Gift of Life Insurance to Benefit Imperial and NCF
Doug and Judy Gaswick
Doug Gaswick became involved with the Imperial Community Foundation Fund (ICFF) when it launched in 1999 and has served as treasurer throughout most of the Fund’s history.
Doug and his wife, Judy, made a generous commitment to both the Imperial Community Foundation Fund and the Nebraska Community Foundation. Their gift comes in the form of a life insurance policy – $200,000 to ICFF and $50,000 to NCF – that will benefit both organizations in the future. Doug and Judy make tax-deductible contributions to fund the premiums on the policy, and the policy is owned by NCF for the benefit of ICFF and the NCF Endowment.
“Without NCF, the Imperial Community Foundation Fund would probably not be here,” said Doug. “As a committee member, I cannot imagine forming and administering a foundation without NCF’s guidance and assistance.”
With about 4,000 people in Chase County, the Fund has raised more than half million dollars in endowed assets, plus additional planned gifts. “Without NCF, the Imperial Community Foundation Fund would not be where we are today in terms of endowment funds, structure and proper compliance. I felt it was only appropriate to award NCF a portion of the gift in this regard. Besides, Nebraska is a great state to live in and I would like to help do my part to keep it that way.”
Doug and Judy Gaswick have two adult children, Nathan and Nicki.
“Imperial is a very progressive community with strong, forward-thinking leaders. We have some very proactive committee members promoting the purpose of the Fund,” Doug said.