IOWA STATE UNIVERSITY FOUNDATION WOMEN & PHILANTHROPY Donor asks Iowa State Faculty to Consider Facing History Facing history is something that Debra Engel does on a daily basis. Now she’s attempting to get others to do the same. The 1973 Iowa State University psychology graduate has estab- lished a fund to bring the Facing History and Ourselves program to campus. This past summer three faculty members from the College of Liberal Arts and Sciences attended Facing History seminars in New York City and Toronto through Engel’s support. Facing History and Ourselves is an international educational and professional development organization that engages students of diverse backgrounds in an examination of racism, prejudice and anti-Semitism in order to promote the development of a more humane and informed citizenry. Each year, Facing History reaches 1.8 million students through a network of 26,000 educators. “By studying the historical development and lessons of the Holocaust and other examples of genocide, students make the essential connection between history and the moral choices we confront in our lives,” said Engel, who lives in Sunnyvale, Calif. “I’ve wanted to contribute to Iowa State for a number of years, but I couldn’t think of a project I was truly interested in.” Then Engel became involved with Facing History. She serves on Facing History’s board of trustees. “This was a way I could marry my two interests and get really excited about it,” she said. Teresa Downing-Matibag, assistant professor of sociology, was one of the three Iowa State professors to attend a Facing History seminar. She says the experience encouraged her to consider ways to engage students in history, empowering them to work for justice and positive social change. “The experience reminded me that being an upstander involves making history and that my students have this wonderful potential,” she said. “The stories and enthusiasm of the teachers who attended this seminar revived my belief in the promise of The stories and enthusiasm of the teachers who attended this seminar revived my belief in the promise of education to make this world a better place. – Debra Engel continued on page 2 SPRING 2009
Transcript
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The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figurescited in examples are based on rates current at the time of printing and are subject to change. References to estate andincome tax include federal taxes only; individual state taxes may further impact results.
I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
WOMEN & PHILANTHROPY
Donor asks Iowa State Facultyto Consider Facing HistoryFacing history is something that Debra Engel does on a dailybasis. Now she’s attempting to get others to do the same.
The 1973 Iowa State University psychology graduate has estab-lished a fund to bring the Facing History and Ourselves programto campus. This past summer three faculty members from theCollege of Liberal Arts and Sciences attended Facing Historyseminars in New York City and Toronto through Engel’s support.
Facing History and Ourselves is an international educational andprofessional development organization that engages students ofdiverse backgrounds in an examination of racism, prejudice andanti-Semitism in order to promote the development of a morehumane and informed citizenry. Each year, Facing History reaches1.8 million students through a network of 26,000 educators.
“By studying the historical development and lessons of theHolocaust and other examples of genocide, students make theessential connection between history and the moral choices weconfront in our lives,” said Engel, who lives in Sunnyvale, Calif.
“I’ve wanted to contribute to Iowa State for a number of years,but I couldn’t think of a project I was truly interested in.” ThenEngel became involved with Facing History. She serves onFacing History’s board of trustees. “This was a way I couldmarry my two interests and get really excited about it,” she said.
Teresa Downing-Matibag, assistant professor of sociology, wasone of the three Iowa State professors to attend a Facing Historyseminar. She says the experience encouraged her to considerways to engage students in history, empowering them to workfor justice and positive social change.
“The experience reminded me that being an upstander involvesmaking history and that my students have this wonderful potential,” she said. “The stories and enthusiasm of the teacherswho attended this seminar revived my belief in the promise of
The stories and enthusiasm ofthe teachers who attended thisseminar revived my belief in thepromise of education to makethis world a better place.
Gift Planning Staff: (L-R) Gregg Hinders, Administrative Coordinator
Lynda M. Jacobson, Assistant Vice President of DevelopmentPaul Caspersen, CFP®, CMFC, Executive Director of Development
continued on page 2
charitable deduction equal to the fairmarket value of the policy or its costbasis, whichever is less.
Beneficiary designationsAnother way to make a charitablegift of life insurance is simply toname the Iowa State UniversityFoundation as a policy beneficiarywithout assigning ownership of thepolicy. While a revocable beneficiarydesignation does not generate a cur-rent income tax deduction, it will bedeductible by your executor forestate tax purposes. All you need todo is contact your insurance agent tocomplete the necessary forms tochange your beneficiary designation.
Your life insurance policy also allowsfor the designation of a contingentbeneficiary. Designating Iowa StateUniversity Foundation as a contin-gent beneficiary means that theFoundation receives the life insur-ance proceeds only if the primarybeneficiary cannot receive them.
