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Helping Students Pursue Their Passions


Stephen '69 and Mary Jane Ott have recently included a gift to Linfield College in their estate plan. With this gift, they will create an endowed scholarship fund to benefit students in Linfield's nursing program. Stephen is recently retired from a career in the ministry that included teaching and vocational counseling, and Mary Jane is an advanced practice nurse specializing in pain and symptom management and complementary care. When asked about what they hope to accomplish with this gift from their estate, this is what they had to say:

We believe strongly in the value and usefulness of education. It has deepened and broadened our lives. We want students with meager financial resources to have the opportunities we had, to not just learn a vocation, but to have their passion take wing and to contribute to their communities in meaningful ways. Linfield's mission and core values align with these aspirations. We have decided to leave a gift to Linfield to work for us after we are gone as a sign of our appreciation for education and in support of Linfield's mission and future students.

If you'd like to have a confidential conversation about how you might impact future generations of students and faculty at Linfield, please contact Craig L. Haisch '95, at or 503-883-2675.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Linfield 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 hereby give _________ (specific dollar amount or % of estate) to Linfield College, located at 900 SE Baker St in McMinnville, Oregon (federal tax identification number 93-0391586) for _______________ (specific purpose, if any)."

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 Linfield 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 Linfield 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 Linfield 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 Linfield where you agree to make a gift to Linfield 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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.