give stock property. Give property that would have or property to the Iowa State University resulted in the greatest capital gain if Foundation, we sell it, allowing you to eliminate you had sold the asset instead. all the capital gains tax you would have paid Donate an insurance policy. had you sold it. Your gift will be deductible at A gift of a life insurance policy its full fair market value on its date of delivery you no longer need makes a perfect if you have held it for more than one year. year-end gift. To qualify as a deductible Invest in a life income plan. A life gift, the ISU Foundation must become income gift, such as a charitable the policy owner. For most types of gift annuity or charitable remainder trust, insurance policies, your tax deduction provides you with payments for the rest is usually the cost basis or the fair of your life and Iowa State with support market value of the policy — whichever thereafter. If you use appreciated securities is less.
2
A CHANGE IN PLANS
How This Benefits You • The transfer generates neither taxable income nor a tax deduction, so you don’t have to itemize to take advantage of this opportunity.
• The transfer may count against your unsatisfied required minimum distribution from your IRA. • You can see firsthand the difference your philanthropic dollars make to our students, faculty, and staff. Note: The legislation does not permit direct transfers to charitable trusts, donor advised funds, charitable gift annuities, or supporting organizations.
In addition, this opportunity applies only to IRAs and not other types of retirement plans.
NEXT STEP Don’t let this tax-wise opportunity pass you by. If you have a question or would like to make a gift, please feel free to contact us. To learn more, visit www.foundation.iastate.edu/ira. We look forward to hearing from you.
When it came time for Allen to establish a scholarship at Iowa State, he knew exactly the area he wanted to support. Allen and his wife, Jean, have created the Housh Scholarship for Agricultural Education and Studies. “I wanted to continue the relationship I had already established at Iowa State in agricultural education,” he explains. “I had done really well in this area while I was a student, and I thought it was important to follow up by establishing a scholarship in that discipline. “Agricultural education gave me a good foundation for my career, and hopefully this scholarship will help Iowa State students in their career paths.” The Housh Scholarship was established through an initial gift and has been awarded to students majoring in agricultural education since 2004.
>>
The couple has also ensured that the scholarship will continue in perpetuity, thanks to a deferred gift of IRA assets. “The most logical thing we could do with the IRA was to give it away rather than have our estate pay taxes on it,” Allen says. “I guess philanthropy is in my blood,” he adds. “My dad was very civic-minded and my mom was also philanthropic. It felt really good to be able to do this for today’s and future students of Iowa State.”
YOU CAN HELP STUDENTS THRIVE Give us a call at 800.621.8515 to discover how you can create a scholarship that will help Iowa State students thrive.
Samantha Selness Senior Agriculture and Life Sciences Education Mabel, Minn. Recipient of the Housh Scholarship for Agricultural Education and Studies
GIFT IMPACT “During my time at Iowa State, I participated in a department of horticulture trip to Italy and also studied abroad in Ireland this past summer. The Housh Scholarship made it possible for me to go on these
THANK YOU FOR YOUR SUPPORT!
Your gift, large the or small, helps , students, faculty a w Io and staff of . State University
“ Hopefully this scholarship will help Iowa State students in their career paths.” — Allen Housh
trips and have a once-in-a-lifetime experience. I truly appreciate what the Housh family and others do to fund this and all scholarships that make it possible for me and other Iowa State students to realize their educational and career goals.”
The Best Thing About the Holidays? The Joy of Helping Others
F
ew pleasures in life offer more personal satisfaction or endure longer than helping others live better lives. As you think about holiday gifts for family and friends, remember that making year-end charitable gifts can be one of your most heartwarming experiences.
Receive Tax Benefits In addition to the immense personal satisfaction you gain from knowing that your gifts help students and programs at ISU, you may also receive tax benefits. Depending on the gift arrangements you choose, you can reduce your income and future estate taxes; increase your spendable income; eliminate capital gains tax; and attain no-cost, worry-free asset management.
Timing Is Everything Make your gifts to the ISU Foundation by Dec. 31 and you will see a tax break for this year when you itemize deductions on your federal income tax return. To better help you plan, following is a breakdown of when your gift is considered complete.
5 Ways to Make a Difference in 2011 Give cash. Cash is an easy way to give each year and can be used to prepay a pledge. To document a cash gift of any amount, you must have a dated receipt from us. A cancelled check provides sufficient documentation only for gifts by check if they are less than $250.
