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Your Gift Planning Team (l-r) Brian Casey, Director of Development,
Patricia M. Moline, CFRE, CFP,®
Lynda M. Jacobson, Pat Vickerman,Assistant Vice Presidents of Development
Visit us at: [email protected]
515-294-5398 800-621-8515
The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited inexamples are based on rates current at the time of printing and are subject to change. References to estate and income tax includefederal taxes only; individual state taxes may further impact results.
I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
WOMEN & PHILANTHROPYIowa State University Foundation
2505 University BoulevardP.O. Box 2230
Ames, IA 50010-2230
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Industry Pioneer and ISU Alumna Excitedto Support New Chemistry FacilityFor more than 50 years, Kathryn “Kitty” Hach Darrow andher late husband, Clifford, owned the Hach ChemicalCompany, one of the most successful chemical companies inthe world. With a recent $10 million pledge toward a newchemistry building, Kitty is giving back to Iowa State, theuniversity where she says it all began.
“If it had not been for Iowa State, the Hach ChemicalCompany would have never been,” said Kitty. “Our wholelife was chemistry. Clifford loved chemistry so much and hewas so grateful to Iowa State and all of the university’s con-tributions to his education and career.”
Kitty and Clifford met at Iowa State and became a powerfulteam in the chemical sciences industry. Kitty was an ISUsophomore studying home economics when she met Clifford.They hit it off immediately and were married a year and ahalf later. “I took an economics exam the morning of ourwedding and I got a B. I was really amazed but I still remem-ber that very clearly,” said Kitty.
Known as an ardent chemistry student at ISU, one of Clifford’sprofessors presented him with an unexplored opportunity. Hewas introduced to a substance called enthylenediamine tetra-acetate (EDTA) without any known uses in industry. Cliffordhad an inspired idea. He used EDTA in a product that testedthe hardness of water. It became their company’s first product.
“Dr. Harvey Diehl was one of the professors that gave us ourbig break,” said Kitty. “I know many of Clifford’s professorsthought of him as a star student and had a lot of respect forhis analytical abilities. Clifford always felt a lot of gratitudeto Iowa State for what turned out to be life-changing oppor-tunities.”
continued on page 3
“Iowa State is one of themost outstanding chemistryuniversities in the UnitedStates and I wanted to be a part of it.”
Kathryn Hach Darrow at the announcement ofher $10 million commitment toward constructionof a new chemistry building at Iowa StateUniversity.
SPRING 2008
glad you asked with Pat Moline
I am interested to learn how to include charitable givingin my own financial planning. However, I want to besure that my own finances are in order before I begin.What are some simple steps to meeting this goal? Financial planning is an ongoing process – a task that is never quite finished.To start, take an inventory of your assets and liabilities, plus your sources ofincome. Next, create or update your current budget. Finally, outline your futuregoals and needs. This sort of planning is quite an undertaking, but it is wellworth the effort. Consider enlisting the help of a professional advisor.
I would like to know how to choose the best advisors for my situation.Attorneys, CPAs, Financial Planners — all these advisors can meet one ormore planning needs. And all these advisors should be aware of the differentways to incorporate charitable goals into personal planning. Before you decideto work with any advisor, be sure to ask them questions about their experience,especially in advising clients on charitable giving.
How would a charitable gift fit into my planning? An effective charitable gift is often the result of good timing plus goodintentions. Many donors discover how well charitable giving can work for themin the process of drawing up a retirement or estate plan. Before you startplanning, be sure to let your professional advisor know that you are interestedin ways to give to ISU and favorite charities.
If you have questions for Pat, please feel free to call her at 1-800-621-8515 or e-mail at [email protected].
How You Can Make a DifferenceThe key may very well be through aplanned gift.
A planned gift is essentially a “user-friendly” major gift. It may involve anoutright gift of an appreciated asset, agift with a retained income stream, ora testamentary provision such as acharitable bequest or beneficiarydesignation from a qualifiedretirement plan or life insurancepolicy.
With a planned gift both Iowa Stateand the donor benefit. Often thedonor enjoys substantial tax andfinancial benefits, and Iowa Statereceives a larger gift than otherwisemight be possible.
To get the most out of your plannedgift, you need to coordinate it with yourfinancial and estate planning. We willbe happy to work with you and yourfinancial advisors. To initially exploreyour opportunities, we urge you to sendfor a complimentary copy of ourbooklet, Making a Difference. Find outthe many ways you can benefit IowaState while benefitting yourself.
