Page 1

ACTION LIST PLANNING MEASURES YOU CAN TAKE TODAY

OUR MISSION Iowa State University works to create, share and apply knowledge to make Iowa and the world a better place. The Iowa State University Foundation is a private non-profit organization

Send back the enclosed reply card to receive a complimentary copy of 15 Reasons to Update Your Will. Visit www.isugift.org to learn more about including the Iowa State University Foundation in your will. Contact us at 800.621.8515 to learn more about topics covered in this newsletter or another topic that interests you.

TOTAL SUPPORT TO CAMPAIGN IOWA STATE >> STUDENT SUPPORT - $235 MILLION GOAL An additional 640 scholarships for Iowa State undergraduate and graduate students have been established during Campaign Iowa State.

>> PROGRAM SUPPORT - $195 MILLION GOAL

Fifteen campus facilities have been constructed or renovated during Campaign Iowa State.

make gifts to show their support for Iowa State.

Faculty $153 million

Total: $742 million

Students $224 million

Gifts and commitments as of December 31, 2009

The Unwanted Inheritance Although your IRA may have taken a hit recently, it likely remains one of your biggest assets. While this plan is a good solution for retirement, it is not a great option for passing on an inheritance. The reason? IRAs and other retirement assets are taxable income when received by individual beneficiaries — therefore, the funds are exposed to income taxes.

A CHARITABLE SOLUTION If you’ve thought about making a gift to the Iowa State University Foundation, consider giving IRA assets to us and giving other assets that are not as heavily taxed to family members. As a nonprofit organization, Iowa State is tax-exempt, so we can use 100 percent of your IRA. To start the process: > Contact your IRA administrator for a change of beneficiary form. > Name us and the gift percentage on the form. > Return the form to your IRA administrator.

If you have any questions about providing support to Iowa State through your IRA, please feel free to contact us at 800.621.8515.

©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.

U N I V E R S I T Y

F O U N D A T I O N

NSIGHT I S A C H A R I TA B L E P L A N N I N G G U I D E F O R I S U A L U M N I A N D F R I E N D S WINTER 2010

RON AND MARLA FRANKLIN: DISCOVERING THE POWER OF A PLAN

Campaign Iowa State’s goal has been surpassed but additional programmatic support is needed throughout campus.

private gifts and grants that benefit thousands of generous benefactors

Programs $241 million

S T A T E

Since Campaign Iowa State commenced, 62 endowed faculty positions have been created.

>> FACILITIES SUPPORT - $155 MILLION GOAL

YOUR IRA:

Facilities $124 million

>> FACULTY SUPPORT - $215 MILLION GOAL

dedicated to securing and stewarding Iowa State University. Each year,

I O W A

YOUR PLAN FOR SUCCESS As life changes, so should your will. Make sure your will matches your intentions by keeping it current. Send back the enclosed reply card to receive a complimentary guide of 15 Reasons to Update Your Will.

HOW TO REMEMBER IOWA STATE >> UNIVERSITY IN YOUR WILL Share the following suggested wording with your estate planning attorney to add to your will or living trust. I give, devise and bequeath to the Iowa State University Foundation, a not-for-profit corporation, existing under the laws of the State of Iowa, and located at Ames, Iowa, ______ (percent of my estate, dollars, property, securities, etc.) to be used for ______ (however you wish for your gift to be used) at Iowa State University.

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

backyard conversation with their neighbor and attorney was all it took for Des Moines-area residents Ron and Marla Franklin to finally sit down and work on their estate plans.

“We were at an age where we needed a will,” says Marla, who is retired from her position as vice president for human resources at Allied Insurance. “We had no kids and didn’t want to spend a lot of money on a will. Our neighbor at the time said he would help us, so we took a six pack to the deck, and in the space of a couple of hours, we got it wrapped up.” The Iowa State University graduates realize that their estate planning was made easier because of their personal situation. “Our

Iowa State is involved in numerous worthwhile projects. It was important to us to continue

to support the university so even more can be done. —Ron Franklin

neighbor led us through the process,” says Ron, who retired as a managing director for the Principal Financial Group. “Basically, he was picking our brains to learn what was important to us. He kept asking the question, ‘What do you want to do with your assets that will make you feel good?’”

MAKING AN IMPACT THROUGH THEIR WILL Establishing a bequest in a will and naming the Iowa State University

To learn how you can easily provide support for future ISU students, go to www.foundation.iastate.edu/studentsupport.

