HNU Focus on the Future SPRING 2010

8/8/2019 HNU Focus on the Future SPRING 2010

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Tax and EsTaTE planning for Holy namEs UnivErsiTy alUmni and friEnds. issUE 1 volUmE 1

the futue

one orm or another. So when it came time todraw up our estate plans, it was only naturalthat we would choose to include HNU inthose plans. It is our hope that we can leave alegacy that will help Holy Names University

to thrive in the uture and to continue toprovide a quality education or many genera-tions o students to come.”

Each new donor will automatically become amember o the Marie-Rose Durocher LegacySociety. Names o the members o the Soci-ety are engraved on the permanent LegacySociety plaque that is located in the lobby o

the Hester Administration Building, unless,o course, a donor preers to remain anony-mous. Members o the Legacy Society receiveinvitations to special events and their namesare included as a member (or anonymous, i so

desired) in special HNU publications.

Thank you, Maura and Derril, or your

ongoing loyalty and support o Holy Names

now and in perpetuity with your legacy git.Your commitment and ‘will to win’ ensuresthat the University maintains its advantagein this world o greater competition in highereducation.

We invite alumni and riends to help HNUmeet the challenge that will ensure a new

generation o students will be ully preparedto enter into the world they have inheritedand to change it or the better. YOU can helpus reach our strategic goal o $1million in

new planned git commitments.

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An important element o this plan includesincreasing our endowment—not an easy chal-lenge in today’s economic climate. To assist in

the process, we desire to secure $1million innew planned git commitments by 2012.

In all 2008 Holy Names University received

word rom two loyal alums that they wereremembering the University in their estateplans. Maura and Derril Koberlein haveagreed to help us challenge our alumni andriends to raise $1,000,000 in planned gits

by 2012 in order to ensure that the Uni-versity benefts rom signifcant long-termrevenue streams through bequests. As Mauraand Derril invite others to leave a legacy tothe University, they will match one dollar in

their bequest or every two dollars o newlydeclared planned gits up to a maximumamount designated by them. This win-winsituation can satisy your personal planningneeds while providing the University with

important, long-term support.

As Maura Kelly Koberlein, Past Presidento the HNU Alumni Association, explains,

“Derril and I are both HNU alums (class o ’84); we are both deeply committed to givingback to the University that gave so much tous. We greatly value the education we re-ceived and the wonderul teachers who gave

that to us. Since my mother, Rosaleen CollinsKelly ’55, is also an alumna and Past Presidento the HNUAA, I cannot remember a time

in my lie that did not include Holy Names in

he Holy Names University Strategic Plan set exciting goals or the2007–2012 academic years that have motivated us to move HNUto its next level and to assure our position as a top tier spirituallyrooted university in the West.

Ky Kobr & Drr Kobr



schh BequetDuring the summer 2009 we received word that two very loyal alumnae, Mona McDaniel ’37 and Virginia Robles

88, had made provisions in their estate plans or Holy Names University to receive unds or establishing scholarships. Asou can imagine, this is exceedingly welcome news or all o us and particularly or our students who depend on additionalssistance to receive a quality Holy Names education.

MonaMcD anielgraduated rom Holy Names High School in 1933—the same year her ather died. She was always grateulo the Sisters o the Holy Names who helped her transition to College o the Holy Names, where she received her BA in nurs-

ng in 1937. Mona was indoctrinated as a Navy Nurse in March 1942 and, ollowing an extensive career as a nurse through-ut the United States and abroad, Mona retired to Las Vegas in 1969. Mona’s will established a oundation that will distributeunds annually to Holy Names University or nursing scholarships.

Virginiarobles, a native o Oakland, was a longtime supporter o liberal and humanitarian organizations. A member o he United Nations or 49 years, she was working in the city when President Harry Truman came to San Francisco to signhe UN charter in June 1945. Virginia worked or the San Francisco ofce o the State o Caliornia or 40 years. Following

etirement, she entered the WECO program at Holy Names and graduated with a BA in Humanistic Studies in 1988. Rec-gnizing the importance o a college degree, Virginia named Holy Names University as one o the benefciaries o her estate.

Hal o her git is designated or scholarships and hal or unrestricted use by the University.

