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A Love of Teaching Inspires Support to McDaniel Students

Rachael Wentz Finds Gift Options to Meet Her Goals

Rachael Wentz ’62, her student Israel De La Cruz ’13 and President Roger Casey

Rachael Wentz '62, her student Israel De La Cruz '13 and President Roger Casey at last year's annual Scholarship Luncheon

Even though Rachael Wentz '62 retired from Carroll County Public Schools after 38 years of teaching French, she's still in the classroom, enthusiastically sharing her love of French language and culture with local community college students.

As an adjunct professor for a dozen years, her proven methods of language instruction also educated scores of graduate students at McDaniel, many of whom are now retired themselves. And she's quick to board buses as a tour guide and translator, leading trips to Montreal, Quebec City and other places in the United States.

"From a young age, I always wanted to be the teacher, even with childhood friends," Rachael says. "Western Maryland College/ McDaniel gave me a liberal arts education that I value-not only an interest in French and history." Courses in art and philosophy, for example, "opened my eyes and educated me as a person."

An only child and the first in her family to attend college, Rachael appreciates the faculty who guided her. French professor Kathryn Hildebran provided the link that helped Rachael attend summer school and earn her master's degree at Wake Forest University, and education professor Joseph Bailer got her a teaching position at Westminster High School. At the high school, Rachael received multiple nominations as Teacher of the Year and recognition through the local Chamber's annual outstanding teachers program. In 2009, she was named the outstanding adjunct lecturer at Carroll Community College.

Giving Back to McDaniel

Her love of teaching and dedication to quality education inspired Rachael to fund a named student scholarship that she supports through her annual giving. In addition, Rachael has established two charitable gift annuities that provide her with fixed, partially income tax-free payments for life; qualify her for a charitable income tax deduction; and will eventually roll into her scholarship fund when she no longer needs the income.

In addition, Rachael has remembered her scholarship to McDaniel's students in her will, endowing the scholarship so that students will receive support in perpetuity. She regularly attends the annual scholarship luncheons held on McDaniel's beautiful campus, where she enjoys meeting the students who benefit from her support. "I strongly feel that I should give something back to my alma mater that so drastically changed my life," she says.

Now living in a condo across the street from the College, Rachael can hear the alma mater chime from the campus chapel on a summer's eve. It reminds her, "We'll be ever loyal to thee, till we from life shall part."

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Going the Distance

"Whether training for the triathlon or aiming for college, it takes hard work and dedication to hit the mark. But sometimes, hard work just isn’t enough. Generous scholarships gave us the boost we needed for college, and now we are paying it forward through annual donations and a planned gift to keep the momentum going for students today and tomorrow."

Find out more by emailing Lawrence "Chip" Junkin, M'15 or calling him at (410) 857-2256.

 

McDaniel College • Office of Major and Planned Gifts
2 College Hill Westminster, Maryland 21157 • 410-857-2250

A charitable bequest is one or two sentences in your will or living trust that leave to McDaniel College 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 McDaniel College, a nonprofit corporation currently located at Westminster, MD, 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 The College 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 College 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 College 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 College where you agree to make a gift to The College 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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