Foundation as the beneficiary is the easiest and most popular deferred gift plan used by Iowa State alumni and friends. Donors may name the ISU Continued Inside

IN THIS ISSUE • How to Remember Iowa State in Your Will: 3 Easy Decisions to Make • Write a Check? Savvy People Think Twice • Your IRA: The Unwanted Inheritance • Total Support to Campaign Iowa State


? NOW r o K U end r O Y m DID can aoke youat

HOW TO REMEMBER IOWA STATE IN YOUR WILL: 3 EASY DECISIONS TO MAKE JAC QU E L I N E VA N N I S H A N K S

GIFT IMPACT

Bequests “Manley R. Hoppe is a prime example of Iowa State University’s rich tradition of educating student leaders in engineering that go on to make substantial contributions to our world, and I will proudly continue to educate student leaders at Iowa State at the undergraduate and graduate levels.” Jacqueline Vanni Shanks Manley R. Hoppe Professor in Chemical Engineering

BEQUESTS A bequest in your will or living trust naming the Iowa State University Foundation is the easiest and most popular deferred gift plan used by alumni and friends. Donors may name the Iowa State University Foundation as a percentage beneficiary, for a specific dollar amount or specific assets, or as a residual or contingent recipient. Your assets can also be used to support Iowa State for the purposes you have documented, such as the development of professorships like the one highlighted here.

I

f you’re like many of our supporters, you hold Iowa State University close to your heart and want to keep supporting our mission far into the future. But what if, because of life’s ups and downs, you don’t know how much you can afford to part with today? You can help shape the future of those we serve by planning a gift to Iowa State after your lifetime. This type of charitable gift is perfect for those who support our university but need the flexibility to change their minds at any time and keep their current assets intact. Referred to as a bequest, a gift in your will can take many forms. Make these three decisions before asking your estate planning attorney to add the legal language to your will.

1

CHOOSE WHAT TO GIVE.

Pick from one of these four options. > A specific bequest gives Iowa State a particular piece of property. If you disposed of the property before your death, we cannot claim any other property. > A general bequest gives us a stated sum of money. If there is insufficient cash in your estate to cover the bequest, other assets must be sold for cash to pay the stated amount. > A residuary bequest gives the “rest, residue and remainder” of your estate, or, more commonly, a percentage of the residue, after all other bequests, debts and taxes have been paid. > A contingent bequest requires a certain event to occur before the gift can happen. For example, you could bequeath funds to a family member provided that person survives you; if not, the funds would then go to Iowa State.

DECIDE HOW YOU WOULD LIKE IOWA STATE TO USE YOUR GIFT.

2

Choose from one of these three options. > An unrestricted bequest allows us to use the assets in the most beneficial way. > A restricted bequest allows you to specify how Iowa State can use the funds. Contact us in advance to be certain your intent can be fulfilled. > An endowed bequest allows you to restrict the principal of your gift so we can use only a small portion

You n rev to us ur eve quest As yo be time. ances t any rcums so can. ci nge, o us cha r gift t you

>> BUT WHAT ABOUT THE KIDS?

each year, allowing the fund to last forever.

DETERMINE IF YOU WOULD LIKE TO COMMEMORATE SOMEONE WITH YOUR GIFT.

New research reveals how your loved ones really feel about sharing a piece of their inheritance with a nonprofit. In a scientific study, researchers posed the following question to the 31 percent of Americans aged 30+ who expect to or have already received an inheritance: “Suppose someone other than your spouse were to leave you an inheritance. If they had also decided a nonprofit organization would get a percentage, something like 5 percent to 10 percent, in all honesty, do you think you would wish they had left 100 percent to individuals rather than to organizations, or do you think a gift to an organization is a reasonable choice?”

3

If so, please let us know your intentions. Whatever your choices regarding what to give and how you’d like your gift used, you can make your bequest in honor or in memory of someone special.

HERE’S HOW THEY RESPONDED:

It is important to enlist the help of a qualified estate planning attorney when naming Iowa State in your will. Please let us know when you have made such a gift so we can thank you and recognize your gift.

A gift to an organization is a reasonable choice Not sure Wish 100 percent would go to individuals

WRITE A CHECK? SAVVY PEOPLE THINK TWICE No matter the amount, all forms of giving come from the heart. Before you reach for your checkbook, though, consider other more advantageous ways to support Iowa State University.

