Linda and Kenny Schmidt have a lifelong relationship with UAFS, and they were sure they wanted to include the University in their estate plan. For them, a variable life insurance policy proved the ideal solution, offering a unique way to leverage their relatively modest annual payments into a sizeable charitable gift. The Schmidts make quarterly premium payments, receive a charitable deduction for the payments, and have made UAFS the owner and beneficiary of the policy.
"Kenny and I have always wanted to make a significant gift," says Linda, "and this tool allows us to do that. We can still make additional gifts during our lifetime and leave a legacy for our children and grandchildren." The Schmidts' insurance policy will eventually fund the Kenny and Linda Schmidt Endowment.