Skip to Content

Success Breeds Business Idea

campus Professional success in the field of actuarial science inspired Drake junior Roy Ju to create a business to help his fellow students succeed.

Ju pitched his idea for an e-book study guide for actuarial exams during Project Bulldog.

Modeled off the television show Shark Tank, Project Bulldog allows Drake students to present business ideas, either individually or in groups, to a panel of judges comprised of business leaders from the community. The students receive prize money for the best business plans.

Ju received first place in the contest for the study guide, which introduces a new approach to studying for actuarial exams based on his own methods of preparation. The exams are required to work in the field of actuarial science. While many Drake students start taking the tests before they graduate, Ju achieved a rare feat: completion of all exams before his 21st birthday. The accomplishment made him the youngest person to ever be named a Fellow of Society of Actuaries, which is the field's highest professional designation.

"I have received hundreds of emails inquiring about my study approach to the exam process," said Ju of the inspiration for his business idea.

Ju is currently focused on finishing his last year at Drake while working at The Principal Financial Group. Though he is not actively pursuing his business idea at the moment, he says participation in Project Bulldog was a valuable professional experience.

"I enjoyed the opportunity to meet other successful entrepreneurs," he said. "I enjoyed receiving feedback from the competition judges. I felt the biggest benefit from winning was receiving validation that my business idea has merit."
Project Bulldog is organized by the student group Enactus. It is supported by a generous gift from Drake alumnus Dan Sinykin.

Invest in Tomorrow's Leaders
If you would like to explore ways to strengthen the Drake experience for students through programs like Project Bulldog, contact John Amato at 515-271-2849 or to discuss your giving options.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to Drake 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 to Drake University, a nonprofit corporation currently located at 2507 University Ave., Des Moines, IA 50311, or its successor thereto, ______________* [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 Drake 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 Drake 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 Drake 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 Drake where you agree to make a gift to Drake 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.