RON AND MARLA FRANKLIN: DISCOVERING THE POWER OF A PLAN Continued from Cover Foundation as a beneficiary of a percentage of their estate, a specific dollar amount or specific assets, or as a residual or contingent recipient. “I was surprised how easy it was, and we’re very pleased with the end product,” Ron says. Iowa State jumped to the forefront of what is important to Ron and Marla. Ron graduated in 1968 from Iowa State with a degree in industrial administration. Marla also graduated that year, with a degree in economics. After taking care of the “absolute needs” in their estate plans, the Franklins turned their attention to what they wanted to do with the rest of their assets. The couple looked at a number of charitable organizations they had supported in the past, including Iowa State. Most of their previous gifts to the university had been directed to Cyclone

It just seemed appropriate to give back to that legacy.

DEFERRED GIFTS A popular method includes leaving a gift in your will or revocable living trust. Also, consider leaving us your retirement plan assets, which would be heavily taxed if left to your heirs upon your death.

VOLUNTEERING There are many opportunities to give your time and expertise. Accept an offer to serve on a board or committee, make calls for a capital campaign, or donate your time when asked for help.

INVESTMENT ASSETS Stocks, bonds, real estate and other property that have grown in value since you first purchased them make it possible to give a larger donation for less cost and even provide tax benefits for you.

LIFE INSURANCE POLICIES Although often forgotten, gifts of life insurance are a great way to leverage your giving. Donate paid-up life insurance policies with cash values or give us a new policy with our organization named as owner and beneficiary.

Please always remember that we appreciate your gift whether it is immediate or years from now, and we will help you find the right gift for your unique circumstances.

It’s something we both feel good about.

—Marla Franklin

Athletics as well as their respective academic programs. “We both received scholarships to attend Iowa State,” Ron says. “Without that assistance, it would have been a lot tougher going to school. Iowa State is involved in numerous worthwhile projects.

It was important to us to continue to support the university so even more can be done.” “We were fortunate to gain some advantages that an Iowa State degree gives people,” Marla says. “It just seemed appropriate to give back to that legacy. It’s something we both feel good about.” Marla says the decision to leave a bequest to Iowa State was an easy one. “The university did the best job of staying in touch with us and informing us of what was happening. “That really raised Iowa State in my consciousness and showed that they put the funds, regardless if the gifts were $25 or $25 million, to good use.” Currently the couple has not designated a university fund or funds for their bequest. “We decided to make this gift unrestricted with the thought we should put the funds in the hands of the individuals who know where the best use of the money would be — where it can have the maximum impact,” Marla said.

THERE ARE MANY WAYS TO GIVE To learn about the many types of gifts you can make to support Iowa State University and their benefits to you, contact the Iowa State University Foundation today!


? NOW r o K U end r O Y m DID can aoke youat

HOW TO REMEMBER IOWA STATE IN YOUR WILL: 3 EASY DECISIONS TO MAKE JAC QU E L I N E VA N N I S H A N K S

GIFT IMPACT

Bequests “Manley R. Hoppe is a prime example of Iowa State University’s rich tradition of educating student leaders in engineering that go on to make substantial contributions to our world, and I will proudly continue to educate student leaders at Iowa State at the undergraduate and graduate levels.” Jacqueline Vanni Shanks Manley R. Hoppe Professor in Chemical Engineering

BEQUESTS A bequest in your will or living trust naming the Iowa State University Foundation is the easiest and most popular deferred gift plan used by alumni and friends. Donors may name the Iowa State University Foundation as a percentage beneficiary, for a specific dollar amount or specific assets, or as a residual or contingent recipient. Your assets can also be used to support Iowa State for the purposes you have documented, such as the development of professorships like the one highlighted here.

I

f you’re like many of our supporters, you hold Iowa State University close to your heart and want to keep supporting our mission far into the future. But what if, because of life’s ups and downs, you don’t know how much you can afford to part with today? You can help shape the future of those we serve by planning a gift to Iowa State after your lifetime. This type of charitable gift is perfect for those who support our university but need the flexibility to change their minds at any time and keep their current assets intact. Referred to as a bequest, a gift in your will can take many forms. Make these three decisions before asking your estate planning attorney to add the legal language to your will.

1

CHOOSE WHAT TO GIVE.

