Larger Than Life

Robert "Bob" Gloor and students smiling

Bob Gloor and student scholarship recipients

Robert "Bob" Gloor was pleased to provide a leadership gift to Fredonia's Department of Theatre and Dance during the campus' first capital campaign, which began in 1995.

He felt the gift was a way to honor his father's memory, while helping the department he held dear. It was the one which provided him with his second baccalaureate degree, which he earned in 1996-after his retirement.

Providing the resources for the Walter Gloor Mainstage Series, which he named after his dad-and the resulting scholarships it generated for so many deserving students-gave him great pleasure.

I know this because I was the fundraiser who suggested this gift. I was also his wife.

I observed Bob's profound satisfaction with his decision. As a young man, Bob earned his first bachelor's degree in biology from Cornell University.

While he cared about Cornell, so much so that he founded a group study room in its College of Agriculture and Life Sciences' library (also named for his dad), Bob had a lifelong passion for live theater, and he recognized that a gift would do far more for Fredonia than for Cornell, which had a considerable head start in fundraising.

Bob's experiences in Fredonia's Department of Theatre and Dance captured his heart and enriched his life in more ways than I can explain.

He marveled at the way the students fully embraced him, never making him feel like the odd man out. It meant the world to him, and as we heard time and again from his many friends at Rockefeller Arts Center after his tragic passing this past February, Bob meant the world to them as well.

Seeing His Efforts Manifest
Bob was always thrilled to meet his Walter Gloor scholarship recipients. He eagerly anticipated seeing them in Mainstage productions and watching them mature as performers and adults. He often told our friends and the students that their performances were as good as or better than those we had seen in professional venues in Buffalo, N.Y., and Sarasota, Fla. I always agreed.

The mechanics of Bob's gift were simple. His pledge included cash gifts spread over several years, with the remainder incorporated into his estate. By committing to his gift and providing some of the resources while he was still alive, he had Y the joy of seeing the outcomes of his philanthropy: meeting the recipients and proudly seeing his dad's name associated with something that truly made a difference in many people's lives.

Bob knew the Fredonia College Foundation would be a good steward of his bequest, and that the theater and dance programs would have the muchneeded resources to continue to grow and strengthen once he passed.

That day came far sooner than any of us expected or wanted, and it was a devastating experience for all who knew and loved him.

Yet, his loss has been made more tolerable with the knowledge of all the good Bob did while he was still with us, and that which will continue to take place for decades to come, thanks to his decision to follow his heart and make a difference at Fredonia.

—Karen West

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.

Personal Estate Planning Kit Request Form

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

eBrochure Request Form

Please provide the following information to view the brochure.