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KSU Foundation

"Take what you have and do something great with it"

Loyal K-State supporters Jesse and Lindsay Keeler have planned for their future and K-State's by creating an estate plan that designates a percentage of their estate's total value to their alma mater.

Loyal K-State supporters Jesse and Lindsay Keeler have planned for their future and K-State's by creating an estate plan that designates a percentage of their estate's total value to their alma mater.

When Jesse and Lindsay Keeler married in 2013, the couple made two very important decisions. Wedding colors — royal purple, of course — and how to combine their future financial interests into one estate plan.

"The process of combining my life with my wife's got me thinking about what kind of legacy I wanted to leave," Jesse Keeler said.

The biggest surprise came when his neighbor in Phoenix, Arizona, sat down to help prepare the couple's estate plan and revealed that he, like Keeler, was a graduate of Kansas State University.

"All those great memories from K-State came flooding back," Keeler said. "I thought I could go ahead and give a little back, and this seemed like a good way to do it."

Planting a seed for future growth
By designating a percentage of his total estate value, Keeler won't have to revisit his gift, but can let it grow over time as his estate value expands.

"If you have something you care about, spell it out in your will and determine where you want your assets and hard work to go," he said. "Hopefully, you've magnified that money over time, and now it can go to magnify someone else's life."

Although estate planning isn't always the foremost priority for young alumni, Keeler considered it a natural next step. It's something he wanted to do eventually, so he decided to go ahead and put the plan in place.

"Estate planning can be a really positive opportunity to talk about what we want to do with what we have and what kind of legacy we want to leave," he said. "Take what you have and do something great with it."

Plan your legacy
It's never too early to plan your estate! Request your Personal Estate Planning Course by contacting 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

Please provide the following information to view the materials for planning your estate.