Spring 2012 The Planned Giving Society of the USI Foundation
Listening to needs... A beloved faculty member and academic advisor helps students define their path to graduation and meets needs directly with a scholarship endowment that will grow with a planned gift.
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ood advising really comes down to good listening, says Tim Mahoney, instructor in economics at the University of Southern Indiana. He is one of the most sought-after academic advisors on campus. I’m advising,” he said, “but what I’m really doing is listening to students about what’s going on in their lives.” Some students may have home or financial issues that affect their college experience. Others may be uncertain about the kind of career they want. Mahoney helps students set up a “Plan to Graduation.” He designed a form which presents an individualized plan showing students what courses they should take, when to take them, and the projected date of graduation if they follow this path. “A lot of students I see are between majors or thinking about changing,” he said. “They want to know about the requirements for the majors and how long it will take them to graduate. When the plan is on paper, they can see their goal realized. It makes sense to them. Knowing this is a path specifically laid out for them—not a generic path— is encouraging and reinforcing.” Also a popular teacher, Mahoney instructs a course in the fundamentals of economics that serves students in many majors, including health services, social work, and engineering. In addition, he developed and coordinates a one-hour course on money skills. Offered online, it helps students improve their basic financial literacy. Not only does Mahoney have an ear for helping students navigate the path to graduation, he also has a hand in helping them directly and personally. He has established a scholarship endowment in the USI Foundation and arranged for a planned gift, the proceeds of a life insurance policy, to increase the size of the fund. The policy is available to Mahoney as an employee of the University. Designating the USI Foundation as beneficiary allows him to assure a substantial future gift. “This has been a great institution for me,” he said. “I want to see it continue to develop.” The Tim Mahoney Business Scholarship goes to business majors demonstrating University and community service. The current recipient is Brett Bueltel, a senior accounting major. He is attorney general for the Student
Government Association, vice president of the Pre-law Club, and a member of a student team that competed in 2011 as a “final four” team in the national Student Case Competition sponsored by the Institute of Management Accountants. “It’s important for young people to be involved,” Mahoney said. “I encourage them to get internships, network, and participate in activities that connect them to the real world.”
Mahoney A young marketing graduate and 2007-08 recipient of the Mahoney scholarship already is giving back to USI. Paul Hutchens ’10 recently established a scholarship for an outof-state student on the men’s soccer team. Hutchens came from the Chicago area to play men’s soccer from 2006-09. The first student athlete to receive the Paul Hutchens Athletic Scholarship is Kevin Minor of Edwardsville, Illinois. Mahoney applauds the spirit of giving back and especially the way Hutchens identified a need and met it. continued
University of Southern Indiana
Listening to needs... Mahoney often looks to the USI Foundation to see where the needs are greatest. Prior to the construction of the Business and Engineering Center which opened in 2010, he led College of Business faculty to respond with gifts that, along with a matching gift from the Lilly Endowment, established a $25,000 endowment that makes an annual distribution to the college for programmatic support.
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We can have a part in keeping things going
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in the right direction.
“As faculty, we have a role in helping our students learn and grow,” Mahoney said, “but we’re part of a bigger picture. When we give back through the USI Foundation for programming, scholarships, or equipment, we leave a lasting impact not only on our students but on the whole University now and for the years ahead.” Besides the scholarship, Mahoney supports a number of initiatives funded by the USI Foundation. These include
Life insurance
L
ife insurance is one of the least costly and most flexible deferred gifts available. Premium payments are always significantly less than the face amount of the policy. The purchaser of a life insurance policy who names the USI Foundation as owner and beneficiary can receive a charitable gift deduction for each premium payment. The donor of an existing paid-up life insurance policy receives a charitable gift deduction approximately equal to the lesser of the basis in the policy or the cash surrender value.
Your annual gifts can continue forever
T
he University of Southern Indiana depends on many loyal friends and alumni who make annual gifts which help the University underwrite student scholarships and enhance its educational programs. When a benefactor dies, then that support ends. You can continue your commitment to support higher education on an annual basis beyond your lifetime by
Athletics, Historic New Harmony, the Society for Arts and Humanities, and Presidential Scholarships. Mahoney’s day begins early. His office is on the main level of the Business and Engineering Center where advisees generally find the door open. He arrives before 6 a.m., reads the Wall Street Journal (a resource in his economics classes), responds to email, and swims at the Physical Activities Center (PAC) before his day of teaching and advising begins. The walk to the PAC leads him to reflect on the campus transformation. He joined USI in 1987 as coordinator of the Labor-Management Education Forum. Since then, new academic buildings include the Orr Center, Health Professions Center, Liberal Arts Center, Education Center and Torrington Wing of the Science Center, Rice Library, and the Business and Engineering Center as well as new construction for other purposes and major improvements to many facilities. “We all want our days to count for something,” Mahoney said. “We can look back and say this is a great place and getting better as the University grows and develops. We can have a part in keeping things going in the right direction.”
including the USI Foundation in your will. With a bequest to the USI Foundation, you can continue your annual support where the need is greatest or to sustain specific programs which were important to you during your lifetime. You can create a permanent legacy. Here is how to accomplish that: You can perpetuate your annual support of:
With a bequest of:
$ 450 $ 10,000 $1,125
$ 25,000
$2,250
$ 50,000
$3,375
$ 75,000
$4,500
$100,000
* Assumes an average annual rate of return of 4.5 percent on bequests received by the USI Foundation.
Concerned about the level of your Social Security income? Would you like to have more income and help USI at the same time? Call the USI Foundation and ask how you can do both with a charitable gift annuity. This newsletter is for information only. For specific legal and tax-planning guidance, please consult your professional advisors.
For more information or other gift-planning ideas, return the enclosed reply card or contact the USI Foundation. David A. Bower • USI Foundation • 8600 University Boulevard • Evansville, Indiana 47712 • 812/464-1918 • www.usi.edu/foundation
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Make a Di f f erence i n t he Li ves t hat Fol l ow
Leave A Legacy® is a community-based effort that encourages people from all walks of life and all income levels to make gifts from their estates to the nonprofit organizations of their choice. This program is sponsored in Evansville by the Partnership for Philanthropic Planning through the Evansville Area Fundraising Council.