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Planned Giving

How Will You Be Remembered?

Steven L. Craig added to his support of Missouri Western in 2015 with a gift to support MWU athletics. The university named Craig Field in his honor.

Steven L. Craig added to his support of Missouri Western in 2015 with a gift to support MWU athletics. The university named Craig Field in his honor.

You may have noticed that many of the buildings and landmarks on campus are named for significant members of the Missouri Western community. The Craig School of Business and Craig Field inside Spratt Memorial Stadium, Remington Hall, the Fulkerson Center and Spratt Memorial Stadium are just some of the spaces that have been named after generous donors to Missouri Western.

Benefactor Steven L. Craig pledged the largest gift in the Missouri Western's history, $5.5 million, in 2008 to establish the Steven L. Craig School of Business. Craig not only committed the funding, he has continued to work closely with the School of Business's franchise program and the alumni who are a part of it.

When Craig pledged the gift, which is now worth almost $8 million, he noted that, although he is a graduate of the University of Southern California, he wanted to give a gift to a university where it would make a great difference. In 2015, he pledged an additional $1.1 million to help build the video scoreboard in Spratt Memorial Stadium, and that gift is the largest individual gift in Athletics' history. That same year, Craig Field was named in his honor because of his continuous support and commitment to the university.

Remington Hall was named after Wes and Patsy '79 Remington by the Board of Governors to honor their gift of $5 million in 2007. The gift, at the time the largest gift in Missouri Western's history, was given to help build the new science and math facility.

Kim Weddle '00, director of development, noted that donors may choose to name a building or space after themselves, but often they may choose a name to honor someone else. On campus, for example, the Rochambeau Room in the Fulkerson Center was named in memory of the parents of Richard Rochambeau. Missouri Western also has memorial benches around campus that have been donated in memory of someone. Most recently, donors were given the opportunity to purchase bricks for the Victory Plaza near the renovated stadium. Many bought a brick in honor or in memory of someone.

"Naming something in honor or in memory of someone is an excellent way to recognize a person, and many donors choose this option when they have a naming opportunity," Kim says. Many scholarships are also named in memory of someone close to the donors, she adds.

Now Is the Time!
Explore your opportunity to create a legacy and have your name be a part of Missouri Western State University! For more information, contact Kim Weddle at 816-271-5648 or weddle@missouriwestern.edu.

eBrochure Request Form

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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."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

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

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Missouri Western State University Foundation or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

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.

A charitable gift annuity involves a simple contract between you and Missouri Western State University Foundation where you agree to make a gift to Missouri Western State University Foundation and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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