Doris Krain and her late husband, Professor Mark Krain, discovered how simple it was to make a planned gift by designating a percentage of their estate for UA Little Rock.
For as long as Doris Krain can remember, supporting her community as a volunteer or donor has been the way of life. Her parents practiced charitable giving; now Doris, her children, and grandchildren continue to weave that attribute into their lives.
“I’m going to live that life of giving, both regularly and where I see a need, and the kids have always seen that,” Doris says. “It’s not about me telling them to [give back], it’s about living it then seeing where they choose to get involved.”
Doris and her late husband, Professor Mark Krain, who taught at UA Little Rock for 38 years, always planned to support the university with a financial gift. They believed in lifelong learning and giving others opportunities. Then, they learned about planned giving.
“It doesn’t require much planning to designate a percentage of your estate, right off the top, to the organization(s) you want to support, then leave everything else to your family,” she says. “By leaving a percentage rather than a dollar amount, you know your family will receive the majority of your estate.”
Professor Krain taught in the department of sociology, anthropology, and gerontology and in the School of Social Work. He retired as professor emeritus and soon received surprising news. The faculty of the School of Social Work had voted to utilize a gift of $30,000 from an anonymous donor to create an endowed scholarship in his name.
“Mark and I changed our general planned gift to UA Little Rock to benefit that scholarship, and I contribute to the fund periodically,” says Doris. “He loved teaching and adored his students. One student told me that Mark was a tough professor, but she took every class he taught because she knew she would be better for doing that.”
Your generosity can come in many forms when you make a planned gift to the University of Arkansas at Little Rock. Learn more about the gift options available to you by contacting Ginger Daril at 501-916-6437 or vlkays@ualr.edu.
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.
