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Innovative Giving


Rick Hetzel and Cheryl Mothes strongly believe in philanthropy and in giving of oneself for the welfare of others. They unselfishly donate their time and financial resources to several charities in the Cape Girardeau area as well as Southeast Missouri State University.

"We love supporting our church, the Humane Society of Southeast Missouri, the Safe House for Women, Zonta Club, United Way, SEMO Alliance for Disability Independence and Southeast Missouri Network Against Sexual Violence. There are so many great organizations in our community," says Cheryl.

With a little help from the Southeast Missouri University Foundation, Rick and Cheryl recently found a way to increase the size of their bequest to the University and a few other charities - just by changing their method of giving.

"Rick and I purchased a life insurance policy to support three charities upon our passing, and one policy will fund a scholarship in Rick's name for the Department of Criminal Justice and Sociology at Southeast. The life insurance policy not only allowed us to support these charities, but it enabled us to increase bequests to other charities we support, including the Department of Nursing at Southeast. Director of Planned Giving Trudy Lee connected us with the Renaissance Charitable Foundation, who administers the policy and will manage the distributions when the time comes," explains Cheryl.

"By utilizing the life insurance gift and leaving this policy to three charities, it allowed me to increase the portion of my trust that will go to the Foundation on behalf of the Department of Nursing. The life insurance method is a great tool!" Cheryl says.

What's even more amazing about Rick and Cheryl's contributions to the University is the fact neither of them attended Southeast. Rick earned his undergraduate degree in business from Columbia College and a master's degree in administration of criminal justice from Webster University. He is now a businessman involved in real estate investments, international golf travel and Internet publishing. Cheryl has a bachelor's degree in nursing from Pittsburg State University, a master's degree in nursing from Wichita State University and a Master of Business Administration degree from Washington University. She is now a financial advisor with Edward Jones.

Although they didn't attend Southeast, both Rick and Cheryl say they have seen the impact an education from Southeast provides for both the students and the community. Their planned gifts supporting their respective programs will help the University continue to fulfill its educational mission, even after Rick and Cheryl have passed on.

"I am very pleased to have been afforded the opportunity to serve my country through the United States Army and my service in law enforcement," says Rick. "As a former chief of police in Cape Girardeau, I had the privilege of working with many law enforcement officers who graduated from the criminal justice program at Southeast or who attended the Law Enforcement Academy at Southeast. It is my hope this scholarship program will assist future generations who wish to continue to serve and protect our citizens and communities through law enforcement careers."

"Though I didn't attend Southeast, as a former nurse and hospital administrator at Saint Francis Medical Center, I was impressed with the University's nursing department and know how instrumental the nursing programs in our community are to elevating patient care to the highest standards. Nursing is a fabulous profession, and I want to always support those who care for others, so it was an easy decision to include the nursing program in our estate plan," Cheryl says.

"We know charities depend on and greatly need our contributions in an ongoing way, so we didn't want to reduce the giving we currently provide. The life insurance method provides tremendous ‘leverage' in that many times the amount we pay in a premium each year will go to the charity, and the premium is also tax deductible," explains Cheryl.

Looking to the future, Rick and Cheryl say their plans are simple: to work toward achieving their career goals while continuing to serve their organizations and those in need.

In their spare time, Rick and Cheryl enjoy hiking, biking, golfing and, obviously, volunteering. The couple resides in Cape Girardeau, Mo.

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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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