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Planned Giving

Gift Honors Hard-Working Educators

Fricks Establish Scholarship for English Teachers

Lyman and Dr. Jane Frick pledged their support for Missouri Western State University through a charitable remainder trust.

Lyman and Dr. Jane Frick pledged their support for Missouri Western State University through a charitable remainder trust.

"We've watched the University grow and mature, and become a strong regional presence. It's been such a major part of our lives and we are proud of it."

That, says Dr. Jane Frick, professor emerita of English, is why she and her husband, Lyman, recently established the Jane and Lyman Frick English Scholarship at Missouri Western. With an outright gift and a pledge with a charitable remainder unitrust, the gift will total approximately $250,000.

"A charitable remainder unitrust is a good estate planning tool," Lyman says. "And it is good for a nonprofit organization."

Jane retired from Missouri Western in 2012 after 40 years of service. Lyman served as president of the MWSU Foundation Board of Directors and as an adjunct professor during his long career in the banking industry.

Jane was the director of the Prairie Lands Writing Project for 13 years and is still involved in the program, which means she works closely with teachers throughout the region. That was why she wanted the scholarship to give preference to English language arts teachers who are returning to Missouri Western to earn a master's degree. Undergraduate students pursuing a certification to become secondary English language arts teachers are also eligible for the scholarship.

"Teachers work so hard and are paid so little," Jane says. "We wanted to help teachers who are struggling financially but want to pursue their passion and earn a master's degree."

"The cost of education is so high, but a scholarship makes it available to a broader array of folks," Lyman said. "At Missouri Western, you get so much more bang for your buck."

Help Reduce the Cost of Education
Contact Kim Weddle at 816-271-5648 or weddle@missouriwestern.edu to learn more ways you can plan a gift to support a student at Missouri Western.

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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.

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