Pick from one of these four options. > A specific bequest gives Iowa State a particular piece of property. If you disposed of the property before your death, we cannot claim any other property. > A general bequest gives us a stated sum of money. If there is insufficient cash in your estate to cover the bequest, other assets must be sold for cash to pay the stated amount. > A residuary bequest gives the “rest, residue and remainder” of your estate, or, more commonly, a percentage of the residue, after all other bequests, debts and taxes have been paid. > A contingent bequest requires a certain event to occur before the gift can happen. For example, you could bequeath funds to a family member provided that person survives you; if not, the funds would then go to Iowa State.

DECIDE HOW YOU WOULD LIKE IOWA STATE TO USE YOUR GIFT.

2

Choose from one of these three options. > An unrestricted bequest allows us to use the assets in the most beneficial way. > A restricted bequest allows you to specify how Iowa State can use the funds. Contact us in advance to be certain your intent can be fulfilled. > An endowed bequest allows you to restrict the principal of your gift so we can use only a small portion

You n rev to us ur eve quest As yo be time. ances t any rcums so can. ci nge, o us cha r gift t you

>> BUT WHAT ABOUT THE KIDS?

each year, allowing the fund to last forever.

DETERMINE IF YOU WOULD LIKE TO COMMEMORATE SOMEONE WITH YOUR GIFT.

New research reveals how your loved ones really feel about sharing a piece of their inheritance with a nonprofit. In a scientific study, researchers posed the following question to the 31 percent of Americans aged 30+ who expect to or have already received an inheritance: “Suppose someone other than your spouse were to leave you an inheritance. If they had also decided a nonprofit organization would get a percentage, something like 5 percent to 10 percent, in all honesty, do you think you would wish they had left 100 percent to individuals rather than to organizations, or do you think a gift to an organization is a reasonable choice?”

3

If so, please let us know your intentions. Whatever your choices regarding what to give and how you’d like your gift used, you can make your bequest in honor or in memory of someone special.

HERE’S HOW THEY RESPONDED:

It is important to enlist the help of a qualified estate planning attorney when naming Iowa State in your will. Please let us know when you have made such a gift so we can thank you and recognize your gift.

A gift to an organization is a reasonable choice Not sure Wish 100 percent would go to individuals

WRITE A CHECK? SAVVY PEOPLE THINK TWICE No matter the amount, all forms of giving come from the heart. Before you reach for your checkbook, though, consider other more advantageous ways to support Iowa State University.

RON AND MARLA FRANKLIN: DISCOVERING THE POWER OF A PLAN Continued from Cover Foundation as a beneficiary of a percentage of their estate, a specific dollar amount or specific assets, or as a residual or contingent recipient. “I was surprised how easy it was, and we’re very pleased with the end product,” Ron says. Iowa State jumped to the forefront of what is important to Ron and Marla. Ron graduated in 1968 from Iowa State with a degree in industrial administration. Marla also graduated that year, with a degree in economics. After taking care of the “absolute needs” in their estate plans, the Franklins turned their attention to what they wanted to do with the rest of their assets. The couple looked at a number of charitable organizations they had supported in the past, including Iowa State. Most of their previous gifts to the university had been directed to Cyclone

It just seemed appropriate to give back to that legacy.

DEFERRED GIFTS A popular method includes leaving a gift in your will or revocable living trust. Also, consider leaving us your retirement plan assets, which would be heavily taxed if left to your heirs upon your death.

VOLUNTEERING There are many opportunities to give your time and expertise. Accept an offer to serve on a board or committee, make calls for a capital campaign, or donate your time when asked for help.

INVESTMENT ASSETS Stocks, bonds, real estate and other property that have grown in value since you first purchased them make it possible to give a larger donation for less cost and even provide tax benefits for you.

LIFE INSURANCE POLICIES Although often forgotten, gifts of life insurance are a great way to leverage your giving. Donate paid-up life insurance policies with cash values or give us a new policy with our organization named as owner and beneficiary.

Please always remember that we appreciate your gift whether it is immediate or years from now, and we will help you find the right gift for your unique circumstances.

It’s something we both feel good about.

—Marla Franklin

Athletics as well as their respective academic programs. “We both received scholarships to attend Iowa State,” Ron says. “Without that assistance, it would have been a lot tougher going to school. Iowa State is involved in numerous worthwhile projects.

