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The Kindness of Donors

Allyson Weinandy

Thanks to your generosity, Allyson Weinandy will graduate this fall with her degree in managerial studies.

Allyson Weinandy will complete her bachelor's degree in managerial studies this fall. She always knew she wanted to attend Tiffin University. After all, it's in her blood; her father and two older siblings are TU graduates.

As a local, small-town girl with big dreams, Allyson needed help fulfilling her goals. With the generosity of TU donors, she received two scholarships. She believes the kindness of donors provided her waves of support, both financially and emotionally. The scholarships helped her pursue a degree with confidence and do well in class.

"The scholarships I received from Tiffin University greatly impacted my academic career," Allyson says. "Tiffin University and the Tiffin community are all about helping others. I received endowment scholarships from local individuals and groups that exemplified the importance of community and furthering your education."

When asked what she wanted to do with her life and why, Allyson says, "I was truly never sure of my answer until I was able to push myself out of my comfort zone and explore new opportunities that taught me more about myself than I ever knew was possible. Although I have many more steps to take, my answer right now is…I want to help others."

Helping others is very important to Allyson. "I want to help others because others helped me get to where I am today," she says.

As for her career, Allyson says, "I would love to eventually run a small business of my own. I love animals and I am interested in owning my own pet boutique in Tiffin. In the meantime, I look forward to exploring different occupations in the business industry and utilize my business degree as much as possible."

You can help TU students like Allyson reach their goals with a future gift. To learn more, contact Mitchell P. Blonde, CFRE at 419.448.3584 or blondemp@tiffin.edu.

A charitable bequest is one or two sentences in your will or living trust that leave to Tiffin University 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

"I give to Tiffin University, a nonprofit corporation currently located at 155 Miami Street, Tiffin, Ohio 44883, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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 TU 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 TU 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 TU 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 TU where you agree to make a gift to TU 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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