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Planned Giving

Giving Is Supporting His Concordia ‘Family’

David Wee

David Wee '68

For David Wee '68, giving to Concordia is about more than just donating to his alma mater—it's about taking care of family.

After graduating from Detroit Lakes High School, David was determined to go to college and learn about life in a larger city. Having felt intimidated by the size of the Minneapolis-Saint Paul area, he turned his sights to Concordia where he had an older brother and a common Lutheran heritage. The social atmosphere, friendly fellow Cobbers and on-campus employment helped to immerse David in the Concordia culture. But it was through rigorous study that he began to find his academic passions.

"I had always had a vision of pursuing a major in mathematics, and I did that," David says.

"But at Concordia I discovered my ability for learning a second language. My freshman year it was German. I loved that class and the joy of learning another language. My sophomore year it was Spanish."

David says that one of the things that he appreciates most about his time at Concordia was the freedom he had to form his own ideas about life and faith. Outside of Concordia, he spent two years in the Peace Corps, which served as an awakening to the material and educational needs of many people around the world.

Two additional years in graduate school also taught him that while there are many topics worthy of research and even more people who are eager to conduct that research, many are lacking the funding to do so. While working as a software engineer in both the United States and Europe, David saw the need for and was grateful that he had both technical and intercultural skills.

"These years reminded me of my experiences and my struggles at Concordia, the value of persevering, and the kindness of others that helped me achieve some success," David says.

"I am grateful to have had some of those skills, however small, but I know that whatever I could offer is thanks to my education at Concordia."

David credits his time at Concordia for setting the foundation for his entire academic and professional career, saying that his confidence, sense of responsibility, and faith in God and himself were all strengthened while at Concordia. But being a Cobber alum is more than just high academic standards, which is why David named Concordia as a beneficiary of his retirement accounts.

"In the autumn of my years, I have realized that I am part of a larger community and have always been a member of the Concordia family," David says.

"So it is only right and good that I give back to my family what I am able."

We're Here to Help

Like David, you are part of the Concordia family, and your gift makes a difference. To learn more about supporting the Cobber family, contact Trina Hall at (218) 299-3445 or today.

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A charitable bequest is one or two sentences in your will or living trust that leave to Concordia College 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 give to Concordia College, a nonprofit corporation currently located at Moorhead, MN, or its successor thereto, ______________* [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 Concordia College 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 Concordia College 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 Concordia College 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 Concordia College where you agree to make a gift to Concordia College 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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