Planned Giving LEGACY GUIDE
www.lsufoundation.org/plannedgiving 1 FOUNDATION
Dear LSU Friends, The most rewarding part of my job is helping donors leave a legacy at LSU. In every case, the donors I meet feel passionately about the areas of the university they choose to support, and it is truly an honor to collaborate on turning those passions into long-term—and, often, perpetual—support of LSU.
Gwen Fairchild Director of Planned Giving gfairchild@lsufoundation.org 225-615-8915 Jane Henslee Associate Director of Planned Giving jhenslee@lsufoundation.org 225-615-8913 Mona Becnel Planned Giving Specialist mbecnel@lsufoundation.org 225-615-8914
Planning for the next step beyond our own lives can feel like a daunting task. We want to provide for ourselves while we are living, and for our loved ones and the causes that are important to us after we are gone. There are many tools that can provide income to you in your retirement while also supporting nonprofit organizations like the LSU Foundation. There are also many ways to do that in a manner that best benefits your loved ones. In the following pages, you will learn a bit about some of the most popular opportunities to make a planned gift. We have also included sample bequest language, worksheets to help guide your plans, and, of course, everything you need to get in touch with my team. Jane Henslee, Mona Becnel and I have more than 80 years of experience working with donors oneon-one to realize their philanthropic visions. We are passionate and knowledgeable about LSU and can help you leave a lasting legacy that celebrates the aspects of the Tiger spirit you hold most dear. Thank you for your generous support of LSU. Forever LSU,
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Table of Contents 4
Joining the 1860 Society
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Bequest Language
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Types of Planned Gifts
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Estate Planning Workbook
14 Planned Giving Professional Advisory Council 16 1860 Society Members www.lsufoundation.org/plannedgiving
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LSU's Fellowship for the Future
MEMBERSHIP: Recognizing Your Generosity If you have included the LSU Foundation in your estate plans, we hope you will allow us the opportunity to personally thank you and share with you the benefits of membership in the 1860 Society. Membership is conferred to anyone who submits documentation—through a letter of intent or a copy of the relevant portion of one’s will—naming the LSU Foundation as a beneficiary in his or her estate. Planned gifts can include trusts, insurance policies, annuities and retirement plans, among other options. We understand that you may not wish to be acknowledged publicly. Even if that is the case, we would appreciate the opportunity to thank you for your generosity and hear about your connection to LSU. We can also help you ensure your gift will be directed in the way you intend by providing guidance related to bequest language. It is important to us that your wishes are honored. To let us know you intend to include the LSU Foundation in your estate plans, please visit www.lsufoundation.org/1860society to download our letter of intent. A roster of 1860 Society members is included in pages 16-18 of this booklet.
MAKING YOUR BEQUEST: Who to Name If you plan to make a bequest to the LSU Foundation for the benefit of a unit or college at LSU, the LSU AgCenter or the LSU Paul M. Hebert Law Center, your will and/ or trust should name the legal entity “LSU Foundation”—rather than “LSU” or “Louisiana State University”—to clearly indicate the intent of your bequest. Gifts to “LSU” or “Louisiana State University” become state funds, whereas gifts to “LSU Foundation” are private dollars managed for and invested by the LSU Foundation on behalf of the college or unit(s) you wish to support.
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“You’d like to think you know what’s going to happen to your money, and that’s where the Foundation is good. You’re trusting people to do it.” - Dr. George Jones Dr. George and Mrs. Klileen Jones began giving to LSU in 1984. Since then, their commitment to supporting LSU has remained constant. They have also included LSU in their estate plans—to ensure that support continues beyond their own lives. In celebration of Klileen’s appreciation for music, she has included a bequest of half of her estate to the School of Music, through the LSU Foundation. The gift is unrestricted, which will allow the school the flexibility to allocate the funds where they are most needed.
