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Dedicated to Student Success

Lovelace Dr. Miles Lovelace and Nancy Lovelace do not have children of their own, yet strong parental instincts are evident when it comes to Truman and ensuring that students have the resources necessary to thrive.

"We always considered our students to be like members of our own family," Miles reveals. "Our donations to Truman's endowment over the years supported students we knew when we were faculty members. Our gifts were invested by the Foundation. These gifts continue to support students today, and they will support students who enter the University in the future. They are also supporting Truman in its efforts to deliver the highest quality education possible."

Miles and Nancy joined the Baldwin Society in the 1990s when they were working at Truman. Miles was professor of education, head of the Division of Education and associate vice president for academic affairs. Nancy was an assistant professor of English at that time.

Documenting a gift for the University through a gift in their will earned them membership in Truman's prestigious planned giving society and provided deferred gift support for the Harold and Helen Stewart Scholarship. They established this scholarship for the Division of Education's Master of Arts in Education students, to honor Nancy's parents.

New Adventures
They took early retirement at Truman in 1997 to continue their careers in international education, which led to assignments in Beirut, Lebanon; Ankara, Turkey; and Doha, Qatar, after they left Missouri. In addition, they extended their world travels to include visiting more than 120 countries since they both began their overseas adventures with the Peace Corps in 1962 and 1963.

As they began to plan for the distribution of their estate, it was entirely logical for them to think of including Truman in their will. Their 10 years at Truman were at a very exciting time, as NMSU was transitioning to Truman State University. Their students were both challenging and diligent.

"Our colleagues were stimulating, and Truman's leadership under Presidents McClain and Magruder was inspirational," Nancy reflects.

The Lovelaces' plans for the $100,000 gift are to add $25,000 to their existing scholarship fund (The Stewart Scholarship for MAE students) and to establish a new scholarship for entering freshmen.

The Miles and Nancy Lovelace Scholarship will be funded with the remaining $75,000. This scholarship will be open to any well-qualified student with financial need who is a first generation college student, like both Nancy and Miles were.

"We know that a university education opened many, many doors for both of us that our parents and grandparents never experienced," Miles says. "We have lived rich, full lives filled with tons of world travel, study of several foreign languages and cultures, and exciting teaching experiences and adventures, which included living outside the United States a total of nearly 30 years. This would never have been possible without our university degrees. We hope that the new scholarship will offer such an opportunity to future Truman students once the scholarship is funded after our deaths."

If you want to learn how to make a mark on a student's life with a gift of a scholarship, please contact Alexandra M. Reel at 800-452-6678 or go to giving.truman.edu/giftplanning.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Truman State University 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

"I, [name], of [city, state, ZIP], give, devise and bequeath to Truman State University [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.

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 Truman 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 gift 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 receive an immediate federal income tax charitable deduction. 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 Truman as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 Truman 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 Truman where you agree to make a gift to Truman 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.