Bethel Investor Fall 2012

in this issue:

Bethel Foundation Page 3

In Memoriam: Ralph Holman Page 2

BethelInvestor www.bethel.edu • Fall 2012

News for Donors to Bethel University

Beginnings and Endings “There is a time for everything, and a season for every activity under heaven.” Ecclesiastes 3:1

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n God’s plan, every beginning is also an ending, and every ending is also a beginning. And so it is at Bethel University.

It feels like we just said goodbye to our graduates, who ended a chapter of their lives and are embarking on a new Members of the National Alumni Board (pictured) and the Seminary Alumni Council committed to investing in the Bethel Fund.

800+ freshmen and transfer students were welcomed to their new home during Welcome Week.

phase of their life’s journey. And now we’re welcoming new students who are starting on a path that will direct their futures.

As I look back at the fiscal year that ended in May, I’m reminded of the many

reported on its progress, and Bethel forged new relationships with Chinese universities to promote the Master of Business Administration (MBA) program.

Prestigious speakers visited campus, including Wess Stafford of Compassion International; Judge Michael McConnell; former Minnesota Gov. Tim Pawlenty and his wife and Bethel alumna, Mary Pawlenty; former presidential candidate Ron Paul; and former NFL coach Tony Dungy.

We heard news that our students and faculty had received notable awards, including one student and two faculty members who received Fulbright fellowships, and stories of our alumni continuing to change their communities and our world. And we welcomed several new coaches to campus with impressive backgrounds who will help lead student athletes on and off the field.

Thanks to God, we have so much to celebrate at each of our campus locations as well.

Following are some highlights

from each of our schools: • Last spring, Bethel Seminary San Diego had a record enrollment of 234 students. Construction of the site’s new facility is in full swing.

• The Higher Learning Commission and the Association of Theological Schools recently granted accreditation for 10 years to all locations of Bethel Seminary. And a renewed search for the key leadership

Wallace Boeve (right), director of the new physician assistant program at Bethel University, spoke with Board of Trustee members.

role of vice president and dean of Bethel Seminary is underway.

• We’re pleased to honor Art professor Wayne Roosa, who was recently named University Professor: only the fourth faculty member to earn such designation in the College of Arts & Sciences.

• In the College of Adult & Professional Studies and Graduate School, we’re thrilled

with the positive reception of our new physician assistant program, only the third such program offered in Minnesota.

The Master of Science Physician Assistant (P.A.) program will begin next May, pending accreditation. It promises to enhance Bethel’s distinctiveness in a competitive market.

Through it all, investors and board members continue to demonstrate their dedication to Bethel. We appreciate all those, including the leaders of the National Alumni Board and Seminary Alumni Council (see p. 2), who have continued their loyal commitments. I pray that the giving model of the alumni board members will encourage others to invest in Bethel students.

We are blessed by your prayers, support, encouragement, and trust. As we anticipate the beginning of another school year, I humbly ask for your continued commitment to our mission to equip adventurous Christ-followers.

In gratitude, President Jay Barnes

President Jay Barnes posed with faculty and 2012 graduates from Bethel Seminary of the East.

exciting projects and initiatives we’ve undertaken and the many blessings we have experienced this year. We debuted the Campus Master Plan and finalized plans for the Wellness Center.

The Reconciliation Task Force

Under Construction Wayne Roosa, University Professor of Art.

Members of the Bethel Seminary San Diego Executive Board toured the seminary’s new facility construction site in June. Construction is scheduled to be completed in November 2012.

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Join Bethel Fund Partners

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onors who contribute unrestricted gifts to the Bethel Fund in a single fiscal year (June 1-May 31) are honored and recognized as Bethel Fund Partners.

Bethel Fund Coffee Club $120/yr For just $10/ month or $120/year, Bethel alumni, parents, and friends are invited to join this long-standing program and enjoy a uniquely designed Bethel mug each year.

$1,000-$2,499 Members of the Dean’s Circle are faithful investors in Bethel’s mission to educate and equip adventurous Christ-followers.

$2,500-$4,999 President’s Circle members’ significant contributions to the Bethel Fund ensure the realization of funding priorities.

$5,000-$9,999 The Trustee Circle is composed of members who help ensure the completion of the highest priorities of the Bethel Board of Trustees. As such, their support is crucial to the success of the institution.

$10,000-$24,999 Memorializing G. Arvid Hagstrom, the first president of what is now Bethel University, the Hagstrom Society advances the educational mission of the college through yearly unrestricted gifts to the Bethel Fund.

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$25,000+ Honoring John Alexis Edgren, Bethel’s founder, the Edgren Society is an investment opportunity that fosters the heritage and educational mission of the institution through crucial, yearly unrestricted gifts to the Bethel Fund.

ach member of the National Alumni Board and the Seminary Alumni Council has answered the call to donate to the Bethel Fund in the 2012-2013 fiscal year and has committed to invest in the next fiscal year as well.

These alumni representatives come from classes spanning the past five decades.

