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KSU Foundation

Son of lifelong educators supports future teachers with gift in his will

Brad Stauffer created the Stauffer Scholarship Fund in Education with his wife, Judy, to provide a pipeline of quality educators for future generations.

Brad Stauffer created the Stauffer Scholarship Fund in Education with his wife, Judy, to provide a pipeline of quality educators for future generations.

For the son of career educators from Emporia, Kansas, there was a natural inclination to help future teachers earn degrees at Kansas State University.

"Education is the great equalizer. Teaching and public education is fundamentally what secures our freedoms and our American way of life," said Brad Stauffer, who worked 17 years in communications for Topeka Public Schools and now works for the University of Nebraska-Lincoln's College of Education and Human Sciences.

Creating a legacy
With his wife, Judy, he created the Stauffer Scholarship Fund in Education for K-State students. A bequest in the their will supplements their current giving toward the fund, allowing the couple to make a difference for students now and continue that impact after their lifetime.

"We have an annual opportunity to sit down over dinner and talk with our scholarship recipient and get to know [him or her] a little better," he said. "You can see firsthand that you're really helping somebody and they really appreciate that assistance."

Stauffer, a 1982 K-State graduate, expressed his excitement about leaving a legacy gift that reflects a love for K-State and support for educators.

"Ultimately, that will strengthen our schools and provide students with quality teachers. And in turn, those students will be successful," he said. "I guess you could call it the K-State circle of life."

Make a difference
To learn how you can help students with a legacy gift in your estate plan, contact the Gift Planning team at 785-532-6266 or giftoptions@found.ksu.edu.

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 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

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