Bethel Investor Winter 2013

in this issue:

Alumnus of the Year Serves Homeless Children Page 2

Clark Named Seminary VP and Dean Page 3

BethelInvestor www.bethel.edu • Winter 2013

News for Donors to Bethel University

Prayerfully Consider Investing in Bethel Light a Path for a Student like Garret

When you give to the Bethel Fund, you invest in students like Garret Wright.

Garret’s Bethel experience and education have been truly transformational.

“If you knew me then, you wouldn’t Garret Wright recognize me now,” he says, recalling the unfocused transfer student who arrived at Bethel University three years ago. Wright credits concerned friends and Bethel Assistant Campus Pastor Donna Johnson not only with confronting his self-acknowledged immaturity and poor academic performance, but also with helping him find a rhythm with his studies and “to stop living for myself.” He has since poured his life into others, including summers spent at a residential corrections facility for teenage boys, demonstrating the love of Christ while teaching them basic social skills.

“Bethel has drawn maturity out of me,” Garret testifies. “I’ve become my own person with vision: the person who God has intended me to be. I have a better understanding of the past, peace about the present, and a vision for the future.”

When Garret graduates in May, he’ll be the first member of his family to earn a college diploma.

Bethel Fund: Equipping Adventurous ChristFollowers The Bethel Fund bridges the gap between tuition and the actual cost of Bethel’s Christ-

centered education. Your gifts to the Bethel Fund help provide: • Innovative academic programs and resources—cutting-edge technology for labs, classroom resources, and scholarships • Spiritual formation opportunities— challenging chapel speakers, discipleship programs, and off-campus ministries • Faculty enrichment—grants and training/learning opportunities • A vital student life experience—health services, career services, student activities, and programs This year, $3.4 million is needed for the Bethel Fund.

Bethel Fund Partners To invite and encourage donor participation in various levels of philanthropy, Bethel has established five new levels for unrestricted gifts to the Bethel Fund. “This invitation to the next generation of philanthropy is an opportunity for additional friends to support both the short- and long-term goals of the institution,” says Pat Mazorol, senior vice president for university relations. Visit bethel.edu/giving for more information about becoming a Bethel Fund Partner.

Sustaining our Future Annuities, will provisions, trusts, and other forms of planned giving allow alumni, parents, and friends of Bethel to make an impact on the lives of Bethel students now and into the future. “Those who include Bethel in their planning become part of the Royal Heritage Society and have the satisfaction of leaving a legacy in support of a Christ-centered education,” explains Dan Wiersum, associate vice president and director of planned

giving. (Learn more about the advantages of Charitable Gift Annuities on page 3.)

Engaging Alumni Student callers recently moved from the Bethel Office Center to campus. Manager of Alumni Engagement Chad Boysen says of the move, “Moving to campus is a big step in the advancement of our new student and young alumni engagement initiative.

We look forward to seeing how our call team and our class gift drives grow in this new environment. Being on campus will go a long way in creating awareness among students about the role that investors play in their Bethel experience and the importance of giving back.”

Key Projects Bethel seeks to secure cash donations and financial commitments—above and beyond regular gifts to the Bethel Fund—to support the university’s mission through capital improvements. “Investments in the form of current gifts and pledges will move us closer to bringing key projects into reality,” explains Bruce Anderson, executive development and university relations officer.

The Seminary San Diego expansion project will soon be fully operational. (See page 3).

Health & Wellness Center At its recent meeting, the Bethel University Board of Trustees affirmed plans for a state-of-the art, integrated Health & Wellness Center as a

top priority for the university. It will serve the entire Bethel community by providing one integrated, easily accessible location that promotes fitness, health, prevention, and wellness.

The Health & Wellness Center project will cost $20 million.

Our goal is to raise $10.6 million in gifts and commitments

by May 31, 2013, so construction may begin.

Investing in Quality New students, refreshed facilities, exciting achievements, energy, and excitement marked the beginning of the 2012-2013 academic year at Bethel. A total of 5,355 students are enrolled in all schools.