“They are not all people of means, but they chose to invest in Bethel because they want to advance the gospel of Jesus Christ and they want to help students be equipped and energized for excellence in leadership, scholarship, and service,” says Ralph Gustafson,

Other Bethel Fund Giving Opportunities

In Memoriam

Royal Athletic Association (RAA) Membership is recognized for any household providing a minimum annual contribution of $500 in unrestricted support of the Royal Athletic Fund and athletics priorities. These gifts will be recognized toward that household’s annual Bethel Fund investment.

For more information about membership and benefits, please contact the Office of Development at 651.635.8050 or visit bethel. edu/giving/bethel-fund/donate•

Congratulations, Grads!

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Alumni Representatives Show Leadership Support of Bethel Fund

ore than 1,000 students participated in commencement ceremonies in late May and early June across all schools of Bethel University. They received degrees ranging from associate’s to doctoral degrees, with emphases in everything from pastoral ministry and physics to nursing and education.

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ethel University recently lost a good friend. Ralph Holman, a 1937 graduate of Bethel Junior College who was named to the National Academy of Sciences for his groundbreaking research of lipids and fatty acids, died on August 15 at the age of 94.

Holman taught at Texas A&M, the University of Minnesota, and at Mayo Medical School, and served for many years as the executive director of the Hormel Institute of the University of Minnesota. He was a founding editor of Progress in Lipid Research and wrote more than 400 scientific publications. A pioneer in research on essential fatty acids and nutrition, Holman made several fundamental discoveries about the metabolism of fatty acids and the competition between omega-3 and omega-6 fatty acids. In 1981, he was invited to become a member of the National Academy of Sciences.

“Dr. Ralph Holman’s pioneering research on omega-3 fatty acids continues to have important influence on our knowledge of good diet and nutrition,” says President Jay Barnes. “He was one of the first graduates of Bethel to obtain a Ph.D. in the natural sciences.

He continued to love and support his alma mater throughout his lifetime. We are honored to claim this distinguished scientist and Christ-follower as our own.”

After graduating from Bethel, Holman earned a bachelor’s degree in biochemistry from the University of Minnesota, a master’s degree in biochemistry

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vice president for constituent relations. “I pray that all of our alumni would see the value in and the blessing of giving generously to the Bethel Fund in the year ahead.”

While all financial support is important, the Bethel Fund “is the backbone of the fund-raising efforts of the university,” says Bruce Anderson, vice president for development. The Bethel Fund helps fill the gap between tuition revenue and the actual cost of Bethel’s high-quality, Christ-centered education.

We invite your support of Bethel students in the upcoming year. •

from Rutgers University, a Ph.D. in physiological chemistry from the University of Minnesota, and completed two post-doctoral fellowships in Sweden.

In 1991, Holman and his wife established the Ralph T. and Karla C. Holman Endowed Program in Chemistry at Bethel.

In 1998, Holman was honored as Bethel’s Distinguished Alumnus of the Year and the chemistry laboratory was named after him. In the 90s, he opened four trust arrangements with the Bethel Foundation, which will provide a significant endowment for Bethel that will benefit students for years to come.

“Bethel Junior College has played a major role in my early education, teaching me the foundations of a broad range of knowledge,” he noted in a 2001 Bethel Magazine article.

“I learned from Bethel’s faculty and students that one can be a Christian in any walk of life, and they demonstrated to me the fundamentals of such a life.”

Holman, who was preceded in death by his wife Karla, is survived by his son Nils (Ted) Holman. •

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Bethel Foundation Serves Both Investors and the University

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he Bethel Foundation was established in 1971 to help investors define and meet their charitable and financial planning objectives while serving Bethel University’s excellent educational programs.

Support for Donors The Bethel Foundation helps donors plan and steward their charitable giving based on their individual needs. Foundation staff stays current with laws that affect donors’ situations and helps them manage their donations responsibly and professionally in ways that meet their personal wishes.

Support for Bethel The Foundation supports Bethel by receiving and managing funds donated through a variety of means. Operating as an independent nonprofit, the Foundation is directed by an experienced board of governors and team of professional and experienced staff who work hard to ensure the best possible investment returns for the university and its supporters.

Investment Performance Thanks to its well-managed resources and investing disciplines, the Foundation’s portfolios have regularly outperformed their benchmarks in recent years.

Despite the challenging economic climate, the value of our broadly diversified endowment has grown in the last five years from $29.5 million to $34 million, as of May 2012.

For more information about how the Bethel Foundation can help support your financial and charitable goals, contact Angella Hjelle, Bethel Foundation executive director, at a-hjelle@bethel. edu or 651.635.1001. •

Services • Trust Management • Non-Cash Gift Management • Charitable Gifts • Endowment Management

Thank You, Golfers!

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early 140 investors, alumni, and friends teed off in June to show their support of Bethel students at the championship North Oaks Golf Course in North Oaks, Minn., for the 18th annual Bethel Golf Classic. Investors, alumni, and friends enjoyed nature, golf, fellowship, prizes, dinner, and a brief program.

Golfers interacted with Bethel students and recent graduates, who were posted at numerous holes, and although no one made a hole-in-one to win a lease on a Lexus convertible, everyone participated in drawings for more than 30 prizes worth nearly $5,000.

