planned giving legacy guide

www.lsufoundation.org/plannedgiving 1

Planned GivingLEGACY GUIDE

FOUNDATION

2 www.lsufoundation.org/plannedgiving

Dear LSU Friends,

The most rewarding part of my job is helping donors leave a legacy at LSU. In every case, the donors I meet feel passionately about the areas of the university they choose to support, and it is truly an honor to collaborate on turning those passions into long-term—and, often, perpetual—support of LSU.

Planning for the next step beyond our own lives can feel like a daunting task. We want to provide for ourselves while we are living, and for our loved ones and the causes that are important to us after we are gone. There are many tools that can pro-vide income to you in your retirement while also supporting nonprofit organizations like the LSU Foundation. There are also many ways to do that in a manner that best benefits your loved ones.

In the following pages, you will learn a bit about some of the most popular opportunities to make a planned gift. We have also included sample bequest language, worksheets to help guide your plans, and, of course, everything you need to get in touch with my team.

Jane Henslee, Mona Becnel and I have more than 80 years of experience working with donors one-on-one to realize their philanthropic visions. We are passionate and knowledgeable about LSU and can help you leave a lasting legacy that celebrates the aspects of the Tiger spirit you hold most dear.

Thank you for your generous support of LSU.

Forever LSU,

Gwen FairchildDirector of Planned [email protected]

Mona BecnelPlanned Giving [email protected]

Jane HensleeAssociate Director of Planned [email protected]


Table of Contents

4 Joining the 1860 Society

5 Bequest Language

6 Types of Planned Gifts

8 Estate Planning Workbook

14 Planned Giving Professional Advisory Council

16 1860 Society Members


LSU's Fellowship for the Future

MEMBERSHIP: Recognizing Your GenerosityIf you have included the LSU Foundation in your estate plans, we hope you will allow us the opportunity to personally thank you and share with you the benefits of membership in the 1860 Society. Membership is conferred to anyone who submits documentation—through a letter of intent or a copy of the relevant portion of one’s will—naming the LSU Foundation as a beneficiary in his or her estate. Planned gifts can include trusts, insurance policies, annuities and retirement plans, among other options.

We understand that you may not wish to be acknowledged publicly. Even if that is the case, we would appreciate the opportunity to thank you for your generosity and hear about your connection to LSU. We can also help you ensure your gift will be directed in the way you intend by providing guidance related to bequest language. It is import-ant to us that your wishes are honored.

To let us know you intend to include the LSU Foundation in your estate plans, please visit www.lsufoundation.org/1860society to download our letter of intent. A roster of 1860 Society members is included in pages 16-18 of this booklet.

If you plan to make a bequest to the LSU Foundation for the benefit of a unit or col-lege at LSU, the LSU AgCenter or the LSU Paul M. Hebert Law Center, your will and/or trust should name the legal entity “LSU Foundation”—rather than “LSU” or “Lou-isiana State University”—to clearly indicate the intent of your bequest. Gifts to “LSU” or “Louisiana State University” become state funds, whereas gifts to “LSU Foundation” are private dollars managed for and invested by the LSU Foundation on behalf of the college or unit(s) you wish to support.

MAKING YOUR BEQUEST: Who to Name


BEQUEST LANGUAGE: Defining Your Gift

Dr. George and Mrs. Klileen Jones began giving to LSU in 1984. Since then, their commitment to supporting LSU has remained constant. They have also included LSU in their estate plans—to ensure that support con-tinues beyond their own lives. In celebration of Klileen’s appreciation for music, she has included a bequest of half of her estate to the School of Music, through the LSU Foundation. The gift is unrestricted, which will allow the school the flexibility to allocate the funds where they are most needed.

“You’d like to think you know what’s going to happen to your money, and that’s where the Foundation is good. You’re trusting people to do it.”- Dr. George Jones

If you are considering leaving a gift in your will to support LSU, you may wish to share the following sample bequest language with your advisors.