It was important to us to continue to support the university so even more can be done.” “We were fortunate to gain some advantages that an Iowa State degree gives people,” Marla says. “It just seemed appropriate to give back to that legacy. It’s something we both feel good about.” Marla says the decision to leave a bequest to Iowa State was an easy one. “The university did the best job of staying in touch with us and informing us of what was happening. “That really raised Iowa State in my consciousness and showed that they put the funds, regardless if the gifts were $25 or $25 million, to good use.” Currently the couple has not designated a university fund or funds for their bequest. “We decided to make this gift unrestricted with the thought we should put the funds in the hands of the individuals who know where the best use of the money would be — where it can have the maximum impact,” Marla said.

THERE ARE MANY WAYS TO GIVE To learn about the many types of gifts you can make to support Iowa State University and their benefits to you, contact the Iowa State University Foundation today!


? NOW r o K U end r O Y m DID can aoke youat

HOW TO REMEMBER IOWA STATE IN YOUR WILL: 3 EASY DECISIONS TO MAKE JAC QU E L I N E VA N N I S H A N K S

GIFT IMPACT

Bequests “Manley R. Hoppe is a prime example of Iowa State University’s rich tradition of educating student leaders in engineering that go on to make substantial contributions to our world, and I will proudly continue to educate student leaders at Iowa State at the undergraduate and graduate levels.” Jacqueline Vanni Shanks Manley R. Hoppe Professor in Chemical Engineering

BEQUESTS A bequest in your will or living trust naming the Iowa State University Foundation is the easiest and most popular deferred gift plan used by alumni and friends. Donors may name the Iowa State University Foundation as a percentage beneficiary, for a specific dollar amount or specific assets, or as a residual or contingent recipient. Your assets can also be used to support Iowa State for the purposes you have documented, such as the development of professorships like the one highlighted here.

I

f you’re like many of our supporters, you hold Iowa State University close to your heart and want to keep supporting our mission far into the future. But what if, because of life’s ups and downs, you don’t know how much you can afford to part with today? You can help shape the future of those we serve by planning a gift to Iowa State after your lifetime. This type of charitable gift is perfect for those who support our university but need the flexibility to change their minds at any time and keep their current assets intact. Referred to as a bequest, a gift in your will can take many forms. Make these three decisions before asking your estate planning attorney to add the legal language to your will.

1

CHOOSE WHAT TO GIVE.

Pick from one of these four options. > A specific bequest gives Iowa State a particular piece of property. If you disposed of the property before your death, we cannot claim any other property. > A general bequest gives us a stated sum of money. If there is insufficient cash in your estate to cover the bequest, other assets must be sold for cash to pay the stated amount. > A residuary bequest gives the “rest, residue and remainder” of your estate, or, more commonly, a percentage of the residue, after all other bequests, debts and taxes have been paid. > A contingent bequest requires a certain event to occur before the gift can happen. For example, you could bequeath funds to a family member provided that person survives you; if not, the funds would then go to Iowa State.

DECIDE HOW YOU WOULD LIKE IOWA STATE TO USE YOUR GIFT.

2

Choose from one of these three options. > An unrestricted bequest allows us to use the assets in the most beneficial way. > A restricted bequest allows you to specify how Iowa State can use the funds. Contact us in advance to be certain your intent can be fulfilled. > An endowed bequest allows you to restrict the principal of your gift so we can use only a small portion

You n rev to us ur eve quest As yo be time. ances t any rcums so can. ci nge, o us cha r gift t you

>> BUT WHAT ABOUT THE KIDS?

each year, allowing the fund to last forever.

DETERMINE IF YOU WOULD LIKE TO COMMEMORATE SOMEONE WITH YOUR GIFT.

New research reveals how your loved ones really feel about sharing a piece of their inheritance with a nonprofit. In a scientific study, researchers posed the following question to the 31 percent of Americans aged 30+ who expect to or have already received an inheritance: “Suppose someone other than your spouse were to leave you an inheritance. If they had also decided a nonprofit organization would get a percentage, something like 5 percent to 10 percent, in all honesty, do you think you would wish they had left 100 percent to individuals rather than to organizations, or do you think a gift to an organization is a reasonable choice?”

3

If so, please let us know your intentions. Whatever your choices regarding what to give and how you’d like your gift used, you can make your bequest in honor or in memory of someone special.

HERE’S HOW THEY RESPONDED:

It is important to enlist the help of a qualified estate planning attorney when naming Iowa State in your will. Please let us know when you have made such a gift so we can thank you and recognize your gift.

A gift to an organization is a reasonable choice Not sure Wish 100 percent would go to individuals

WRITE A CHECK? SAVVY PEOPLE THINK TWICE No matter the amount, all forms of giving come from the heart. Before you reach for your checkbook, though, consider other more advantageous ways to support Iowa State University.