A Gift that Creates a Lifetime Income for YouThe charitable gift annuity is a wayto support the education mission ofIowa State University and providefor your own financial security. Awide variety of philanthropistsmight find such a gift rewarding,from working professionals tofriends who are several years into asatisfying retirement.
Example: Dr. Reynolds, an engineer-ing professor, knew she would reachthe maximum contribution limit forher qualified retirement plan, so shewas looking for additional ways tohelp prepare for retirement.
Through the Iowa State UniversityFoundation, Dr. Reynolds (age 60)learned about the tax and incomebenefits of a deferred charitable giftannuity. Compared to a standard gift annuity that begins paymentsimmediately, choosing the deferredgift annuity has two important benefits. All factors being equal, thedeferred gift annuity provides (1) a
higher payment rate, and (2) ahigher income tax charitable deduc-tion. Dr. Reynolds decides to make a$20,000 gift and defer payments for10 years. She benefits from a currentincome tax charitable deduction of$8,244.* And, at age 70, she willreceive annual payments of $1,620— an 8.1% payment rate!
NOTE: At this time, rates for giftannuities that begin paymentsimmediately are also quite appealingto many of our friends. Please con-tact us for more information.
The Next StepPhilanthropy is both personal andintentional. If you have an interestin supporting our work, we inviteyou to contact us to explore theideas presented in this issue ofWomen & Philanthropy. Of course,you’ll also want to consult yourfinancial advisor(s) before makingany gift. We can work together tomeet your philanthropic goals andmake a difference for Iowa StateUniversity.
MAKE A DIFFERENCE continued from page 3
4 SPRING 2009
continued on page 4
2 3I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
WOMEN & PHILANTHROPY WORKSHOP
Creating Your Philanthropic FootprintWednesday, May 13, 20098 a.m. to 3:30 p.m.Scheman Building, Iowa State Center, Ames, Iowa
In the past 30 years, women’s philanthropy hasemerged as a distinct movement using innovativeand creative ideas to improve local, national andglobal communities. Women view philanthropy notso much as giving as they do investing in change and causes that are personally meaningful.
Iowa State University will celebrate the 10th anniversary of its annual Women and Philanthropy Workshopthis year. The workshop includes keynote presentations by columnist and author Renata Rafferty andPamela Davidson, president, Davidson Gift Design. The event also includes breakout sessions on philan-thropic topics, a luncheon program and closing session. Visit www.foundation.iastate.edu/WP for details.
Bring a friend and enjoy the day learning together. For more information about this workshop, or to addsomeone to the invitation list, call 515.294.4607 or e-mail us at [email protected].
The cost is $30 for the first registration and $25 for each additional guest.
education to make this world a better place.”
That’s exactly the impact that Engel is hoping for.An Ames native, she is the daughter of two IowaState professors. She thought she was well equippedfor the world from a moral and ethical standpoint.
“I always thought I was open-minded,” she said.“But after going through a Facing History seminar, I was amazed at what my assumptions were andhow they were holding me back from the kind ofengagement our society so desperately needs.”
Engel’s support of the three faculty members’ semi-nar attendance was just the beginning. Iowa Statehas since sponsored an event on campus inFebruary 2009 with nearly 30 participants. Theluncheon and workshop introduced interestedfaculty to Facing History and some of its coreresources, with a presentation by a senior historianfrom Facing History.
On August 17, 2009, Engel will sponsor a three-dayFacing History seminar for all interested faculty.
“Every professor can be a Facing History teacher
and each and every individual can benefit fromengaging in the discussion of how we, should wechoose to be fully engaged in our society, canchange the course of history for the better,” shesaid. “In Facing History terms we can choose to bebystanders or upstanders and that applies whetheryou are a teacher, engineer, business person, or inany walk of life.
“My interest is in planting seeds and I will stay withthis project as long as there is interest in movingforward. I think we’ve begun to do that at IowaState and if we can get enough faculty involved myhope is that it will take on a life of its own.”
If Richard Mansbach, university professor of politi-cal science, is any indication, then Facing Historymay become more influential in university class-rooms. Mansbach was one of the Iowa State facultyto attend last summer’s seminar.
“The seminar brought to life some of the most powerful events in recent history and made themrelevant to the world today,” he said. “It was atonce profoundly moving and instructive.”