In the College of Adult & Professional Studies and Graduate School, the new Master of Science in Physician Assistant (P.A.) program continues to move toward accreditation.

Staff and faculty have received numerous accolades.

Vice President for Student Life Edee Schulze was awarded the Don L. Boender Distinguished Service Award at the annual Association for Christians in Student Development (ACSD) conference this summer.

—Investing continued on page 2

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Leafblad Family Celebrates its Bethel Roots

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or the Leafblads, family reunions are also Bethel reunions. The family has held eight reunions, gathering every five years since 1977. These reunions, which often attract as many as 350 family members, not only celebrate their family heritage but their Bethel roots, with approximately 45-50 of the 450 family members—including spouses who have married into the family—being Royal grads.

Paul Leafblad ’51 was the first to graduate from Bethel. His and his wife Charlotte’s sons, Tim ’76 (his wife is Pam Van Buren ’78) and Dan ’74, along with their cousin Gary ’78 (his wife is Carol Peterson ‘78), help to organize the festivities, with Gary holding the role of “official” photographer.

Tim and Dan are both physicians who have stayed con-

—Investing continued from page 1

nected to Bethel in many ways: they, along with Gary, are loyal investors in Bethel University and in Bethel students; Dan is the medical director for Bethel’s physician assistant program; and Dan and his wife Barbara helped Head Football Coach Steve Johnson plan and execute the first Band of Brothers trip.

David Leafblad is a current student.

Other family grads include Carol Leafblad, ’59, Bruce Leafblad, ’62, Laureen (Leafblad) Sherling ’62, and Myron Leafblad, ‘65. More recent grads include Erin MacIntyre Larson ‘10; Megan ‘02, Nels ‘10, and Peter Leafblad, ’11; Kelly (Leafblad) Rust ‘02, Katie (Leafblad) Schmidt ‘04, and Korey Leafblad ‘09.

Says Tim, “The Leafblad clan does love Bethel!” •

Thank You!

“I

have been challenged and encouraged as a student, Christ-follower, and person during my years at Bethel. I would not be who I am today if not for the opportunities, professors, and other students here. Thank you for your generous gifts to the Bethel Fund that have allowed many students like me to attend Bethel.

It is a school worth investing in; graduating students are not the same as when they arrived.

Thank you for your generosity and willingness to support a school that transforms people.”

—Joel Edwall, College of Arts & Sciences ’13

Alumnus of the Year Serves Homeless Children in the Philippines

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aul Healy, from the Class of 1977, was named 2012’s College of Arts & Sciences Alumnus of the Year.

He has served homeless children in the Philippines for more than 30 years. Along with six others, he and his wife Marlys (Danielson) founded the Children’s Shelter of Cebu (CSC) in 1978 to help children in need.

Alongside their staff and volunteers, the Healys live out the CSC mission to “glorify God by demonstrating His love to the Philippines as we provide a loving, Christ-centered home with comprehensive medical, educational, and placement services for homeless Filipino children.”

Bethel has played a role in the ministry from the start, when a student donated half of his trust fund to the startup of this Christian organization. The Bethel-CSC connection flourishes today, in partnership with Converge Worldwide churches and with the many Bethel alumni and faculty who serve as staff, volunteers, and supporters.

Says Ralph Gustafson, vice president for constituent relations, “In the power of God’s Spirit, Paul Healy has faithfully and effectively lived out biblical truth, transformed culture, and advanced the Gospel of Christ.” • Children’s Shelter of Cebu has cared for more than 860 children since its inception.

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Chad Hoyt ’94, associate professor of physics, received a National Science Foundation (NSF) research grant. He has been funded $230,349 for his project “Fiber Laser Frequency Combs for the Advanced Laboratory.” The grant provides funding for student researchers to work with Hoyt in his lab during the academic year, interim, and summers until fall 2015. Hoyt will collaborate with R. Jason Jones at the University of Arizona, who, like Hoyt, is a 1994 Bethel graduate.