RON AND MARLA FRANKLIN: DISCOVERING THE POWER OF A PLAN Continued from Cover Foundation as a beneficiary of a percentage of their estate, a specific dollar amount or specific assets, or as a residual or contingent recipient. “I was surprised how easy it was, and we’re very pleased with the end product,” Ron says. Iowa State jumped to the forefront of what is important to Ron and Marla. Ron graduated in 1968 from Iowa State with a degree in industrial administration. Marla also graduated that year, with a degree in economics. After taking care of the “absolute needs” in their estate plans, the Franklins turned their attention to what they wanted to do with the rest of their assets. The couple looked at a number of charitable organizations they had supported in the past, including Iowa State. Most of their previous gifts to the university had been directed to Cyclone

It just seemed appropriate to give back to that legacy.

DEFERRED GIFTS A popular method includes leaving a gift in your will or revocable living trust. Also, consider leaving us your retirement plan assets, which would be heavily taxed if left to your heirs upon your death.

VOLUNTEERING There are many opportunities to give your time and expertise. Accept an offer to serve on a board or committee, make calls for a capital campaign, or donate your time when asked for help.

INVESTMENT ASSETS Stocks, bonds, real estate and other property that have grown in value since you first purchased them make it possible to give a larger donation for less cost and even provide tax benefits for you.

LIFE INSURANCE POLICIES Although often forgotten, gifts of life insurance are a great way to leverage your giving. Donate paid-up life insurance policies with cash values or give us a new policy with our organization named as owner and beneficiary.

Please always remember that we appreciate your gift whether it is immediate or years from now, and we will help you find the right gift for your unique circumstances.

It’s something we both feel good about.

—Marla Franklin

Athletics as well as their respective academic programs. “We both received scholarships to attend Iowa State,” Ron says. “Without that assistance, it would have been a lot tougher going to school. Iowa State is involved in numerous worthwhile projects.

It was important to us to continue to support the university so even more can be done.” “We were fortunate to gain some advantages that an Iowa State degree gives people,” Marla says. “It just seemed appropriate to give back to that legacy. It’s something we both feel good about.” Marla says the decision to leave a bequest to Iowa State was an easy one. “The university did the best job of staying in touch with us and informing us of what was happening. “That really raised Iowa State in my consciousness and showed that they put the funds, regardless if the gifts were $25 or $25 million, to good use.” Currently the couple has not designated a university fund or funds for their bequest. “We decided to make this gift unrestricted with the thought we should put the funds in the hands of the individuals who know where the best use of the money would be — where it can have the maximum impact,” Marla said.

THERE ARE MANY WAYS TO GIVE To learn about the many types of gifts you can make to support Iowa State University and their benefits to you, contact the Iowa State University Foundation today!


ACTION LIST PLANNING MEASURES YOU CAN TAKE TODAY

OUR MISSION Iowa State University works to create, share and apply knowledge to make Iowa and the world a better place. The Iowa State University Foundation is a private non-profit organization

Send back the enclosed reply card to receive a complimentary copy of 15 Reasons to Update Your Will. Visit www.isugift.org to learn more about including the Iowa State University Foundation in your will. Contact us at 800.621.8515 to learn more about topics covered in this newsletter or another topic that interests you.

TOTAL SUPPORT TO CAMPAIGN IOWA STATE >> STUDENT SUPPORT - $235 MILLION GOAL An additional 640 scholarships for Iowa State undergraduate and graduate students have been established during Campaign Iowa State.

>> PROGRAM SUPPORT - $195 MILLION GOAL

Fifteen campus facilities have been constructed or renovated during Campaign Iowa State.

make gifts to show their support for Iowa State.

Faculty $153 million

Total: $742 million

Students $224 million

Gifts and commitments as of December 31, 2009

The Unwanted Inheritance Although your IRA may have taken a hit recently, it likely remains one of your biggest assets. While this plan is a good solution for retirement, it is not a great option for passing on an inheritance. The reason? IRAs and other retirement assets are taxable income when received by individual beneficiaries — therefore, the funds are exposed to income taxes.

A CHARITABLE SOLUTION If you’ve thought about making a gift to the Iowa State University Foundation, consider giving IRA assets to us and giving other assets that are not as heavily taxed to family members. As a nonprofit organization, Iowa State is tax-exempt, so we can use 100 percent of your IRA. To start the process: > Contact your IRA administrator for a change of beneficiary form. > Name us and the gift percentage on the form. > Return the form to your IRA administrator.