2 3I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
How Does Philanthropy Affect Your Experience at Iowa State University?
“The scholarships I receive pay for a huge chunk of mycollege costs and it means so much to me. I’m the oldestof seven kids and one of the only people in my family toattend college. One of my goals is to graduate fromcollege, pursue a career in broadcasting and make suremy brothers and sisters are well taken care of.”
— Tameka Hilson ’09Des Moines, Iowa
Communications Studies
Voices of Giving
“As an out of state student, the scholarships I wasoffered truly made a difference in my decision to attendISU. Once I got to Iowa State, having that realizationthat Iowa State has such generous alumni and friendsreally instilled a sense of pride and urge to continue thattradition once I leave, so that future students can reapthe same benefits that I did. My experiences at IowaState have been nothing short of amazing and I trulyam blessed to have received the scholarships that I did.”
— Ashley Zappa ’08Eagan, Minn.
Chemical Engineering
“For me, attending IowaState probably wouldn’thave been feasible with-out scholarships. Justhaving someone say ‘youcan do it’ or ‘we believein you’ boosted my confidence and made an impact on my life.— Tyler Christiansen ’05
Denison, IowaExercise Sports Science
with a minor in Health Studies
WOMEN & PHILANTHROPY WORKSHOP
GIVING WITH PURPOSEMay 13, 2008
8:00 a.m. – 3:30 p.m.Scheman Building, Iowa State Center, Ames, Iowa
This workshop will focus onphilanthropy and the financialwell-being of women. It willhelp women plan for thefuture, make wisephilanthropic choices, andbecome more educatedabout personal and familyfinances.
In the past thirty years, women’s philanthropy has emerged as a distinctmovement using innovative and creative ideas to improve local, nationaland global communities. Women view philanthropy not so much as givingas they do investing in change and causes that are personally meaningful.
Women have long served as volunteers, sharing their time and talents toimprove their community and the world. Today, women are engaged inphilanthropy from many perspectives — as donors, professionals, fundraisers, and nonprofit leaders. Women are merging power, money and thedesire to act as catalysts for change — and are making a difference.
For more information and to register, please visit the Web site atwww.withprideandpurpose.org (click on the News and Events tab). You mayalso call 515-294-4607 or email [email protected].
Sara Martinez TuckerUnder Secretary, United States Department of EducationSara Martinez Tucker is the under secretary of education, the U.S. Department of Education’s top highereducation official. She was nominated to her post by President George W. Bush on Sept. 5, 2006, andconfirmed by the Senate on Dec. 9, 2006. As under secretary, she oversees all policies, programs andactivities related to postsecondary education, vocational and adult education, and federal student aid. She also is leading efforts to carry out the recommendations from Secretary of Education MargaretSpellings’ Commission on the Future of Higher Education, which called for expanding the accessibility,affordability and accountability of postsecondary education for all Americans.
Prior to joining the U.S. Department of Education, Tucker worked for nine years as the CEO and president ofthe Hispanic Scholarship Fund (HSF), where she pursued an aggressive goal to double the rate of Hispanicsearning college degrees by 2010. In her time at the helm of HSF, Tucker raised $280 million for scholarshipsand community outreach programs. Prior to that she spent two years as a general assignment reporter forthe San Antonio Express and 16 years at AT&T, becoming the first Latina to reach the company’s executivelevel.
Tracy GaryAuthor, Philanthropist, Donor Activist, and Nonprofit EntrepreneurTracy Gary is a philanthropist, nonprofit entrepreneur and legacy mentor who has worked tirelessly to helpothers experience the joy of giving charitable dollars to causes they care about. Through her eighteenthstart-up, a nonprofit called Inspired Legacies, she consults with a diverse range of individuals andorganizations to improve and expand philanthropy and volunteerism.
GIVING WITH PURPOSE KEYNOTE SPEAKERS
continued from page 1
In 1947, with Clifford’s passion for chemistry and Kitty’s business andmarketing knowledge, they started a business. Over the years, the cou-ple had three children and as their family grew, so did the company.The business gained a global reputation and the Hachs began lookingfor ways to support rising young chemists.
