GonzagaGiving
[Connections]
Former students of Bernie Sauer (BA ’01) join Fr. Gary Uhlenkott around the piano. From L-R: Katy Kenealy, Megan Dempsey, Fr. Gary Uhlenkott, Katherine DeGreef, Lauren Doty, and Andrew Doty. [Photo by Rajah Bose.]
The Gonzaga Connection What goes around comes around. Case in point: Five current students from Colorado are pursuing degrees at Gonzaga because of the enduring tradition of Jesuit education and the generosity of others. Bernie Sauer (BA, ’01) wanted to attend Gonzaga for a continuation of his Denver, Colo., Jesuit high school experience and fortunately, was able to make it work financially. This was due in part to the Joseph M. Cataldo, S.J., Scholarship, which is awarded to students from Jesuit educational backgrounds.
Little did he know that this Jesuit connection would grow to include more lives than just his own. Having been introduced early on to Fr. Gary Uhlenkott, S.J., through music classes, Bernie developed a lasting friendship and gained a love for teaching from him. Now he, like Fr. Uhlenkott, teaches music at a Jesuit school and is now in his eighth year at Regis Jesuit High School, Girls Division, in Aurora, Colo. “My most remarkable connection to Gonzaga is in my continual friendship with Fr. Gary. He is the
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Possibilities
Q&A
Keep it Simple
Annual Campaign
Real examples of your gifts in action
Common endowment questions answered
Tips for easy gift planning
Setting sights on the goal
The Gonzaga Connection (continued) perfect fit for Gonzaga,” Bernie says. “He has a positive light about him that continues to foster passion in the student body.” Now it’s Bernie’s turn to be the mentor and give back, through an annual monetary gift and by sharing his musical talents with his students. More than a few Regis Jesuit High School graduates are now studying at Gonzaga, in many cases because of the impression Mr. Sauer made as their music teacher and their connection with Gonzaga’s Jesuit mission.
community for influencing her college decision. “I know that Gonzaga is providing me with opportunities and experiences that are forming me into the kind of person I want to be when I graduate,” Lauren says. Lauren’s brother Andrew, a Gonzaga senior majoring in accounting and the GSBA treasurer, took piano lessons from Bernie and now uses music as an outlet. “Music is a way to find peace. I play when things get tough,” he says. Andrew is a member of the Hogan Entrepreneurial Leadership Program and receives numerous merit scholarships.
Most of Bernie’s former students Katy Kenealy, a senior are still involved in majoring in public music either formally relations, describes or informally, but how Bernie displays a common thread Jesuit ideals. “As a of appreciation for Gonzaga grad, Mr. Sauer Bernie Sauer conducting a performance. a Jesuit education continues to radiate the is apparent. Megan enthusiasm and love for life that is typical Dempsey, a freshman at Gonzaga says, “I of a Gonzaga student. Without a doubt, he wanted to go to a school where I would embodies the spirit and mission of Gonzaga find people who I could identify with as a in his words, actions, and deeds.” Catholic, a leader, a devotee of social justice, and a student of the world. The minute I The influence of Bernie’s mentor and friend, mentioned that I was considering Gonzaga, Fr. Uhlenkott, and the tenets of Jesuit Mr. Sauer’s face lit up.” education are manifesting in the next generation because of the commitment of Lauren Doty, a former piano student of the Gonzaga community. It is a passion that Bernie and a nursing major at Gonzaga was carried from the Music Mansion on (who, coincidentally, also receives the campus to the center of Colorado, and back Joseph M. Cataldo, S.J., Scholarship), credits again to Gonzaga. the generous scholarships and sense of
Keep it Simple [Planned Giving]
By The Numbers The Gonzaga Scholars Program (GSP) helps make a Gonzaga education possible for talented and deserving students who might not be able to afford it otherwise. Since its beginning in 2008, the program has received over $700,000 in total gifts and has benefitted hundreds of students through scholarships. Thanks for your support! Learn more at www.gonzaga.edu/gsp.
GSP scholars Average program award per year, per student
Seattle TacomaSpokane Portland Phoenix
Denver
San Francisco/Bay Area East Coast
Number of donors to GSP
Choosing how to provide for Gonzaga’s future through the many estate planning vehicles available may seem like a daunting task riddled with uncertainty. However, by keeping your plans and strategies fundamentally simple, you—and your University—will be well-served. Here are some steps you can take: • Maintain an updated will or living trust that includes a bequest for Gonzaga with a specific dollar amount, a percentage of your estate, or the residual of your estate.
Thank you very much to those who give us scholarships. Without you, I wouldn’t have this opportunity to be here.
• Name “The Corporation of Gonzaga University” as a full, percentage, or contingent beneficiary of your 401K or other qualified retirement plans, IRAs, and insurance policies. This is the simplest step of all! • If you need additional income after retirement, consider creating a charitable gift annuity (CGA). What remains in the gift annuity after you pass on (and no longer need the income) goes to Gonzaga. • Consider a more complex gift planning strategy such as trusts, real estate, personal property, or others. Planning for these gifts might require legal and tax expertise, but if you are willing to explore the options, we are too! Contact Judy Rogers in the Planned Giving office to explore gift planning opportunities at rogers2@gonzaga.edu or 509-313-6141. Or, visit www.gonzaga.edu/plannedgiving.
Dwayne Williams (’13) Mechanical Engineering
Q&A
Funded by Donor Support Foley Library equipped with standard research resources through the acquisition of the Web of Science database. Cost: $70,000 for the Science and Social Science files.
