tet a is Peter Maughan, Development Officer, (Fourth in a series on Estate Planning) Many people seem to think they can get around planning for the future by ignoring it. That may work in some areas, but not in money matters. The fact is — inflation, which currently reduces the value of your hard-earned dollar by more than 18 cents per year, and taxes, which the average wage earner works until May of each year to pay, are doing your financial planning for you. These two culprits are stealing the value from your spendable dollar — _ and if you don’t know it you are ignoring the facts. Everyone, from the corporate executive to the boy or girl mowing lawns or starting a first paper route, needs to practice some sort of money protection. A few minutes spent planning your finances — right now, today — could pay large dividends in extra spending money in the future—as _ soon as a month from now. There’s no mystery to doing it — it’s not as complicated as you may think — and you have a large amount of financial peace of mind at stake. Financial security is not how much you make (although more is usually better), but how much you are able to keep! The whole idea is to keep enough to supply your needs and have enough left over to gratify at least some of your wants without getting into an uncomfortable or dangerous debt position. Financial planning is mostly common sense. It’s as simple as not gettng over your head in debt — It’s as simple as putting way something, ideally 10% of your take home pay, each month at a good rate of return (and to sacrifice to do it if you educational institution such as Weber State College may not only provide a substantial tax write-off, but also a lifetime income for you and your spouse. One primary way in which a charitable gift may benefit both the donor and Weber State College is through a life estate contract. A life estate is the gift of a home or farm to Weber State College or to another charitable organization during the owner’s lifetime with the owner reserving the right to live in the home or farm throughout the lifetime of both husband and wife. When the last spouse passes away, the charitable organization receives the property. In order to make certain that all possible qualified candidates for the position of Vice President of Academic Affairs are brought to the attention of the . Search and Screening Committee, President Rodney H. Brady encourages anyone who is acquainted with a person who is qualified, and believes that person should be nominated, to send names and addresses to Dr. Garth Welch, chairman of the Search and Screening Committee. The committee will then request these nominees to submit their application if they are interested. “Major benefit to donor is an immediate tax write-off’ One of the major benefits to the donor is an immediate tax write-off that may be taken when the paperwork is completed designating the charitable organization as owner. This write-off may be prorated over a total of six years depending on the donor’s taxable income. In addition to the tax advantages, during the donor’s lifetime all income or benefits that are derived . from the property go to the donor and not to the charitable organization, even though the organization is technically the owner of the property. In addition, there are several other _ advantages to the donor for making a It’s as simple as paying cash for everything you can and not stacking your debts one upon the other. The whole idea is simple, it’s keeping your wants from getting all tangled up with your needs. There’s a big difference. Wants you can do without. Needs are the absolute necessities. There are many other ways to make your dollars go farther and to protect them from the ravages of taxes and inflation. One of several types of trusts may provide a way to disburse income. A Keogh plan, an IRA or one of a variety of tax shelter annuities may also defer your meeting with the IRS until you have reached an age where your tax bite has decreased, usually after retirement. In addition, a gift of property, securities, or money to an gift of a life estate. For example, there is a substantial reduction in estate and inheritance taxes because the gift is removed from the estate of the donor. There is also the elimination of capital gains tax liability on the transfer of the property. Finally — there is the donor’s satisfaction in knowing that a gift has been made in his or her name which will provide direct help for worthy programs at Weber State College that would not have been otherwise possible. If you would like further information on making a gift to Weber State College, or are interested in the personal benefits that come from protecting your present and future earnings through estate planning, please write the Development Office at Weber State College or call us at (801) 626-6568. i Fp et mB Affairs Ss : responsible for the budgets of the igs academic segment of the college. In pe Se addition, the Vice President for #, te Academic Affairs serves as the principal] . } ® te: innovator for the integration of the liberal arts, professional and technology} § ™ components of the curriculum. | The Vice President for Academic Affairs should be willing to be highly visible to the campus and local community, show personal support for student and campus events and participate in local community service opportunities. Qualifications are as follows. Candidates must possess an earned Vice President of Academic Affairs applications and nominations are invited | doctorate and should be recognized both} | for the position of Vice President for as an outstanding teacher and scholar, | 7 Academic St Ce Affairs to become effective substantiated by a creditable record of in upon the retirement of the current vice president January 1, 1981 or another scholarly activity. Candidates should possess, as evidences by previous P iE kK mutually agreeable date. The position administrative experience in higher ' reports directly to the president and is education, F_ the chief academic officer for the planning, management, college. This position is responsible for communications, and leadership to lead} = N all academic affairs including the a diverse academic program. & operations of the schools of allied health have to)}— Page 8 WSC seeks vice president of Academic Le Are you trying to ignore future... skills in administration, =Bi Si Si . © Candidates should also have a recordof| demonstrated support for student and | education, humanities, natural sciences, social sciences, technology, and the campus events as well as participation in|” ; re th local community service opportunities. a a te. continuing education program. The Vice President for Academic © te sciences, business and economics, Salary is negotiable dependingon O\ |) fr qualifications. Applications will be Zz be Affairs supervises the deans and received until July 7, 1980. i m academic support programs, coordinates the review of curricula and Applications must include a letterof | ) application with accompanying vita, | 77 re : programs, three letters of recommendation anda | chairs the academic planning =. council, monitors faculty productivity one page statement of the applicant’s | and effectiveness, oversees faculty educational philosophy. Submit q retirement, promotion, retention, tenure | nominations or applications to: Search | and dismissal, facilitates faculty improvement and professional growth, prioritizes resource allocation, and is Committee, Vice President For Academic Affairs, C/O President's Office, Weber State College. West—‘‘Sagebrush Its fit ; m By ®@ p: |) re . 2 + Rebellion’’ @ ii y* N e yé **The Western States are being expertise, the knowledge, desire and @ fil deprived of their constitutional love of their land to utilize it to the best opportunity and responsibility to develop their own lands and to be advantage . . . far better than some bureaucrat sitting in Washington, = w . 3 pl responsible therefore.”’ This was a comment made by Frank Madsen, administrative assistant to U.S. Senator Orrin Hatch, during an address to WSC students and faculty. Madsen was on campus to promote his boss’s support of the Senate bill commonly referred to as the **Sagebrush Rebellion. ”’ Madsen said the strongest argument _in favor of the bill which would return federally-owned lands to several western states including Utah, is a constitutional one. ‘*Each state came into the Union Owning its own lands,”’ he said, ‘‘and this is a precept that we ought to follow.”’ ‘*The people of the state of Utah have the wisdom, sophistication, ability, the D.C.,”’ said Madsen. @ . . j Teacher shortage (continued from page 5) pl locate positions. The most favorable employment areas appear to be in all elementary grades, and subject areasof mathematics, natural sciences, physical sciences, learning disabilities, reading, “F English, music, and physical education— (with coaching). There are also shortages of teachers with skills in individualized instruction and bilingual teachers. ® in 4 P. th gc tw B ? O ; # er « Dr. Low emphasized that unless = present trends change, the dilemmain supplying adequate numbers of teachers = Hi will become one of the acute crisesin 3 public education. PR W