BEQUEST LANGUAGE: Defining Your Gift If you are considering leaving a gift in your will to support LSU, you may wish to share the following sample bequest language with your advisors. I give, devise and bequeath to the LSU Foundation, including its successors and assigns, a 501(c)(3) qualified charitable organization whose role includes the acceptance, management and disbursement of funds in support of Louisiana State University and Agricultural and Mechanical College located in Baton Rouge, Louisiana, [insert either: (a) the sum of $ ____________; or (b) _____ % of my estate; or (c) the rest, residue and remainder of my estate.] This gift should be used [insert either: (a) at the discretion of the Board of Directors of the LSU Foundation, or (b) in connection with the NAME OF PARTICULAR PROGRAM for the BENEFICIARY COLLEGE/ SCHOOL/UNIT]. Any AWARDS/SCHOLARSHIPS/PROFESSORSHIPS established or funded with this gift should be designated as the [INSERT TITLE]. In the event that one or more of the programs that are the intended beneficiary of this gift should cease to be offered by Louisiana State University and Agricultural and Mechanical College, the LSU Foundation shall have the discretion to determine an appropriate alternative use or uses of the funds after considering my original intent and the university’s needs. www.lsufoundation.org/plannedgiving
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Types of Planned Gifts A planned gift to the LSU Foundation can be one of the easiest, most fulfilling ways to leave a legacy at LSU. There are several giving options that could help you give more than you thought possible while still achieving your personal financial goals. Your gift will support the program or unit at LSU that is most meaningful to you.
BEQUEST
Include a gift to the LSU Foundation in your will. Charitable bequests can be structured in many ways and are deductible for estate tax purposes. A will is one of the greatest gifts you can give your family.
RETIREMENT PLAN ASSETS
Simply name the LSU Foundation as beneficiary of part or all of your IRA or retirement plan. This could result in estate tax savings and, in some cases, income tax savings.
APPRECIATED PROPERTY
Donate securities or real estate that you have owned for over a year and avoid capital gains tax on appreciation. You may also qualify for a charitable income tax deduction equal to the full value of the donated assets.
LIFE INSURANCE POLICY
Simply name the LSU Foundation as beneficiary of your life insurance policy. This could result in estate tax savings. Or, donate a policy you no longer need and qualify for an itemized income tax deduction.
LIFE INCOME PLANS
Establish a charitable remainder trust or a charitable gift annuity plan that makes lifetime payments to you, your spouse or anyone you name. The remainder will pass to the LSU Foundation for the purpose you specify. The amount projected to pass to the LSU Foundation is tax deductible to the extent allowed by law.
CHARITABLE LEAD TRUST
Establish a charitable lead trust to make payments to the LSU Foundation for a set period of time. The remainder will then pass to your children or grandchildren. A lead trust can create significant gift and estate tax savings.
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“LSU enabled him to do so many things. He accomplished so much in his lifetime that I felt he would want me to give back on his behalf, for everything he was able to do with his life.” - Martha Richard, on late husband T. Byron Smith Martha Richard never attended LSU, but she recognizes how the university has impacted her life. Soon after her late first husband, architect T. Byron Smith, passed away, Richard bought a single premium life insurance policy on herself that will benefit LSU on Smith’s behalf. Richard’s insurance investment will double when realized, benefiting the College of Art + Design, but she also helps students now. After Smith’s death, Richard began celebrating his birthday by giving to the Thomas Byron Smith Memorial Scholarship. In 2014, which would have been Smith’s 70th birthday, Eva Rodriguez (at right) was the recipient.
Gifts
of
Retirement Assets
Retirement assets bequeathed to individuals may be taxed 50 to 60 percent.
Gifts of retirement assets made to the LSU Foundation are not taxed, and the estate may benefit from an estate tax charitable deduction.
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Estate Planning Workbook
This planning tool is shared as a helpful guide for your personal use and records.
