Heydingers Empower Future Generations Through Scholarships

Dorothy smiling In life, the Rev. Richard B. Heydinger, Sr., and his wife, Dorothy "Dotty" K. Heydinger, were socially conscious, with strong beliefs in civil rights and the rights of women. And even in death their beliefs remain alive through two named scholarships at the University of Dubuque.

The Rev. Heydinger passed away 25 years ago. Shortly thereafter, Dotty, their son Dr. Richard "Rick" B. Heydinger, Jr., and other donors created a scholarship in his name. Its purpose: to provide assistance to minority seminary students, with a focus on Native Americans.

Dotty Heydinger, who died in September 2006 at age 89, left a bequest in her will to establish the Dorothy K. Heydinger Scholarship, which will benefit female seminary students. Memorial gifts from friends and family will also be applied.

"There was a real connection between our family and the University," says Rick, who is leaving a bequest to support both scholarships. "My parents always voiced the importance of giving back to the community. I remember them saying that we stand on the shoulders of those who came before us."

The Rev. Heydinger, who received an honorary Doctor of Divinity from UD in 1960, was minister for 16 years at Westminster Presbyterian Church, located across the street from the University. "Many professors and students attended," Rick says, adding that the family's home was on campus, adjacent to the football stadium. "During games, the team would use our garage as their locker room," he says.

Though much has since changed, the Heydingers will always be remembered as loyal supporters of the University. "They truly believed in family, faith, education and empowering others," says Kara Leglar, Director for Donor Relations. "We are blessed to have them as friends and donors."

To learn more about establishing a scholarship in your name or the name of a loved one, contact Kara Leglar at (563) 589-3809, or Wayne Sampson at (563) 589-3621.

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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