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Professor Emeritus Strengthens UNI's Future

Steve Corbin

Steve Corbin, '70, UNI professor emeritus

"Build good relationships and profitable transactions will follow."

— Steve Corbin, '70, UNI professor emeritus, advised his students

As an undergraduate, Steve's relationship with his marketing professor, Leonard Keefe, led him to strive for excellence in his career and life. "Professor Keefe took me aside and gave me instructions as to how to mature and make something of myself," Steve says.

Keefe's instructions were well-received and led Steve to a distinguished career as a professor and head of the marketing department at UNI. While interacting with his marketing advisory board, Steve learned the importance of designating gifts to support the university. Upon his retirement, two financial advisors and an attorney recommended that Steve work with the UNI Foundation to establish an estate gift.

Steve and his wife, Doris Kelly (a former state representative), contacted staff at the UNI Foundation to help create his vision—the Center for Professional Sales Excellence. As a sales professor, Steve had discovered there were few centers like this in America, none in Iowa. He thought establishing such a center through his estate would not only be fitting for UNI, it would honor his students and Leonard Keefe. It would also properly prepare sales professionals.

"This endowment ensured my intended gift would be carried out with little to no fuss upon my demise," Steve says.

A persistent builder of relationships, Steve volunteers as a mathematics and reading tutor at four elementary schools in Waterloo and Cedar Falls. He is also a non-paid freelance writer for 79 newspapers in six states.

Build a Strong Foundation

Like Steve, you can leave a lasting legacy when you make a future gift to support UNI. Contact Jane Halverson at or (319) 273-4665 to learn about your giving options.

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.