A Passion for Art, Creativity, and Ignatian Values Leads to a Planned Gift

Wayne AmedeeWayne Amedee is a celebrated artist based in New Orleans with a career spanning over 40 years. Focusing primarily on sculpture, collage, painting, and printmaking, his art is exhibited both locally and nationally.

Wayne has received numerous awards and was named Artist of the Year by the Louisiana Office of Cultural Development in 2014. He is represented in the New Orleans Museum of Art’s permanent collection and in private collections. Wayne is actively engaged in the New Orleans community, including Loyola University New Orleans.

Originally from White Castle, Louisiana, Wayne became involved with Loyola after moving near the university neighborhood with his late wife, Barbara. He joined the Ignatius Chapel community and fondly remembers Fr. Gerald Fagin, S.J., whose homilies and Ignatian spirituality made a lasting impression on him.

Loyola’s educational mission, rooted in the Ignatian values of faith, truth, and justice, resonated and inspired Wayne to become involved. He was especially impressed with Loyola’s commitment to provide an excellent education to its students, especially to those who could not otherwise afford to attend a university. Wayne appreciates the opportunities the university extends to students and believes that Loyola is truly the place where Jesuit social justice meets New Orleans creativity.

Wayne frequently shares his creativity, talent, expertise, and support with the Loyola community. He sings in the Ignatius Chapel choir, is a past chair and member of Loyola’s Visual Arts Visiting Committee, has served on the Collections Committee, and has helped to establish the university’s permanent Sculpture Garden. His sculpture, “New Morning”, graces the Sculpture Garden for all to enjoy.

One of Wayne’s passions at Loyola is the Joseph-Aurélien Cornet, F.S.C., Collection gifted to Loyola by Frère Cornet, a Belgian Christian Brother who did extensive work in Congolese art. It has tremendous historical and research value.

Wayne feels strongly about preserving the Cornet Collection for future generations. He was a leader in the effort to help facilitate a professorship for the Frère J Cornet Archives. While making his estate legacy plans, Wayne designated Loyola one of the beneficiaries of his donor advised fund. This fund will ultimately support the Cornet Collection and create the Fr. Cornet Chair in African Art.

Leaving a legacy for Loyola through a donor advised fund

Through careful estate planning, donors can ensure that their wishes are carried out after their lifetime. Just as they make provisions for their loved ones, they may also provide for the charitable organizations that they care about, like Loyola. A donor advised fund can provide an attractive and efficient way for donors to organize their charitable giving.

A donor advised fund is created through a written agreement with a community foundation or sponsoring organization, and the donor irrevocably makes contributions to their fund. The contributions are invested, and the donor makes recommendations that various amounts be distributed to charitable organizations.

Wayne chose a donor advised fund because he named several not-for-profits as beneficiaries and felt that the structure of the fund would provide the best tool for managing the beneficiary distributions after his lifetime. He encourages donors to thoughtfully plan their estates with the proper tools and with a professional who can advise them.

Wayne’s donor advised fund will support not only the Collection, but the Fr. Cornet Chair in African Art. Wayne sums up his feelings, “I am grateful and honored to offer this legacy to Loyola and hope that others will be inspired to do the same.” Through the generosity of donors like Wayne, Frère Cornet’s collection will be available for future generations of Loyola scholars.

To learn more about supporting the mission of Loyola University New Orleans through a donor advised fund, contact Kevin Maney at 504-861-5442 or kmaney@loyno.edu.

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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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