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Rewarding students who get involved

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"Activities take away time you have to earn money by working a job. So this is a way to relieve the debt load or some of the debt burden that students may have with loans." —Aaron Otto '98

"If all there was to a university was truly classroom learning, you could make a strong argument for doing it remotely and not leaving your room or your house," Aaron Otto says. "But I believe there's so much more to the experience outside the classroom as well and the culture and interaction that takes place through campus involvement and campus leadership in student groups."

Aaron's passion for campus involvement and his love of Kansas State University have inspired him to support four areas of the university:

  1. the political science department;
  2. leadership studies;
  3. the alumni association; and
  4. the Delta Chi fraternity.

Joining in
Aaron, a first-generation K-State graduate, embraced his college experience with gusto, joining a fraternity, getting involved in student government, running for student body president and serving as student body vice president. He graduated in 1998 with a degree in political science and minors in business and leadership studies.

Aaron feels fortunate to have been on campus for the beginning of the leadership studies program.

"I didn't think there was any chance leadership studies would come to be a formal minor prior to my graduating," he says. "By 1996 they got approval to offer it in 1997 through the College of Education and I happened to be a fifth-year student, so I got to be in the first class of leadership studies.

"It teaches terribly important traits cutting across any major and would be a definite bonus to any degree because of the leadership it teaches."

Scholarships for active students
Extracurricular activities on campus were extremely important to Aaron during his time as an undergraduate and he's set up his scholarships to be awarded to those who get involved.

"Activities take away time you have to earn money by working a job. So this is a way to relieve the debt load or some of the debt burden that students may have with loans," Aaron says. "These were set up to allow people to recognize and celebrate their involvement in student government, a campus club or Greek life.

"Since these students are making the sacrifice to provide programming, to provide leadership in terms of decision-making, this is a way to offset time they spend in meetings or organizing or planning something when they could be making money themselves to try to reduce their debt load. So I see it as a direct offset and almost as a thank you for their involvement and their service."

Two great gifts
Two great gifts that people have are their time and treasure. Aaron gave of his time while a K-State student and he continues to give his time to K-State in many ways.

He began his involvement with the alumni association while a graduate student in Washington, D.C., and is currently the chair-elect of the KSU Alumni Association Board of Directors. Aaron continues to stay involved with his fraternity, Delta Chi, where he serves as the international treasurer and local chapter advisor at Kansas State and is on the Leadership Studies Advancement Council.

While very generous with his time, Aaron also wanted to contribute to K-State financially but thought he'd always be limited to giving a little bit at a time.

"I was looking for ways to leverage the disposable dollars or discretionary dollars that I did have available and where I wanted them to go and investigated the deferred giving option," he says.

"Through the deferred giving option, I found a way to maximize the return on the investment of what I was paying toward a premium. And then some day in the future, hopefully far in the future, there would be a large contribution to the university to help advance the academic mission and activities of the school."

Start crafting your legacy
Contact the Gift Planning Office at 785-532-6266 or giftoptions@found.ksu.edu to discuss your options.

eBrochure Request Form

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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.

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