Skip to Content

What Inspired a 28-Year-Old Donor to Consider Ball State in Her Estate Plans?

marc-hladik.jpg

Marci Hladik

A few years ago when Marci Hladik (BS '00) was only 28, like many young people, she had no plans for her estate if she happened to pass away. There was no legal documentation that her parents, friends, or other family members could reference to determine what to do with her finances or estate.

This proved to be a much bigger issue when she was involved in a car accident, leaving these questions lingering in the minds of those who cared for her.

Thankfully, she fully recovered and soon after established a living will so her family would know how to fulfill her medical wishes. But that still didn't address the issue of how to handle her finances, including her philanthropic aspirations.

She found out through her employer that she could designate a percentage of her life insurance policy to fund scholarship programs here at Ball State and worked with the Ball State University Foundation to create a planned gift of life insurance.

A Way to Give Without Affecting Her Income

"Even if you don't have a lot of money right now, life insurance is a way to give money in the future," she said.

Hladik first visited Ball State as a senior in high school and fell in love with the campus's tranquil atmosphere and helpful faculty. Her determination to help others and make a difference led her to study social work and to be introduced to Dr. Harry J. Macy, the head of the social work department at the time.

"My ultimate goal is to see the continuation of the social work program at Ball State," Hladik said. "I want students from all backgrounds to go into social work and any assistance I can give will help."

Her decision was to fund the Harry J. and Delpha S. Macy Scholarship. This program is for seniors studying social work who have a dedication to advancing the field. The scholarship is much needed due to the rigors of the program.

"You really can't work any kind of job while you're in your senior year. There just aren't enough hours in the week," she said.

Hladik's planned gift was a convenient and generous way to leave behind a legacy. Her hopes that future students will continue in the field of social work are now insured thanks in part to her designation and the Harry J. and Delpha S. Macy Scholarship.

How You Can Help Future Ball State Students and Change Lives

Hladik's courage and selflessness shows that age is no deterrent for those who want to change lives through charity. By donating a percentage of your life insurance policy to us, you are changing lives without affecting your own.

eBrochure Request Form

Please provide the following information to view the brochure.

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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.