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Helping Students Get a Good Start— Floyds Pass on Their Passion for Teaching to the Next Generation

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Gary and Myrna Floyd

Gary '62 and Myrna '63 Floyd were science education majors who met on campus. With the Class of 1962 50th reunion coming up on May 3-5, 2012, they couldn't help but reflect on their time at UNI. The couple credits their undergraduate years at UNI for launching them on a lifelong quest of learning and discovery, as well as a passion for teaching.

"The most significant impact on our careers has been our start at UNI," Gary says. "We still remember our instructors. I think UNI is just the right size—large enough to hire super-quality faculty and small enough for students to receive individual attention."

Their career advancements took them from Grinnell to Oklahoma to New Jersey and finally Ohio where they retired in 1996 after teaching for a combined total of 64 years.

"To care about students is not a trivial thing," Gary says. "You have to care that they learn, and when your love for that develops, you revel in it. The reward is looking at a room full of students and seeing in their eyes that they are thinking. UNI helped us develop that passion."

To keep that passion alive, Gary and Myrna have provided support in the following ways:

  • Endowing a scholarship
  • Making annual gifts for research assistantships
  • Making provisions in their estate plans for scholarships, research assistantships and a professorship in biology at UNI

"The top priority in our lives has always been our students and teaching," Gary says. "By giving back, we can help ensure that future students get the same good start that we did."

The Floyds are proud of UNI's accomplishments in science, technology, engineering and mathematics education, and are looking forward to the reunion celebrations of the Classes of 1962 and 1963.

Celebrate Your Own Milestones
Including UNI in your estate plans is a great way to celebrate a class reunion, a long and fruitful career, or even someone you love. If you have questions or would like to make a gift, feel free to contact us at (319) 273-4665.

eBrochure Request Form

Please provide the following information to view the brochure.

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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.