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Planned Giving

Professor Emeritus Joins Clock Tower Society

Barry Greenwald

Remembering how much textbooks cost for students, Barry Greenwald created a textbook scholarship in his estate plan. It's one way he's showing appreciation for what students did for him when he was teaching.

Barry Greenwald estimates he taught around 10,000 students in his more than 25-year career as an accounting professor at Missouri Western. His love for those students led him recently to include the University in his estate planning.

"I wanted to do something for the students more than anything," he said. "It's really showing appreciation for what the students did for me."

Barry, who was named professor emeritus of business when he retired in 2000, established the Barry Greenwald Endowed Textbook Scholarship to help future students pay for textbooks. He remembers how expensive textbooks were for students when he was teaching and thought his endowment would be a great way to help students. Preference will be given to business majors.

After graduating from the University of Denver and becoming a CPA, Barry worked for a time in Denver. He then taught at Southeast Missouri State University in Cape Girardeau for four years before joining the Missouri Western family in 1974.

Barry said that when he was teaching, it became a habit to sit in the hallway prior to his class time, and invariably students from his class would approach him with questions or to request an explanation of a lesson.

"I really enjoyed working with students and explaining the reasons why we did things; it was fun to see them learn," he said. Barry is very proud of the success of his students as well.

Barry chose to make Missouri Western part of his estate because, when he passes away, he wants to be remembered as giving something to the University.

"I can't call Missouri Western my alma mater, but it was mine for 27 years," Barry said. "It's where my heart is."

You, too, have a place at Missouri Western and can make the gift of an education possible for our students. To learn more, contact Kim Weddle at 816-271-5648 or weddle@missouriwestern.edu.

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A charitable bequest is one or two sentences in your will or living trust that leave to Missouri Western State University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Missouri Western State University, a nonprofit corporation currently located at 4525 Downs Drive, Saint Joseph, Missouri 64507, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

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You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Missouri Western State University Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Missouri Western State University Foundation as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

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