PLANNING FOR TOMORROW

FALL 2014
FOR
PLANNING TOMORROW
A much bigger world
Faculty relationships inspire couple’s estate plan
Kansas State University is more than the
place where Mel Stout learned about
landscape architecture. It’s where he
met professors who mentored him
throughout his long, successful career.
It’s the place where he has returned
time and again to mentor the next
generation. Perhaps most importantly,
it’s the place he met his wife.
A hometown friend introduced the
Paxico, Kansas, farm boy to Marsha
at a dormitory social mixer on campus.
The Mel and Marsha Stout Faculty Fellowship for Landscape Architecture, created
through a bequest in their estate plan, will support faculty teaching and research.
“It was all over for me then,” he said,
laughing.
a leader in multiple projects like the
groundbreaking 40-Mile Loop around
the metropolitan area.
After their graduation and marriage
in 1968, the couple moved to
Portland, Oregon, where Mel was
The couple always remained
supportive of the K-State Department
of Landscape Architecture and
Regional & Community Planning,
where Mel’s career began.
“Going to Kansas State made me
aware of a much bigger world and
that was fantastic,” he said.
Continued inside »
Look inside to discover why people like you chose to support
K-State and five ways you can make a difference this year.
FIVE WAYS
to benefit students befo
Make a difference with these smart donation o
Mel and Marsha Stout
A much bigger
world
» Continued from front
Mel’s commitment grew as he served
on the department’s professional
advisory board, and when planning
their estate, the couple included a
bequest to create the Mel and Marsha
Stout Faculty Fellowship in Landscape
Architecture. For Mel, it was a tribute
to the fresh-faced group of new
professors that meant so much to him
in the late 1960s.
“They taught me how to solve
problems while being mindful of
the land and environment, and how
to design for living in a sensitive
way with the environment,” he said.
“There are many facets to landscape
architecture, but I wanted to especially
promote design as evident in all the
things that we do.”
Through their estate plan, K-State
will now be the place where Mel and
Marsha Stout leave their legacy to help
sustain the faculty relationships that
meant so much to his life and career.
The end of the year will be here
before we know it. It is important
to start planning now for how you
want to make an impact this year.
There are many gift options from
which to choose, several of which
offer attractive benefits for you while
supporting our university. Here are
five popular ways to help before
the year comes to a close:
[1] Give cash. To document a cash
gift of any amount, you must have a
dated receipt from us. Make certain you
receive one. A cancelled check provides
sufficient documentation only for gifts
by check if they are less than $250.
[2] Give appreciated stock or other
property. When you give property to
the KSU Foundation, we’ll sell it and
you’ll eliminate all the capital gains tax
you would have paid had you sold it.
Your gift will be deductible at its full
fair market value on its date of delivery
if you have held it for more than a year.
[3] Invest in a life income plan. A
life income gift provides you with
payments for the rest of your life and
K-State with support thereafter. If you
use appreciated securities that you’ve
owned longer than a year to fund the
gift, you will be entitled to an income
tax deduction based, in part, on the
We want to hear from
Many of you have chosen to exten
gift to Kansas State University in y
a difference well beyond your life
influences our capacity to serve fu
is an important benchmark towar
university by 2025. By sharing you
plan for the future and ensure tha
Please use the enclosed survey
ore Dec. 31
options
charitable portion of the securities’
full value, in addition to eliminating
up-front capital gains tax.
[4] Give real estate, artwork or
other tangible personal property.
Give property that would have
resulted in the greatest capital gains if
you would have sold the asset instead.
[5] Donate an insurance policy. A
gift of a life insurance policy you no
longer need makes a perfect gift. To
qualify as a deductible gift, the KSU
Foundation must become the policy
owner. For most types of insurance
policies, your tax deduction is usually
the cost basis or the fair market value
of the policy — whichever is less.
Return the enclosed survey to request
more information about the different
ways to make a difference this year.
m you!
nd your support into the future by endowing a
your estate plans, and we thank you for making
etime. Because the endowment size directly
uture generations of K-Staters, the endowment
rd our goal to become a top 50 public research
ur plans with us, you help us more accurately
at your gift will be used exactly as you intend.
to notify us of your intentions.
Did you know?
Across the Kansas State University campuses, there are countless
opportunities to support faculty, programs, students and facilities. Through
your personalized gift plan, you can specify the exact purpose or program
your gift will support. Email us at [email protected] to explore
how your vision and passion for K-State could fit with your financial and
estate plans.
“The ability of the university to build its
quality is dependent upon the type of
faculty it can attract. We are thankful
to be able to do what we can.”
— Peggy Edwards, Houston, Texas
Gary and Peggy Edwards’ estate plan supports faculty with the
Edwards Chair in Engineering.
“We wanted to provide the dean with
maximum flexibility to apply the funds
to the area of the school needing the
most help.”
— Jim Goins, Loveland, Colorado
Jim and Jane Goins’ estate plan supports emerging needs
through the College of Agriculture’s Dean’s Excellence Fund.
“I hope this is a perpetual reminder of
how much we human parents love,
treasure, and are inspired and fulfilled
by our unconditionally loving pets.”
— Alice White, Fredericksburg, Texas
Alice White’s estate plan benefits the College of Veterinary
Medicine’s Perpetual Pet Care Program.
RETURN your
survey to request
free guides!
Before you hit the road...
Uncover four ways to make
a gift in your will or trust and
find out if this donation option
is right for you in Make your
final wishes come true. Find
six ways to make an impact
without giving up security in
Creative ways to stretch your
charitable dollar.
Things mom never told you to pack
The anticipation that comes with
taking a trip is tough to beat. But
before you skip down the terminal
with your carry-on luggage, don’t
forget to complete all of the items
on your pretravel checklist, beyond
postponing your mail service,
setting the light timers and lining up
someone to water your plants.
While the possibility of having
an emergency is the last thing you
want to think about before taking
an extended trip, reviewing your
estate planning documents should
be at the top of your pretravel
checklist. Documents you should
review prior to traveling, and after
major life changes, include:
• A will. A will directs who you
would like to inherit your
property and assets when you die,
ensuring that your family, friends
and favorite causes receive the
consideration you intended.
• A durable power of attorney
for finances. This is a simple,
inexpensive and reliable way to
arrange for someone to manage
your finances if you are unable
to do so yourself.
• A power of attorney for
health care decisions. If you
become incapacitated because
of an accident or illness, you
will want medical decisions to
Gift Planning Department
2323 Anderson Avenue, Suite 500
Manhattan, Kansas 66502-2911
Phone: 785-532-7531 | Toll free: 800-432-1578
[email protected] | www.k-statelegacy.org
be made by someone you trust.
This document gives one or more
individuals the power to act on
your behalf in deciding your
medical care.
These documents should be easily
accessible and the person you select
should know where to locate them.
Most importantly, communicate with
your family to ensure they know what
to do if the unthinkable happens
while you’re away.
Don’t forget! You can easily support
K-State through your estate plan.
Contact us today to learn more.
Honoring Kansas State University alumni and
friends who have chosen to support the university
by including K-State in their estate plans.
© Kansas State University Foundation and The Stelter Company
The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to
change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.