I give, devise and bequeath to the LSU Foundation, including its successors and assigns, a 501(c)(3) qualified charitable organization whose role includes the accep-tance, management and disbursement of funds in support of Louisiana State Uni-versity and Agricultural and Mechanical College located in Baton Rouge, Louisiana, [insert either: (a) the sum of $ ____________; or (b) _____ % of my estate; or (c) the rest, residue and remainder of my estate.] This gift should be used [insert either: (a) at the discretion of the Board of Directors of the LSU Foundation, or (b) in connection with the NAME OF PARTICULAR PROGRAM for the BENEFICIARY COLLEGE/SCHOOL/UNIT].

Any AWARDS/SCHOLARSHIPS/PROFESSORSHIPS established or funded with this gift should be designated as the [INSERT TITLE]. In the event that one or more of theprograms that are the intended beneficiary of this gift should cease to be offered by Louisiana State University and Agricultural and Mechanical College, the LSU Foun-dation shall have the discretion to determine an appropriate alternative use or uses of the funds after considering my original intent and the university’s needs.


Types of Planned Gifts

A planned gift to the LSU Foundation can be one of the easiest, most fulfilling ways to leave a legacy at LSU. There are several giving options that could help you give more than you thought possible while still achieving your personal financial goals. Your gift will support the program or unit at LSU that is most meaningful to you.

BEQUESTInclude a gift to the LSU Foundation in your will. Charitable bequests can be structured in many ways and are deductible for estate tax purposes. A will is one of the greatest gifts you can give your family.

RETIREMENT PLAN ASSETSSimply name the LSU Foundation as beneficiary of part or all of your IRA or retirement plan. This could result in estate tax savings and, in some cases, income tax savings.

APPRECIATED PROPERTYDonate securities or real estate that you have owned for over a year and avoid capital gains tax on appreciation. You may also qualify for a charitable income tax deduction equal to the full value of the donated assets.

LIFE INSURANCE POLICYSimply name the LSU Foundation as beneficiary of your life insurance policy. This could result in estate tax savings. Or, donate a policy you no longer need and qualify for an itemized income tax deduction.

LIFE INCOME PLANSEstablish a charitable remainder trust or a charitable gift annuity plan that makes life-time payments to you, your spouse or anyone you name. The remainder will pass to the LSU Foundation for the purpose you specify. The amount projected to pass to the LSU Foundation is tax deductible to the extent allowed by law.

CHARITABLE LEAD TRUSTEstablish a charitable lead trust to make payments to the LSU Foundation for a set peri-od of time. The remainder will then pass to your children or grandchildren. A lead trust can create significant gift and estate tax savings.


of GiftsRetirement Assets

Retirement assets bequeathed to individuals may be taxed

50 to 60 percent.

Gifts of retirement assets made to the LSU Foundation are not taxed, and the estate may

benefit from an estate tax charitable deduction.

Martha Richard never attended LSU, but she recogniz-es how the university has impacted her life. Soon after her late first husband, architect T. Byron Smith, passed away, Richard bought a single premium life insurance policy on herself that will benefit LSU on Smith’s behalf. Richard’s insurance investment will double when real-ized, benefiting the College of Art + Design, but she also helps students now. After Smith’s death, Richard began celebrating his birthday by giving to the Thomas Byron Smith Memorial Scholarship. In 2014, which would have been Smith’s 70th birthday, Eva Rodriguez (at right) was the recipient.

“LSU enabled him to do so many things. He accom-plished so much in his lifetime that I felt he would want me to give back on his behalf, for everything he was able to do with his life.”- Martha Richard, on late husband T. Byron Smith


Date Prepared:

Estate Planning WorkbookPERSONAL ESTATE INFORMATION

Children of Current Marriage

Any Former Marriages? Husband Yes No Wife Yes No

Name Birthdate

Gender Married Children # Ages

Location of Marriage Certificate

Spouse’s Name

Citizenship (if other than USA) Husband Wife

Divorced SeparatedMarital Status Single Married Widowed

Full Name

Current Mailing Address

Phone Number

Former Address #1

Dates of Residence at Address Listed Above

Former Addresses

Former Address #2

Dates of Residence at Address Listed Above

Father’s Name

Mother’s Maiden Name

Location of Birth Certificate

Date of Birth Place of Birth

Social Security Number

Biographic & Marriage Details

This planning tool is shared as a helpful guide for your personal use and records.