Wha a w?

A will is a document that is eective only at the death o the person who created the

will (the testator). In its most basic orm, a will allows the testator to:• Name the beneciaries that will receive assets at the testator’s death

• Nominate guardian(s) to care for minor children and manage their nancial affairs

• Nominate an executor to manage the estate at death and handle the probate proceedings

Wha a roa ru or ru?

A revocable living trust is a written agreement between the person who creates the trust (the settlor) and the person whoagrees to manage the assets held in the trust (the trustee). A revocable living trust provides or the management o assets

held by the trust while the settlor is living and dictates who is to receive those assets upon the death o the settlor.

Fo cus on

Fo cus onCh W l TutWhich Estate Planning Vehicle Is Right For You?

Mona and Virginia, for so generously remembering your alma Thank You

AdvAntAges And disAdvAntAges

Wills RevOcAble living tRUstsFiled with the appropriate court and commences aterdeath. The will and decedent’s assets become a matter o

public record.

Oers more privacy than a will and operates during thesettlor’s lietime as well as at death.

Probate is a court supervised process, and can be timeconsuming and involve delays.

Designed to operate without the assistance o a court,avoiding probate expenses and delays.

The executor and executor’s attorney are entitled tocompensation based on the size o the decedent’s estate.

Requires ongoing management o the estate by a trusteeuntil termination. The trustee’s ee is oten less thanprobate ees.

This is excerpted from a larger article on choosing between wills and trusts. If you would like the full article, please send an email to [email protected].

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• A bequest in a will, or a designation of Holy Names University as a bene-ciary in a living trust, insurance policy, IRA, Keogh, 401-K or proft sharing

plan.

• The establishment of a highly tax-advantaged trust (for example, a Charitable

Remainder Trust or Charitable Remainder Unitrust) providing income to

amily and riends during their lives and the principal to Holy Names at their

death. Such a trust may also be set up so that income goes to the University

and the principal goes to your heirs.

• A gift of real estate entitles you to an income tax deduction for the property’s

ull appraised air market value. Almost any marketable real estate is suitable

or a charitable git, including personal residences. Unencumbered property ispreerable and generates the greatest tax beneft.

• A contribution to the Holy Names University Pooled Income Fund which

provides income to benefciaries, you or others you name, with the principal

let to Holy Names at the death o the benefciaries.

1221 Broadway, 21st FloorOakland, CA 94612510.451.3300

400 Twentieth StreetOakland, CA 94612510.419.1800

1608 Fourth StreetBerkeley, CA 94710510.558.6000

new ptehIn Fall 2008 Dav Cvitkovic and Carol Sellman, snjm rom the HNUOfce o Institutional Advancement met with representatives rom Cali-ornia Bank and Trust, Contango Capital Advisors, and Fitzgerald Ab-

bott & Beardsley at the behest o Steve Borg ’86, Senior Vice President &Corporate Marketing Director o Caliornia Bank and Trust. Contango

Capital Advisors, located in Berkeley, Caliornia, oers comprehensive trustand estate planning services. Fitzgerald Abbott & Beardsley is the oldestlaw frm in continuous existence in the East Bay area and one o the oldestfrms in Caliornia. We will be working with Contango, FAB, and Calior-

nia Bank and Trust to provide the most up-to-date and timely inormationas you prepare or revise your estate plans. Please see contact inormation atthe end o this newsletter.

Hw t ae gtthuh the me-reduche lec scet

Fo cus on

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Office Of PlanneD GivinG

Sr. cro Sm:dect pe ghe: 510-436-1265e: [email protected]

D ctko:vce peet ittutaceethe: 510-436-1198e: [email protected]

Betty Powell †Mary Ann Bareilles Stainback Quittman ’55Ann Leary Ragus ’29 †Rashaun RaymondAnn ReynoldsVirginia Robles ’88 †Louise † and Ron RosequistIrene Sargent †Patricia Johnson Savage ’69Gary J. and Joan Corey Semonella ’67Albert T. Shine, Jr. †Shirley L. Silvani ’55 †Loretta Reilly Smith ’87Elizabeth Anne Sousa ’42 †Robert Summers †Robert and Lorena Fragley Thorup ’51 †Mary Tigh ’55Theresa V. Towey ’55 †Cecelia Tutt ’62Gerald and Donna Erickson Vercesi ’68Vivien Fiske Wake ’89

