Couple Honors Lifelong Relationship With UD

Pam and John smilingWhen John (C'66) and Pam (C'66) Adams met on campus, they started a lasting relationship with each other and with the University of Dubuque. Because of the University's importance in their life story, they created a trust, naming UD as beneficiary.

Both were transfer students with ties to UD. John was born and raised in Dubuque and Pam, a native of Highland Park, Ill., had a cousin who had attended grade school with John. "We started dating the end of our junior year and were married during our senior year," John says. "The University is a very important part of our togetherness. The friendships we formed with very dear friends and staff are a very important part of our lives. We were great friends in college and great friends today," John explains. After graduation, Pam had worked a couple of years in the athletic department. She now handles some of the Christmas decorating that adorns the campus during the holiday season.

"Obviously, we would not have met if it hadn't been for UD. So during our estate planning, we knew we wanted to include the U," John says. "We have supported UD with various methods throughout the years, but this is a more formal, permanent gift.

"And the process is easy," John says. "All you have to do is tell your attorney. If UD is as important to you as it is to us, consider including UD in your will."

"John and Pam have been wonderful supporters of their alma mater. Now they're leaving a legacy, ensuring the future looks bright for UD students," says Kara Leglar-Murphy, director for donor relations. "Scholarships are more important than ever for our students during the current economic situation. As parents struggle to help their children, they find their investments can't cover everything. And if a parent loses a job, it's more difficult to find the resources."

For more information on how you can give back to the University of Dubuque, contact Kara at or (800) 483-2586.

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.

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