Do any of your children have permanent disabilities? If so, please explain.

Children of Husband’s Former Marriages

Name Birthdate

Name Birthdate

Name Birthdate

Name Birthdate

Name Birthdate

Name Birthdate

Name Birthdate

Children of Wife’s Former Marriages

Name Birthdate

Name Birthdate

Name Birthdate

Notes:












If your deceased child(ren) has children, please list their names and addresses below:

Deceased Children

Name Birthdate

Name Birthdate

Military Service

Service Serial Number Branch of Service

Name

Address

Name

Address

Name

Address

Name

Address

Name

Address

Dates of Service

Veterans Administration Disability Number

Location of Discharge Papers

Other People to be Considered in Your Estate Plan

Name

Age Gender Relationship

Charitable Organizations You Have Supported or Wish to Support

Name

Name

Address

Name

Address



Age Gender Relationship


BUSINESS OR EMPLOYMENT

Retired from: Employed by:

Name of Company

Address

Financial Interest, if Any

Other Business Interests (Status as Partner, Stockholder or Sole Proprietor)

Location of Papers

Religious Affiliation

Church, Synagogue, Mosque, etc. Membership

Address

Phone Number

RELIGIOUS AFFILIATION

FUNERAL & BURIAL ARRANGEMENTS

Name of Funeral Home

Address

Prepaid Burial Costs $Telephone Number

Funeral Instructions, if Any


Name of Cemetery

Address

CURRENT LAST WILL AND TESTAMENT OR LIVING TRUST, IF ANY

Location of Will or Trust Date of Will or Trust

Primary Executors, Trustees or GuardiansName

Address

Phone Number

Name

Address

Phone Number

Location of Deed

Tombstone Engraving

Cemetery PlotTelephone Number

Persons to be Notified at Death

Name Phone Number

Obituary Wording

Name Phone Number

Name Phone Number


In case a trustee is appointed, the trust is to terminate when the youngest child reaches age

Distribution of Estate (Specific Bequests)Does all of your estate go to your spouse? Yes No

Secondary Executors, Trustees or GuardiansName

Address

Phone Number

Name

Address

Phone Number

Phone NumberName of Beneficiary

Item Designated to Beneficiary

Address



Address



Address

Anne Hendershot Wong bears LSU’s colors as though she were born in them. She even walks campus like an LSU alumna, with a familiarity that could come only from someone who remembers seeing the 1958 Chinese Bandits take the field in person. And, though she went to Ole Miss, that doesn’t stop Wong from honoring her family’s deep and lasting LSU roots: her late parents met on campus, and her father was an LSU economics professor. She has committed to bolster a scholarship established by her parents, Dr. Paul T. and Mrs. Theresa Lacy Hendershot, through a portion of her estate.

“LSU just runs in your blood ... Dad always said he wanted to give back to the institutions that had given so much to him. He had this inner drive that wanted every-one to have an education ... There’s a pride of knowing that we support LSU.” - Anne Hendershot Wong, shown with husband Sit

NOTES:


David AlexanderVintage Realty Company • Shreveport, LA M. Thomas ArceneauxBlanchard, Walker, O’Quin & RobertsShreveport, LA

Elizabeth M. AryJ.P. Morgan • New Orleans, LA

John C. BlackmanJones Walker • Baton Rouge, LA

Robert T. BowsherBreazeale, Sachse, & Wilson • Baton Rouge, LA

Cheryl J. Bragg, CFPCheryl J. Bragg & Associates, Inc.Raymond James Financial Services, IncMetairie, LA

