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KSU Foundation

Honoring the past, giving for the future

fairchild-anderson.jpg

This late 19th century view of Fairchild Hall (left) and Anderson Hall (right) demonstrates how much the K-State campus has changed in 150 years.

"Previous generations before us had a vision and that's how the university started. The previous generations gave us opportunities, so if we don't look after generations after us, what opportunities would they have? If we don't do it now, who will?" asks Laurel Erickson.

Laurel and her husband, Larry, took that philosophy to heart and established charitable gift annuities with the KSU Foundation in the amount of $150,000 in honor of K-State's 150th anniversary.

"It seemed like a logical way to celebrate the 150th anniversary in terms of something that seemed doable and appropriate. Giving a gift annuity is a different way to contribute than just giving the university $150,000. It seems to be a logical way for us to move toward retirement and have retirement income. We see this as a win-win opportunity, as it's good for K-State and it's good for us."

Laurel and Larry, who live in Manhattan, Kan., are K-State graduates and Larry is a professor of chemical engineering.

"I feel that Kansas State University and other universities are an important part of the society we live in and that many good things happen to students who come here," Larry says. "A university with a research program does things that have a significant value, so we feel that's a good reason to contribute."

"When I was an out-of-state student in 1957, I paid $199 a semester in tuition and fees. Now it's much more, and the state has not kept supporting the university as well as it did in the past, so there is a greater need for philanthropic support."

Laurel encourages others to contribute to K-State as well.

"With the 150th anniversary, wouldn't it be great if a person had 150 pennies or 150 dollars or 150 thousand or 150 million, to be able to do something with it—contact the university and explore all the different programs where they might have an interest."

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 give to the KSU Foundation, a nonprofit corporation currently located at Manhattan, KS, 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 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.