Dr. Larry Handlin makes two planned gifts to KCU.

Dr. Larry Handlin makes two planned gifts to KCU.

"What I remember about my time at KCU was how rough school was," says Dr. Larry Handlin. "As students, we didn't have time for much else."

Dr. Handlin's memories of his years at KCU have inspired him to support students at the school today, and take steps to ensure that support is there for students of the future as well.

He's been a consistent donor to his Physicians' Hall of Sponsors scholarship, which he created in 2002, and recently he made two planned gifts to continue this support.

"I had a lot of help getting through school," he continues. "Knowing the financial issues students face while pursuing an education, I wanted to provide that same kind of help that meant so much to me.

"I know the people who helped me would've wanted me to do this."

When Dr. Handlin was a student, he started off in pharmacy school. As he began rotations, he became more intrigued by medicine and decided to pursue it as his chosen career.

"I feel I've had a successful career and that KCU gave me the opportunity to be successful," he says.

Dr. Handlin also feels philanthropy plays an important role in keeping the school's education of the highest caliber and attracting the best in the field.

"Medicine is ever changing and likewise the education and training needs to change with it. I know philanthropic activities have helped make these necessary advancements happen.

"The students are our future and I feel it's necessary to nurture them through this process as we certainly want to continue to produce exceptional physicians. I also feel by offering an excellent educational experience and school we will be able to attract top applicants."

In addition to being a generous donor to his alma mater, Dr. Handlin serves his community through many civic organizations and committees throughout Mexico, Missouri.

"I would encourage all graduates to give back to the school and the communities they serve if they're able," he concludes.

Giving Back to KCU
Contact KCU Office of Institutional Advancement at 816-654-7280 or alumni@kcumb.edu to learn how you can give back to KCU and make a difference to students.

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 give to KCU, a nonprofit corporation currently located at 1750 Independence Ave., Kansas City, MO 64106, or its successor thereto, ______________* [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 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 KCU 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 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.

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