Skip to Content

Advancement: Your Connection to Union

For the Lord's Work

Donor's Passion Supports Union’s Students Through His Estate

Pancake Scholarship Recipients

Pancake Scholarship Recipients, from left: Gary Obreque, Devi Halim and JoyAndra Dunlap.

Alfred Pancake (1917-2009) demonstrated his support of Adventist education by traveling around the world to visit Adventist schools, meeting with students and paying their tuition. Alfred felt strongly about helping individuals get a Christian education so he made plans to help students till the end of time while still caring for the ones he loved.

Les Jensen, co-executor of Alfred's estate, explains, "Alfred wanted to give something back. He wanted his estate to go to the Lord's work."

Les shares how Alfred enjoyed proclaiming his love for Jesus Christ. "At a family wedding," Les recalls, "Alfred got the microphone and spoke these words: 'The Lord Jesus Christ is my Savior, and the only reason I have what I have is because of Him.'"

Alfred attended only one class at Union College, in the summer of 1960, but he greatly admired the spiritual focus found on Union's campus as well as the other Adventist schools he visited.

After serving his country in the Army Air Corps during World War II, Alfred dedicated his life to farming and grew crops that few other farmers attempted to grow. "Alfred grew all kinds of strange crops and grew food organically when everyone else was using chemicals," Les says. Some examples of Alfred's unusual crops were millet (a tiny grain commonly used in bird seed), triga (a perennial wheatgrass) and blue corn.

Over the years, Alfred acquired land in Kansas and Colorado, and also homesteaded in Canada to receive land from the Queen of England. "Alfred was very frugal," Les remembers, "and he managed to hold all the land together for many years."

Alfred Pancake

Alfred Pancake

Having land in two states and two countries could have made settling Alfred's estate very difficult without proper planning. Even though Alfred wanted his estate to go to support Adventist education, he didn't want to leave out his family members. In order to accomplish all of his goals, Alfred set up a living trust to own his land.

When Alfred died, his trust split in two. The land in Colorado and Canada remained in the original trust to be sold and the proceeds given to the General Conference of Seventh-day Adventists where Alfred had set up a donor advised fund to disburse a percentage of the funds each year to three educational institutions: Union College, Campion Academy and Holbrook Indian School.

The land in Kansas was placed in a separate trust for his family's benefit for as long as they are alive. Upon their death, the land will be sold and the proceeds put into the donor advised fund.

By setting up the trust, Alfred has continued to pay for students' tuition and helped them get the kind of education he so firmly believed in. In three years, Alfred's trust has already helped 39 students at Union. JoyAndra Dunlap, one of the recipients of Alfred's scholarship, expressed her appreciation. "This scholarship has been a Godsend!" JoyAndra says. "Without it, I wouldn't have been able to come back to Union; I would have had to stay home."

eBrochure Request Form

Please provide the following information to view the brochure.

First name is required
Last Name is required
Please include an '@' in the email address

A charitable bequest is one or two sentences in your will or living trust that leave to Union 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, [name], of [city, state, ZIP], give, devise and bequeath to Union College, a certified 501(c)(3) not-for-profit corporation registered in the State of Nebraska, [written amount or percentage of the etate 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 Union 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 Union 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 Union 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 Union College where you agree to make a gift to Union 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.

Personal Estate Planning Kit Request Form

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

First name is required
Last Name is required
Please include an '@' in the email address