Bethel University Provost David Clark was recently named vice president and dean of

Bethel Seminary. (See page 3).

Bethel Seminary St. Paul kicked off a new academic year with the All-Seminary Fall Retreat.

The annual event helps create a sense of community as returning students welcome and encourage new seminarians, and as attendees hear from faculty members, share communion, and worship together.

Bethel Seminary San Diego staff, faculty, and students are looking forward to the completion of the building addition and renovation. (See page 3).

Bethel’s Office of Development also began the academic year with new goals. “The implementation of our strategic initiatives and goals will help ensure a solid institution now and into the future,” says President Jay Barnes. •

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Clark Named Seminary VP and Dean

Put a Charitable Gift Annuity to Work for You

Locked into low-yield investments? Tired of fluctuating income? Want more security?

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he Bethel University Board of Trustees has unanimously named David K. Clark to be the vice president and dean of Bethel Seminary. Clark has served Bethel University as executive vice president and provost since 2009, but added leadership of the seminary during the last 18 months after the resignation of the seminary dean. Clark will continue in both roles until the end of December and then begin serving exclusively at the seminary on January 1. An installation service at the seminary will occur early in 2013.

“I’m excited about the opportunity to move into this leadership position at Bethel Seminary,” says Clark. “The

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f you are retired, have low-yielding assets that you want to convert into a higher fixed income, and you would also like to benefit Bethel University, look first at a Charitable Gift Annuity (CGA) as your strategy. Gift annuities are the original form of lifeincome gift, they are still the most popular, they are the easiest to set up, and they are one of the most beneficial for donors.

Here’s how it works:

seminary has amazing strengths.

Working with the church, the seminary will build on its legacy of service to the kingdom and innovation in theological education.”

Visit bethel.edu/news for more information about this important appointment. •

A CGA is a simple contract between you and Bethel. In exchange for your irrevocable gift of cash or appreciated property, we agree to pay you a fixed annuity for life. You can add a spouse or other loved one as co-beneficiary, or direct us to make payments to a friend or loved one instead of you (maximum of two beneficiaries). The older the annuitants are at the time of the gift, the higher the annuity rate we can offer.

When you create your gift annuity, the assets you contribute will be valued at their fair market value as of the date of transfer, and we will pay you the agreed-upon annuity rate on that valuation. Your payments will become one of our financial obligations and will be backed by our full assets. At the death of the last annuitant, we will apply the remaining balance in your annuity account to the gift purpose you designated when you created your annuity.

There are three types of CGAs: Immediate Payment, Deferred Payment, and Flexible Payment.

Advantages of a CGA:

• Stable, predictable income: Your annuity payments will remain the same no matter what happens to the market; • High rate of return: Single-life annuitants age 70 and older enjoy payment rates ranging from 5.1% to 9.0%, depending on their age (two-life annuities offer somewhat lower rates);

Gail Lillis; John Lillis, Dean and Executive Officer, Bethel Seminary San Diego; Mary Ann Price; and David Price, Campaign Chair.

• Charitable deduction: You receive a charitable deduction for your gift based on the full value of the assets that you gave us, minus the present value of the income stream you retained. Any portion of the deduction that you cannot claim in the year you make your gift may be claimed over the following five tax years;

San Diego Construction Preview

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ethel Seminary San Diego recently hosted a sneak preview of recent construction for some leadership investors. The evening, led by Doug Fagerstrom, executive vice president of Converge Worldwide, featured testimonies from Matt Hammett, senior pastor of Flood Church and a BSSD alum, and a current seminary student.

Guests visited renovated classroom space and interacted with professor emeritus Ron Young-

blood and professors Jim Smith and Mark Strauss and toured the heavily scaffolded new chapel and conference areas. Students and faculty are already enjoying the renovated classroom space.

The project is expected to be completed in December and fully operational in January.