1
• Cash contributions sent through the mail are usually deductible if they are postmarked on Dec. 31. • Securities are generally deductible on the date they are transferred (if done electronically) to our books — not the date you ask your broker to make the transfer. • Real estate gifts, in most states, are considered complete on the date a properly executed deed is delivered to us. • Tangible personal property gifts are complete once the property is delivered to us. • Life insurance gifts are considered complete on the date you sign the paperwork transferring ownership to the ISU Foundation, assuming you properly forward the form on to the insurance 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 estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
4
SCHOLARSHIP STICKS TO ROOTS
5
3
Contact us at 800.621.8515 for helpful tips on making the most of your generosity this holiday season.
We Can Help Contact us at 800.621.8515 for more information about the many ways you can make a difference with a gift to ISU this year.
Special Opportunity for Your IRA Ends Dec. 31
I
f you’re 70½ or older, your chance to make tax-free charitable gifts from your IRA for 2011 ends Dec. 31. You can transfer up to $100,000 directly from your IRA to a qualified charity like the ISU Foundation.
©2011 I owa State University Foundation and The Stelter Company
Continued from page 1 was directly responsible for Cargill’s barge business. Prior to moving into the transportation department, Allen was a commodity trader for Cargill where he traded soybeans, oil seeds, and sunflower seeds. It was a long way from a high school classroom, but it was a career in which Allen thrived. “I enjoyed trading,” he says. “It really gets under your skin.”
that you’ve owned longer than a year to fund the gift, you will be entitled to an income tax deduction based, in part, on the charitable portion of the securities’ full value, in addition to eliminating up-front capital gains taxes.
Give real estate, artwork, Give appreciated stock or other or other tangible personal property. When you give stock property. Give property that would have or property to the Iowa State University resulted in the greatest capital gain if Foundation, we sell it, allowing you to eliminate you had sold the asset instead. all the capital gains tax you would have paid Donate an insurance policy. had you sold it. Your gift will be deductible at A gift of a life insurance policy its full fair market value on its date of delivery you no longer need makes a perfect if you have held it for more than one year. year-end gift. To qualify as a deductible Invest in a life income plan. A life gift, the ISU Foundation must become income gift, such as a charitable the policy owner. For most types of gift annuity or charitable remainder trust, insurance policies, your tax deduction provides you with payments for the rest is usually the cost basis or the fair of your life and Iowa State with support market value of the policy — whichever thereafter. If you use appreciated securities is less.
2
A CHANGE IN PLANS
How This Benefits You • The transfer generates neither taxable income nor a tax deduction, so you don’t have to itemize to take advantage of this opportunity.
• The transfer may count against your unsatisfied required minimum distribution from your IRA. • You can see firsthand the difference your philanthropic dollars make to our students, faculty, and staff. Note: The legislation does not permit direct transfers to charitable trusts, donor advised funds, charitable gift annuities, or supporting organizations.
In addition, this opportunity applies only to IRAs and not other types of retirement plans.
NEXT STEP Don’t let this tax-wise opportunity pass you by. If you have a question or would like to make a gift, please feel free to contact us. To learn more, visit www.foundation.iastate.edu/ira. We look forward to hearing from you.
When it came time for Allen to establish a scholarship at Iowa State, he knew exactly the area he wanted to support. Allen and his wife, Jean, have created the Housh Scholarship for Agricultural Education and Studies. “I wanted to continue the relationship I had already established at Iowa State in agricultural education,” he explains. “I had done really well in this area while I was a student, and I thought it was important to follow up by establishing a scholarship in that discipline. “Agricultural education gave me a good foundation for my career, and hopefully this scholarship will help Iowa State students in their career paths.” The Housh Scholarship was established through an initial gift and has been awarded to students majoring in agricultural education since 2004.
>>
The couple has also ensured that the scholarship will continue in perpetuity, thanks to a deferred gift of IRA assets. “The most logical thing we could do with the IRA was to give it away rather than have our estate pay taxes on it,” Allen says. “I guess philanthropy is in my blood,” he adds. “My dad was very civic-minded and my mom was also philanthropic. It felt really good to be able to do this for today’s and future students of Iowa State.”
YOU CAN HELP STUDENTS THRIVE Give us a call at 800.621.8515 to discover how you can create a scholarship that will help Iowa State students thrive.