Date Prepared:
PERSONAL ESTATE INFORMATION Full Name Current Mailing Address Phone Number Former Addresses Former Address #1 Dates of Residence at Address Listed Above Former Address #2 Dates of Residence at Address Listed Above Biographic & Marriage Details Social Security Number Date of Birth
Place of Birth
Father’s Name Mother’s Maiden Name Location of Birth Certificate Marital Status
Single
Married
Widowed
Divorced
Separated
Spouse’s Name Citizenship (if other than USA) Husband
Wife
Location of Marriage Certificate Any Former Marriages? Husband
Yes
No
Wife
Children of Current Marriage Birthdate
Name Gender
Married Children #
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Ages
Yes
No
Birthdate
Name Gender
Married Children #
Name Gender
Birthdate Married Children #
Ages Birthdate
Married Children #
Ages
Name Gender Name Gender
Ages
Birthdate Married Children #
Ages
Children of Husband’s Former Marriages Birthdate
Name Gender
Married Children #
Name Gender
Birthdate Married Children #
Name Gender
Ages Ages Birthdate
Married Children #
Ages
Children of Wife’s Former Marriages Birthdate
Name Gender
Married Children #
Birthdate
Name Gender
Married Children #
Name Gender
Ages Ages Birthdate
Married Children #
Ages
Do any of your children have permanent disabilities? If so, please explain.
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Deceased Children Name
Birthdate Married Children #
Gender
Ages Birthdate
Name Married Children #
Gender
Ages
If your deceased child(ren) has children, please list their names and addresses below: Name Address Name Address Name Address Military Service Service Serial Number
Branch of Service
Dates of Service Veterans Administration Disability Number Location of Discharge Papers Other People to be Considered in Your Estate Plan Name Age
Gender
Relationship
Gender
Relationship
Name Age
Charitable Organizations You Have Supported or Wish to Support Name Address Name Address Name Address Name Address
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BUSINESS OR EMPLOYMENT Retired from:
Employed by:
Name of Company Address Financial Interest, if Any Other Business Interests (Status as Partner, Stockholder or Sole Proprietor)
Location of Papers
RELIGIOUS AFFILIATION Religious Affiliation Church, Synagogue, Mosque, etc. Membership Address Phone Number
FUNERAL & BURIAL ARRANGEMENTS Name of Funeral Home Address Telephone Number
Prepaid Burial Costs $
Funeral Instructions, if Any
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Name of Cemetery Address Telephone Number
Cemetery Plot
Location of Deed Tombstone Engraving
Persons to be Notified at Death Name
Phone Number
Name
Phone Number
Name
Phone Number
Obituary Wording
CURRENT LAST WILL AND TESTAMENT OR LIVING TRUST, IF ANY Location of Will or Trust
Date of Will or Trust
Primary Executors, Trustees or Guardians Name
Phone Number
Address Name Address
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Phone Number
Secondary Executors, Trustees or Guardians Name
Phone Number
Address Name
Phone Number
Address
NOTES:
In case a trustee is appointed, the trust is to terminate when the youngest child reaches age Distribution of Estate (Specific Bequests) “LSU just runs in your blood ... Dad always said he Yes No so Does all of your estate go to spouse? wanted to give back toyour the institutions that had given
much to him. He had this inner drive that wanted everyName of Beneficiary Phone Number one to have an education ... There’s a pride of knowing that we support LSU.” - Anne Hendershot Wong, shown with husband Sit
Address
Item Designated to Beneficiary
