Passing It Forward

Anne Shaner

Anne Shaner

One of Anne Shaner's most memorable experiences at Iowa State University was serving as chairperson of the annual cherry pie sale. It was a full operation to manage students baking thousands of small pies made from scratch. "You had cherries — that came in 5-gallon cans — that you had to cook and thicken for the filling and then place in tart shells made in Friley Hall," explained Shaner, a 1957 graduate.

The cherry pie sale began in 1920 to raise money for the home economics club. That first year, students sold 2,000 pies, which required 80 pounds of flour, 50 pounds of shortening, 30 gallons of cherries, 60 pounds of sugar, 15 pounds of cornstarch and 166 bricks of ice cream. In the '50s, Shaner's team sold 7,000 pies.

Overseeing the student-run sale was good practice for her upcoming career.

After receiving her bachelor's degree in institution management — a precursor to the hospitality management program — the Iowa native headed to Rochester, New York, for a year-long internship at the Eastman Kodak plant, where she helped serve 35,000 meals a day to the employees of the film and camera company.

It was former Iowa State University instructor Carolyn Cason who helped Shaner land her first job assisting in food service management at Rice University. "My large quantity cookery teacher had gone to Rice University at the end of my junior year," Shaner explained. "She called me and asked if I would like to work for her."

Shaner met her husband, Gary, at Rice, where he was working on his chemical engineering degree and serving as a member of the Navy ROTC. After the couple married, they lived in Guam for three years, started a family and eventually moved back to Iowa, where Anne became a consulting dietitian for assisted living and skilled-care facilities.

Throughout the years, she has treasured the memories and friendships she made at Iowa State. "College is the time in your life when those experiences are important," Shaner said, whether they are cultivated in the classroom or while making thousands of cherry pies.

She wants to help nurture meaningful experiences for current and future Iowa State students — a goal she is accomplishing through two types of scholarships.

The Anne Shaner Hotel, Restaurant and Institution Management Award provides scholarships to current students accepted into Iowa State's hospitality management program. She has also established a gift through her will to endow the Anne Shaner Internship Scholarship for students participating in an unpaid internship or student teaching.

For Shaner, giving back to her alma mater is like passing food around the dinner table — there is a time when you receive and a time when you pass it forward. "Iowa State gave me a good education, and now I can help give to someone else."

Nourish Students' Iowa State Experience

You can join Anne Shaner in making a meaningful difference in the lives of Iowa State students. Contact the office of gift planning at 800.621.8515 or giftplanning@foundation.iastate.edu to discover smart ways you can make a planned gift — and a lasting impact on Iowa State University.

“I thought about what meant the most to me – outside of my family – and it was obvious that I would give to Iowa State. So I called the office of gift planning and they helped me plan the best course of action.”

- Margaret "Margi" Donaldson

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A charitable bequest is one or two sentences in your will or living trust that leave to Iowa State 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 Iowa State University, a nonprofit corporation currently located at Ames, Iowa, 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 Iowa State 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 Iowa State 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 Iowa State 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 Iowa State where you agree to make a gift to Iowa State 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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