DEBRA ENGEL continued from page 1
Creating Your Philanthropic FootprintKEYNOTE SPEAKERS
Renata J. RaffertyPresident and Founder, Rafferty Consulting Group
Renata J. Rafferty is a nationallyrespected consultant, columnistand author on the business ofcharity, and is invited by themedia to comment on nonprofittrends and breaking news. Mrs.Rafferty has been interviewed inINC., Kiplinger’s, Worth, Money
Magazine, and Forbes, as well as for major dailies suchas The Washington Post, The Boston Globe and TheNew York Times. She is a frequent guest on TheO’Reilly Factor and other cable news shows as acharity analyst. Rafferty is a columnist and the authorof “Don’t Just Give It Away: How To Make the Most ofYour Charitable Giving,” with foreword by PaulNewman. She serves on the Advisory Board of TheNational Philanthropic Trust and the InternationalAssociation of Advisors in Philanthropy. She is theFounder and President of Rafferty Consulting Group Inc.
Pamela Jones DavidsonPresident, Davidson Gift Design
Pamela Jones Davidson, J.D.,has been a nationally recognizedspeaker in charitable giftplanning for more than 23 years.She is president of Davidson GiftDesign in Bloomington, Ind., aconsulting firm specializing ingift planning, planned giving
program design and implementation, and training.From 1985-1996, she was with the Indiana UniversityFoundation, leaving that organization as its executivedirector of planned giving and associate counsel. Ms.Davidson is a past board member and treasurer of theIndiana Chapter of the National Society of FundRaising Executives (now AFP), and a past boardmember and president of the Planned Giving Group ofIndiana. She serves on the community advisory boardsof her local public radio and television stations.Davidson is alsoon the board and is a past president ofMiddle Way House, her community’s nationallyrecognized women’s shelter.
Make a Difference at Iowa State UniversityWithout a doubt, the times are challenging as well aschanging. Despite the unpredictable financial landscape,many of our friends understand that support for theirfavorite organizations is critical at this time.
This issue of Women & Philanthropy explores some of the options available to women who want to make a difference at Iowa State University. As always, if we can be of assistance in any way, contact any member of the gift planning team by calling 800.621.8515 or by e-mail [email protected]. Your support isalways appreciated, and it is our pleasure to help makecertain your philanthropic goals are satisfied.
Bequests: Simple, Flexible and MeaningfulThe charitable bequest is one of the most flexible andcomfortable ways to make a major gift. There are severalreasons why. Charitable bequests are easy to make. Further,you enjoy full use of your property during life, so there isno disruption of your lifestyle, no immediate cost to you.
With a charitable bequest, you simply direct in your willthat part of your estate goes to one or more of yourfavorite charities. A charitable bequest can take manyforms; you determine how to best to meet your goals.Remember, however, that without a will in place, nomoney or property can go to the charities you wish tohelp, despite your best intentions. There is a good chanceyou do not need a new will to make a charitable bequest —consult your attorney and ask if your will can be amendedby a simple codicil.
Life Insurance as a Charitable GiftThere are several ways life insurance can be used to sup-port the work of Iowa State University. Making a gift of anexisting life insurance policy, and beneficiary designationsare two options to consider.
The no-longer-needed policyAs years go by, people sometimes find that a lifeinsurance policy is no longer needed for its original pur-pose. A good example is a policy purchased for the educa-tion of a child now grown, or for the financial security of aspouse now deceased. It may make sense to transfer such apolicy to us. We will eventually receive the face amount ofthe policy, and — if you make an absolute assignment ofownership — you will receive an immediate income tax
Doing More for Iowa State UniversityWe hope you have found useful ideas in thisissue of Women & Philanthropy. To further aidyour planning, send for a complimentary copyof the booklets listed below, with no obligation.Simply fill out this tear-off card, fold and tape iton the open end, and drop it in the mail to us.We’ll pick up the postage.
Please send a complimentary copy of the brochure, Flexible Gifts — Easy toMake, Easy to Live With.
Please send The Charitable Gift Annuity —Back to Basics, a brochure presenting thevarious ISU gift annuity options.
I’ve already included Iowa State in myestate.
Please sign me up for your complimentary weekly e-newsletter. (Please list preferred e-mail address below.)
I’m interested in receiving a personalized charitable gift annuity illustration showing my potential income and tax benefits. Please contact me
by phoneby e-mail
Send me information about the May 13,2009 Women & Philanthropy Workshop.
PLEASE PRINT
NAME
ADDRESS
CITY
STATE, ZIP
TELEPHONE
E-MAIL
WAP509
continued on page 4
2 3I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
WOMEN & PHILANTHROPY WORKSHOP
Creating Your Philanthropic FootprintWednesday, May 13, 20098 a.m. to 3:30 p.m.Scheman Building, Iowa State Center, Ames, Iowa
In the past 30 years, women’s philanthropy hasemerged as a distinct movement using innovativeand creative ideas to improve local, national andglobal communities. Women view philanthropy notso much as giving as they do investing in change and causes that are personally meaningful.