Anne Hendershot Wong bears LSU’s colors as though Phone Number she were born in them. She even walks campus like an Address LSU alumna, with a familiarity that could come only from someone who remembers seeing the 1958 Chinese take the field in person. And, though she went ItemBandits Designated to Beneficiary to Ole Miss, that doesn’t stop Wong from honoring her Name of Beneficiary family’s deep and lasting LSU roots: her late parentsPhone Number met on campus, and her father was an LSU economics Address professor. She has committed to bolster a scholarship established by her parents, Dr. Paul T. and Mrs. Theresa Item Designated to Beneficiary Lacy Hendershot, through a portion of her estate. Name of Beneficiary
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Planned Giving Professional Advisory Council David Alexander Vintage Realty Company • Shreveport, LA
Benjamin D. Capshaw III, CFP, CIMA The Capshaw Group • New Orleans, LA
M. Thomas Arceneaux Blanchard, Walker, O’Quin & Roberts Shreveport, LA
Joseph H. Combs Freedom Financial • Oklahoma City, OK
Elizabeth M. Ary J.P. Morgan • New Orleans, LA
Dustin Dowling Peters Wealth Advisors • Baton Rouge, LA
John C. Blackman Jones Walker • Baton Rouge, LA
Terry A. Dufrene, CFA J.P. Morgan Private Wealth Management New Orleans, LA
Robert T. Bowsher Breazeale, Sachse, & Wilson • Baton Rouge, LA
Jules D. Ellender, CFP JP Morgan Chase Bank • Baton Rouge, LA
Cheryl J. Bragg, CFP Cheryl J. Bragg & Associates, Inc. Raymond James Financial Services, Inc Metairie, LA
Patrick M. Evans UBS Financial Services • Houston, TX
Judge Eugene W. Bryson Jr. Caddo Parish Courthouse • Shreveport, LA Pete J. Cajoleas Regions Morgan Keegan Trust • Jackson, MS John Cannizaro Hancock & Whitney Banks • Mandeville, LA Carol O. Caplan Latter & Blum Inc. • New Orleans, LA Benjamin C. Capshaw The Capshaw Group • New Orleans, LA
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Christian Fatzer Jr. Hancock & Whitney Banks • Mandeville, LA Nicole S. Fawley Merrill Lynch • Baton Rouge, LA Jason W. Graham New York Life Insurance Company • Baton Rouge, LA J. Darrell Green, LUTCF Northwestern Mutual • Lafayette, LA Miriam Henry Jones Walker • New Orleans, LA Mary Hester Taylor, Porter, Brooks & Phillips, LLP Baton Rouge, LA
Brent S. Honore Harvey Honore Construction Co., LLC Baton Rouge, LA Allen P. Jones Wiener, Weiss & Madison • Shreveport, LA Kevin Knobloch Wells Fargo Advisors • Baton Rouge, LA Tracy Mandart, AWMA Regent Bank • Pompano Beach, FL Don “Skipper” McAdams Jr. Cassidy Turley • Baton Rouge, LA Michael J. McCoy Hancock Bank • Baton Rouge, LA John McDermott Taylor, Porter, Brooks & Phillips, LLP Baton Rouge, LA Carey Messina Kean Miller • Baton Rouge, LA Carole Cukell Neff Sessions, Fishman, Nathan & Israel New Orleans, LA Fred A. Palmer Strategic Financial Partners, LLC Prairieville, LA Dorsey Peek ReMax First • Baton Rouge, LA Bill Peters, MBA, CFP Peters Wealth Advisors • Baton Rouge, LA J. Edgerton Pierson Jr. Regions Financial Corporation • Shreveport, LA Laura Poche J.P. Morgan • Baton Rouge, LA
Mariska Roney KPMG • New Orleans, LA Armand L. Roos Wiener, Weiss & Madison • Shreveport, LA Myron H. Schwitzer Morgan Stanley Smith Barney • Dallas, TX Carl J. Servat III Lukinovich Law Firm • Harahan, LA Jack A. “Bo” Smithwick Jr. Merrill Lynch • Shreveport, LA Katherine S. Spaht LSU Paul M. Hebert Law Center • Baton Rouge, LA Susan G. Talley Stone Pigman Walther Wittmann • New Orleans, LA Collis Temple III Primerica Financial Services • Baton Rouge, LA E. Robert Theriot III Houston, TX Brent Thomas Regions Morgan Keegan Trust • New Orleans, LA Christian N. Weiler Attorney at Law, Weiler & Rees • New Orleans, LA L. Weinstein Financial Advisor, Cetera Advisor Networks Dallas, TX Michael Weitman First Vice President, Morgan Stanley/Smith Barney Destin, FL Stephen R. Yancey Attorney at Law, Cook, Yancey, King & Galloway Shreveport, LA
Elizabeth Querbes Merrill Lynch • Baton Rouge, LA Kimberly Lewis Robinson Jones Walker • Baton Rouge, LA
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The 1860 Society began in 1993. In the following membership list, boldface denotes charter members; italics denote deceased members.
