Helping Students Achieve Their Dreams

Carol Ward

Carol Ward with her mother, Edith Eck, and niece, Billy Jo Mueller, at the 2011 Scholars Breakfast.

"I came to Fredonia as a quiet, small-town girl and found my voice,” Carol Ward, ’81, explains. She went on to say, “Fredonia has always meant so much. The people there took a little country girl from Ravena, New York, and made her more outspoken, more targeted and actually a more happily fulfilled young lady.”

When Carol joined the Fredonia College Foundation Board she was a partner in Johnson Lambert & Co., a Washington, D.C.-based CPA and consulting firm, serving as director of the Association Services Group, overseeing the outsourcing of accounting services. She also held responsibility for providing general business, tax and benefits consulting for tax-exempt clients, as well as leading the insurance tax practice and the areas of financial analysis and consulting, ERISA planning and consultation, tax research and compliance, management studies, board presentations, technical review of monthly compilations, budgeting, fraud investigation and general financial oversight.

As a dynamo in her professional life as well as in her volunteer service, Carol was a Fredonia College Foundation Board member from 2002 to 2015, including service as chair and vice chair.

Carol brought her high level of expertise and seemingly boundless energy to the Fredonia College Foundation Board. She also brought her smile — a smile that would light up the room — and she brought her voice…that voice she found as a student at Fredonia.

Carol was greatly valued as a board member; she was fully engaged, forthright, knowledgeable and always looking out for the well-being of Fredonia students, along with developing excellent policies and procedures for the accounting operations of the foundation.

Carol Ward

Carol Ward’s enthusiasm for the Fredonia experience inspired her to take an active role in supporting students.

In a board resolution at the end of her tenure, it was noted that, “Ms. Ward is admired for her ability to balance her professional commitments to maintain an exemplary attendance record at board meetings and conference call committee work, always adding clarity to discussions.”

Board membership was not the beginning of her alumni engagement with her alma mater, as Carol became a consistent annual donor in 1984; only three years after graduation. Her passion for Fredonia is a joy to witness. Her enthusiasm for students and their Fredonia experience is contagious.

In 2005, Carol joined the Dallas K. Beal Legacy Society, along with having established two scholarship endowments in the foundation, as well. The Stephen and Carol Ward School of Business Award was created for accounting majors. The Robert L. and Edith B. Eck Scholarship, honoring her parents, encourages student applications from Carol’s high school, the Ravena-Coeymans-Selkirk High School.

Carol’s voice is clear in support of helping deserving students achieve their educational dreams — and her voice will continue to be heard for generations to come as part of the legacy she established for her husband, herself and her late parents through her advance planning with her Dallas K. Beal Legacy Society membership.

Support What Matters to You

Contact Heather M. McKeever at (716) 673-3321 or Heather.Mckeever@fredonia.edu to learn how you can join the Dallas K. Beal Legacy Society and make a lasting impact for Fredonia students.

A charitable bequest is one or two sentences in your will or living trust that leave to Fredonia College Foundation 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 Fredonia College Foundation [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 Fredonia 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 Fredonia 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 Fredonia 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 Fredonia where you agree to make a gift to Fredonia 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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