Planned Gifts Create a Lasting Legacy
While creating their estate plans, Donald '72 and Paulette '72 Caster reflected on the people and organizations that have helped to shape their lives.
"As you age, you begin to look back on your life and review how you got where you are and how you became the person you are. The inevitable question 'what decisions or events made a difference' is part of the process," said Don. "While our parents are a given major contributor, both Paulette and I agree that Walsh University and the Brothers of Christian Instruction, all the way back to St. Thomas Aquinas High School, made a huge difference in our lives."
The Casters also believe in paying it forward. As the successful owners and founders of Raisin Rack Natural Food Markets in Canton and Westerville, Ohio, the couple created an endowed scholarship fund at Walsh to help students attain their educational dreams. In addition, they established a planned gift benefiting Walsh University. A planned gift is a contribution that is arranged in the present and allocated at a future date, commonly donated through a will or trust.
While creating a personal and lasting legacy, there are additional benefits for establishing a planned gift that include tax savings and quarterly income earnings, and, in most cases, a planned gift will cost nothing during your lifetime. While tax and estate plan benefits are not the primary reasons to make a planned gift, federal and state tax laws may impact how you should contribute. Working with a financial planner and notifying Walsh University are important steps to creating a planned gift.
"The real value of paying back to Walsh University was solidified during my tenure on the Walsh Board and while developing a true understanding of the Legacy at Walsh," explained Caster. "Notifying the University now is part of paying it forward and, hopefully, leading others to identify Walsh University as a worthy recipient when so many people of our age plan their estates, large or small. A legacy of changing people's lives can only continue when those that have benefited pay back."
There are several planned giving options that create a personal legacy at Walsh University while offering financial benefits to the benefactors. By including a gift to Walsh University in your estate plans, you are not only making an investment in Walsh's future but also directly impacting the lives of our students.
"If you've already completed a gift that will benefit Walsh University through your estate or income-producing arrangement, please let us know now. Not only do we want the opportunity to celebrate your generosity, knowing about future gifts will help guide the University in our future plans and endeavors," said Vice President of University Advancement Eric Belden. "On behalf of Walsh, I would like to extend our gratitude to the Casters and to all of our benefactors who have remembered Walsh in their estate plans. Through our donors' thoughtful generosity, we have raised nearly $5 million in estate gifts during the We Believe Campaign alone."