Homecoming 2011: Our University, Our Future

We hope you can return to campus for our Homecoming celebration, “Our University, Our Future,” from Sept. 30 to Oct. 1, so that you can reconnect with your classmates and friends. Make plans today to attend a full weekend of events and celebrations.

Homecoming highlights include:

  • Reunions, tailgates and open houses all weekend
  • Homecoming Dinner, Alumni Awards and special recognition of the class of 1961 on Friday, Sept. 30
  • Thunder football vs. Adrian College on Saturday.

More details will follow on www.trine.edu/alumni. For more information, or if you are interested in volunteering during homecoming, please send an e-mail to alumni@trine.edu or call (260) 665-4114.

Play in the Scholarship Golf Outing on Aug. 5

Join your Trine family and play in the 21st annual Alumni and Friends Golf Outing on Aug. 5. Read what these alumni have to say about the event that raises money for scholarships.

Scott Brown, ’80, has played in the annual outing for several years.

“It is an incredible fundraising event. The course always offers a nice challenge. Add up four things: it’s a day on the golf course — and even a bad day at golf beats a good day at work. There are great tax advantages, especially with the Indiana tax credit, for the donation to the university,” Brown said. “The event itself is first class and it benefits Trine students. Not only does the university benefit financially, but the exposure to the friends is invaluable. Somewhere down the road, hopefully they will talk-up the university and their enthusiasm will convince a future student to visit and enroll at Trine.“

Brown has recruited several friends to play on his team in past years. This August, he will bring two teams.

“For those who have not been back to campus in recent years, you will not only enjoy the outing, as it is fun being on campus, but you will get to see how much has changed around the university. At the end of the day, it is rewarding when they announce the amount of money raised, and how much the students will benefit.”

John Goudy, ’70, believes that the Alumni and Friends Scholarship Golf Outing is a wonderful time to catch up with old friends and meet some new fellow alumni.

“It is also the first day of the Sig Cup which is a scholarship golf outing between the Kappa Sigs and Alpha Sigma Phis which started in 2006 to coincide with the outing,” Goudy said. “It is also terrific to know that by playing in this outing, we are helping worthy students with their education. For those alumni who have not been back to the campus in some time this is a great opportunity to see old friends and to first hand view the transformation of our university.”

For more details, visit www.trine.edu/golf.

Introducing the Trine Fund

The Trine Fund is the new fund name for gifts that support Trine University’s highest priorities throughout the year.

The Trine Fund, previously known as the Annual Fund, is vital to offering a high-quality education to students. Over 90 percent of students receive financial aid through the Trine Fund, and all students benefit in many ways from Trine Fund contributions.

What is the outreach of the Trine Fund?

  • Financial aid and student scholarships
  • Faculty support and development
  • New equipment and technological advancements
  • Renovations to classrooms, residence buildings, and athletic facilities
  • Enhanced computer labs, library resources, and new curriculum
  • Various other capital improvements

Why is it important to support the Trine Fund?

Giving to the Trine Fund helps bridge the gap between income generated by tuition and the actual cost of educating every student each year. Dollars from the Trine Fund help to improve and preserve the excellence of the university by supporting both ongoing and special needs.

Why is it essential for alumni to support the university through the Trine Fund?

Many foundations and corporate giving programs consider percentage rates of alumni giving when determining whether or not to award funding requests. They view Trine’s internal support as a significant indicator of its worthiness before determining to contribute.

In addition, organizations that publish regional and national rankings for colleges and universities often include percentage rates of alumni giving as an important factor in their evaluations. If you have any questions about the Trine Fund and how you can help, please contact Sarah Brown, director of annual giving at browns@trine.edu or at (260) 665-4316. You may also make a gift online at Trine’s secure site: www.trine.edu/give.

Estate and retirement planning

Do you know the benefits of using your retirement plan and assets for charitable giving?

IRAs, tax-qualified retirement plans and Roth Accounts offer excellent benefits for legacy giving.

Even with market fluctuations, your retirement accounts are likely your largest assets. As a result, these assets are fast becoming a major source of charitable giving for many individuals when they create or alter their estate plans. As effective as these plans are for accumulating a retirement nest egg while you are working, once you retire, these same accounts can cause tax headaches.

Retirement accounts are generally taxed as ordinary income once you take your distributions, and typically after age 70½, you are required by law to take a minimum distribution at least annually. These required minimum distributions (RMDs) are taxable income to you when you receive them. The distributions also remain taxable income for your surviving spouse and/or your heirs who inherit the distributions after your lifetime. Spouses can roll over the account and defer immediate taxation. Other heirs aren’t eligible for a rollover, but they can defer some of the taxes using a stretch IRA technique.

In addition, if your estate is subject to future estate taxes, it is possible that your heirs could face substantial income and estate taxes for non-spousal benefits.

What Are the Financial Benefits of Using Tax-Deferred Retirement Accounts for Charitable Gifts?

If you want to make a charitable gift from your estate, there are some important reasons you will want to consider using your retirement account as the vehicle to accomplish your wishes.

When gifts of retirement plan assets are made to a tax-exempt charitable organization, such as Trine University, the income taxes on the distribution from your estate are eliminated and the tax-exempt organization receives the full value of your gift. The gift amount can also be deducted from your estate value, thus reducing the amount your estate would pay in federal estate taxes.

Another valuable vehicle to transport your retirement plan assets is a charitable life income arrangement, such as a charitable gift annuity or charitable remainder trust. This gift offers lifetime payments to the beneficiary of the charitable gift annuity or remainder trust and ultimately benefits the charity thereafter. These types of gifts may reduce your tax liability since regular payments would be made to the beneficiary before the charity eventually receives a gift. Heirs often prefer a charitable option over stretching the retirement plan assets for a longer period of time.

Using a Roth IRA Account For Charitable Giving Today

The Roth IRA is different because distributions are generally income tax–free, so gifts made directly to Trine University or other tax-exempt charitable organizations from a Roth account will not generally create taxable income to you, hence giving you the full benefit of the available tax deductions. If you were to use Roth IRA assets to fund a charitable life income arrangement, such as the charitable gift annuity, you would avail yourself of all tax benefits offered by such arrangements and secure a payment stream that will last a lifetime.

How Can I Direct Such a Gift to Trine University?

The opportunities to support the school are vast. Ray Stuckey, executive director of university advancement, and the staff in the office of alumni and development are available to discuss your plans with you and help you establish a legacy gift. With their assistance, you can be assured that, when your bequest is realized by the university, the necessary documentation has been taken care of in advance.

The Charitable IRA Rollover Is Back—Enact Tax-Free Gifts for 2010 and 2011

Thanks to renewed legislation signed by President Barack Obama on Dec. 17, 2010, if you are 70½ or older, you can once again make tax-free gifts of up to $100,000 now to qualified charitable organizations like ours using funds transferred directly from your IRAs. If you act by Jan. 31, 2011, you can make a gift effective for 2010—plus, you can make a second contribution for 2011 anytime between Jan. 1 and Dec. 31, 2011. The transfer generates neither taxable income nor a tax deduction, so you will benefit even if you do not itemize your tax deductions.

For more details contact Ray Stuckey at stuckeyr@trine.edu or 260.665.4115.