Judge Eugene W. Bryson Jr.Caddo Parish Courthouse • Shreveport, LA Pete J. CajoleasRegions Morgan Keegan Trust • Jackson, MS

John CannizaroHancock & Whitney Banks • Mandeville, LA

Carol O. CaplanLatter & Blum Inc. • New Orleans, LA

Benjamin C. CapshawThe Capshaw Group • New Orleans, LA

Benjamin D. Capshaw III, CFP, CIMAThe Capshaw Group • New Orleans, LA

Joseph H. CombsFreedom Financial • Oklahoma City, OK

Dustin DowlingPeters Wealth Advisors • Baton Rouge, LA Terry A. Dufrene, CFAJ.P. Morgan Private Wealth ManagementNew Orleans, LA

Jules D. Ellender, CFPJP Morgan Chase Bank • Baton Rouge, LA

Patrick M. EvansUBS Financial Services • Houston, TX

Christian Fatzer Jr.Hancock & Whitney Banks • Mandeville, LA

Nicole S. FawleyMerrill Lynch • Baton Rouge, LA

Jason W. GrahamNew York Life Insurance Company • Baton Rouge, LA

J. Darrell Green, LUTCFNorthwestern Mutual • Lafayette, LA

Miriam HenryJones Walker • New Orleans, LA

Mary HesterTaylor, Porter, Brooks & Phillips, LLPBaton Rouge, LA

Planned Giving Professional Advisory Council


Brent S. HonoreHarvey Honore Construction Co., LLCBaton Rouge, LA

Allen P. JonesWiener, Weiss & Madison • Shreveport, LA

Kevin KnoblochWells Fargo Advisors • Baton Rouge, LA

Tracy Mandart, AWMARegent Bank • Pompano Beach, FL

Don “Skipper” McAdams Jr.Cassidy Turley • Baton Rouge, LA Michael J. McCoyHancock Bank • Baton Rouge, LA

