Russell and Nancy Reinert endow a scholarship for seniors and graduate students in accounting
Russell Reinert knows how powerful the right investment added at the right time can be toward success. Equipped with his Kansas State University accounting degree and more than 45 years of accounting and banking experience, he has invested himself in his family, community and K-State. Recently, Russell and his family created the Russell and Nancy Reinert Accounting Scholarship to invest in K-State seniors and graduate students and help them finish strong.
"Our children were fortunate to receive a number of scholarships while attending K-State, but the scholarships were front-end loaded for the early years," Russell says. "Our scholarship is endowed specifically for seniors and graduate students majoring in accounting. We feel that many times there is a greater need for financial assistance as students near the completion of their degree."
Funding the scholarship
To fund the scholarship, Russell and Nancy worked with the KSU Foundation gift planning team and designated K-State — via the KSU Foundation — as a beneficiary of an individual retirement account (IRA) the Reinerts owned. With K-State as a named IRA beneficiary, the Reinerts are not only saving for their future now, they are helping upcoming students afford their own K-State accounting education.
"I encourage K-State alumni to regularly contribute to our fabulous university," Russell says. "It is world-class and only gets better as we fund the university's worthy programs. We also encourage fellow alumni to consider a legacy gift. K-State has been very good to all of us, and we can return the favor."
You can help K-Staters finish strong
Want to know how you can help future K-State students finish strong while you save money now? Visit us online at k-statelegacy.org and contact the Gift Planning team at 785-775-2000 or firstname.lastname@example.org.