Iowa State University will celebrate the 10th anniversary of its annual Women and Philanthropy Workshopthis year. The workshop includes keynote presentations by columnist and author Renata Rafferty andPamela Davidson, president, Davidson Gift Design. The event also includes breakout sessions on philan-thropic topics, a luncheon program and closing session. Visit www.foundation.iastate.edu/WP for details.
Bring a friend and enjoy the day learning together. For more information about this workshop, or to addsomeone to the invitation list, call 515.294.4607 or email us at [email protected].
The cost is $30 for the first registration and $25 for each additional guest.
education to make this world a better place.”
That’s exactly the impact that Engel is hoping for.An Ames native, she is the daughter of two IowaState professors. She thought she was well equippedfor the world from a moral and ethical standpoint.
“I always thought I was open-minded,” she said.“But after going through a Facing History seminar, I was amazed at what my assumptions were andhow they were holding me back from the kind ofengagement our society so desperately needs.”
Engel’s support of the three faculty members’ semi-nar attendance was just the beginning. Iowa Statehas since sponsored an event on campus inFebruary 2009 with nearly 30 participants. Theluncheon and workshop introduced interestedfaculty to Facing History and some of its coreresources, with a presentation by a senior historianfrom Facing History.
On August 17, 2009, Engel will sponsor a three-dayFacing History seminar for all interested faculty.
“Every professor can be a Facing History teacher
and each and every individual can benefit fromengaging in the discussion of how we, should wechoose to be fully engaged in our society, canchange the course of history for the better,” shesaid. “In Facing History terms we can choose to bebystanders or upstanders and that applies whetheryou are a teacher, engineer, business person, or inany walk of life.
“My interest is in planting seeds and I will stay withthis project as long as there is interest in movingforward. I think we’ve begun to do that at IowaState and if we can get enough faculty involved myhope is that it will take on a life of its own.”
If Richard Mansbach, university professor of politi-cal science, is any indication, then Facing Historymay become more influential in university class-rooms. Mansbach was one of the Iowa State facultyto attend last summer’s seminar.
“The seminar brought to life some of the most powerful events in recent history and made themrelevant to the world today,” he said. “It was atonce profoundly moving and instructive.”
DEBRA ENGEL continued from page 1
Creating Your Philanthropic FootprintKEYNOTE SPEAKERS
Renata J. RaffertyPresident and Founder, Rafferty Consulting Group
Renata J. Rafferty is a nationallyrespected consultant, columnistand author on the business ofcharity, and is invited by themedia to comment on nonprofittrends and breaking news. Mrs.Rafferty has been interviewed inINC., Kiplinger’s, Worth, Money
Magazine, and Forbes, as well as for major dailies suchas The Washington Post, The Boston Globe and TheNew York Times. She is a frequent guest on TheO’Reilly Factor and other cable news shows as acharity analyst. Rafferty is a columnist and the authorof “Don’t Just Give It Away: How To Make the Most ofYour Charitable Giving,” with foreword by PaulNewman. She serves on the Advisory Board of TheNational Philanthropic Trust and the InternationalAssociation of Advisors in Philanthropy. She is theFounder and President of Rafferty Consulting Group Inc.
Pamela Jones DavidsonPresident, Davidson Gift Design
Pamela Jones Davidson, J.D.,has been a nationally recognizedspeaker in charitable giftplanning for more than 23 years.She is president of Davidson GiftDesign in Bloomington, Ind., aconsulting firm specializing ingift planning, planned giving
program design and implementation, and training.From 1985-1996, she was with the Indiana UniversityFoundation, leaving that organization as its executivedirector of planned giving and associate counsel. Ms.Davidson is a past board member and treasurer of theIndiana Chapter of the National Society of FundRaising Executives (now AFP), and a past boardmember and president of the Planned Giving Group ofIndiana. She serves on the community advisory boardsof her local public radio and television stations.Davidson is alsoon the board and is a past president ofMiddle Way House, her community’s nationallyrecognized women’s shelter.
Make a Difference at Iowa State UniversityWithout a doubt, the times are challenging as well aschanging. Despite the unpredictable financial landscape,many of our friends understand that support for theirfavorite organizations is critical at this time.
