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PLANNED GIVING
Although he graduated from college more than 40 years ago, Donald J. Molenaur still remembers some of his business professors at Kent State University. He was impressed with their practical, hands-on knowledge of their subjects and their ability to impart this knowledge to students. Now Don is helping other Kent students receive the same opportunities he had by creating a scholarship fund in the College of Business Administration.
Don recently established a charitable gift annuity through a transfer of $10,000 in stock. "I saw an article about a couple who gave their entire estate to Kent State University," he said. "I figured if they can do it, I can do something, too." Throughout his lifetime Don will receive an income from the gift annuity, which is estimated to generate an after-tax equivalent of $15,600. Perhaps more importantly, he has the satisfaction of knowing he is providing for the educational needs of future students, in perpetuity, while receiving a significant tax deduction.
As an alumnus living in Akron, Don maintains his connection with the university through football games, theater productions and other events. "I always thought that Kent had the best campus around," he said.
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