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Increasing Ball State's Assets With a Gift of Stock


It was a hands-on approach that led Stefan (Steve) and Joan Anderson to their lasting relationship with Ball State University.

The retired chairman and CEO of Muncie's First Merchants Corporation, Steve served as chair of Wings for the Future, Ball State's first capital campaign. It was during that campaign that he and Joan established the Dr. T.M. Anderson Scholarship program. Named after Steve's father, this scholarship is awarded to Honors College students studying history. The Andersons utilized appreciated stock for the initial and subsequent gifts to the Anderson fund. In fact, the scholarship was initially funded with highly appreciated stock purchased by Dr. T.M. Anderson himself more than 50 years ago.

After an early career with IBM and knowing she was in line to become president of the local Girl Scout Council, Joan decided to pursue a master's degree in management at Ball State, which she completed in 1990. Steve was an organizer and initial chair of the Miller College of Business Executive Advisory Board. It was the couple's involvement with an immersive learning class at the Virginia Ball Center for Creative Inquiry that truly cemented their commitment to Ball State.

"We were able to travel with the students to London and got to know each of them very well," says Joan. "The program encouraged us even more to financially support the bright students at Ball State."

When deciding upon the method of supporting Ball State further, the Andersons chose an option with great benefits.

"We have used appreciated stock instead of cash to support every major campaign of the university, and I like to think we have benefited as much as Ball State," says Steve. "It was easy; it helped us diversify our assets, and it meant lower taxes in the long run. We think it's a smart way to give to a wonderful university!"

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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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