Although MNU’s planned giving
recognition is new, it includes 74 individuals as
charter members, dating back to the 1970s.
• the inclusion of the donor’s name as a Cornerstone
Society member in the University’s honor roll of donors,
which is included in MNU’s Annual Report of Giving.
This includes the category of “anonymous,” if the donor
Planned giving profile:
desires.
Dave and Ellen White
For most who include MNU in their giving plans, “being recog-
nized” for the gift is not a motivation. They are, Drummond says,
You can count Dave and Ellen White among those
demonstrating their belief in our educational mission, and in such a
who once weren’t too familiar with the nuances of
way that is advantageous to them and to the University.
planned giving, but now have included this type of
“It’s our desire to recognize these individuals for their foresight,”
giving in their estate plans. For many universities, MNU
Drummond says. “Future generations of donors and students de-
included, the huge one-time gift typically is the excep-
serve to know that others pioneered the way.”
tion. Planned gifts are much more common, because
If you’ve already included MidAmerica in your charitable and
they allow donors greater freedom and flexibility to
estate planning and have never notified MNU of your gift arrange-
give without affecting the donor’s current financial
ment, you are invited to become a member of the Cornerstone
situation. In many situations, though, there are current
Society.
tax advantages.
For additional information about the Cornerstone Society or how
The couple believes deeply
to include MNU in your estate plans, contact Tim Keeton at (913)
in higher education, and in
971-3607, send e-mail to giftplanning@mnu.edu or visit www.mnu.
edu/giving. The toll-free number is 877-496-8668.
their 50s began considering
ways to become a donor.
Ellen had been a teacher and
school administrator for more
Great news for seniors!
than 30 years, and the couple
wanted to honor educational
University Advancement is spreading the word about the
institutions as well as their
U.S. Congress extending the Pension Protection Act of 2006
church. For Dave and Ellen, a
through December 31, 2009.
life insurance product, one of
This act permits IRA owners age 70-½ or older to make a many types of planned gift
direct transfer to charity. possibilities, became a way for them to be the signifi-
Transfers of up to $100,000 cant donors they wanted to become.
may be made to MNU from
In the 1990s, the couple took out a life insurance
a Traditional or Roth IRA
policy in which MidAmerica Nazarene University was
during the year.
one of the beneficiaries. The Whites make the policy
If you are interested in
payments, which are tax-deductible, and MNU will
discussing how the IRA
receive proceeds at death according to the Whites’
rollover can benefit you
specifications.
and MNU’s students,
please contact Tim Keeton
“If you want to see MNU, other institutions, or your
in the Office of University
local church benefit, it’s probably the biggest return
Advancement at (877)
you can get on your desire to contribute,” Dave White
496-8668 or send e-mail
says. “You can give far more than through any other
to tkeeton@mnu.edu. means I know of.”
Fall 2009 | Accent magazine | 19
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