Indiana Public Radio Heritage Society
WALDO AND LOUISA BEEBE
Beebes Provide for Grandchildren and Ball State with a Charitable Lead Trust
Waldo and Louisa Beebe wanted to provide for their grandchildren by creating a charitable lead trust.
Beebe and his late wife, Louisa, included Indiana Public Radio as a recipient of a portion of the trust’s annual distribution to Ball State University. “It’s one way to make a future gift to your heirs while allowing Ball State to use the funding in the present,” said Beebe.
The lead trust is the reverse of a charitable remainder trust. With a lead trust, the earnings of the trust help the university now. “Upon the termination of the trust, our six grandchildren will receive the balance of the lead trust for their use and benefit,” he says.
Alena McKenzie, MA
Major Gifts and Planned Giving Coordinator
Indiana Public Radio
Philip Purcell, JD
Vice President for Planned Giving and Endowment Stewardship