This issue of Women & Philanthropy explores some of the options available to women who want to make a difference at Iowa State University. As always, if we can be of assistance in any way, contact any member of the gift planning team by calling 800.621.8515 or by e-mail [email protected]. Your support isalways appreciated, and it is our pleasure to help makecertain your philanthropic goals are satisfied.
Bequests: Simple, Flexible and MeaningfulThe charitable bequest is one of the most flexible andcomfortable ways to make a major gift. There are severalreasons why. Charitable bequests are easy to make. Further,you enjoy full use of your property during life, so there isno disruption of your lifestyle, no immediate cost to you.
With a charitable bequest, you simply direct in your willthat part of your estate goes to one or more of yourfavorite charities. A charitable bequest can take manyforms; you determine how to best to meet your goals.Remember, however, that without a will in place, nomoney or property can go to the charities you wish tohelp, despite your best intentions. There is a good chanceyou do not need a new will to make a charitable bequest —consult your attorney and ask if your will can be amendedby a simple codicil.
Life Insurance as a Charitable GiftThere are several ways life insurance can be used to sup-port the work of Iowa State University. Making a gift of anexisting life insurance policy, and beneficiary designationsare two options to consider.
The no-longer-needed policyAs years go by, people sometimes find that a lifeinsurance policy is no longer needed for its original pur-pose. A good example is a policy purchased for the educa-tion of a child now grown, or for the financial security of aspouse now deceased. It may make sense to transfer such apolicy to us. We will eventually receive the face amount ofthe policy, and — if you make an absolute assignment ofownership — you will receive an immediate income tax
Doing More for Iowa State UniversityWe hope you have found useful ideas in thisissue of Women & Philanthropy. To further aidyour planning, send for a complimentary copyof the booklets listed below, with no obligation.Simply fill out this tear-off card, fold and tape iton the open end, and drop it in the mail to us.We’ll pick up the postage.
Please send a complimentary copy of the brochure, Flexible Gifts — Easy toMake, Easy to Live With.
Please send The Charitable Gift Annuity —Back to Basics, a brochure presenting thevarious ISU gift annuity options.
I’ve already included Iowa State in myestate.
Please sign me up for your complimentary weekly e-newsletter. (Please list preferred e-mail address below.)
I’m interested in receiving a personalized charitable gift annuity illustration showing my potential income and tax benefits. Please contact me
by phoneby e-mail
Send me information about the May 13,2009 Women & Philanthropy Workshop.
PLEASE PRINT
NAME
ADDRESS
CITY
STATE, ZIP
TELEPHONE
E-MAIL
WAP509
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The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figurescited in examples are based on rates current at the time of printing and are subject to change. References to estate andincome tax include federal taxes only; individual state taxes may further impact results.
I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
WOMEN & PHILANTHROPY
Donor asks Iowa State Facultyto Consider Facing HistoryFacing history is something that Debra Engel does on a dailybasis. Now she’s attempting to get others to do the same.
The 1973 Iowa State University psychology graduate has estab-lished a fund to bring the Facing History and Ourselves programto campus. This past summer three faculty members from theCollege of Liberal Arts and Sciences attended Facing Historyseminars in New York City and Toronto through Engel’s support.
Facing History and Ourselves is an international educational andprofessional development organization that engages students ofdiverse backgrounds in an examination of racism, prejudice andanti-Semitism in order to promote the development of a morehumane and informed citizenry. Each year, Facing History reaches1.8 million students through a network of 26,000 educators.
“By studying the historical development and lessons of theHolocaust and other examples of genocide, students make theessential connection between history and the moral choices weconfront in our lives,” said Engel, who lives in Sunnyvale, Calif.
“I’ve wanted to contribute to Iowa State for a number of years,but I couldn’t think of a project I was truly interested in.” ThenEngel became involved with Facing History. She serves onFacing History’s board of trustees. “This was a way I couldmarry my two interests and get really excited about it,” she said.
Teresa Downing-Matibag, assistant professor of sociology, wasone of the three Iowa State professors to attend a Facing Historyseminar. She says the experience encouraged her to considerways to engage students in history, empowering them to workfor justice and positive social change.
“The experience reminded me that being an upstander involvesmaking history and that my students have this wonderful potential,” she said. “The stories and enthusiasm of the teacherswho attended this seminar revived my belief in the promise of
The stories and enthusiasm ofthe teachers who attended thisseminar revived my belief in thepromise of education to makethis world a better place.
Gift Planning Staff: (L-R) Gregg Hinders, Administrative Coordinator
Lynda M. Jacobson, Assistant Vice President of DevelopmentPaul Caspersen, CFP®, CMFC, Executive Director of Development
continued on page 2
charitable deduction equal to the fairmarket value of the policy or its costbasis, whichever is less.
