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Couple Gives Back to CSC for Launching Careers

Casey and Tanja Frye

Casey and Tanja Frye's gift to CSC will benefit future students.

Casey and Tanja Frye became actively involved in Chadron State College as students in the late 1970s and early '80s.

Casey was president of the Ag Club and Student Senate. He rode his bicycles with five other students from Chadron to Lincoln to help CSC gain support for the $4.6 million Nelson Physical Activity Center. Tanja was an outfielder for the softball team all four years at CSC and earned high enough grades to be accepted to veterinary school at Iowa State University.

The Fryes still live in Ames, Iowa, and work nearby. Tanja is a veterinarian and Casey is vice president for Burke Corporation. The Fryes have done well and often reflect on their college days when they both had fun and learned. That's why they didn't hesitate when they were asked to join the Living Legacy Club.

"We've stayed in touch with the college," Tanja says. "We put the college in our will so we can eventually help kids whose parents might not be able to provide the funds to put them through college. Chadron State supported us when we were students and gave us a nice start in our careers. It's our goal to help someone else have the same kind of opportunities."

Like the Fryes, you can leave a lasting impact on Chadron State Foundation by including a gift to us in your will or other estate plan. Contact Ben Watson at 308-432-7007 or to learn more.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Chadron State 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 Chadron State Foundation, a nonprofit corporation currently located at 1000 Main, Chadron NE 69337, 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 Chadron State 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 Chadron State 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 Chadron State 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 Chadron State Foundation where you agree to make a gift to Chadron State 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.

Personal Estate Planning Kit Request Form

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