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KSU Foundation

A family's commitment to education

Bev and Rod Nash's gift to mechanical engineers of the K-State family

Rod and Bev Nash

Rod and Bev Nash

In 1967, Rod Nash graduated from Kansas State University in mechanical engineering and earned his master's degree two years later. By 1971, he was recognized with K-State's Commerce Bank and W.T. Kemper Foundation Outstanding Teaching Award. Bev Schneider Nash also graduated from K-State with a bachelor's degree and a master's in human ecology education. Until her retirement, Bev taught middle school students in the Buhler, Kansas, school district.

Powered by a conviction that education matters to Kansans and inspired by Rod's machine design class professor, Dr. Bill Monday, the Nashes chose a variable annuity to create a tax-deferred gift to advance K-State. They established an endowed scholarship and a mechanical engineering excellence fund, which assist K-State undergraduate mechanical engineering students pay for college.

Bev Nash

Bev Schneider Nash

"We all know how hard the state government has been on education, from kindergarten to graduate school, the last few years," Rod says. "Hopefully, the students receiving scholarships can complete their degrees and become successful design engineers. I hope all Kansans who can assist higher education in these times will find a way to contribute to K-State in a way that will work in their particular situation."

Giving students the resources to succeed and opportunity to work on actual design projects is important to this family of education advocates.

Rod Nash

Rod Nash

"If you are considering a career in engineering, by all means look into K-State's mechanical engineering department," Rod says. "It has a long history as one of the better departments in the Midwest and will ensure students a very good background to take them wherever they want to go in their career."

Want to know how you can become a purposeful partner with K-State and support students now and in your retirement? Visit us online or contact the Gift Planning team at 785-532-6266 or giftoptions@ksufoundation.org.

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 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 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 K-State 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 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.