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Knoblauchs Include Colorado College in Their Wills

Sue and David Knoblauch

Sue and David Knoblauch

For David "Knobby" Knoblauch '69, education has played a primary role in his life. Student, teacher, coach, and mentor, David is passionate about the need for education in one's life.

This is somewhat ironic, because David originally chose CC because there was no language requirement in the 60s when he applied! (CC has a language requirement now).

David grew up in Minneapolis, which continues to be his home. While at CC, he majored in economics, played on the freshman hockey team, and formed friendships with classmates who remain some of his best friends today. Like most CC students, David was inspired by devoted faculty, especially Paul Bechtol and Ray Werner, who encouraged him to experiment with new thoughts and challenges.

Paying It Forward
David has loyally supported CC through annual gifts and has now included it in his will.

"I believe CC continues to hold itself to very high standards and has earned its inclusion in Sue and my planned gifting," says David. David's wife, Sue Woodrich, attended Luther College in Iowa and shares his passion for education and teaching/coaching.

"Sue and I both believe that education is the critical element required to sustain and nourish an ever-evolving population. Furthermore, we believe there are two components critical to creating a superior educational experience: Access to educational opportunity for all qualified students, regardless of their ability to fully fund tuition; and an exceptional faculty to teach them.

To that end, Sue and I have included Colorado College as one of the beneficiaries in our wills with designated future gifts to the college's General Endowed Scholarship Fund, and to a permanent fund in support of faculty research and development. With these gifts, we hope to help ensure that CC's positive educational experience will be available for future generations of students."

Life After CC
David's life after CC continued to revolve around education. He was a lower and middle school teacher, high school and college coach, and later helped mentor some of his former students. David was part of a group that founded a scholarship at his high school, Blake School, which honors a beloved coach and mentor. The scholarship is now the largest, multi-donor endowed fund at Blake and has affected the lives of many students.

David has continued to keep CC in his life. In addition to his philanthropic support, he has attended reunions and functions on and off campus. Many of his friends' children have attended CC, allowing him to receive more current evaluations of the college from a different generation.

Discover how to make a future gift to CC.

A charitable bequest is one or two sentences in your will or living trust that leave to Colorado 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, [name], of [city, state, ZIP], give, devise and bequeath to The Colorado College, City of Colorado Springs, County of El Paso, State of Colorado, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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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 CC 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 gift 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 receive an immediate federal income tax charitable deduction. 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 CC as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 CC 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 CC where you agree to make a gift to CC 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.

Deferred Gift Annuity

You can defer your payments until a later date that you specify.

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Flexible Deferred Gift Annuity

You choose a time range in which to begin receiving payments.

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Personal Estate Planning Kit Request Form

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