John McDermottTaylor, Porter, Brooks & Phillips, LLPBaton Rouge, LA

Carey MessinaKean Miller • Baton Rouge, LA

Carole Cukell NeffSessions, Fishman, Nathan & Israel New Orleans, LA

Fred A. PalmerStrategic Financial Partners, LLC Prairieville, LA

Dorsey PeekReMax First • Baton Rouge, LA

Bill Peters, MBA, CFPPeters Wealth Advisors • Baton Rouge, LA

J. Edgerton Pierson Jr.Regions Financial Corporation • Shreveport, LA

Laura PocheJ.P. Morgan • Baton Rouge, LA

Elizabeth QuerbesMerrill Lynch • Baton Rouge, LA

Kimberly Lewis RobinsonJones Walker • Baton Rouge, LA

Mariska RoneyKPMG • New Orleans, LA

Armand L. RoosWiener, Weiss & Madison • Shreveport, LA

Myron H. SchwitzerMorgan Stanley Smith Barney • Dallas, TX

Carl J. Servat IIILukinovich Law Firm • Harahan, LA

Jack A. “Bo” Smithwick Jr.Merrill Lynch • Shreveport, LA

Katherine S. SpahtLSU Paul M. Hebert Law Center • Baton Rouge, LA

Susan G. TalleyStone Pigman Walther Wittmann • New Orleans, LA

Collis Temple IIIPrimerica Financial Services • Baton Rouge, LA

E. Robert Theriot IIIHouston, TX

Brent ThomasRegions Morgan Keegan Trust • New Orleans, LA

Christian N. WeilerAttorney at Law, Weiler & Rees • New Orleans, LA

L. WeinsteinFinancial Advisor, Cetera Advisor NetworksDallas, TX

Michael WeitmanFirst Vice President, Morgan Stanley/Smith BarneyDestin, FL

Stephen R. YanceyAttorney at Law, Cook, Yancey, King & GallowayShreveport, LA


Dr. Hal Aaslestad Robert and Claudia Adley Mark K. Anderson Dr. Mary Lou Applewhite George M. and Patricia W. Armstrong Paul and Ellen Arst Sanford A. Arst Fred and Jan Atchity Anna Marie Baer Mr. William B. Baggett Sr. William and Frances Beck, PhD Dr. Bonnie D. Belleau Thomas and Gaye Bennett Patricia K. Benoit Scott M. and Ruth Bergeron James M. Bernhard Jr. Juanita M. Berryman Mr. George C. and Mrs. Merritt Betts Jamie Blair Bice Robert D. and Barbara Biggs Ruth Anne Bindursky Mrs. Bess K. and Dr. Charles Black Lee and Cindy Bloch Sybil F. Boizelle Dr. Roselyn B. Boneno Bert R. and Judith Irene Boyce Robert J. Boyle William J. and Karen G. Brack Joanne B. and Lynnwood J. Brassett, MD John C. Burch Mrs. Jean P. Burt John R. and Suetta Busenlener Susan Marshall Buzick Claire L. Cagnolatti Carol Calkins Kathryn P. Callahan William and Ann Callegari

Mr. Earnest Dare Campbell and Mrs. Janie Campbell Cathy H. Caplan, PhD Jeffrey K. and Wendy W. Carbo William G. Castle Jr. and Mrs. Debra Castle A. Duchein Cazedessus Dr. Doyle Chambers Don M. and Jan S. Chance Ms. Kelly Cherry Mr. David E. Chozen Suzanne and Doug Christensen Alma Beth Clark Sarah Clayton Mr. Marvin R. ClemonsAllen E. CohenMax Z. ConradLodwrick M. CookKenneth C. and Carolyn G. CorkumElizabeth Perry CourvilleMr. John L. and Mrs. Kathryn CreedMr. R. Gale CreedAllen CrowKurt and Gene Anne CulbertsonLouis D. CuretHoward and Jaie DaigleMr. George A. DanielsAndrea M. DaughertyMrs. Susan H. DawsonMona and Dave J. DeFelice Jr.Mr. Donald C. DelauneElaine DelauneMr. Allyn C. Donaldson Jr.Donna Atwood Duffy and William C. Duffy Jr.Gwendolyn G. DugasMr. John W. DupuyChristopher and Eva DybaMrs. Mary Frey EatonClarence and Rosa Lee EidtA. James EnsleyJay Ervin FarrarDr. Cheryl and Mr. Peter FasulloRobert Wickliffe FenetNatalie Fielding

The 1860 Society began in 1993. In the following membership list, boldface denotes charter mem-bers; italics denote deceased members.


Diane J. Finley, MDAlbert “Joey” Folse Jr. and Judith Anne Garretson FolseMrs. Eunice M. FontenotGerald and Teri FontenotArlene V. FordDr. Eileen M. Skelly Frame and Dr. George M. Frame IIMr. Mark P. Freeman Jr.David H. FridMr. Scott J. FruchterDr. and Mrs. Dexter A. GaryMrs. Virginia M. GayleMr. Lester C. GerardJ.C. (Sonny) GilbertMrs. Martha R. and Dr. Thomas GreenMr. and Mrs. G. Lee GriffinMr. Michael G. GriffithMr. Cesar A. Guerra Jr.Marshall W. GuidryArthur and Judy HalbrookRegina and John M. HamiltonMr. Stephen H. Harmon Jr.David and Nancy HarveyMrs. Corinne P. Harvey and Robert H. HarveySherri HayesRichard W. HicksSarah Lou HillTom HillLucy L. HiltonElizabeth R. HollowayJane HoneycuttEllen and Tommy HontzasMrs. Lillian Fitzgerald Klettke HooverMary HutchesonDr. George and Mrs. Klileen JonesW. Griffin “Griff” and Barbara JonesCraig and Lisa JuenglingRichard and Katherine JuneauJanice Jurisich and William Leo BishopMichael A. KatchmerDonald W. and Gayle A. KellerDr. James L. and Mrs. Aileen Kelly

