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A Lifelong Focus on Education

Judy Lindquist

Judy Lindquist’s gift to Drake University will help students pursue their educational dreams.

As a teacher in the Des Moines Public Schools, Judy Lindquist, GR'70, spent her career encouraging students to achieve to the best of their abilities.

When she planned her estate she maintained her focus on education to empower students, particularly women, to strive for careers in challenging professional fields.

Her gift to Drake provides the financial assistance necessary for students to pursue their dreams through the creation of three scholarships: the Judith A. Lindquist Excellence in Science, Technology, Math, and Business Scholarship; the Judith A. Lindquist Scholarship for Women MBAs; and the Maurice W. and Anita Lindquist Endowed Scholarship for students from Gowrie, Iowa.

These scholarships were awarded for the first time this year, and they are already making a difference in the lives of the three initial student recipients:

Megan Kassmeier
Kassmeier, AS'13, works as the volunteer and resource manager for a nonprofit agency in Des Moines. She hopes to someday serve as an executive director for a humanitarian nonprofit focused on poverty elimination. To achieve this goal, she realized she would need a graduate degree. She chose Drake's Master of Business Administration program because of the opportunity to specialize in nonprofit management.

"My employer doesn't reimburse for tuition, but I knew I wanted and needed more higher education," says Kassmeier. "This scholarship has been meaningful because it opens doors I wouldn't have had otherwise. With less debt repayment, I will be able to invest my resources into other causes that I care about as well."

Logan Boerner
Boerner received the Maurice W. and Anita Lindquist Endowed Scholarship. Hailing from Lindquist's parents' hometown of Gowrie, Boerner is a first-year student pursuing a degree in pre-pharmacy because of a passion for chemistry.

"I've loved Drake since the first time I came for my first visit," says Boerner. "I love the small campus and the size of my classes."

Jenna Hendrickson
Hendrickson, the recipient of Lindquist Excellence in Science, Technology, Math, and Business Scholarship, is a sophomore majoring in mathematics with a minor in Spanish. She participates in a number of activities on campus, including the Alpha Phi Omega service fraternity, the Drake Outdoor Leadership Club, and Women in Math and Computer Science organization. Hendrickson says she was honored to receive the inaugural Lindquist Scholarship.

"Obviously, any sort of academic scholarship instills that you are doing a good job," she says. "Getting chosen out of everyone makes it pretty special."

You can follow in Judy Lindquist's footsteps and provide life-shaping educational opportunities for future Drake students. Contact John Amato at 515-271-2849 or to learn the variety ways you can make a future gift to Drake University.

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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.

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