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Give Back Through an Estate Gift at Any Age (Retirement Is Not Required!)

Tanner Williams

Tanner Williams ’02

For Tanner Williams ’02, scholarships helped him achieve his goal of earning a Bachelor of Science degree in political science. That degree, combined with the unique learning experiences he had outside of the classroom as a student at Truman State University, helped lead Tanner into a successful career with AFT, the American Federation of Teachers. Currently, he serves as the director of organizingand leadership development with Texas AFT in Austin.

A northeast Missouri native, Tanner grew up in Sullivan County, graduating from Green City High School and attending Truman State University. He spent a semester in Jefferson City as a Truman legislative intern in the Missouri Senate and was later accepted as one of 12 individuals working for the Human Rights Campaign for the 2002 Campaign College.

While at Truman, he served in multiple roles on Student Senate and worked hard to increase student voter turnout. While classes and Senate were top priorities, he also worked as a model and showed horses, placing third in the world at the AQHA World Championship Show.

Tanner credits his diverse college experiences in developing his career as a leader and activist. He served seven years as a member of the Truman State University Alumni Board of Directors and continues to serve in leadership roles—including the Diana Foundation and the AIDS Foundation of Houston. Tanner was recently named a 2017 Fellow for the New Leaders Council in Austin.

“In this day and age, in terms of funding for public institutions, there is no question of the need for support at Truman State University,” Tanner says. “Alumni and friends can help support the mission of the University by providing support for students of the future.”

Tanner has elected to provide financial support through two avenues: annual gifts and an estate gift. Half of Tanner’s estate gift will support Truman’s Missouri Government Internship Program, while the other half will be used to establish an endowed scholarship for Truman students from northeast Missouri.

“By establishing a planned gift through my estate, I have made arrangements for a substantial contribution in the future while I continue supporting Truman through annual giving in the present,” Tanner says. “Making this type of commitment to the University now gives me great satisfaction. I love knowing that my gift will provide support for future Truman students.”

You can follow in Tanner’s footsteps and support your Truman passion with an estate gift. Contact Alexandra M. Reel at 800-452-6678 or areel@truman.edu.

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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

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