“Clifford was so anxious to help young people wanting to earn a bach-elor’s degree in chemistry,” said Kitty. “We started the Hach ScientificFoundation to provide students with scholarships. We started out withonly seven students but after many years and branching out to otherschools, we had helped 441 students graduate. We were thrilled.”
Clifford passed away in 1990 and Kitty sold the Hach ChemicalCompany nine years later. Today, she’s remarried to Don Darrow, aretired American Airlines captain, and works diligently to advance herfamily’s philanthropic goals and continue Clifford’s legacy.
“Iowa State University meant so much to Clifford,” Kitty said. “When I learned about the new chemical sciencesbuilding at ISU, I was really excited. Iowa State is one of the most outstanding chemistry universities in the UnitedStates and I wanted to be a part of it.”
The new chemistry building will be named Hach Hall and be home for innovative scientists like Clifford. “It’s veryexciting for our family,” explained Kitty. “It’s thrilling for sure. I’m humbled and proud to be able to do it.”
If you would like to learn more about how you can follow Kitty’s example and have a greater impact with your philanthropy at Iowa State, please contact the Iowa State University Foundation’s office of gift planning at 800-621-8515, or e-mail at [email protected].
Clifford Hach and Kathryn Hach Darrow
Doing More for Iowa State UniversityWe hope you have found useful ideas in thisissue of Women & Philanthropy. To further aidyour planning, send for a complimentary copyof the booklets listed below, with no obligation.Simply fill out this tear-off card, fold and tape iton the open end, and drop it in the mail to us.We’ll pick up the postage.
Please send a complimentary copy of the booklet, Making a Difference — CreativeWays to Leave Your Own Legacy.
Please send a free copy of PersonalFinancial Affairs, a record book to helporganize my financial information.
I’ve already included ISU in my estate plans.
Please sign me up for your complimentary weekly e-newsletter. (Please list preferred e-mail address below.)
I’m interested in receiving a personalized charitable gift annuity illustration showing my potential income and tax benefits. Please contact me
by phoneby e-mail
Send me information about the Women & Philanthropy Workshop on May 13, 2008.
PLEASE PRINT
NAME
ADDRESS
CITY
STATE, ZIP
TELEPHONE
WAP408
2 3I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
How Does Philanthropy Affect Your Experience at Iowa State University?
“The scholarships I receive pay for a huge chunk of mycollege costs and it means so much to me. I’m the oldestof seven kids and one of the only people in my family toattend college. One of my goals is to graduate fromcollege, pursue a career in broadcasting and make suremy brothers and sisters are well taken care of.”
— Tameka Hilson ’09Des Moines, Iowa
Communications Studies
Voices of Giving
“As an out of state student, the scholarships I wasoffered truly made a difference in my decision to attendISU. Once I got to Iowa State, having that realizationthat Iowa State has such generous alumni and friendsreally instilled a sense of pride and urge to continue thattradition once I leave, so that future students can reapthe same benefits that I did. My experiences at IowaState have been nothing short of amazing and I trulyam blessed to have received the scholarships that I did.”
— Ashley Zappa ’08Eagan, Minn.
Chemical Engineering
“For me, attending IowaState probably wouldn’thave been feasible with-out scholarships. Justhaving someone say ‘youcan do it’ or ‘we believein you’ boosted my confidence and made an impact on my life.— Tyler Christiansen ’05
Denison, IowaExercise Sports Science
with a minor in Health Studies
WOMEN & PHILANTHROPY WORKSHOP
GIVING WITH PURPOSEMay 13, 2008
8:00 a.m. – 3:30 p.m.Scheman Building, Iowa State Center, Ames, Iowa
This workshop will focus onphilanthropy and the financialwell-being of women. It willhelp women plan for thefuture, make wisephilanthropic choices, andbecome more educatedabout personal and familyfinances.
In the past thirty years, women’s philanthropy has emerged as a distinctmovement using innovative and creative ideas to improve local, nationaland global communities. Women view philanthropy not so much as givingas they do investing in change and causes that are personally meaningful.
Women have long served as volunteers, sharing their time and talents toimprove their community and the world. Today, women are engaged inphilanthropy from many perspectives — as donors, professionals, fundraisers, and nonprofit leaders. Women are merging power, money and thedesire to act as catalysts for change — and are making a difference.
For more information and to register, please visit the Web site atwww.withprideandpurpose.org (click on the News and Events tab). You mayalso call 515-294-4607 or email [email protected].
