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A Golden Gift

Charlie Young and Sandy Krebs YoungIn celebration of their 50th wedding anniversary, Charlie Young '64 and Sandy Krebs Young '66 wanted to thank Loyola for all that they had received, to show gratitude not only for the Jesuit educations that opened up the world to them, but also for their family and the wide community of friends who enrich their lives.

Charlie and Sandy, their three grown daughters (two are Loyola alumnae) and five grandchildren believe that giving and gratitude start at home and must be shared with the community.

A former editor for The Maroon, Charlie graduated from Loyola with a journalism degree and was working as a sports writer for New Orleans' then-afternoon daily newspaper, The States—Item, when the couple first met.

Sandy was in her senior year in education, and Charlie was picking up a Theta Phi for a date one evening when Sandy answered the door at Foley's (Theta Phi Alpha House). Within a matter of days, Charlie asked Sandy out. And the rest is history—the couple dated 11 fantastic weeks before their engagement.

Charlie did not know Sandy at Loyola, but Sandy recognized him as an upperclassman. As students, they were both very involved in Greek life. Charlie was in Upsilon Beta Lambda fraternity, and Sandy was a member of Theta Phi Alpha, a national Pan Hellenic Catholic sorority.

To this day, Charlie remains very close to his UBL brothers, and Sandy spends every Monday with some of her sorority sisters, going to a noon Mass followed by lunch.

While he had great fun at Loyola, Charlie recalls equally fond memories of his professors. His journalism studies were anchored by Ed Fricke, moderator of The Maroon and chair of the Department of Journalism, as well as Fr. Clancy, instructor of political science who reviewed Maroon editorials. He taught Sandy in the classroom and introduced Charlie to golf.

Fr. Miceli, assistant professor of philosophy and ethics, introduced value-oriented ideas in discussing issues such as abortion. Charlie turned to Fr. Tonnar, his first academic advisor, when he chose to convert to Catholicism. But it was Fr. Carter (moderator of UBL when Charlie was a student), then-president of Loyola, who in 1978 was instrumental in recruiting Charlie for the head fundraising job at Loyola.

Charlie served as Loyola's vice president of institutional advancement from 1978 to 1988, directing the University's first successful capital campaign. Prior to that as a volunteer, he was president of the alumni association in 1975.

"Fr. Carter has had a phenomenal influence on my life," Charlie says. "We are good friends, and he continues to be close to our family. He has performed weddings and baptized children and grandchildren."

Charlie left Loyola to become president of the Baptist Hospital Foundation, the fundraising arm of Southern Baptist Hospital. Baptist later merged with Mercy hospital, and when that entity was sold in 1995, Charlie was one of three members of senior management asked to help launch Baptist Community Ministries into the world of philanthropy as one of Louisiana's largest private foundations. He retired from BCM in 2015.

When asked why he and Sandy have chosen to include Loyola in their estate plan, Charlie says that over the years he has seen the value of planned gifts firsthand. "Sandy and I feel very close to Loyola. It's our way of trying to help ensure Loyola's future."

"Saying thanks for what Loyola has meant to us is something we wanted to do," he adds.

What Has Loyola Meant to You?

You can follow in Charlie and Sandy's footsteps and support Loyola's future in gratitude for the ways that Loyola has touched your life. Contact Kevin Maney at kmaney@loyno.edu or 504-861-5442 to learn about the many giving options available to you.

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Information contained herein was accurate at the time of posting. 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 any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: 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. Oklahoma residents: 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. South Dakota residents: 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 Loyola University New Orleans 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, [name], of [city, state, ZIP], give, devise and bequeath to Loyola University New Orleans [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 Loyola University New Orleans 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 Loyola University New Orleans 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 Loyola University New Orleans 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 Loyola University New Orleans where you agree to make a gift to Loyola University New Orleans 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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