Carolyn WallDolores Meader Walters ’51Barbara Church Wickhorst ’49Beth Noia Wiseman ’48 †Richard J. Woodward, Jr. †Michael ’86 and Diane Zumbrunnen

† Deceased

Agnes Vinson Anderson ’46Mary Vinson Anderson ’44Anonymous (9)Maria Elena Armanino-Lawbaugh ’63Rose Batori Bertolero ’38 †Gertrude Blackstock ’32 †

teven Borg ’86 andBetsy Fabro-Borg ’86

Lucillia Bezerra Boyd ’42Kathryn Wrona Brooks ’70

annie Garrett Brown ’69 †Anthony and

Andrea Brearclie Bryant ’60Dorothy Walsh Buckley ’33 †Norma Caldera Cabral ’42Ross and Lillian CadenassoLoEtta Fredinburg Cadman ’57Claire McAleer Canning ’48Mary Ruth CarletonGene † and Edith Carney †Carmelo Carone †

Vernon and Barbara Fahey Chase ’56Kathleen Agnes Connelly ’64lo Ann Hackim Connors ’46ohn W. and

Mary McDonald Coykendall ’48ohn N. † and Rosalyn M. Demling †

Lucina A. Dineen †Marguerite Cunningham Dobbins ’31 †Eva Lohmann Dodd ’48 †Cari DominguezNancy Langan Edmonds ’51 †Patricia W. Engstrom †Dawn Evans Erdelatz ’50 †

Wyn ErnestHelen Trahan Farschon ’65Rita M. Felix ’62ohn J. and Anne Sanchez Fleming ’59

Dr. Joyce Galeno ’53 †Mabel W. Goode †Elana Hunter Hall ’60Rosemary N. HallumMary B. Harley †

hirlese Hayes ’96

Grace N. Heisler †Jeanne Poe Henderson ’62Geraldine T. Hobgood ’48Linda Bellini Howson ’64Jean L. HunterMary Louise Hynes †Dr. Elinor R. Ives ’25 †Lois Akers Johnson ’53Wesley L. Jones and Martha Frank-JonesMary M. Joyce ’58Maura E. Kelly Koberlein ’84 and

Derril L. Koberlein ’84Olive S. Kinley †Inger Marie Kroman ’32 †Don and Charlene Robbins Kunitz ’83Patrick H. † and

Iris Montano Leonard ’33 †David E. and Nadine Burrell LipsonJames Loebl †Rock † and Jane Gilmer LoganMarty Loquvam †

Aileen Mackie ’64Alice Macrae ’37 †Cornell C. MaierSharon Hawn Mata ’67 †Marna Maynard ’56 †Lu McCabe ’50 †Mona McDaniel †Neil and Barbara McDaniel ’96Howard † and June Hardy McFaul ’44Patricia McGuigan ’54Eva Rita McLean ’50 †Margaret Mealey ’33 †Jani MacGregor Medeiros ’83

Sandra Marian Miraglia ’63Loretta Connors Morgan ’39 †Joseph † and Sheila Perkins Moura ’51Eileenmarie Bay Mueller ’43 †Kathrine L. Butterfeld Murphy ’67 †Maxine Murray †Mary K. O’Leary ’38A. Kathleen Oliver ’61Frances Hart Cummings Paganini ’74Frank † and Eldora Perry Peters ’40 †

me-re duche lec scetHoly Names University is honored to acknowledge those who, with special generosity and oresight, have included HolyNames University in their estate plans. Legacy Society members include individuals and amilies who have created a provisionn their estate plans to beneft Holy Names University and who have inormed the University o their commitment.

you have included Holy Names University in your estate plans and would like to be listed as a member o the Marie-RoseDurocher Legacy Society, please contact Carol Sellman, snjm, Director o Planned Giving. I you preer not to be listed, wewill respect your wishes to remain anonymous, and would welcome the opportunity to thank you or your generosity.

Documents

HNU Focus on the Future SPRING 2010