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Bequest Increases Funds for CAP Scholarship


Ron Menze

A typical architectural student, Ron Menze (B. Arch '79) was immersed in the all-consuming curriculum of the architecture program at the College of Architecture and Planning (CAP). Extracurricular activities were not in the scheme for this Fort Wayne native - just books, projects, and a lot of hard work to get to the goal of graduation.

This nose-to-the-grindstone approach continued after Ron left Ball State. After working in Atlanta for two years he returned to work for a firm in his hometown, becoming partner in 1991 at Morrison Kattman Menze, an award-winning architecture, planning, and interior design practice in downtown Fort Wayne. The firm's specialties include hospitals, medical office space, libraries, education, and designs for aging.

"I have enjoyed seeing our firm have steady growth even in the tough economy," Ron says.

Many Ball State alumni also work at the firm, including all the partners. To give back to the institution that helped build their company and careers, Morrison Kattman Menze established an endowed student scholarship to support CAP students in 1993.

On a personal level, Ron has consistently made annual gifts to CAP since graduation, but he wanted to take it a step further. A bequest in his will was the next logical step.

"A larger gift is possible with my bequest," says Ron, whose estate gift will help increase the firm's endowment fund. "With a bequest I can still acknowledge my current needs while also recognizing Ball State as a huge influence in my life. CAP and Ball State have been an integral part of my success. I wish to share that success and those achievements now and in the future."

Ron says he found it quite simple to make a gift with the Ball State University Foundation, having many good resources for his consideration. Of course, he also worked closely with his professional advisor to come up with an estate plan that fulfilled both his financial and philanthropic goals.

"Ultimately, it is your decision. It is all about the planning ... something that architects should appreciate," he says.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Ball State 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 give to Ball State University Foundation, a nonprofit corporation currently located at 2800 W. Bethel Avenue, Muncie, IN 47304, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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 the foundation 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.

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 the foundation 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 the foundation 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 the foundation where you agree to make a gift to the foundation 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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