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A Legacy of Education & Learning from Parents to Son to Southeast Students

Kent LibraryDon is ensuring the knowledge his parents instilled in him about the importance of education and learning will be carried forward to assist future students. Don credits his parents for cultivating a deep passion for education and learning in their children, which he has continued to share with others as a life-long educator. With the assistance of Southeast Missouri University, his parents’ legacy will be carried forward.

Don studied at Southeast Missouri State College in the 1960s and graduated with a Bachelor of Science, with a major in mathematics and minors in chemistry and literature. During his career as a professor and administrator, he has taught at several universities and is currently Professor Emeritus. He attributes his success, both as a student and as an educator to his parents, who made his formal education and all of its resulting opportunities possible.

His parents were rigorous advocates and supporters of education. The intrinsic as well as the practical value of an excellent education were continually emphasized.

Scholarships recognize support of parents
In recognition of his parents’ legacy and support, Don has worked with several officials at Southeast to create future or prospective scholarships for students. These scholarships will be funded from his estate or retirement plan and will impact the lives of students for years to come. Southeast is one of the beneficiaries of a portion of his estate or retirement plan. This is an excellent tax-wise strategy as the University will eventually receive these funds without paying undo taxes on the gift. This magnifies the impact of the gift to the University.

Additionally, part of Don’s generous gift is designated for the Kent Library. Don articulates: “Libraries are particularly important on campuses. Effective and supported academic libraries facilitate success for students and scholars. Having worked and collaborated with numerous academic librarians, I view libraries or information centers as critically important to the overall success of the college or university. Kent Library was integral to my success as a student at Southeast and helped me become the life-long learner that my parents hoped I’d be.”

Gift Allows Kent Library to Grow
Kent Library, the home of Southeast’s academic collections, including paper and digital, recently celebrated its 75th anniversary of service to Southeast’s students and faculty. Designed by Sadie Kent, the Library’s longtime head librarian, the Library continues to grow and evolve, supporting the instructional and scholarly needs of the University’s students and scholars. In addition, the past is preserved in Special Collections & Archives. State-of-the-art technology is also provided in the Heather MacDonald Greene Multimedia Center. Kent Library is an important center of learning on the campus.

As a result of the generosity and foresight of alumni such as Don, the University’s students will be supported and will continue to excel. Consider the opportunities to give to the University via formal gift planning. These gifts are special and make a significant difference. And Southeast’s students are the beneficiaries of these gifts.

Consider a Gift to Southeast
Contact Trudy G. Lee, Ed.D. at 573.651.5935 or 888.812.3769 or to learn how you can give to Southeast Missouri University.

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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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