Samantha Selness Senior Agriculture and Life Sciences Education Mabel, Minn. Recipient of the Housh Scholarship for Agricultural Education and Studies
GIFT IMPACT “During my time at Iowa State, I participated in a department of horticulture trip to Italy and also studied abroad in Ireland this past summer. The Housh Scholarship made it possible for me to go on these
THANK YOU FOR YOUR SUPPORT!
Your gift, large the or small, helps , students, faculty a w Io and staff of . State University
“ Hopefully this scholarship will help Iowa State students in their career paths.” — Allen Housh
trips and have a once-in-a-lifetime experience. I truly appreciate what the Housh family and others do to fund this and all scholarships that make it possible for me and other Iowa State students to realize their educational and career goals.”
final totals for CAMPAIGN IOWA STATE
DO YOU WANT TO HELP Iowa state STUDENTS, But Can’t Right Now?
C
onsider including a gift to the ISU Foundation in your will or living trust. Called a charitable bequest, this type of gift works well for people who wish to support Iowa State at a greater level but find they cannot do so. Plus, it has these benefits:
Call the ISU Foundation at 800.621.8515 today to learn more about including us in your will or trust.
I O W A
>> S TUDENT SUPPORT
• Tax relief. When you make a gift to the ISU Foundation — a qualified charitable organization — in your will or trust, your estate is entitled to an estate tax charitable deduction for the gift’s full value.
An additional 813 scholarships for Iowa State undergraduate and graduate students were established during Campaign Iowa State.
Facilities $139 million Programs $284 million
>> F ACULTY SUPPORT
You can establish an endowment now with an outright gift and add to it each year, or you can arrange future funding with a bequest or life income plan.
Students $262 million
>> P ROGRAM SUPPORT
Retirement plan assets. Because retirement plan
cases nearly 60 percent—consider naming us as the
Fund Your Endowment Now
Cash. The simplest way to make your gift is to
write a check. By doing this you may be entitled
beneficiary of the plan. Note: The tax rules regarding
retirement plans can be complex, so consult your tax advisor before making this type of gift.
to an income tax deduction.
Life income gifts. Some gift arrangements, such as
Appreciated assets. If you make an outright
WE’VE GOT THE PERFECT PRESENT!
Fund Your Endowment in the Future
assets may be taxed heavily after your death—in some
a charitable gift annuity and a charitable remainder trust,
gift of an appreciated asset that you’ve owned longer
will pay income to you and/or another beneficiary typically
than one year, you may be entitled to an income
for life. Thereafter, the assets can be distributed to your
tax deduction for the full fair market value of the
endowed fund.
rs directed to millions of dolla k Nationwide, sitting idle in ban owments are permanent end funds can’t be ? Because the accounts. Why now which has original purpose, used for their encourage . This is why we become obsolete our nt that allows eme stat a de you to inclu to another s fund e ute thes board to redistrib olete. t becomes obs inten inal orig the area if your attorney with you and your We can provide uage. appropriate lang
asset, while eliminating the capital gains tax on the asset’s appreciation.
5 Bequests. You may decide that the best way to
reply card and we’ll send you a copy.
make a lasting difference is to remember us in your will or living trust. Your bequest can be a specific amount or a percentage of your residuary estate.
Getting Started We will be pleased to help you create an endowment
l or Trust il W r u o Y in t A Gif u If: Is Right for Yo
and achieve timeless recognition for yourself or a loved one. Just arrange a meeting with our representative— without obligation.
E printed on recycled paper 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 estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
7
s about the guide decision to ity un rt po you e op s and the legacy You want th on si es ss po ur p of yo future ownershi eate one. leave behind. are ready to cr or t us tr g in liv will or a State is still You have a support of Iow ur yo re su e ak m You want to your lifetime. te available af r to us with an your generosity e nc la ba to t first. You wan e taken care of ar es on d ve lo ge your mind assurance that xibility to chan fle e th n ai nt ai m You want to at any time. gi about your ft INB25-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 2011
Since Campaign Iowa State commenced, 85 endowed faculty positions have been created.