Neil and Arlene KestnerWilliam and Constance KiddLucien Paul Laborde Sr. and Mrs. Peggy LabordeLuke and Sonja LabordeRene L. LatiolaisRobert E. Leake Jr.Elena R. LeBlancBradley A. LegerMs. Ana A. LitvinoffHarry and Norma LongwellDr. Alfredo and Maria LopezLoy R. (Pug) and Jeannie LorrenDwight MacDonald, a.s.l.a.Shirley M. MackieCarole and John MarshallPamela A. MartinShirley MayhallRaymond and Opal McDuffMr. Larry McKeeClaude B. Melebeck Jr.Mrs. Elena MickelsonMr. Ben R. Miller Jr.Benjamin and Leslie Miller IIIJimmy L. and Doris McVicker MillerHank and Cheryl MiltenbergerJohn Boyd Mitchell, PhDArthur S. MolesCong. W. Henson and Carolyn MooreVirginia L. MouwMarkwell and Paulette NagerDick and Judy NajoliaPhilip J. NeckDavid and Terri NelsonMrs. Eleanor P. NewmanRoger H. OgdenLt. Col. Cary Frank OwenDaryl Ann OwensJames H. PainterMrs. Joye Lawrence ParkerGeradette M. PatrickGolda PatrickRichard PeckJanice Pellar


Dr. James R. and Ann PeltierCharles O. PeytonCecil R. PhillipsEdward B. Picou Jr. and Dan G. ArmstrongDouglas P. ReedKeith ReevesMike and Lea Ann RemondetJanice Whitaker Reuther and John ReutherMartha Taylor RichardJames and Patti RichardsFrederick “Rusty” RichardsonWilliam RichardsonPercy E. “Rebel” RobertsMay Rose RobertsonDr. and Mrs. Robert A. RobicheauxMelissa Robinett, DVM and David RobinettDurinda RobinsonGwen RobinsonJames W. and Mrs. Winifred RobinsonLinda J. RobinsonMichael D. RobinsonEva Richardson RodriguezDean Ron and Jane RossJames P. and Ginger RoyThomas and Darlene RyderJohn W. Salisbury Jr.John and Toni SardiscoAlton and Hillery ScavoLarry and Renee ScheetzHarvey and Betty SchwartzbergMila and George Houston Sexton IIIJudith Stoddard ShermanDr. Chester P. SiessClay and Kathy SmilieCharles M. Smith, MDMrs. Eula T. and Mr. Wedon T. SmithGayle B. and John Rogers SmithGlynn D. and Annie Bell SmithDr. Eugene C. St. MartinMrs. Pauline StanleyMr. Tom StephensJames R. Stewart Jr.Robert B. StobaughJames and Nancy Moore Strenk

Robert M. and Mrs. Dotty StuartMrs. Loretta C. and Dr. Marvin E. StuckeyDean A. and Rosalind SutherlandLemuel M. ThomasBeverly Brooks ThompsonMrs. Leonard C. TobinDeborah Dunlevy ToddStephen and Beth TopeFlorence Ann TrappeyMrs. Mara TrotterLeonel E. and Helen L. TustisonBetty R. and Gene F. Van NormanCollin VincentMr. Wayne VinesThomas A. and Virginia C. WaldropDr. Candace WarnerTimothy and Nanci WeckwerthScott H. WestbrookMr. Harry J. WilsonMary Jack WintleMargaret Womack HartWilliam A. WomackAnne and Sit WongJ. Lanier and Marie YeatesDr. Janet N. YounathanLinda and Ron Young


Your LSU legacy begins with the plans

you make today.

Thank you for considering a planned

gift to LSU.

20 www.lsufoundation.org/plannedgivingFOUNDATION

We would be honored to help you plan for your legacy at LSU.

Planned Giving Team(225) 615-8915

[email protected]/plannedgiving

planned giving legacy guide

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