Editor's note: Luther Spaude went to his heavenly home on November 11, 2011. His gifts to Wisconsin Lutheran College continue to make an impact today.
Beloved science and math professor Luther Spaude was the one of the first faculty members called to a new institution, Wisconsin Lutheran College, following in the footsteps of Gary Greenfield, Paul Kelm and Roger Fleming. Having been around the college since its humble beginnings in the mid-1970s, and having witnessed growth in both the physical structure and the student body, Spaude knows how important it is to support WLC.
"I dearly love the school, and if the college couldn't function anymore, that would hit me hard," said Spaude. "I've seen what people's financial gifts have helped Wisconsin Lutheran College accomplish."
Spaude has two Charitable Gift Annuities (CGAs) with the college, having completed the second one in June 2008. "The Lord blessed my wife Ruth and me financially, so we are able to help the college," he said. "The kids are grown, and we have never been spendthrifts."
A CGA is a simple and often convenient way to make a gift. After making a gift of cash, property, or an appreciated, low-yielding stock, the donor receives an annuity payment from the CGA for the remainder of his or her life.
"I think highly of Wisconsin Lutheran College and its professors today, especially after the experiences some of my grandkids had at larger, more impersonal institutions," recalled Spaude. "We started our second CGA to help the college; the financial income is nice, but it's not the primary reason we did this."
To find out if a CGA is right for you, talk to your financial advisor or contact Richard Mannisto '94 at 414.443.8788 or email@example.com">email him.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.