Gifting a Lifelong Passion for Learning

Elsa and Frank Hotfelder

Frank ’30 and Elsa Hotfelder

Frank Hotfelder ’30 was a proud alumnus of St. Louis University High. His great nephew, Dr. Joseph Otten, recalls his uncle looking back on his time at SLUH fondly and how he valued the excellent education he received there.

Frank, known affectionately as “Bus,” was born and raised in St. Louis. He met his wife of many years, Elsa, at a young age, growing up in the same neighborhood.

After Frank’s time at SLUH, he took courses in the brewing arts. He spent 22 years with Carling National Breweries. He finished his career in Baltimore, Maryland, as head brewmaster and belonged to the Master Brewers Association of America.

Frank and Elsa were about as close as any couple could be, their nephew recalls. “My uncle was a very kind and gentle man,” Joseph says. “He adored my Aunt Elsa, and they were very devoted to each other.”

Frank and Elsa loved travel and possessed a lifelong affinity for learning. Combining the two passions, they’d often visit historical sites throughout the country each year. They also shared a love of golf. After Frank retired in 1976, they moved to Clearwater, Florida, where they could enjoy their beloved hobby together year-round.

Frank passed away in 2006. Elsa then moved back to St. Louis to be with family. She remained active, participating in the Mature Mile Walk at Forest Park well into her hundreds.

SLUH is grateful to be among the things cherished in life by Frank and Elsa, who showed their appreciation for the school by naming it as a beneficiary of their estate. Their legacy will endure through the establishment of the Frank ’30 and Elsa Hotfelder partially endowed scholarship to benefit future generations of Jr. Bills.

Like the Hotfelders, you can give back to SLUH by including a gift in your estate plan. Contact Linda Domeyer at ldomeyer@sluh.org or (314) 269-2113 to learn more about giving options.

A charitable bequest is one or two sentences in your will or living trust that leave to St. Louis University High School 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

UNRESTRICTED USE AND PURPOSE
"I, [name], of [city, state, ZIP], give, devise and bequeath to St. Louis University High School [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

RESTRICTED USE AND PURPOSE
"I, [name], of [city, state, ZIP], give, devise and bequeath to St. Louis University High School [written amount or percentage of the estate or description of property] for [scholarship name or another specific 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 SLUH 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 SLUH 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 SLUH 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 SLUH where you agree to make a gift to SLUH 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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