A New Look: Gift to Advance Women in Math and Science

Kim Thomadsen KleberWhen she began her studies, Kim Thomadsen Kleber was told, "You don't look like an engineer." Now she has endowed an engineering-focused scholarship through her estate plan as her part in advancing women in math and science.

"I was always interested in math and science, arriving at the University of Michigan as a pre-med student. A series of coincidences altered my path when I couldn't get into chemistry—having placed out of first year, and second-year classes were full—and had better luck talking my way into the full physics class," Kim says.

"During that first semester, I watched my fellow pre-med roommate fall apart after her first chemistry exam, and I began wondering if med school was the right path for me, along with the many years of tuition required.

"By then I had pledged Alpha Gam, and my sister-mother Christina Pappageorge Bennet was an industrial and operations engineering major. By luck or by destiny, I spent time talking with her and other sisters about engineering."

With their encouragement, she applied and was accepted to the College of Engineering that winter.

"I still remember being told, ‘You don't look like an engineer'—a bias/compliment based on all engineers being ‘nerdy,' and women—then and now-representing less than 10 percent of engineering students," Kim says.

"An engineering foundation—problem solving and more—opens doors for women to pursue numerous career directions. Encouraging girls to pursue math and science in K-12 is critical. Providing support then and through college is essential. Beginning as early as third grade, the statistics for girls' expressing interest in math/science are abysmal, as is the year-by-year drop-off rate.

"I made a commitment to affect change by endowing an engineering-focused scholarship with the Alpha Gamma Delta Foundation as my part in advancing women in math and science. I did it because Alpha Gamma Delta is special to me, and I did it through a gift in my will," she says.

"So listen to your inner voice. Change your mind. Ask questions. Listen. Lead. Appreciate. Join me in giving back to Alpha Gamma Delta to affect change, live your passion and support our future generations of sisters."

A charitable bequest is one or two sentences in your will or living trust that leave to the Alpha Gamma Delta Foundation 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 the Alpha Gamma Delta Foundation, a nonprofit corporation currently located at 8710 N Meridian Street, Indianapolis, IN 46260, 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 the Alpha Gamma Delta Foundation 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 the Alpha Gamma Delta Foundation 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 the Alpha Gamma Delta Foundation 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 the Alpha Gamma Delta Foundation where you agree to make a gift to the Alpha Gamma Delta Foundation 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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