Campus Mom's Contributions Are Vast

Barb and Jack smiling Barbara Smeltzer can't help but talk about the University of Dubuque like a proud parent. She's the campus mom after all.

When Barb retired after 31 years as an elementary teacher, she didn't intend to start a career in academia. But at her alma mater's request, she agreed to coordinate field placements in the education department for one year.

Now she's been at UD for 17 years, including the last 14 as undergraduate student resources advisor, better known as "campus mom."

"A student asked how many children I have and I said, ‘about 1,700,'" Barb says. "I'm enjoying every minute of it."

Barb and her husband, Jack, spend so much time with students that Jack is affectionately referred to as "pops" or "campus dad," and received an honorary degree from UD in 2002.

A Gift to Honor Quality Education
Yet the Smeltzers decided to make a bequest to UD long before they became the campus parents. Barb, who studied elementary education and English at UD, says she was prepared for her career when she graduated in 1966. She saw this same trait in the UD students who visited her classroom as student teachers or clinical observers. The Smeltzers' bequest honored the quality of a UD education-and the gift continues to grow.

"I've become more and more of a believer," Barb says. "The longer I am there, the bigger the gift will get."

The Smeltzers also set up an endowed scholarship in her dad's name, Major General Francis J. Kelly, for ROTC cadets.

In making their estate gift, the Smeltzers took advantage of an estate review service through UD. The review offered good ideas, including tax advantages and how to expand the gift, Jack says.

If you have UD in your estate plans currently, please call and visit with us to make sure the intent of your gift is recorded accurately. A periodic review of your estate plans is helpful no matter what size of gift and especially after major life changes.

Consider Your Legacy
If you would like to create a brighter future for the University of Dubuque and its students, consider making a planned gift through your estate. Contact us today at 800-483-2586 or email us at udalumni@dbq.edu to learn more.

A charitable bequest is one or two sentences in your will or living trust that leave to University of Dubuque 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 Language

"I, [name], of [city, state, ZIP], give, devise and bequeath to the University of Dubuque [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 the University of Dubuque 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 the University of Dubuque 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 the University of Dubuque 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 the University of Dubuque where you agree to make a gift to the University of Dubuque 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.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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