Why Leaving a Percentage Sixty thousand alumni and friends contributed $200 million for Makes Sense educational programs. • Simplicity. Just a few sentences When planning a future gift, it’s in your will or trust are all that Total: $867 million Faculty >> FACILITIES SUPPORT sometimes difficult to determine is needed. You can find sample $182 million Two dozen campus facilities have been constructed or language to share with your attorney an amount that will make sense. renovated during Campaign Iowa State. Emergencies happen, and you need to on the bottom of the back cover. Totals gifts and commitments from July 1, 2008, to June 30, 2011 make sure your family is financially taken • Flexibility. Because your gift is care of first. Including a bequest as a made to Iowa State only upon your percentage of your estate or a percentage passing, you can change your mind Waysof to your Make residual Your Giftestate ensures that your THE BEST PRESENT FOR at any time. ANYONE ON YOUR LIST ety Saf e lud gift will remain proportionate to yourDon’t Forge!get to Inc • Versatility. You can structure the gua Lan 3 estate size, no matter how its value bequest to leave a specific item or 1 fluctuates over the years. amount of money, make the gift Looking for the perfect holiday gift for a loved one? Consider making a lasting contingent on certain events, or 4 2 gift to Iowa State in his or her honor. Learn more in our COMPLIMENTARY leave a percentage of your estate guide, The Best Present for Anyone on Your List. Simply return the enclosed to the ISU Foundation.
5
S T A T E
Iowa State UnIverSIty FoUndatIon 2505 UnIverSIty BoUlevard P.o. Box 2230 ameS, Iowa 50010-2230 Toll-Free: 800.621.8515 www.isugift.org
>> 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.
A CHANGE IN PLANS
A
llen Housh was prepared to spend his life as a high school agricultural vocational teacher. It was natural for him to prepare for a career in agriculture. The Garner, Iowa, native had been around the livestock business his entire life, and he went to Iowa State specifically to major in agricultural education. “I wanted to be able to get a job out of school and thought I would wind up teaching,” says Allen, a 1957 Iowa State graduate and current Edina, Minn., resident. The plan was on track during his senior year. He had interviewed with a couple of schools when he went to a career fair. A position with Cargill intrigued him but it was too late to sign up for a campus interview. But
“ Agricultural education gave me a good foundation for my career.” — Allen Housh Allen’s career path was significantly altered when a college friend gave up his interview slot. “After that interview with Cargill, I was invited up to Minneapolis, and the rest, as they say, is history,” Allen says. “I spent 36 years with Cargill, so I guess it really worked out well.” Allen’s career at Cargill took him from Fort Dodge to Des Moines, Memphis, and finally Minneapolis where he retired as a corporate vice president for transportation. There he Continued on page 4
Visit www.isugift.org to meet other donors and learn why they believe it is important to invest in the future of Iowa State University.
Jean and All en Housh
IN THIS ISSUE •D iscover the best thing about the holidays •F ive ways to make a difference in 2011 •D on’t miss out on this special IRA opportunity •H ow to offer support when finances are tight •C ampaign Iowa State final report
1
final totals for CAMPAIGN IOWA STATE
DO YOU WANT TO HELP Iowa state STUDENTS, But Can’t Right Now?
C
onsider including a gift to the ISU Foundation in your will or living trust. Called a charitable bequest, this type of gift works well for people who wish to support Iowa State at a greater level but find they cannot do so. Plus, it has these benefits:
Call the ISU Foundation at 800.621.8515 today to learn more about including us in your will or trust.
I O W A
>> S TUDENT SUPPORT
• Tax relief. When you make a gift to the ISU Foundation — a qualified charitable organization — in your will or trust, your estate is entitled to an estate tax charitable deduction for the gift’s full value.
An additional 813 scholarships for Iowa State undergraduate and graduate students were established during Campaign Iowa State.
Facilities $139 million Programs $284 million
>> F ACULTY SUPPORT
You can establish an endowment now with an outright gift and add to it each year, or you can arrange future funding with a bequest or life income plan.
Students $262 million
>> P ROGRAM SUPPORT
Retirement plan assets. Because retirement plan
cases nearly 60 percent—consider naming us as the
Fund Your Endowment Now
Cash. The simplest way to make your gift is to
write a check. By doing this you may be entitled
beneficiary of the plan. Note: The tax rules regarding
retirement plans can be complex, so consult your tax advisor before making this type of gift.
to an income tax deduction.
Life income gifts. Some gift arrangements, such as
Appreciated assets. If you make an outright
WE’VE GOT THE PERFECT PRESENT!
Fund Your Endowment in the Future
assets may be taxed heavily after your death—in some
a charitable gift annuity and a charitable remainder trust,
gift of an appreciated asset that you’ve owned longer
will pay income to you and/or another beneficiary typically
than one year, you may be entitled to an income
for life. Thereafter, the assets can be distributed to your
tax deduction for the full fair market value of the
endowed fund.
rs directed to millions of dolla k Nationwide, sitting idle in ban owments are permanent end funds can’t be ? Because the accounts. Why now which has original purpose, used for their encourage . This is why we become obsolete our nt that allows eme stat a de you to inclu to another s fund e ute thes board to redistrib olete. t becomes obs inten inal orig the area if your attorney with you and your We can provide uage. appropriate lang
asset, while eliminating the capital gains tax on the asset’s appreciation.
