A Heart for Union Inspires Generous Planned Gift
Throughout their lives LeRoy ('37) and Martha Cook ('38) Wasemiller actively supported their church, helped Union College students pay their tuition and lovingly raised two children. It was perfectly natural for the Wasemillers to continue giving to what they valued above all else, even after they died.
LeRoy and Martha met and were married while attending Union College. They lived in the College View neighborhood for many years and built a concrete and construction business that supported their family and 40 employees.
"Dad left Union after one year because he couldn't afford to attend," noted their daughter Janet McKeehan '63. "He always wished he could have had more schooling, so he wanted to help others get what he couldn't have."
"Dad started the business in a wooden trailer and a truck," Janet explained. "Eventually the business grew, and Dad always had Union students work for him so they could earn money for tuition." LeRoy was so committed to helping his student employees, he would often find work for them even when the weather would shut other construction companies down.
Janet added that her parents even paid some students' tuition, going as far as helping put one student through medical school.
LeRoy and Martha were active members at College View church and when a new church was built in 1975, their company helped with the construction. LeRoy was an elder and considered by many to be a pillar of College View church.
"Mom and Dad definitely had a heart for College View church and Union College," said Janet.
When LeRoy and Martha planned how their estate would be split, they chose to divide it among the people and organizations they loved—one-third of their estate to their children, one-third to their church and one-third to Union College.
LeRoy and Martha reached out to the Kansas-Nebraska Conference of Seventh-day Adventists' Trust Services department for help and created a charitable remainder unitrust. The CRUT provided the Wasemillers with an income stream for the rest of their lives and, upon their deaths, the money left in the trust went to the Kansas-Nebraska Conference as well as Union College.
"Working with conference trust services personnel to create a will or a trust is an excellent way for our alumni to remember Union College, their local churches and other Seventh-day Adventist organizations," said LuAnn Davis, Vice President for Advancement. "Our staff can bring value to the estate planning process by answering your questions and explaining how various planned gifts can help you meet your financial goals as you work with the conference personnel to finalize your plans."
The Wasemillers have both died and their CRUT has dispersed their gift to Union without any restrictions. Union College's Board of Trustees is carefully considering how to use the Wasemillers' gift, as well as several other unrestricted estate gifts, to better serve students and provide the best possible education in Union's unique Christ-centered, student-focused environment.
If you want to speak with a planned giving professional who can answer your questions and give you a step-by-step plan on how to organize your estate, please contact Ken Farrow, Director of Leadership Giving, at 402-486-2600, Ext. 2200 or email@example.com. Scot can help you continue to give, even after you have passed away, to the people and organizations you have cherished all your life.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.