Beneficiary designationsAnother way to make a charitablegift of life insurance is simply toname the Iowa State UniversityFoundation as a policy beneficiarywithout assigning ownership of thepolicy. While a revocable beneficiarydesignation does not generate a cur-rent income tax deduction, it will bedeductible by your executor forestate tax purposes. All you need todo is contact your insurance agent tocomplete the necessary forms tochange your beneficiary designation.
Your life insurance policy also allowsfor the designation of a contingentbeneficiary. Designating Iowa StateUniversity Foundation as a contin-gent beneficiary means that theFoundation receives the life insur-ance proceeds only if the primarybeneficiary cannot receive them.
A Gift that Creates a Lifetime Income for YouThe charitable gift annuity is a wayto support the education mission ofIowa State University and providefor your own financial security. Awide variety of philanthropistsmight find such a gift rewarding,from working professionals tofriends who are several years into asatisfying retirement.
Example: Dr. Reynolds, an engineer-ing professor, knew she would reachthe maximum contribution limit forher qualified retirement plan, so shewas looking for additional ways tohelp prepare for retirement.
Through the Iowa State UniversityFoundation, Dr. Reynolds (age 60)learned about the tax and incomebenefits of a deferred charitable giftannuity. Compared to a standard gift annuity that begins paymentsimmediately, choosing the deferredgift annuity has two important benefits. All factors being equal, thedeferred gift annuity provides (1) a
higher payment rate, and (2) ahigher income tax charitable deduc-tion. Dr. Reynolds decides to make a$20,000 gift and defer payments for10 years. She benefits from a currentincome tax charitable deduction of$8,244.* And, at age 70, she willreceive annual payments of $1,620— an 8.1% payment rate!
NOTE: At this time, rates for giftannuities that begin paymentsimmediately are also quite appealingto many of our friends. Please con-tact us for more information.
The Next StepPhilanthropy is both personal andintentional. If you have an interestin supporting our work, we inviteyou to contact us to explore theideas presented in this issue ofWomen & Philanthropy. Of course,you’ll also want to consult yourfinancial advisor(s) before makingany gift. We can work together tomeet your philanthropic goals andmake a difference for Iowa StateUniversity.
MAKE A DIFFERENCE continued from page 3
4 SPRING 2009
continued on page 4
2 3I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
WOMEN & PHILANTHROPY WORKSHOP
Creating Your Philanthropic FootprintWednesday, May 13, 20098 a.m. to 3:30 p.m.Scheman Building, Iowa State Center, Ames, Iowa
In the past 30 years, women’s philanthropy hasemerged as a distinct movement using innovativeand creative ideas to improve local, national andglobal communities. Women view philanthropy notso much as giving as they do investing in change and causes that are personally meaningful.
Iowa State University will celebrate the 10th anniversary of its annual Women and Philanthropy Workshopthis year. The workshop includes keynote presentations by columnist and author Renata Rafferty andPamela Davidson, president, Davidson Gift Design. The event also includes breakout sessions on philan-thropic topics, a luncheon program and closing session. Visit www.foundation.iastate.edu/WP for details.
Bring a friend and enjoy the day learning together. For more information about this workshop, or to addsomeone to the invitation list, call 515.294.4607 or email us at [email protected].
The cost is $30 for the first registration and $25 for each additional guest.
education to make this world a better place.”
That’s exactly the impact that Engel is hoping for.An Ames native, she is the daughter of two IowaState professors. She thought she was well equippedfor the world from a moral and ethical standpoint.
“I always thought I was open-minded,” she said.“But after going through a Facing History seminar, I was amazed at what my assumptions were andhow they were holding me back from the kind ofengagement our society so desperately needs.”
Engel’s support of the three faculty members’ semi-nar attendance was just the beginning. Iowa Statehas since sponsored an event on campus inFebruary 2009 with nearly 30 participants. Theluncheon and workshop introduced interestedfaculty to Facing History and some of its coreresources, with a presentation by a senior historianfrom Facing History.
On August 17, 2009, Engel will sponsor a three-dayFacing History seminar for all interested faculty.
“Every professor can be a Facing History teacher
and each and every individual can benefit fromengaging in the discussion of how we, should wechoose to be fully engaged in our society, canchange the course of history for the better,” shesaid. “In Facing History terms we can choose to bebystanders or upstanders and that applies whetheryou are a teacher, engineer, business person, or inany walk of life.
