"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.