If you have any questions about providing support to Iowa State through your IRA, please feel free to contact us at 800.621.8515.

©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.

U N I V E R S I T Y

F O U N D A T I O N

NSIGHT I S A C H A R I TA B L E P L A N N I N G G U I D E F O R I S U A L U M N I A N D F R I E N D S WINTER 2010

RON AND MARLA FRANKLIN: DISCOVERING THE POWER OF A PLAN

Campaign Iowa State’s goal has been surpassed but additional programmatic support is needed throughout campus.

private gifts and grants that benefit thousands of generous benefactors

Programs $241 million

S T A T E

Since Campaign Iowa State commenced, 62 endowed faculty positions have been created.

>> FACILITIES SUPPORT - $155 MILLION GOAL

YOUR IRA:

Facilities $124 million

>> FACULTY SUPPORT - $215 MILLION GOAL

dedicated to securing and stewarding Iowa State University. Each year,

I O W A

YOUR PLAN FOR SUCCESS As life changes, so should your will. Make sure your will matches your intentions by keeping it current. Send back the enclosed reply card to receive a complimentary guide of 15 Reasons to Update Your Will.

HOW TO REMEMBER IOWA STATE >> UNIVERSITY IN YOUR WILL Share the following suggested wording with your estate planning attorney to add to your will or living trust. I give, devise and bequeath to the Iowa State University Foundation, a not-for-profit corporation, existing under the laws of the State of Iowa, and located at Ames, Iowa, ______ (percent of my estate, dollars, property, securities, etc.) to be used for ______ (however you wish for your gift to be used) at Iowa State University.

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

backyard conversation with their neighbor and attorney was all it took for Des Moines-area residents Ron and Marla Franklin to finally sit down and work on their estate plans.

“We were at an age where we needed a will,” says Marla, who is retired from her position as vice president for human resources at Allied Insurance. “We had no kids and didn’t want to spend a lot of money on a will. Our neighbor at the time said he would help us, so we took a six pack to the deck, and in the space of a couple of hours, we got it wrapped up.” The Iowa State University graduates realize that their estate planning was made easier because of their personal situation. “Our

Iowa State is involved in numerous worthwhile projects. It was important to us to continue

to support the university so even more can be done. —Ron Franklin

neighbor led us through the process,” says Ron, who retired as a managing director for the Principal Financial Group. “Basically, he was picking our brains to learn what was important to us. He kept asking the question, ‘What do you want to do with your assets that will make you feel good?’”

MAKING AN IMPACT THROUGH THEIR WILL Establishing a bequest in a will and naming the Iowa State University

To learn how you can easily provide support for future ISU students, go to www.foundation.iastate.edu/studentsupport.

Foundation as the beneficiary is the easiest and most popular deferred gift plan used by Iowa State alumni and friends. Donors may name the ISU Continued Inside

IN THIS ISSUE • How to Remember Iowa State in Your Will: 3 Easy Decisions to Make • Write a Check? Savvy People Think Twice • Your IRA: The Unwanted Inheritance • Total Support to Campaign Iowa State


ACTION LIST PLANNING MEASURES YOU CAN TAKE TODAY

OUR MISSION Iowa State University works to create, share and apply knowledge to make Iowa and the world a better place. The Iowa State University Foundation is a private non-profit organization

Send back the enclosed reply card to receive a complimentary copy of 15 Reasons to Update Your Will. Visit www.isugift.org to learn more about including the Iowa State University Foundation in your will. Contact us at 800.621.8515 to learn more about topics covered in this newsletter or another topic that interests you.

TOTAL SUPPORT TO CAMPAIGN IOWA STATE >> STUDENT SUPPORT - $235 MILLION GOAL An additional 640 scholarships for Iowa State undergraduate and graduate students have been established during Campaign Iowa State.

>> PROGRAM SUPPORT - $195 MILLION GOAL

Fifteen campus facilities have been constructed or renovated during Campaign Iowa State.

make gifts to show their support for Iowa State.

Faculty $153 million

Total: $742 million

Students $224 million

Gifts and commitments as of December 31, 2009

The Unwanted Inheritance Although your IRA may have taken a hit recently, it likely remains one of your biggest assets. While this plan is a good solution for retirement, it is not a great option for passing on an inheritance. The reason? IRAs and other retirement assets are taxable income when received by individual beneficiaries — therefore, the funds are exposed to income taxes.