“My interest is in planting seeds and I will stay withthis project as long as there is interest in movingforward. I think we’ve begun to do that at IowaState and if we can get enough faculty involved myhope is that it will take on a life of its own.”
If Richard Mansbach, university professor of politi-cal science, is any indication, then Facing Historymay become more influential in university class-rooms. Mansbach was one of the Iowa State facultyto attend last summer’s seminar.
“The seminar brought to life some of the most powerful events in recent history and made themrelevant to the world today,” he said. “It was atonce profoundly moving and instructive.”
DEBRA ENGEL continued from page 1
Creating Your Philanthropic FootprintKEYNOTE SPEAKERS
Renata J. RaffertyPresident and Founder, Rafferty Consulting Group
Renata J. Rafferty is a nationallyrespected consultant, columnistand author on the business ofcharity, and is invited by themedia to comment on nonprofittrends and breaking news. Mrs.Rafferty has been interviewed inINC., Kiplinger’s, Worth, Money
Magazine, and Forbes, as well as for major dailies suchas The Washington Post, The Boston Globe and TheNew York Times. She is a frequent guest on TheO’Reilly Factor and other cable news shows as acharity analyst. Rafferty is a columnist and the authorof “Don’t Just Give It Away: How To Make the Most ofYour Charitable Giving,” with foreword by PaulNewman. She serves on the Advisory Board of TheNational Philanthropic Trust and the InternationalAssociation of Advisors in Philanthropy. She is theFounder and President of Rafferty Consulting Group Inc.
Pamela Jones DavidsonPresident, Davidson Gift Design
Pamela Jones Davidson, J.D.,has been a nationally recognizedspeaker in charitable giftplanning for more than 23 years.She is president of Davidson GiftDesign in Bloomington, Ind., aconsulting firm specializing ingift planning, planned giving
program design and implementation, and training.From 1985-1996, she was with the Indiana UniversityFoundation, leaving that organization as its executivedirector of planned giving and associate counsel. Ms.Davidson is a past board member and treasurer of theIndiana Chapter of the National Society of FundRaising Executives (now AFP), and a past boardmember and president of the Planned Giving Group ofIndiana. She serves on the community advisory boardsof her local public radio and television stations.Davidson is alsoon the board and is a past president ofMiddle Way House, her community’s nationallyrecognized women’s shelter.
Make a Difference at Iowa State UniversityWithout a doubt, the times are challenging as well aschanging. Despite the unpredictable financial landscape,many of our friends understand that support for theirfavorite organizations is critical at this time.
This issue of Women & Philanthropy explores some of the options available to women who want to make a difference at Iowa State University. As always, if we can be of assistance in any way, contact any member of the gift planning team by calling 800.621.8515 or by e-mail [email protected]. Your support isalways appreciated, and it is our pleasure to help makecertain your philanthropic goals are satisfied.
Bequests: Simple, Flexible and MeaningfulThe charitable bequest is one of the most flexible andcomfortable ways to make a major gift. There are severalreasons why. Charitable bequests are easy to make. Further,you enjoy full use of your property during life, so there isno disruption of your lifestyle, no immediate cost to you.
With a charitable bequest, you simply direct in your willthat part of your estate goes to one or more of yourfavorite charities. A charitable bequest can take manyforms; you determine how to best to meet your goals.Remember, however, that without a will in place, nomoney or property can go to the charities you wish tohelp, despite your best intentions. There is a good chanceyou do not need a new will to make a charitable bequest —consult your attorney and ask if your will can be amendedby a simple codicil.
Life Insurance as a Charitable GiftThere are several ways life insurance can be used to sup-port the work of Iowa State University. Making a gift of anexisting life insurance policy, and beneficiary designationsare two options to consider.
The no-longer-needed policyAs years go by, people sometimes find that a lifeinsurance policy is no longer needed for its original pur-pose. A good example is a policy purchased for the educa-tion of a child now grown, or for the financial security of aspouse now deceased. It may make sense to transfer such apolicy to us. We will eventually receive the face amount ofthe policy, and — if you make an absolute assignment ofownership — you will receive an immediate income tax
Doing More for Iowa State UniversityWe hope you have found useful ideas in thisissue of Women & Philanthropy. To further aidyour planning, send for a complimentary copyof the booklets listed below, with no obligation.Simply fill out this tear-off card, fold and tape iton the open end, and drop it in the mail to us.We’ll pick up the postage.
Please send a complimentary copy of the brochure, Flexible Gifts — Easy toMake, Easy to Live With.
Please send The Charitable Gift Annuity —Back to Basics, a brochure presenting thevarious ISU gift annuity options.
