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Marking Milestones Through Giving

Gene and Jacque Fuller

Gene and Jacque Fuller

A dispute over popcorn started the romance between Gene and Jacque Fuller.

Gene, BN'68, and Jacque, BN'68, were riding a high school bus back from an away basketball game with their friends. Students were amicably passing around a large bag of popcorn until Jacque and her friend decided the boys on the bus, Gene included, were hogging it. They started a chant demanding the treat.

Soon, popcorn began flying — and so did the sparks.

"I had never seen him before that night," says Jacque. "I was smitten from the beginning."

The couple began dating shortly after and have been together ever since. The Fullers recently celebrated their 50th wedding anniversary. They will reach another 50-year milestone this spring: the anniversary of their graduation from Drake University. 

To recognize these monumental life events, the couple has established the Gene and Jacquelyn Fuller Endowed Scholarship. Since Gene and Jacque were both business majors at Drake, the scholarship will support undergraduates in the College of Business and Public Administration.

The couple says they have fond memories from their time at Drake and believe their educations prepared them well for their careers. Now retired, Gene was an attorney, and Jacque owned and managed a business with her siblings.

"One of the things I enjoyed about Drake was the ability to take a diversified course schedule," says Gene. "I appreciated the flexibility."

Of their decision to give, the couple says after reaching their golden anniversary, they began to reflect on their legacy and wanted to pay their good fortune forward. They chose to create a scholarship fund because they realize the cost of tuition can be a significant challenge for some students.

"We just wanted to make it easier for students," Gene says. "We are hoping through this and other gifts we are making that we can make a difference."

50/60 Year Reunion

Reunions for the Classes of 1968 and 1958 will be held during Relays, April 26-28.

Please join us to celebrate this special occasion — and consider making a gift in honor of your reunion year.

Make an Impact at Drake

A monumental life event, such as an anniversary or class reunion, is a meaningful time to reflect on your legacy. Create your legacy at Drake, and make an impact on the lives of Drake students for generations — just as Gene and Jacque Fuller have done. Contact John Amato at 515-271-2849 or to learn more.

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.