Dr. Hal Aaslestad Robert and Claudia Adley Mark K. Anderson Dr. Mary Lou Applewhite George M. and Patricia W. Armstrong Paul and Ellen Arst Sanford A. Arst Fred and Jan Atchity Anna Marie Baer Mr. William B. Baggett Sr. William and Frances Beck, PhD Dr. Bonnie D. Belleau Thomas and Gaye Bennett Patricia K. Benoit Scott M. and Ruth Bergeron James M. Bernhard Jr. Juanita M. Berryman Mr. George C. and Mrs. Merritt Betts Jamie Blair Bice Robert D. and Barbara Biggs Ruth Anne Bindursky Mrs. Bess K. and Dr. Charles Black Lee and Cindy Bloch Sybil F. Boizelle Dr. Roselyn B. Boneno Bert R. and Judith Irene Boyce Robert J. Boyle William J. and Karen G. Brack Joanne B. and Lynnwood J. Brassett, MD John C. Burch Mrs. Jean P. Burt John R. and Suetta Busenlener Susan Marshall Buzick Claire L. Cagnolatti Carol Calkins Kathryn P. Callahan William and Ann Callegari
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Mr. Earnest Dare Campbell and Mrs. Janie Campbell Cathy H. Caplan, PhD Jeffrey K. and Wendy W. Carbo William G. Castle Jr. and Mrs. Debra Castle A. Duchein Cazedessus Dr. Doyle Chambers Don M. and Jan S. Chance Ms. Kelly Cherry Mr. David E. Chozen Suzanne and Doug Christensen Alma Beth Clark Sarah Clayton Mr. Marvin R. Clemons Allen E. Cohen Max Z. Conrad Lodwrick M. Cook Kenneth C. and Carolyn G. Corkum Elizabeth Perry Courville Mr. John L. and Mrs. Kathryn Creed Mr. R. Gale Creed Allen Crow Kurt and Gene Anne Culbertson Louis D. Curet Howard and Jaie Daigle Mr. George A. Daniels Andrea M. Daugherty Mrs. Susan H. Dawson Mona and Dave J. DeFelice Jr. Mr. Donald C. Delaune Elaine Delaune Mr. Allyn C. Donaldson Jr. Donna Atwood Duffy and William C. Duffy Jr. Gwendolyn G. Dugas Mr. John W. Dupuy Christopher and Eva Dyba Mrs. Mary Frey Eaton Clarence and Rosa Lee Eidt A. James Ensley Jay Ervin Farrar Dr. Cheryl and Mr. Peter Fasullo Robert Wickliffe Fenet Natalie Fielding
Diane J. Finley, MD Albert “Joey” Folse Jr. and Judith Anne Garretson Folse Mrs. Eunice M. Fontenot Gerald and Teri Fontenot Arlene V. Ford Dr. Eileen M. Skelly Frame and Dr. George M. Frame II Mr. Mark P. Freeman Jr. David H. Frid Mr. Scott J. Fruchter Dr. and Mrs. Dexter A. Gary Mrs. Virginia M. Gayle Mr. Lester C. Gerard J.C. (Sonny) Gilbert Mrs. Martha R. and Dr. Thomas Green Mr. and Mrs. G. Lee Griffin Mr. Michael G. Griffith Mr. Cesar A. Guerra Jr. Marshall W. Guidry Arthur and Judy Halbrook Regina and John M. Hamilton Mr. Stephen H. Harmon Jr. David and Nancy Harvey Mrs. Corinne P. Harvey and Robert H. Harvey Sherri Hayes Richard W. Hicks Sarah Lou Hill Tom Hill Lucy L. Hilton Elizabeth R. Holloway Jane Honeycutt Ellen and Tommy Hontzas Mrs. Lillian Fitzgerald Klettke Hoover Mary Hutcheson Dr. George and Mrs. Klileen Jones W. Griffin “Griff” and Barbara Jones Craig and Lisa Juengling Richard and Katherine Juneau Janice Jurisich and William Leo Bishop Michael A. Katchmer Donald W. and Gayle A. Keller Dr. James L. and Mrs. Aileen Kelly
