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"Insuring" the Future of Southeast

Southeast Missouri State University is grateful to the many alumni and friends who, over the years, have chosen to make a difference in the future of the University and its students. A number of these generous individuals have discovered that incorporating life insurance into their charitable gift plans has resulted in much larger gifts than they originally thought possible. Today, visitors to Southeast's campus marvel at two of the most recent additions to campus—Robert A. Dempster Hall and the Otto and Della Seabaugh Polytechnic Building. Both of these state-of-the-art classroom buildings were made possible, in part, through life insurance.

In the early 1990s, Sikeston businessman and longtime Southeast supporter Robert A. Dempster, and his wife Lynn, established a life insurance policy that would eventually provide funding for the structure that bears his name. Dempster Hall is the current home of the Donald L. Harrison College of Business, named for another forward-thinking individual who incorporated life insurance in his charitable gift plan.

Several years later, Southeast alumni Otto and Della Seabaugh provided funds to build a home for the newly established School of Polytechnic Studies—as well as scholarships for its students—through a charitable gift plan that included a life insurance component. The Otto and Della Seabaugh Polytechnic Building stands as a monument to their foresight and planning, and many students have received an education thanks to their generosity.

Many other donors have given through life insurance to establish or add to endowed scholarships for students across campus—in the arts, education, business and the sciences. Others have utilized life insurance to provide faculty support or program funding for a chosen area of study, or have designated unrestricted funds to meet the future needs of the University.

These donors have found that a small investment in the premium to establish a new life insurance policy—or simplicity of changing the beneficiary designation on an existing policy that is no longer needed for its original purpose—can magnify their gift tremendously. The pages that follow provide more details on ways to "insure" the future of Southeast.

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 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.

Personal Estate Planning Kit Request Form

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