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KSU Foundation

Estate gift helps Michigan student achieve K-State dream

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Marie Feldpausch prepares pumpkin bread during a meeting of K-State's Bakery Science Club.

When Marie Feldpausch decided to major in bakery science and management, Kansas State University was the obvious choice. As the only university in the United States to offer the program, K-State holds global appeal for students interested in management, technical, sales and entrepreneurial careers in that field.

But for students like Marie, a sophomore from Hastings, Mich., earning a K-State degree means paying out-of-state tuition. As Marie quickly learned, though, nobody in the K-State family is on their own — and for that she's grateful.

More than 70 percent of K-State students receive some form of financial aid, and for many a scholarship represents the difference between staying in school or going home. Among other awards, Marie received the Levi E. and Hazel Zimmerman Milling Scholarship, established by Levi E. Zimmerman through a gift in his will.

"Knowing that people have set aside this money to help pay for my education makes me want to be the best I can to make them or their family proud," Marie said. "It also helps me set goals for myself, to be more focused and committed in my learning."

The cycle of giving
Endowed scholarships, like the Zimmerman Milling Scholarship, are invested as part of the KSU Foundation endowment to have a permanent and lasting effect on generations of K-State students. For Marie, that effect is twofold. Not only is it helping with her out-of-state tuition, but it encourages her to think about how she can make a difference.

"When I'm older and looking into charitable donations, scholarships will be an option," she said. "I'm benefiting now, and I want to give back."

Plan today to make a difference tomorrow
Contact The Gift Planning Office at 785-532-6266 or giftoptions@found.ksu.edu to learn about your options for supporting K-State and our students.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to the KSU Foundation 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, [name], of [city, state, ZIP], give, devise and bequeath to the KSU Foundation [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 K-State 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 gift 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 receive an immediate federal income tax charitable deduction. 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 K-State as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 K-State 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 K-State where you agree to make a gift to K-State 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

Please provide the following information to view the materials for planning your estate.