Your Gift Can Last Forever
The Power of an Endowed Gift on The Pennsylvania State University
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An endowment gift to The Pennsylvania State University today provides a brighter picture for our faculty and future students. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Penn State. The remaining funds are reinvested to ensure indefinite support.
An Example From Penn State
Dr. Larry Beuchat fondly remembers his time as a Penn State student. From the diverse, interesting peers he met to the fascinating lectures and demonstrations he experienced in class, his college degree set him on a path toward a career as a distinguished researcher in the field of food microbiology.
To recognize the Penn State faculty who inspired him and to encourage a new generation of researchers, Dr. Beuchat '65 Agr created the Dr. Larry Beuchat Professorship in Food Microbiology with a planned gift of $1 million. It is the first endowed professorship in Penn State's Department of Food Science in the College of Agricultural Sciences.
"I got my start at Penn State," Dr. Beuchat says. "The gift is a return for the effort, time, and inspiration I received in my food microbiology classes at Penn State. Now as a faculty member myself, I've seen so many young developing scientists grow in understanding the field of food microbiology, and it's been inspiring to see these young people go on to contribute to the field. I thought this professorship would be a good way to support their efforts."
Dr. Beuchat is passionate about faculty support, and he was able to use gift planning vehicles to make the impact he envisioned. The gift combines an estate gift and life insurance policy benefit to create the endowment.
Read the full story on Dr. Larry Beuchat's gift.
Not Sure How to Begin Planning?Download our FREE Personal Estate Planning Kit
- Contact Michael J. Degenhart at 888-800-9170 (toll free) or email@example.com to discuss endowed gifts.
- Seek the advice of your financial or legal advisor.
- If you include Penn State in your plans, please use our legal name and federal tax ID.
Legal Name: The Pennsylvania State University
Address: c/o Office of Gift Planning, 212 The 103 Building, University Park, PA 16802
Federal Tax ID Number: 24-6000-376
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.