[Endowment]
“This tool allows students to see all citations of an article, tracking how research evolves and grows. It moves the research process forward as core findings are then utilized in corresponding or counter research.”
What is an endowment? An endowment is a fund that lives on in perpetuity because only a percentage of the earnings are spent; protecting the corpus and ensuring the original investment will not be lost. Gonzaga’s endowment is a collection of named endowed funds that fulfill the mission of the University and support a variety of learning and enrichment opportunities for students. With the expansion of endowment support, more students can be served through scholarships, academics, student life, mission-centric programming, faculty enrichment, and other University operations.
- Linda Pierce, Collection Development Librarian
Two student assistants in art classrooms, honing their art skills and learning a range of techniques. Cost: $2,693 “I have furthered my skills specifically in the craft of printmaking, but I have also furthered my knowledge of art as a whole. Art is what I am meant to do and I love being part of it.”
How does Gonzaga’s endowment fulfill the mission? Providing students with an education that transforms them into men and women living for others is an unending endeavor at Gonzaga. In the same way, the endowment is a funding vehicle that supports our capacity to fulfill our mission forever. A strong endowment reduces reliance on tuition revenue and the burden this places on parents and students, while also delivering programmatic funding, faculty chairs and a number of other resources, far into the future and with no end date.
- Madeleine Aguilar ’12
Possibilities Because of your support, the phrase “the possibilities are endless” is actualized each day in our classrooms and through our students. Take a moment to read about some of these possibilities at Gonzaga. Find more at blogs.gonzaga.edu/gonzagagiving.
What is Gonzaga’s investment philosophy? The University’s investment philosophy is to maximize return on assets by exercising an appropriate level of risk, providing income for the benefit of our students and honoring a donor’s intent for the gift and growth of their investment into perpetuity.
Funding Opportunities Furnish the nursing department lab with fixed cameras for simulation stations. Cost: $2,000 per camera. “The cameras would allow us to video student activities, record them for instant feedback from instructor and fellow students, then refine activities in future simulations.”
What are permissible investments for endowment funds? Gonzaga’s endowment fund investments are to be diversified by spreading them among asset classes that may perform differently in various economic climates. Permissible asset classes include, but are not limited to: Equities like common stocks and mutual funds; Fixed Income such as U.S. Government Bonds and Coporate Bonds; and Cash Equivalents like Money Market Mutual Funds and Commercial Paper. For a complete listing of permissible and prohibited investments for Gonzaga’s endowed funds, go to www.gonzaga.edu/Endowment.
-Mark Beattie, Director of Distributive Learning
Stipend for an advanced psychology student to assist in research relating to positive emotions and social behavior. Cost: $500 per student, per semester. “These research opportunities allow Gonzaga students to move their psychological science skills out of the classroom and into practice; providing a necessary experience for those hoping to get into a doctoral program.”
What is the current endowment spending for fiscal year 2011?
- Assistant Professor Monica Bartlett, psychology department
A total of $5,710,283 is being spent in fiscal year 2011 from the endowment.
If you are interested in funding any of these opportunities, please contact Dustin Duvanich at 509-313-5963 or duvanich@gonzaga.edu.
AC
[Update]
The Annual Campaign is at 59% of our goal with only five months left in the fiscal year. Through the Great Teachers Program, General Scholarship Fund, and Gonzaga Scholars Program, the University is able to respond to unexpected needs as they arise, which greatly benefits students. You can give to these funds online at: www.gonzaga.edu/makeagift.
$1.4 Million
GOAL
59%
$830,000
Faculty & Programs
$2,232,607
Scholarships
$3,411,676
Snapshot
[Campus Life]
In observation of the International Day of Tolerance on Nov. 16, 2010, hundreds of students, faculty and staff stood together for justice by linking arms as a representation of the value of inclusion and tolerance in the Gonzaga, Spokane and world community. [Photo by Rajah Bose.]
About This Newsletter
Giving Recognition Tomorrow Made Possible [April 13, 2011]
Gonzaga Giving provides you, our valued donors, with information about how your gifts are hard at work. No matter your level of giving, every dollar helps provide the very best young people with an opportunity
Nicknamed TMP, this annual campus event helps students recognize that their education at Gonzaga is funded in no small part by the generous support of donors like you. On this day, students are asked to pause, reflect, and give thanks to those whose generosity is impacting their lives. The culture of giving begins with each student’s unique Gonzaga experience. Learn more at www.gonzaga.edu/tmp.
to transform themselves into men and women for others through their Jesuit education. Gonzaga Giving will be mailed to you twice a year, with monthly email updates provided through its sister online publication, the Gonzaga Giving blog (blogs.gonzaga.edu/gonzagagiving). We welcome your feedback about the newsletter and ideas for what you would like to know about how your gifts are used at Gonzaga. Please contact Stephanie Rockwell at rockwell@gonzaga.edu or (509) 313-6404 with your comments.
Ignatian Spirit Award [April 14, 2011] This award recognizes those who, through their exemplary service and benefaction to Gonzaga, are an inspiration to others. The recipients are announced each spring at the exclusive Ignation Gala dinner. Last year’s recipients were Don and Carol (RIP) Herak, who provided the lead gift to expand and renovate the Herak Center for Engineering and Applied Science, and have funded many other scholarships and areas of University need.
Did you know?
The IRA charitable rollover provision has been extended through 2011. For more information, call the Office of Planned Giving at (800) 388-0881 or email plannedgiving@gonzaga.edu.
Development Office, Gonzaga University 502 E. Boone Ave., Spokane, WA 99258-0098 800.463.6925 www.gonzaga.edu/supportgu