Neil and Arlene Kestner William and Constance Kidd Lucien Paul Laborde Sr. and Mrs. Peggy Laborde Luke and Sonja Laborde Rene L. Latiolais Robert E. Leake Jr. Elena R. LeBlanc Bradley A. Leger Ms. Ana A. Litvinoff Harry and Norma Longwell Dr. Alfredo and Maria Lopez Loy R. (Pug) and Jeannie Lorren Dwight MacDonald, a.s.l.a. Shirley M. Mackie Carole and John Marshall Pamela A. Martin Shirley Mayhall Raymond and Opal McDuff Mr. Larry McKee Claude B. Melebeck Jr. Mrs. Elena Mickelson Mr. Ben R. Miller Jr. Benjamin and Leslie Miller III Jimmy L. and Doris McVicker Miller Hank and Cheryl Miltenberger John Boyd Mitchell, PhD Arthur S. Moles Cong. W. Henson and Carolyn Moore Virginia L. Mouw Markwell and Paulette Nager Dick and Judy Najolia Philip J. Neck David and Terri Nelson Mrs. Eleanor P. Newman Roger H. Ogden Lt. Col. Cary Frank Owen Daryl Ann Owens James H. Painter Mrs. Joye Lawrence Parker Geradette M. Patrick Golda Patrick Richard Peck Janice Pellar
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Dr. James R. and Ann Peltier Charles O. Peyton Cecil R. Phillips Edward B. Picou Jr. and Dan G. Armstrong Douglas P. Reed Keith Reeves Mike and Lea Ann Remondet Janice Whitaker Reuther and John Reuther Martha Taylor Richard James and Patti Richards Frederick “Rusty” Richardson William Richardson Percy E. “Rebel” Roberts May Rose Robertson Dr. and Mrs. Robert A. Robicheaux Melissa Robinett, DVM and David Robinett Durinda Robinson Gwen Robinson James W. and Mrs. Winifred Robinson Linda J. Robinson Michael D. Robinson Eva Richardson Rodriguez Dean Ron and Jane Ross James P. and Ginger Roy Thomas and Darlene Ryder John W. Salisbury Jr. John and Toni Sardisco Alton and Hillery Scavo Larry and Renee Scheetz Harvey and Betty Schwartzberg Mila and George Houston Sexton III Judith Stoddard Sherman Dr. Chester P. Siess Clay and Kathy Smilie Charles M. Smith, MD Mrs. Eula T. and Mr. Wedon T. Smith Gayle B. and John Rogers Smith Glynn D. and Annie Bell Smith Dr. Eugene C. St. Martin Mrs. Pauline Stanley Mr. Tom Stephens James R. Stewart Jr. Robert B. Stobaugh James and Nancy Moore Strenk
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Robert M. and Mrs. Dotty Stuart Mrs. Loretta C. and Dr. Marvin E. Stuckey Dean A. and Rosalind Sutherland Lemuel M. Thomas Beverly Brooks Thompson Mrs. Leonard C. Tobin Deborah Dunlevy Todd Stephen and Beth Tope Florence Ann Trappey Mrs. Mara Trotter Leonel E. and Helen L. Tustison Betty R. and Gene F. Van Norman Collin Vincent Mr. Wayne Vines Thomas A. and Virginia C. Waldrop Dr. Candace Warner Timothy and Nanci Weckwerth Scott H. Westbrook Mr. Harry J. Wilson Mary Jack Wintle Margaret Womack Hart William A. Womack Anne and Sit Wong J. Lanier and Marie Yeates Dr. Janet N. Younathan Linda and Ron Young
Your LSU legacy begins with the plans you make today. Thank you for considering a planned gift to LSU.
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We would be honored to help you plan for your legacy at LSU. Planned Giving Team (225) 615-8915 gfairchild@lsufoundation.org www.lsufoundation.org/plannedgiving
FOUNDATION
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