5 Bequests. You may decide that the best way to
reply card and we’ll send you a copy.
make a lasting difference is to remember us in your will or living trust. Your bequest can be a specific amount or a percentage of your residuary estate.
Getting Started We will be pleased to help you create an endowment
l or Trust il W r u o Y in t A Gif u If: Is Right for Yo
and achieve timeless recognition for yourself or a loved one. Just arrange a meeting with our representative— without obligation.
E printed on recycled paper 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 estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
7
s about the guide decision to ity un rt po you e op s and the legacy You want th on si es ss po ur p of yo future ownershi eate one. leave behind. are ready to cr or t us tr g in liv will or a State is still You have a support of Iow ur yo re su e ak m You want to your lifetime. te available af r to us with an your generosity e nc la ba to t first. You wan e taken care of ar es on d ve lo ge your mind assurance that xibility to chan fle e th n ai nt ai m You want to at any time. gi about your ft INB25-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 2011
Since Campaign Iowa State commenced, 85 endowed faculty positions have been created.
Why Leaving a Percentage Sixty thousand alumni and friends contributed $200 million for Makes Sense educational programs. • Simplicity. Just a few sentences When planning a future gift, it’s in your will or trust are all that Total: $867 million Faculty >> FACILITIES SUPPORT sometimes difficult to determine is needed. You can find sample $182 million Two dozen campus facilities have been constructed or language to share with your attorney an amount that will make sense. renovated during Campaign Iowa State. Emergencies happen, and you need to on the bottom of the back cover. Totals gifts and commitments from July 1, 2008, to June 30, 2011 make sure your family is financially taken • Flexibility. Because your gift is care of first. Including a bequest as a made to Iowa State only upon your percentage of your estate or a percentage passing, you can change your mind Waysof to your Make residual Your Giftestate ensures that your THE BEST PRESENT FOR at any time. ANYONE ON YOUR LIST ety Saf e lud gift will remain proportionate to yourDon’t Forge!get to Inc • Versatility. You can structure the gua Lan 3 estate size, no matter how its value bequest to leave a specific item or 1 fluctuates over the years. amount of money, make the gift Looking for the perfect holiday gift for a loved one? Consider making a lasting contingent on certain events, or 4 2 gift to Iowa State in his or her honor. Learn more in our COMPLIMENTARY leave a percentage of your estate guide, The Best Present for Anyone on Your List. Simply return the enclosed to the ISU Foundation.
5
S T A T E
Iowa State UnIverSIty FoUndatIon 2505 UnIverSIty BoUlevard P.o. Box 2230 ameS, Iowa 50010-2230 Toll-Free: 800.621.8515 www.isugift.org
>> 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.
A CHANGE IN PLANS
A
llen Housh was prepared to spend his life as a high school agricultural vocational teacher. It was natural for him to prepare for a career in agriculture. The Garner, Iowa, native had been around the livestock business his entire life, and he went to Iowa State specifically to major in agricultural education. “I wanted to be able to get a job out of school and thought I would wind up teaching,” says Allen, a 1957 Iowa State graduate and current Edina, Minn., resident. The plan was on track during his senior year. He had interviewed with a couple of schools when he went to a career fair. A position with Cargill intrigued him but it was too late to sign up for a campus interview. But
“ Agricultural education gave me a good foundation for my career.” — Allen Housh Allen’s career path was significantly altered when a college friend gave up his interview slot. “After that interview with Cargill, I was invited up to Minneapolis, and the rest, as they say, is history,” Allen says. “I spent 36 years with Cargill, so I guess it really worked out well.” Allen’s career at Cargill took him from Fort Dodge to Des Moines, Memphis, and finally Minneapolis where he retired as a corporate vice president for transportation. There he Continued on page 4
Visit www.isugift.org to meet other donors and learn why they believe it is important to invest in the future of Iowa State University.
Jean and All en Housh
IN THIS ISSUE •D iscover the best thing about the holidays •F ive ways to make a difference in 2011 •D on’t miss out on this special IRA opportunity •H ow to offer support when finances are tight •C ampaign Iowa State final report
1