Proceeds from Bethel Golf Classic benefit the Bethel Royal Athletic Fund.

Thanks to golfers, sponsors, and students for making this event a success! •

Got Real Estate?

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lthough real estate has taken a beating in recent years, it can still make an excellent gift to Bethel University.

If you no longer need or want your appreciated real estate, it may be the perfect asset to fund a charitable gift. Real estate can be used in a variety of ways; following are some tried and true ideas.

Donate a Share Did you know that you can gift an undivided interest (or percentage) in the property?

When the property is sold, you would split the proceeds with Bethel University. You would be entitled to a charitable income tax deduction for the portion you gave to Bethel. If capital gains tax is due on the sale, the charitable deduction can help offset it.

Put the Property to Work for You Suppose you have real estate, such as undeveloped land, that is not earning income.

Perhaps you could use extra income, and you want to make a meaningful gift to Bethel University. One option is to use real estate to fund a charitable remainder trust, transfer the real estate to it, and name Bethel as a remainder beneficiary. The trustee sells the property and invests the proceeds in assets that will produce an income stream for you and your spouse for a lifetime. At the beneficiaries’ passing, whatever assets remain in the trust will go to Bethel. Because you are making a future gift to us, you would be entitled to a charitable income tax deduction in the year you create the trust.

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Give Away Your Home Without Moving Out You give Bethel University your home or other real estate by deeding the property to us.

In return, we agree that you can retain the right to live in or use the property for as long as you choose, and you consent to maintain it. When you no longer need the property, we’ll sell it and use the proceeds to fund our mission. You are entitled to a charitable income tax deduction in the year you create this gift, called a retained life estate gift, because you are making a future gift to Bethel University. And, when your executor administers your estate, this property won’t be included in the estate, so no one will be saddled with disposing it.

Give it Away If you don’t need to use the real estate, live in it, or need income from it, you can give it in its entirety to Bethel University.

We would sell it and use the proceeds to support our mission. As a charitable institution, we can do this legally and not have a capital gains tax burden.

Giving the property to charity means you are not liable for the capital gains tax on the appreciation; plus, you are entitled to a charitable income tax deduction, which can offset some of the tax due on the gain.

And you won’t be responsible for selling your property.

For more information about including Bethel University in your estate planning, please contact Dan Wiersum, associate vice president for development and director of planned gifts, and certified specialist in planned giving (CSP), at 651.635.8052 (800.255.8706, ext. 8052) or d-wiersum@bethel.edu. •

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Nonprofit Organization US Postage PAID Twin Cities MN Permit No 899

INVESTOR 3900 Bethel Drive St. Paul, MN 55112-6999

In This Issue:

Address Service Requested

• Beginnings and Endings Page 1 • Bethel Fund Partners Page 2 • NAB & SAC Support Bethel Fund Page 2 • Got Real Estate?

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calendar of events

Bethel Foundation

September 11 Next Step Information Session 15 First home football game 11 Next Step Information Session 20 MBA Speaker Series 25 Hope for the Holy Land,

Benson Great Hall 27 Pastors Breakfast, featuring

Tiger McLuen 29 Parent Coffee

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s of May 31, 2012, Bethel’s endowment was $34,077,000 and total assets under management were $118,191,000. For more information about opportunities available through the Bethel Foundation, contact Angella Hjelle, Bethel Foundation executive director, at a-hjelle@bethel.edu or 651.635.1001.

October 2 & 3 Bethel Seminary of the East events 5-7 Homecoming 7 Community Hymn Sing 19 Chamber Orchestra Fall Concert 26 Jazz Orchestra Family Weekend Fall Concert 26-28 Family Weekend 27 Music Department Family Weekend Fall Concert November TBA Chamber Ensembles Fall Concert 1-4 The Curious Savage, Bethel Theatre 7-10 The Curious Savage, Bethel Theatre 2 Wind Symphony Fall Concert 3 Northern Lights Chorale Fall Concert 4 Youth MegaRally 5 Performance Prize Recital 13 Philharmonic Orchestra Fall Concert 16 A Minnesota Choral Mosaic 29 Pastors and Ministry Leaders Seminar, featuring Steven Sandage 29-30 Festival of Christmas December 1 Festival of Christmas 14 CAS Mid-Year Commencement

Office of Development Bruce W. Anderson ’74, Vice President for Development Phone: 651.635.8050 Email: development@bethel.edu Website: bethel.edu/giving Editor: Tricia Theurer Designer: Thomas Vukelich ’82

Members of the Royal Heritage Society (RHS) gathered in May to enjoy fellowship, dinner, and a concert. The event celebrated the stewardship of those who have committed to estate planning with Bethel University and those who have provided loyal support for at least 20 years.

Re•vi•tal•ize

refresh

{ Bethel University Homecoming and Reunions }

October 5-7, 2012

Reconnect with your Bethel roots, renew friendships, refresh your spirit, and revive your connection with your alma mater.

Come and be revitalized!

For more information, visit bethel.edu/events/ homecoming or contact the Office of Alumni and Parent Services at 651.638.6462 (800.255.8706, ext. 6462), or email alumni@bethel.edu.

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recharge

renew