(K)Nocking at Your Door
Denis Nock '58 has had a plethora of successful experiences and challenges during his six-plus decades at such prestigious international companies as Bristol-Meyers, Hayden-Miller & Company investment bankers, and for the past 19 years, Colorado Financial Management (CFM) in Boulder. More
Nault Knows Best
Dick Nault has devoted four decades of his life to OWU. He also created an endowment that will help OWU students for years to come. More
A Lifetime of Leadership and Loyalty
Lloyd Ferguson ’62 describes the simplicity of streamlining his philanthropic generosity for Ohio Wesleyan with an IRA rollover gift. More
A Love Story
Diane Mulvihill Millard ’59 didn’t know it at the time, but she helped her future husband, Bob ‘60, decide to enroll at Ohio Wesleyan more than 60 years ago. More
Mary's Story: Make Sure You Share Your Charitable Intentions With OWU
A lifelong music lover, Mary wanted to leave a lasting legacy to benefit the music program at Ohio Wesleyan, her beloved alma mater. More
Leaving a Lasting Legacy: Meet Susan Howe
Susan Howe '81 calls herself "the accidental CPA." It's not that she isn't quite proud of her fulfilling 25-year career at Ernst & Young, or more recently, after retiring, of going out on her own to do contract work for PricewaterhouseCoopers. More
The Best Gift of All
Pete Kakel '69 has fond memories of Ohio Wesleyan University that inspired him and wife, Lois, to join Ohio Wesleyan's Tower Society and support named endowments for a faculty member and soccer coach. While the campus looks quite different than 50 years ago, he says it still feels like home. More
Committed to Shaping Young Minds
Bert and Peggy DuPont '61 want to see the difference their planned gifts will have on the Ohio Wesleyan community and know they are making a difference after their lifetime. The powerhouse science couples have made a two-pronged planned gift in order to ensure OWU will continue to lead in the science and research. More
Attracting and Retaining the Best
For the late Dr. George Peters '29 and his wife, Louise, talented and dedicated college professors were to be valued, supported and sought after. A gift in their will is helping carry on that belief. More
Leading By Example: Meet George and Mimi Ross
George and Mimi Ross, Ohio Wesleyan Class of 1963, lead by example, adhering to the belief that they have a double duty-"to care for our own lives as well as for those who follow," George says.Through the couple's strong leadership, commitment to supporting Ohio Wesleyan and their unwavering dedication to increasing their classmates' engagement with OWU, George and Mimi have demonstrated the many ways alumni can support OWU. More
How You Can Help Protect OWU's Historic Buildings
Even before an anonymous OWU couple donated $8 million to repair Merrick Hall, Billie Bower granted a portion of her estate to preserving the building. Are you ready to join Billie in saving OWU's historic buildings? More
The Gift of Stock: A Win-Win Situation
John Lippincott '63 has found that donating stock to Ohio Wesleyan benefits him as well as the University. "By giving these securities to the University, I am able to avoid paying federal, long-term capital gains tax," he explains. That's not all: Gifts of common stock entitle him to a tax deduction for the stock's current market value. Donating stock isn't the only way he is making a difference at Ohio Wesleyan, however. More
Pat Ferry's Family Hands Down a Belief in Giving
Pat Ferry's dad handed down a belief in giving. "He was just that kind of person," she says. And now Pat and her family are handing down an endowment to help OWU education. More
Tower Society Profile: Patricia Frasher Papoi '66 and David Papoi '65
Although they thought about it early in life, it wasn't until their daughter began her college search that David and Pat Papoi decided it was time to give back to their alma mater. "It's never too late. ...That's the wonderful thing about it." Dave says. More
Kerns Support OWU with a Charitable Gift Annuity
For George and Joan Kerns, it all started 64 years ago on a train from New York City to Delaware, Ohio. When the couple met on that train, they had no idea that a lifetime of love-for each other and Ohio Wesleyan-had begun. More
Train Ride Forever Changes Course of Two OWU Students
Was it fate? Who'd know where two donors' lives would be had they not boarded a train to OWU together? Learn why they've included OWU in their estate plans. More
A Perfect Connection
Thanks to the advice of a good friend and a great campus visit, Barbara Bruce '64, a charter Tower Society member since 1991, fell in love with Ohio Wesleyan many years ago. More
A Perfect Match Still-And Always
For Jim '56 and Hope Hainer Metzger '59, Tower Society members for almost a year, Ohio Wesleyan was an amazing place, filled with eyeopening social and intellectual experiences. More
Richard H. Bohr, Class of '43
Richard H. Bohr '43 is an avid sportsman who can still be found on the ski slopes or at the tennis courts with his wife, Georgette. More
Judith L. Schultz, Class of '65
Prior to a career move into public relations in 1991, Judi Schultz was a well-regarded business journalist and editor with the Dayton Daily News and the now defunct Journal Herald in Dayton for 19 years. In all, she worked as a newspaper reporter and editor for more than 26 years. More
Judith Jones, Class of '69
Throughout her varied career, Judith Jones '69 had the opportunity to travel the world and to experience its different cultures. Today, she enjoys the natural splendor of her surroundings at her home on Sanibel Island. She credits much of her success and good fortune to her Ohio Wesleyan education. More
Jack A. Smith, Class of '49
Jack A. Smith '49 and his wife Peg (Oberlin '55 ), wanted to make gifts to both of their alma maters. More
Genesis of a Unitrust
It was pre-ordained that a young woman named Margaret Moltrup should enroll in 1929 at Ohio Wesleyan University. More
Planned Gift Will Benefit Ross Art Museum
Fred and Marilyn recently created a Charitable Remainder Unitrust for which Ohio Wesleyan serves as trustee. More
McFaddens Give Back to OWU Through a Charitable Gift Annuity
When Marty Phelps was applying to college, she was inspired by her pastor, Edgar N. Jackson (OWU '32). More
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to Ohio Wesleyan University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
Bequest LanguageI, [name], of [city, state, ZIP], give, devise and bequeath to Ohio Wesleyan University [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Ohio Wesleyan University or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate, or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Ohio Wesleyan University as a lump sum.
You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Ohio Wesleyan University as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and Ohio Wesleyan University where you agree to make a gift to Ohio Wesleyan University and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.