Dr. Anderson

As Dr. Larry Anderson sees it, small gestures can lead to big change.

Even as a new doctor of osteopathy in 1978, he was determined to start giving back to the Kansas City University of Medicine and Biosciences, which had given so much to him. Of course, his contributions were "smaller amounts" in those days, but that didn't matter to the young graduate.

"It's important to at least give something," he says.

Today, Dr. Anderson's practice is thriving in Dawsonville, Georgia, and he is a leading advocate and educator within the area's medical community. He serves in a multitude of positions, including as associate professor of clinical medicine at the Georgia Campus-Philadelphia College of Osteopathic Medicine, and as cofounder and medical director of Good Shepherd Clinic.

Dr. Anderson also is active in professional associations at both state and national levels, having been president for the Georgia Society of the American College of Osteopathic Family Physicians and the Georgia Osteopathic Medical Association. In 2016, Dr. Anderson was honored to be named as president of the national America College of Osteopathic Family Physicians.

Wherever he travels, though, his giving roots remain strong. That's why he and his wife, Pat, recently completed an estate gift to KCU in their wills.

"Your ability to give doesn't end," he says.

The process was easy, he adds, and now the couple stands proudly with other KCU Heritage Society members, and as 13-year members of the KCU Gold Society, which recognizes annual donors to the University.

Most important, that one "smaller" gift that the Andersons gave years ago has flourished, benefiting KCU well into its second century of medical education.

"You're doing more than helping one person. You're supporting tens of thousands of future physicians and the healthcare of this country," he says.

Leave a Lasting Impact

A future gift to KCU helps students receive a world-class medical education. Join the Andersons and many others when you create your own legacy gift to the University. For more information, contact KCU Office of Institutional Advancement at 816-654-7280 or alumni@kcumb.edu.

A charitable bequest is one or two sentences in your will or living trust that leave to KCU 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 KCU [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 KCU 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 gift 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 receive an immediate federal income tax charitable deduction. 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 KCU as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 KCU 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 KCU where you agree to make a gift to KCU 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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