I’ve already included Iowa State in myestate.
Please sign me up for your complimentary weekly e-newsletter. (Please list preferred e-mail address below.)
I’m interested in receiving a personalized charitable gift annuity illustration showing my potential income and tax benefits. Please contact me
by phoneby e-mail
Send me information about the May 13,2009 Women & Philanthropy Workshop.
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I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
WOMEN & PHILANTHROPY
Donor asks Iowa State Facultyto Consider Facing HistoryFacing history is something that Debra Engel does on a dailybasis. Now she’s attempting to get others to do the same.
The 1973 Iowa State University psychology graduate has estab-lished a fund to bring the Facing History and Ourselves programto campus. This past summer three faculty members from theCollege of Liberal Arts and Sciences attended Facing Historyseminars in New York City and Toronto through Engel’s support.
Facing History and Ourselves is an international educational andprofessional development organization that engages students ofdiverse backgrounds in an examination of racism, prejudice andanti-Semitism in order to promote the development of a morehumane and informed citizenry. Each year, Facing History reaches1.8 million students through a network of 26,000 educators.
“By studying the historical development and lessons of theHolocaust and other examples of genocide, students make theessential connection between history and the moral choices weconfront in our lives,” said Engel, who lives in Sunnyvale, Calif.
“I’ve wanted to contribute to Iowa State for a number of years,but I couldn’t think of a project I was truly interested in.” ThenEngel became involved with Facing History. She serves onFacing History’s board of trustees. “This was a way I couldmarry my two interests and get really excited about it,” she said.
Teresa Downing-Matibag, assistant professor of sociology, wasone of the three Iowa State professors to attend a Facing Historyseminar. She says the experience encouraged her to considerways to engage students in history, empowering them to workfor justice and positive social change.
“The experience reminded me that being an upstander involvesmaking history and that my students have this wonderful potential,” she said. “The stories and enthusiasm of the teacherswho attended this seminar revived my belief in the promise of
The stories and enthusiasm ofthe teachers who attended thisseminar revived my belief in thepromise of education to makethis world a better place.
Gift Planning Staff: (L-R) Gregg Hinders, Administrative Coordinator
Lynda M. Jacobson, Assistant Vice President of DevelopmentPaul Caspersen, CFP®, CMFC, Executive Director of Development
continued on page 2
charitable deduction equal to the fairmarket value of the policy or its costbasis, whichever is less.
Beneficiary designationsAnother way to make a charitablegift of life insurance is simply toname the Iowa State UniversityFoundation as a policy beneficiarywithout assigning ownership of thepolicy. While a revocable beneficiarydesignation does not generate a cur-rent income tax deduction, it will bedeductible by your executor forestate tax purposes. All you need todo is contact your insurance agent tocomplete the necessary forms tochange your beneficiary designation.
Your life insurance policy also allowsfor the designation of a contingentbeneficiary. Designating Iowa StateUniversity Foundation as a contin-gent beneficiary means that theFoundation receives the life insur-ance proceeds only if the primarybeneficiary cannot receive them.
A Gift that Creates a Lifetime Income for YouThe charitable gift annuity is a wayto support the education mission ofIowa State University and providefor your own financial security. Awide variety of philanthropistsmight find such a gift rewarding,from working professionals tofriends who are several years into asatisfying retirement.
Example: Dr. Reynolds, an engineer-ing professor, knew she would reachthe maximum contribution limit forher qualified retirement plan, so shewas looking for additional ways tohelp prepare for retirement.
Through the Iowa State UniversityFoundation, Dr. Reynolds (age 60)learned about the tax and incomebenefits of a deferred charitable giftannuity. Compared to a standard gift annuity that begins paymentsimmediately, choosing the deferredgift annuity has two important benefits. All factors being equal, thedeferred gift annuity provides (1) a
higher payment rate, and (2) ahigher income tax charitable deduc-tion. Dr. Reynolds decides to make a$20,000 gift and defer payments for10 years. She benefits from a currentincome tax charitable deduction of$8,244.* And, at age 70, she willreceive annual payments of $1,620— an 8.1% payment rate!
NOTE: At this time, rates for giftannuities that begin paymentsimmediately are also quite appealingto many of our friends. Please con-tact us for more information.
The Next StepPhilanthropy is both personal andintentional. If you have an interestin supporting our work, we inviteyou to contact us to explore theideas presented in this issue ofWomen & Philanthropy. Of course,you’ll also want to consult yourfinancial advisor(s) before makingany gift. We can work together tomeet your philanthropic goals andmake a difference for Iowa StateUniversity.