Sara Martinez TuckerUnder Secretary, United States Department of EducationSara Martinez Tucker is the under secretary of education, the U.S. Department of Education’s top highereducation official. She was nominated to her post by President George W. Bush on Sept. 5, 2006, andconfirmed by the Senate on Dec. 9, 2006. As under secretary, she oversees all policies, programs andactivities related to postsecondary education, vocational and adult education, and federal student aid. She also is leading efforts to carry out the recommendations from Secretary of Education MargaretSpellings’ Commission on the Future of Higher Education, which called for expanding the accessibility,affordability and accountability of postsecondary education for all Americans.
Prior to joining the U.S. Department of Education, Tucker worked for nine years as the CEO and president ofthe Hispanic Scholarship Fund (HSF), where she pursued an aggressive goal to double the rate of Hispanicsearning college degrees by 2010. In her time at the helm of HSF, Tucker raised $280 million for scholarshipsand community outreach programs. Prior to that she spent two years as a general assignment reporter forthe San Antonio Express and 16 years at AT&T, becoming the first Latina to reach the company’s executivelevel.
Tracy GaryAuthor, Philanthropist, Donor Activist, and Nonprofit EntrepreneurTracy Gary is a philanthropist, nonprofit entrepreneur and legacy mentor who has worked tirelessly to helpothers experience the joy of giving charitable dollars to causes they care about. Through her eighteenthstart-up, a nonprofit called Inspired Legacies, she consults with a diverse range of individuals andorganizations to improve and expand philanthropy and volunteerism.
GIVING WITH PURPOSE KEYNOTE SPEAKERS
continued from page 1
In 1947, with Clifford’s passion for chemistry and Kitty’s business andmarketing knowledge, they started a business. Over the years, the cou-ple had three children and as their family grew, so did the company.The business gained a global reputation and the Hachs began lookingfor ways to support rising young chemists.
“Clifford was so anxious to help young people wanting to earn a bach-elor’s degree in chemistry,” said Kitty. “We started the Hach ScientificFoundation to provide students with scholarships. We started out withonly seven students but after many years and branching out to otherschools, we had helped 441 students graduate. We were thrilled.”
Clifford passed away in 1990 and Kitty sold the Hach ChemicalCompany nine years later. Today, she’s remarried to Don Darrow, aretired American Airlines captain, and works diligently to advance herfamily’s philanthropic goals and continue Clifford’s legacy.
“Iowa State University meant so much to Clifford,” Kitty said. “When I learned about the new chemical sciencesbuilding at ISU, I was really excited. Iowa State is one of the most outstanding chemistry universities in the UnitedStates and I wanted to be a part of it.”
The new chemistry building will be named Hach Hall and be home for innovative scientists like Clifford. “It’s veryexciting for our family,” explained Kitty. “It’s thrilling for sure. I’m humbled and proud to be able to do it.”
If you would like to learn more about how you can follow Kitty’s example and have a greater impact with your philanthropy at Iowa State, please contact the Iowa State University Foundation’s office of gift planning at 800-621-8515, or e-mail at [email protected].
Clifford Hach and Kathryn Hach Darrow
Doing More for Iowa State UniversityWe hope you have found useful ideas in thisissue of Women & Philanthropy. To further aidyour planning, send for a complimentary copyof the booklets listed below, with no obligation.Simply fill out this tear-off card, fold and tape iton the open end, and drop it in the mail to us.We’ll pick up the postage.
Please send a complimentary copy of the booklet, Making a Difference — CreativeWays to Leave Your Own Legacy.
Please send a free copy of PersonalFinancial Affairs, a record book to helporganize my financial information.
I’ve already included ISU in my estate plans.
Please sign me up for your complimentary weekly e-newsletter. (Please list preferred e-mail address below.)
I’m interested in receiving a personalized charitable gift annuity illustration showing my potential income and tax benefits. Please contact me
by phoneby e-mail
Send me information about the Women & Philanthropy Workshop on May 13, 2008.
PLEASE PRINT
NAME
ADDRESS
CITY
STATE, ZIP
TELEPHONE
WAP408
Your Gift Planning Team (l-r) Brian Casey, Director of Development,
Patricia M. Moline, CFRE, CFP,®
Lynda M. Jacobson, Pat Vickerman,Assistant Vice Presidents of Development
Visit us at: [email protected]
515-294-5398 800-621-8515
The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited inexamples are based on rates current at the time of printing and are subject to change. References to estate and income tax includefederal taxes only; individual state taxes may further impact results.
