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Alumna Continues to Foster Her Love of UNI

Barb Illian

Barb Illian, front row, second from right, poses with her Phi Sigma Phi sorority sisters in this photo from the 1968-69 Old Gold.

"Because I'm an only child, my sorority sisters are the siblings I never had." — Barbara Illian, '70

"My fondest memories of UNI are the fun I had with the people I met in class, young men I dated and, especially, my sorority sisters. We enjoyed dances in the Commons Ballroom and the Men's Gym (who can forget the great band IBTC!), parties, Homecoming float building and football games outside—no Dome."

A commuter student, Barb Illian says she felt more a part of campus after she joined her sorority. She recalls how hard they worked to bring another national sorority to campus. On March 7, 1970, she was thrilled to see her 52-year-old local sorority, Phi Sigma Phi, become UNI's chapter of Alpha Phi International Fraternity. She is still involved with Alpha Phi in the Chicago Northwest Suburban Alumnae Chapter.

After teaching seventh-grade English for eight years, Barb joined the corporate world when Wisconsin Bell hired her as a manager to write and update business services training materials. She later transferred to AT&T's regional headquarters in Chicago to develop methods and procedures for new business service centers. Following a promotion, she facilitated leadership development, team development and individual assessment sessions around the United States. She jokes, "I could never stop using my teacher skills."

Barb also never stops touting UNI to her friends or anyone she meets.

When the Panthers play football or basketball, you can be sure Barb is glued to her TV screen cheering them on from her home in Chicago or shouting, "Go Panthers!" from a seat in the stadium. A generous gift through her estate will continue to foster her love for UNI.

"I have no family so it's important to me to donate to the university I love—in gratitude for all the special memories and fun I still have today," Barb says.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to the University of Northern Iowa Foundation 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

Bequest Language

"I, [name], of [city, state, ZIP],
give, devise and bequeath to the University of Northern Iowa Foundation, an
Iowa nonprofit corporation of Cedar Falls, Iowa, [written amount or percentage
of the estate or description of property] to be used for such purposes as the
Board of Trustees may determine."

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 the UNI Foundation 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 the UNI Foundation 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 the UNI Foundation 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 the UNI Foundation where you agree to make a gift to the UNI Foundation 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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