Founding Member of Nursing Program Endows Scholarship
Berniece Wagner played an integral role in the UW-Eau Claire nursing program's development during her 23 years on the faculty. Her devotion to UW-Eau Claire students and the College of Nursing and Health Sciences is reflected in an estate gift of more than $200,000, which will endow a scholarship fund that will generate more than $9,000 annually for scholarships for nursing students.
"Berniece Wagner's estate gift will assist many students into the future," said Debra Jansen, acting associate dean of the College of Nursing and Health Sciences. "The scholarship fund will enable students to focus more on their studies, reducing their worries related to trying to afford the costs of their many books, laboratory supplies and tuition."
Recipients of the scholarship must be admitted to the nursing program, have at least a B+ average and demonstrate good motivation and commitment to the nursing profession. Students will be able to apply for renewal of the scholarship annually for up to three years and one year of graduate study.
"All of us in nursing at UW-Eau Claire have benefited from her work as one of our founding faculty members," Jansen said. "Through this gift her legacy will live on through the nursing students who are helped by it."
Wagner,was one of the first faculty members in what was then the School of Nursing. She served as chair of the medical-surgical nursing department and as the school's assistant and associate dean for student affairs. Wagner was concerned about the country's shortage of nurses, compensation for their services, working conditions and professional advancement. She helped develop the degree-completion program (now known as the BSN@HOME program), the Marshfield site program and the master's of nursing degree for UW-Eau Claire.
Before coming to UW-Eau Claire, she was an associate professor of nursing at the University of Kansas. During her career, she also was an instructor of nursing for the College of Nursing at the University of Iowa, head nurse at St. Mary's Hospital in Rochester, Minn., a staff nurse at the Nebraska Psychiatric Center, Omaha, Neb., and director of nursing at Lutheran Community Hospital in Norfolk, Neb.
Wagner was a member of many organizations, including the American Nurses Association, Wisconsin Nurses Association, National League for Nursing, Gerontological Society of America and American Association for the History of Nursing.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to University of Wisconsin-Eau Claire 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
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 University of Wisconsin-Eau Claire Foundation 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 University of Wisconsin-Eau Claire Foundation 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 University of Wisconsin-Eau Claire Foundation 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 University of Wisconsin-Eau Claire Foundation where you agree to make a gift to University of Wisconsin-Eau Claire Foundation 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.