I O WA S TAT E U N I V E R S I T Y F O U N D AT I O N
WOMEN & PHILANTHROPYIowa State University Foundation
2505 University BoulevardP.O. Box 2230
Ames, IA 50010-2230
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Industry Pioneer and ISU Alumna Excitedto Support New Chemistry FacilityFor more than 50 years, Kathryn “Kitty” Hach Darrow andher late husband, Clifford, owned the Hach ChemicalCompany, one of the most successful chemical companies inthe world. With a recent $10 million pledge toward a newchemistry building, Kitty is giving back to Iowa State, theuniversity where she says it all began.
“If it had not been for Iowa State, the Hach ChemicalCompany would have never been,” said Kitty. “Our wholelife was chemistry. Clifford loved chemistry so much and hewas so grateful to Iowa State and all of the university’s con-tributions to his education and career.”
Kitty and Clifford met at Iowa State and became a powerfulteam in the chemical sciences industry. Kitty was an ISUsophomore studying home economics when she met Clifford.They hit it off immediately and were married a year and ahalf later. “I took an economics exam the morning of ourwedding and I got a B. I was really amazed but I still remem-ber that very clearly,” said Kitty.
Known as an ardent chemistry student at ISU, one of Clifford’sprofessors presented him with an unexplored opportunity. Hewas introduced to a substance called enthylenediamine tetra-acetate (EDTA) without any known uses in industry. Cliffordhad an inspired idea. He used EDTA in a product that testedthe hardness of water. It became their company’s first product.
“Dr. Harvey Diehl was one of the professors that gave us ourbig break,” said Kitty. “I know many of Clifford’s professorsthought of him as a star student and had a lot of respect forhis analytical abilities. Clifford always felt a lot of gratitudeto Iowa State for what turned out to be life-changing oppor-tunities.”
continued on page 3
“Iowa State is one of themost outstanding chemistryuniversities in the UnitedStates and I wanted to be a part of it.”
Kathryn Hach Darrow at the announcement ofher $10 million commitment toward constructionof a new chemistry building at Iowa StateUniversity.
SPRING 2008
glad you asked with Pat Moline
I am interested to learn how to include charitable givingin my own financial planning. However, I want to besure that my own finances are in order before I begin.What are some simple steps to meeting this goal? Financial planning is an ongoing process – a task that is never quite finished.To start, take an inventory of your assets and liabilities, plus your sources ofincome. Next, create or update your current budget. Finally, outline your futuregoals and needs. This sort of planning is quite an undertaking, but it is wellworth the effort. Consider enlisting the help of a professional advisor.
I would like to know how to choose the best advisors for my situation.Attorneys, CPAs, Financial Planners — all these advisors can meet one ormore planning needs. And all these advisors should be aware of the differentways to incorporate charitable goals into personal planning. Before you decideto work with any advisor, be sure to ask them questions about their experience,especially in advising clients on charitable giving.
How would a charitable gift fit into my planning? An effective charitable gift is often the result of good timing plus goodintentions. Many donors discover how well charitable giving can work for themin the process of drawing up a retirement or estate plan. Before you startplanning, be sure to let your professional advisor know that you are interestedin ways to give to ISU and favorite charities.
If you have questions for Pat, please feel free to call her at 1-800-621-8515 or e-mail at [email protected].
How You Can Make a DifferenceThe key may very well be through aplanned gift.
A planned gift is essentially a “user-friendly” major gift. It may involve anoutright gift of an appreciated asset, agift with a retained income stream, ora testamentary provision such as acharitable bequest or beneficiarydesignation from a qualifiedretirement plan or life insurancepolicy.
With a planned gift both Iowa Stateand the donor benefit. Often thedonor enjoys substantial tax andfinancial benefits, and Iowa Statereceives a larger gift than otherwisemight be possible.
To get the most out of your plannedgift, you need to coordinate it with yourfinancial and estate planning. We willbe happy to work with you and yourfinancial advisors. To initially exploreyour opportunities, we urge you to sendfor a complimentary copy of ourbooklet, Making a Difference. Find outthe many ways you can benefit IowaState while benefitting yourself.