Please pray for safety for the construction crew as they finish the project, and that God would raise up investors who will complete the funding needs. •

• Tax-advantaged income: Annuity payments come to you partly as tax-free return of principal. If you funded your gift annuity with appreciated property, a second portion of the payment will be taxed at lower capital gains rates, with only the remaining portion taxable as ordinary income;* • Minimized capital gains tax: You pay only a portion of the capital gains tax that would otherwise be due on the transfer of appreciated assets you contribute for your gift annuity;* • Reduced estate tax: You remove the donated assets from your estate, but receive annuity payments based on their value for life; • Flexible payments: Payments can begin immediately, or you can elect to defer payments for a period of time and receive a higher annuity later while the principal grows tax free (ask us about details).

We’re ready to show you and your advisors how well a charitable gift annuity can work for you. *Tax-free and capital-gain provisions are in effect during the life expectancy of the annuitants; payments after that point are fully taxable as ordinary income. Spread-out recognition of capital gain is only available if the donor is also one of the beneficiaries of the annuity. We can provide full details.

For more information about charitable gift annuities, 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.

This publication is intended to provide general gift planning information. Our organization is not qualified to provide specific legal, tax or investment advice, and this publication should not be looked to or relied upon as a source for such advice. Consult with your own legal and financial advisors before making any gift.

Copyright © 2009, PlannedGiving.Com, LLC. All Rights Reserved.

The Bethel Foundation Board of Governors, plus President Jay Barnes, at their August board meeting. Three new members—Leslie Chapman, Christopher Shaw ’91, and Andrea Schilling ’91—recently joined the board; they are not pictured.

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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

• New Health & Wellness Center Page 1 • 2012-2013 Fundraising Priorities Page 1 • Leafblad Family Reunions Page 2 • Charitable Gift Annuities Page 3

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calendar of events

Bethel Foundation

November Swiss Bliss, through December 14, Olson Gallery LU-WOW: photography by Lex Thompson, through December 14, Johnson Gallery Small Press: Exhibition of Artist Books and Publications, through December 14, Johnson Gallery December 14 Midyear Commencement for College of Arts & Sciences, College of Adult & Professional Studies, and Graduate School, Benson Great Hall January 2013 12 RECHARGE, St. Andrew’s Church (Mahtomedi, Minn.)

18 IMPACT: Senior High Discipleship Conference, The Underground 31 Jane Eyre the Musical, Benson Great Hall February 1-3 Jane Eyre the Musical, Benson Great Hall 8 IGNITE: Junior High Discipleship Conference, Cornerstone Church (Crystal, Minn.)

8 Dedication, Bethel Seminary San Diego 21- 24 and February 27-March 2, Great Expectations, Bethel Theatre March 3 Youth MegaRally, Benson Great Hall

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s of October 31, 2012, Bethel’s endowment was $35,541,000 and total assets under management were $124,754,000. 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.

Seminary Awarded Grant to Fund “Work with Purpose” Program

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his summer, Bethel Seminary received a $190,000 grant from the Kern Family Foundation to launch the Bethel Work with Purpose initiative in 2013. The initiative is designed to address the disconnect that many Christians feel between their faith and their work.

Through the program, says initiative director Chris Armstrong, professor of church history at Bethel Seminary St. Paul, “Bethel Seminary hopes to become part of a change in the church that will lead people to see their ordinary work as a place of extraordinary discipleship, stewardship of gifts, and service to the world.” • Bethel University’s 1st Annual

Grandparents Day

Visit bethel.edu/events/calendar for more information about events.

at bethel university

A day just for students and their grandparents to connect on campus.

Friday, April 5 2013

Office of Development Bruce W. Anderson ’74, Executive Development and University

Relations Officer Phone: 651.635.8050 Email: development@bethel.edu Website: bethel.edu/giving

New ev en t!

For more information, watch your mailbox and visit bethel.edu/parents.

Editor: Tricia Theurer Designer: Thomas Vukelich ’82

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