Young Investors Give Back to UD

Jodi and Tom Stricker

Jodi and Tom Stricker

"Remembering the University as a part of your estate plan, as Jodi and Tom have done, is the ultimate belief in the Mission of UD. Estate gifts are often the largest financial commitment investors will make in the University of Dubuque. Testamentary investments ensure the financial future of UD and will allow it to remain a place of hope, opportunity and promise for future generations of Spartans."
—Peter Smith, vice president for enrollment management and university relations

Jodi Stricker is a small-business owner, an adjunct professor at the University of Dubuque and a success story. Her early education was a struggle, but she found the hope and opportunity to succeed at UD.

Jodi was the first person in her family to go to college, and her family didn't have the experience to support her through school. She found that support at UD.

"You can feel it as soon as you step on campus. It is a family. It's obvious they care about you. They want you to do well," she says.

Jodi was one of the first to complete UD's consolidated degree program, graduating with her master's and undergraduate degrees in 2003.

Now, she's passionate about making sure UD has what it needs to provide for other students. She and her husband, Tom, a wealth advisor, have included UD in their estate. She knows firsthand how their donation will help students.

"We make annual investments in student scholarships and realize the importance to pay it forward for other UD students to have the same opportunity that I did. Making the important decision to include the University in our estate is a continued belief in the Mission. It's a legacy that will keep going after we're gone," she says.

Jodi and Tom are in their late 30s, and she says it's not at all too soon to make these considerations for the future. The representatives at UD's Advancement Office are willing to help navigate the process.

"The process is initially intimidating, but once you get going, you realize how easy it is," she says.

Never Too Early to Plan for the Future

Investing in UD has a direct impact on students. You could help write the next success story. Contact Advancement Office at 800-483-2586 or to learn about your giving options.

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

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.