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Crader and Family Put Donor Advised Funds to Work


The donor advised fund is a unique program for charitable planning allowing donors to establish an account while enjoying several benefits not available through other types of donations.

"The donor advised fund enables people to make a contribution now and direct the contribution to other charities in the future," says Crader, a four-year member of the University Foundation. "Donations can go to sports programs, theatre, scholarships or wherever you want your money to go. A common misconception about the donor advised fund is that you are essentially committing ‘x' number of dollars to the University. You don't have to make a donation directly to the University, just to a program or area associated with the University. You can also make grants to other charities outside the University.

"You can finance your fund in a number of different ways, including cash, appreciated stock or real estate, among others," says Crader.
Crader will be publishing a novel in the near future, with the proceeds going to his family's donor advised fund. Through his fund, a portion of his donation will sponsor a series of lectures on the American Founding Fathers through Southeast's Department of History.

One of the biggest selling points for Crader was the fund's ability to encourage family participation in philanthropy. Children and grandchildren can be named on the fund and therefore participate in the decision of how to use funds.

Crader says the University Foundation was extremely helpful in providing him with all the materials he needed to learn about the fund and how to set one up. It also provided him with information regarding the different areas and programs to which funds can be distributed at Southeast.
Crader and his family have supported the University for some time and in several different areas. In addition to the lectures he will sponsor through the Department of History, he has also donated to purchase various equipment for the University and River Campus as well as having a faculty office at the River Campus named in his mother's honor. He is also a member of the Booster Club.

The remarkable thing about Crader's generosity to the University is that neither he nor his wife attended Southeast.

"With the cost of education steadily increasing and government support decreasing, student costs are going up. It's important that, as a country, we provide higher education at costs that allows students to attain one. We have to make money available for students to take some of the financial burden off them."

Crader is president of Crader Distributing Company (CDC), a wholesale distributor of STIHL Outdoor Power Equipment.

To learn more about how you can make a difference to Southeast through donor advised funds, contact us at 573.651.5935 or 888.812.3769.

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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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