Why We Give

Alumnus Dean Balice Steps Forward to Leave a Legacy

Dean BaliceWhen Dean Balice (Vienna '70-'71) studied Economics under Dr. Adolf Nussbaumer in Vienna, he had no idea what direction his career might take. After earning a B.A. from Marietta College, he graduated magna cum laude with an M.A. in International Aff airs from Ohio University and moved to Chicago where he worked in commercial banking for French institutions, including Société Générale and Crédit Agricole for nearly three decades.
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Marriage Made in Freiburg

Judy and Chad smilingWhen Marianne Judy enrolled at Boston College, and Chad Brumley entered University of Tulsa, neither one had any idea that their lives would soon intersect in Freiburg, Germany. When Chad and Marianne were studying in Freiburg, the IES Abroad European Union program was just five years young.
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Alumna Creates First Endowed Alumni Scholarship

Kathleen Diamond smilingKathleen Kervin Diamond (Nantes 1966–67, Fall/Spring) recently created an endowed scholarship at IES Abroad with a gift and pledge of $50,000. This is the first endowed scholarship created by an alumna of IES Aboard and will provide need-based financial aid to students participating in an IES Abroad language intensive study abroad program.
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Why I Made My First Gift

Dayna Sowd smilingAfter graduation, many young IES Abroad alumni continue their studies or travel abroad. Some return on Fulbrights or other scholarships or take jobs teaching English. Some return simply to travel. Returning to the place where their lives were forever redefined is something most young alumni hope to do.
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A charitable bequest is one or two sentences in your will or living trust that leave to IES Abroad 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, [name], of [city, state ZIP], give, devise and bequeath to The Institute for the International Education of Students, dba IES Abroad [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 IES Abroad 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 IES Abroad 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 IES Abroad 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 IES Abroad where you agree to make a gift to IES Abroad 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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eBrochure Request Form

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