"If your actions inspire others to dream more, learn more, do more and become more, you are a leader."
-John Quincy Adams
One Blessing Inspires Another
"I grew up during the Depression," says Duane Schroeder '56, "I was just happy to be able to attend college."
Duane doesn't remember student loans being available at that time, but he did receive a full-ride scholarship. He says, "I felt so blessed to receive a scholarship. I only had to pay a fee of $70 a quarter. I also worked various jobs on campus, and that is what got me through school."
Duane has fond memories of his education at UNI, which was then known as Iowa State Teachers College. He says everyone on campus knew everybody and everyone helped where they could. Duane was awarded with the Purple Key for his service in the Men's Union and for his high academic achievement.
After earning his college degree, Duane joined the service and later met his wife, Marilyn, when she was working at Northwestern Bell Telephone Company in Omaha. They have been married 40 years.
All through the years, Duane wanted to do something to pay back his alma mater. He found the answer in charitable gift annuities. Duane and Marilyn have established two charitable gift annuities with the UNI Foundation. The remainder from both gift annuities will help grow the Class of 1956 Scholarship Endowment Fund. Duane says, "This way I can help students, and Marilyn and I receive a life income, too."
The couple's dream of living off the land and the lake came true when Duane retired from the lumber industry. He says, "We lived six months in Minnesota at our cabin and six months at our home in Arkansas for a lot of years. Now we stay in Arkansas all year."
Today life is full of children, grandchildren and volunteering at the hospital and church. Duane also supports nature/environmental organizations. He says, "I have been so blessed. I just want to give back and to take care of my family."
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 illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual 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.