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Planned Giving

Joan and Joe Lipic

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Joan and Joe Lipic

Joan and Joe Lipic met as undergraduate business students at Saint Louis University. Both majored in marketing and were involved in numerous campus organizations. Joan was involved in cheerleading and a member of Sodality and the Kappa Beta Gamma sorority. Joe was involved in student government, served as statistician for the men's basketball team and even led a fundraising drive among students to raise money for the construction of Pius XII Memorial Library. They were married by former University President Paul Reinert, S.J., after graduation, raised five children and are now spoiling sixteen grandchildren. While Joe ran his own promotional products firm, Joan gave much of her time to various causes around the St. Louis area.

"The Jesuits freed me up as a thinker especially with my spirituality. They opened doors," Joe said about his SLU education. "They also instilled in me that if you think you can do something, then you do it."

"SLU changed my life," Joan added. "The Jesuits conveyed to me that I was on a mission with my life and that I must go forward to fulfill that mission."

That Jesuit-inspired drive has inspired their successful lives. In recognition of his career, Joe received the Alumni Merit Award from the John Cook School of Business. And Joan's outstanding volunteer efforts have earned her a "Woman of Achievement Award" from a St. Louis newspaper and radio station.

In recent years, Joe and Joan have become strong supporters of the research efforts at Saint Louis University School of Medicine. This followed treatment that Joan received at the University's Liver Center and more recently the care provided by SLU physicians to their daughter following her massive stroke in 2006.

"Those doctors saved our daughter's life," Joan and Joe said.

Because of their admiration for Saint Louis University, Joan and Joe have remembered SLU in their estate plans.

"We met at Saint Louis University, received a tremendous education and built lasting friendships," they said. "We are pleased to see the University grow under the presidency of Father Lawrence Biondi and his commitment to a Catholic, Jesuit education that is mission driven. Saint Louis University gave us our roots and our wings and it has spread its wings throughout our family."

"For all that the University has meant to us, we want to stir other people to give to SLU."

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A charitable bequest is one or two sentences in your will or living trust that leave to Saint Louis University 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 Saint Louis University, a nonprofit corporation currently located at St. Louis, Missouri, 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 Saint Louis University 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 educational 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 Saint Louis University 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 Saint Louis University 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 Saint Louis University where you agree to make a gift to Saint Louis University 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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