A CHARITABLE SOLUTION If you’ve thought about making a gift to the Iowa State University Foundation, consider giving IRA assets to us and giving other assets that are not as heavily taxed to family members. As a nonprofit organization, Iowa State is tax-exempt, so we can use 100 percent of your IRA. To start the process: > Contact your IRA administrator for a change of beneficiary form. > Name us and the gift percentage on the form. > Return the form to your IRA administrator.

If you have any questions about providing support to Iowa State through your IRA, please feel free to contact us at 800.621.8515.

©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.

U N I V E R S I T Y

F O U N D A T I O N

NSIGHT I S A C H A R I TA B L E P L A N N I N G G U I D E F O R I S U A L U M N I A N D F R I E N D S WINTER 2010

RON AND MARLA FRANKLIN: DISCOVERING THE POWER OF A PLAN

Campaign Iowa State’s goal has been surpassed but additional programmatic support is needed throughout campus.

private gifts and grants that benefit thousands of generous benefactors

Programs $241 million

S T A T E

Since Campaign Iowa State commenced, 62 endowed faculty positions have been created.

>> FACILITIES SUPPORT - $155 MILLION GOAL

YOUR IRA:

Facilities $124 million

>> FACULTY SUPPORT - $215 MILLION GOAL

dedicated to securing and stewarding Iowa State University. Each year,

I O W A

YOUR PLAN FOR SUCCESS As life changes, so should your will. Make sure your will matches your intentions by keeping it current. Send back the enclosed reply card to receive a complimentary guide of 15 Reasons to Update Your Will.

HOW TO REMEMBER IOWA STATE >> UNIVERSITY IN YOUR WILL Share the following suggested wording with your estate planning attorney to add to your will or living trust. I give, devise and bequeath to the Iowa State University Foundation, a not-for-profit corporation, existing under the laws of the State of Iowa, and located at Ames, Iowa, ______ (percent of my estate, dollars, property, securities, etc.) to be used for ______ (however you wish for your gift to be used) at Iowa State University.

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

backyard conversation with their neighbor and attorney was all it took for Des Moines-area residents Ron and Marla Franklin to finally sit down and work on their estate plans.

“We were at an age where we needed a will,” says Marla, who is retired from her position as vice president for human resources at Allied Insurance. “We had no kids and didn’t want to spend a lot of money on a will. Our neighbor at the time said he would help us, so we took a six pack to the deck, and in the space of a couple of hours, we got it wrapped up.” The Iowa State University graduates realize that their estate planning was made easier because of their personal situation. “Our

Iowa State is involved in numerous worthwhile projects. It was important to us to continue

to support the university so even more can be done. —Ron Franklin

neighbor led us through the process,” says Ron, who retired as a managing director for the Principal Financial Group. “Basically, he was picking our brains to learn what was important to us. He kept asking the question, ‘What do you want to do with your assets that will make you feel good?’”

MAKING AN IMPACT THROUGH THEIR WILL Establishing a bequest in a will and naming the Iowa State University

To learn how you can easily provide support for future ISU students, go to www.foundation.iastate.edu/studentsupport.

Foundation as the beneficiary is the easiest and most popular deferred gift plan used by Iowa State alumni and friends. Donors may name the ISU Continued Inside

IN THIS ISSUE • How to Remember Iowa State in Your Will: 3 Easy Decisions to Make • Write a Check? Savvy People Think Twice • Your IRA: The Unwanted Inheritance • Total Support to Campaign Iowa State


I O W A

S T A T E

U N I V E R S I T Y

F O U N D A T I O N

YOUR WILL IS A VOICE THAT WILL EXTEND THROUGH TIME. WHAT WILL YOURS SAY? □ Please send me the COMPLIMENTARY guide 15 Reasons to Update Your Will.

Name(s)—Please print.

□ I’d like more information about estate and gift planning.

Telephone

E-mail

□ I’ve included Iowa State University Foundation in my estate plans (and haven’t previously notified you).

Address City, State

Thank you for supporting our important mission!

ZIP

We respect your privacy! Information collected here will be kept strictly confidential. It will not be sold, rented, loaned or otherwise disclosed, and it will not be used in ways to which you have not consented.


http://www.foundation.iastate.edu/docs/insights/winter10  

http://www.foundation.iastate.edu/docs/insights/winter10.pdf

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