Contact Info
Location
Mowry Alumni Center
61 S. Sandusky Street
Delaware, OH 43015
Wendy Wood is honoring her time at OWU by making a gift that will make a lasting impact on future students.
When Wendy Wood '76 thinks about Ohio Wesleyan, she, like so many other alumni, describes the feelings and college memories that have bound the OWU family together for the past 175 years. Growing up in Coshocton, Wendy recalls spending many fall weekends at Ohio Wesleyan homecoming festivities and football games — "since I was old enough to walk," she chuckles. Her parents, Richard C. and Betty (Culp) Wood, both '41, actually first met in Professor Ben Spencer's English class, and Wendy's aunt and uncle were Bishops as well.
But Wendy decided to take a more circuitous route before arriving on OWU's campus as a junior, first spending two years at Stephens College in Columbia, Missouri. Transferring to Ohio Wesleyan turned out to be a "win-win" situation for Wendy, and a special joy for her parents.
"Ohio Wesleyan has always been important to me," says Wendy, who majored in politics and government and minored in secondary education and comprehensive social studies. It has been a lifelong love affair. "Remembering Professor Bill Louthan and how he taught Constitutional Law like a law school course, or how Professor Uwe Woltemade made economics so easy to understand reinforces how teaching excellence has impacted me."
Life after OWU for Wendy included graduating from law school at Ohio Northern University. She maintained a general law practice in Port Clinton for 20 years, followed by positions of Acting Judge in Ottawa City Municipal Court and Magistrate Judge in Ottawa County Common Pleas Court, retiring in 2014.
Wendy realizes the importance of being part of a planned giving program such as OWU's Tower Society, to which she was introduced many years ago by friend, Laurie Macgregor Connor '77. Working with the University, Wood is creating an endowment which will help create more opportunities to connect students with prospective employers. "Also included will be a commemorative bench placed outside Slocum Hall, where I stood so often during my student years," recalls Wood, who encourages increased philanthropic awareness among OWU alumnae.
"As women earn more money, they need to think about where they give their money," Wendy says. "That said, it's really not an issue unique to women. People should think about how college costs have significantly risen over the years, and how we all can help our students."
For more information about the Tower Society and the many ways you can make an impact on our students, please contact Jenny Batchelder, JD at jajoerge@owu.edu or 740-368-3043.
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 any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual 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.Privacy Policy | Cookie Policy
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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 may qualify for a federal income tax charitable deduction when you itemize. 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.