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The scholarships really changed my life and gave me the opportunity to come to Doane. -Dustin Axline '19, Exeter, Nebraska

Looking Back, Looking Forward: Dennis Dondlinger Thankful to Doane for His Success

Dennis DondlingerIt was the end of the fall semester of 1961 and Dennis Dondlinger was contemplating his future.

Dennis had a full-ride basketball scholarship at the University of Nebraska-Lincoln at the beginning of the semester, but he was ruled medically ineligible to compete by team doctors because of a shoulder injury. Dennis was driving home to Hebron when, by chance, he stopped for supper at Dorsey's Cafe in Crete.

After he'd sat down to eat, a tap on his shoulder startled him.

From that point forward, his life would be changed.

The man who tapped him on the shoulder was local businessman Ed Pallett, an ardent sports booster of Doane University. Ed introduced Dennis to Al Papik, Doane's athletic director, who soon offered him a scholarship to play basketball and run track for the Tigers.

Dennis accepted, transferred and, thanks to Track and Field Coach Fred Beile's gentle persuasion, also ended up running for the cross country team.

In the classroom, he studied teacher education under Professor Lowell E. Dodd.

It was because of that pivotal moment in Dorsey's Cafe that Dennis chose to give back to his alma mater—he recently purchased a two-life charitable gift annuity with plans to purchase another gift annuity in January 2015.

"I wanted to endow a scholarship at Doane," says Dennis, a 1966 graduate who now lives in Grand Island with his wife, Juanita. "I was very thankful for the direction that Doane gave to my life and wanted to give back in a similar fashion to the help I was given. People like Ed Pallet, Al Papik, Fred Beile and Lowell Dodd helped me on my way to a fruitful life."

The corpus of Dennis and Juanita's gift annuities will form the basis of the endowed scholarshipposthumously. In the meantime, the Dondlingers receive quarterly tax-preferred payments, as well as an income tax deduction. Dennis learned of gift annuities after reading an article in Doane Magazine that featured the purchase of a gift annuity by Paul Oppenheim '65, his former roommate.

"Someone was there for me when I received my scholarships," Dennis says. "I believe my life is better because of the education I received at Doane University."

Learn How You Can Help

To learn more about charitable gift annuities or other ways to support Doane University with a planned gift, contact Thom Reeves at 402.826.8284 or thomas.reeves@doane.edu today, at no obligation.

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A charitable bequest is one or two sentences in your will or living trust that leave to Doane 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 _____ percent (%) of the residue of my estate [or ____________ and no/100 Dollars ($ _____)] to Doane College, a Nebraska nonprofit corporation for its unrestricted use and purpose (or choose from one of the following). Choose from the following: 1. This gift shall be used for the benefit of ___________________. (e.g. a specific program area at one of Doane College's campuses.) 2. This gift shall be used for the creation of an endowed scholarship. 

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 Doane University 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 Doane University 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 Doane University 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 Doane University where you agree to make a gift to Doane University 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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