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A Gift to Last Beyond a Lifetime

Hundreds of Southeast Students to Receive Scholarships

James Drickey, Ph.D.If you remember professor James Drickey, Ph.D., from your time at Southeast, chances are he made an impact on what you are doing today. During James' 35-year career as a professor at Southeast, he certainly influenced and guided many students to successful careers in education and psychology.

From 1956 to 1991, James shared his passion for education with Southeast students in the classroom. In 2013, James passed away, but his legacy will continue to make a real difference at Southeast.

Crafting a Meaningful Gift
More than a decade after his retirement, James felt he could continue to make a difference at Southeast by taking up a slightly different role.

Having grown up in a family without the financial means to support his educational dreams, James was fully aware of the importance of scholarships to students wanting to pursue a higher education.

In 2004, James worked with Southeast Missouri University Foundation to establish two endowed scholarships—the Dr. James M. Drickey Elementary Education Scholarship and the Dr. James M. Drickey Psychology Scholarship.

For the rest of his life James enjoyed knowing that students were benefiting from these scholarships every year.

The Impact of a Legacy
James' generosity was not fully realized until the summer of 2014, when the foundation received a $4.4 million gift from his estate to add to these endowments.

By designating Southeast Missouri University Foundation as the residuary beneficiary of his estate, James has ensured that generations of Southeast students will have the opportunity to pursue their educational and career goals.

The Dr. James M. Drickey Elementary Education Scholarship will provide more than $100,000 to elementary education majors each year.

The more than 100 elementary education students meeting scholarship criteria will receive $200 this fall to assist with leasing an iPad as part of the College of Education's EDvolution. Other students will receive financial assistance to participate in a new student teaching experience in Iquique, Chile, and another opportunity at the Center for Strategic and International Studies, a Washington, D.C. think tank.

The Dr. James M. Drickey Psychology Scholarship will provide more than $100,000 to students enrolled in the College of Liberal Arts majoring in psychology.

As professor emeritus of psychology, James would be pleased to know his generous gift comes at a time of growth and expansion in the department of psychology.

These scholarships will support deserving students who might not otherwise be able to afford to achieve their goals, both at the undergraduate and the graduate level—for students will have the opportunity to enter a new master's degree program beginning in fall 2016.

Join the Movement
James' gift is part of Southeast's Honoring Tradition, Inspiring Success comprehensive campaign, through which many alumni, faculty, staff and friends have generously provided support for Southeast students.

"Our success to date with the campaign is a direct result of donors and alumni responding to our call to help student," President Kenneth W. Dobbins noted during homecoming 2014. "This is, and continues to be, a hallmark of Southeast Missouri State University—people helping people—making a difference in people's lives."

Southeast's Honoring Tradition, Inspiring Success comprehensive campaign continues through June 30, 2015.

Make a Difference
By giving to the Southeast Missouri University Foundation you are helping to make sure that no deserving Southeast student cannot afford his or her education.

A planned gift benefitting the foundation will help support the opportunities that make Southeast a world-class academic institution. A gift through your will or trust is an easy way to give back that won't have you giving up assets today.

Contact Trudy G. Lee, Ed.D. at 573.651.5935 or 888.812.3769 or tglee@semo.edu for personalized information on a giving plan that fits your lifestyle.

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A charitable bequest is one or two sentences in your will or living trust that leave to the Southeast Missouri University 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 Southeast Missouri University Foundation, Cape Girardeau, Missouri, 63701, [the sum of _____] or [_____% of the rest, residue and remainder of my estate, both real and personal] for its charitable purposes in support of Southeast Missouri State University [for its unrestricted use] or [to establish the _____________ Fund]."

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 Southeast 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 Southeast 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 Southeast 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 Southeast where you agree to make a gift to Southeast 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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