Gift Planning
Planned Giving
Find out what types of assets make the best planned gifts. Learn about gifts of cash, securities and property.
Bob and Mary Are Giving Smarter and Achieving Their Dreams...Find Out How You Can Too!
Bob and Mary first met at Two-Bit Flicks, a 25-cent movie night held on Fridays in Brighton Lecture Hall. When the spring formal hosted by the women's dorm came around, Mary asked Bob to go with her. It was their first "official" date.
The rest, as the saying goes, is history. Or in Bob and Mary's case, it is natural history. That's because Emporia State also introduced them to a lifelong passion for the natural sciences.
Bob and Mary feel Emporia State was the catalyst for the life they've built together. Mary became a science educator for 6th, 7th, 8th and 9th grade students. Bob founded and served as director of the Great Plains Nature Center and became a renowned nature photographer.
Now they want others to have the same opportunity they did. They want to help students come to ESU and discover a passion they can follow for the rest of their lives.
Bob and Mary found a simple and easy way to achieve this dream. When they set up their trust, they named Emporia State as a beneficiary.
What's your dream?
Learn how easy it is to make your dream a reality by naming Emporia State University in your will or trust. Contact Angela Fullen, Director of Planned Giving at the Emporia State University Foundation. She can answer your questions or help you get started. If you have already named Emporia State in your will or trust, let us know. We will make sure your gift does everything you want it to do.
"I would encourage anyone, if they are thinking about doing something like this, to contact the Foundation. For us, it has been a great experience." - Mary Butel
Getting Started is Easy
Not sure how to take the first step? We've got just the thing you need. Download your free Will and Estate Planning Guide. This guide is an easy way to get started on, or update, your estate plan. It will help you explore your options at your own pace. It's free, easy and yours to keep.
Download your copy today or contact Angela Fullen to request a printed copy.
Angela Fullen
Director of Planned Giving
Telephone: 620-341-6465
[email protected]
Washington News
Increased Standard Deduction May Save Taxes
Congress has indexed for inflation approximately 60 different tax provisions. With the high level of inflation this year, the standard deduction, the tax bracket thresholds and many other tax items will be substantially larger in 2023.
The standard deduction for individuals this year is $12,950. In 2023, that amount will increase by $900 to $13,850. For married couples, the increase is $1,800 from $25,900 this year to $27,700 next year.
With these increased standard deductions, many individuals will benefit from lower tax payments next year.
While federal tax rates range from 10% to a top level of 37%, all of the brackets used to calculate tax payment will also increase by approximately 7%. If taxpayers do not have a substantial increase in income in 2023, the larger standard deductions and increased bracket thresholds could produce tax savings.
Howard Gleckman, a Senior Fellow with the Tax Policy Center noted, "The idea here is not that people will pay less tax. The idea is to keep your tax liability relatively stable."
The increased exemptions and bracket amounts are significantly larger because the IRS uses a "Chained Consumer Price Index" to determine the new rates. The annual rate of inflation registered 8.2% in September, which was slightly lower than the 8.3% annual rate in August.
As a result of the high inflation rate, the Social Security Administration (SSA) also is increasing payments starting in January. There will be an 8.7% cost-of-living adjustment for retirement and other payments from SSA.
Published October 21, 2022
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