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It Doesn't Matter How You Give…


Robert Meyer '74 is supporting Southeast through a gift of life insurance.

Robert Meyer's memories of Southeast Missouri State University's campus began long before he walked across it to get to classes. He remembers riding his bike over the hills underneath the trees prior to college, as he grew up just a block from campus. His father, August R. "Gus" Meyer, started his career at Southeast in 1960 and retired in 1986.

"I have a long history with Southeast," Robert says. "I went to elementary school on campus. Some of my best friends, I met there."

Long after elementary school, Robert returned to Southeast and received a Bachelor of Science in business administration in 1974. While there, he found something else.

"I met my wife, Becky, at Southeast. We met in American history class. We both lived in Towers."

After marriage and graduation, his history with Southeast took a hiatus as the Meyers focused on work and family.

"Our daughter, Katie, graduated from Southeast and I became reenergized in the last 10 years or so," Robert says. "I wanted to support the University, but at the time I couldn't contribute significantly financially, so I gave my time."

There Isn't Just One Way to Contribute
Robert is a big believer that the University and its students can benefit by whatever alumni have to offer—gifts, time, ideas. The support is what's imperative. He became involved in the Alumni Association, the St. Louis Advisory Council and the board of the Southeast Missouri University Foundation.

"I don't think we stress to alumni how many different ways there are to contribute," he says. "I'm a good example. I wasn't able to make a large financial investment initially, but I've come to understand that anything can be very impactful—$20 a month helps, a $500 annual scholarship means everything to a student who needs it."

Robert hopes new graduates will get involved, though he admits giving of time is difficult, too.

"Time and service are things we can all do, but those things aren't easy either. We all complain about not having enough time, but when I have given my time, I've reconnected with people I knew, I've met new Southeast alumni and staff, I've created another circle of friends and business contacts, and that's a great payback for the time I invested," he says.

Have You Considered This Easy Way to Donate?
After investing his time and financial gifts in the form of a scholarship in his father's name, Robert looked for other methods to support the University.

"I had a conversation with Trudy Lee at the Foundation," he says. "I wanted to make a very impactful financial contribution. I couldn't make a significant lump sum contribution then, but I knew at some point I could."

The solution Robert and Trudy came to was to take advantage of the benefits of a life insurance policy. Trudy says there are various techniques offering a range of tax benefits and flexibility while increasing philanthropic support. Three common ways to utilize life insurance are:
1. changing the beneficiary designation;
2. transferring ownership of a paid-up life insurance policy; or
3. establishing a new policy with a charity as owner and beneficiary.

"Robert established a new life insurance policy to support Southeast," Trudy says. "The Southeast Missouri University Foundation is the owner and beneficiary of the policy, so Robert receives a tax deduction for the premiums he pays on the policy and Southeast will receive the proceeds in the future."

"It was so easy," Robert says. "It was as simple as putting my agent in touch with Trudy. Everything was straightforward. The only downside is I won't be here to see it, but knowing it will be a significant contribution that will benefit the University is a great thing."

How Can You Help?
Contact Trudy G. Lee, Ed.D. at 573.651.5935 or 888.812.3769 or to discuss your options.

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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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