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The Gundersons gave back to the community where they raised their family and built their assets

Verlene and Gerald Gunderson

Endowment Building

The Gundersons gave back to the community where they raised their family and built their assets

“Tis better to give than receive” is a value that was instilled in Verlene and Gerald “Gundy” Gunderson while they were growing up in Beemer, Nebraska and Norway, Iowa. 

The Gundersons once again put this value into practice with gifts to the Wausa Community Foundation Fund’s Endowment and the Lincoln Township Library Foundation. 

Following in his father’s footsteps, Gundy began his career in banking in 1959 at the Commercial State Bank in Wausa. In 1994 he retired as President of the bank and today serves as Chairman. Gundy and Verlene are proud of the fact that ownership of the bank remains in local hands.

While Gundy was running the bank, Verlene kept busy as a homemaker and mother of three children. Today all of their children live, work and are raising their families in rural Nebraska.

“The community and people of Wausa have been so good to us, our business and our family that we feel a strong desire to pay back the community. If you feel you have gained monetarily and otherwise from your community, you should consider a charitable gift back to your community,” said the Gundersons. 

As business owners, community leaders and now great grandparents, the Gundersons believe an unrestricted community endowment is an important asset because it is permanent and keeps giving year after year. “The grants from the endowment can be used to engage youth in the community, help build and train future leaders, and help keep business on main street,” said Gundy.

“The happiness, satisfaction and level of joy you receive when making a gift is a tremendous feeling. Once you have experienced that feeling you will want to repeat it over and over. It truly ‘tis better to give than receive,” explained Verlene.

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$2.3M Estate Gift for Entrepreneurship and People Attraction

Rudolph H. Elis

$2.3M Estate Gift for Entrepreneurship and People Attraction

A $2.3 million endowment has been established to support entrepreneurship and people attraction in north-central Nebraska. Rudolph H. Elis created a donor-advised fund in 2006 that was funded by a bequest upon his death.

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Siberts’ Challenge Grant Creates Endowment in Red Cloud

Frank and Shirley Sibert

An attitude of gratitude prompted Frank and Shirley Sibert, former longtime residents of Valentine, in north-central Nebraska, to give a $100,000 gift of appreciated securities to the Red Cloud Community Foundation, an affiliated fund of the Nebraska Community Foundation and their hometown, in South Central Nebraska.

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Boettchers Provide Scholarships for Spencer Students

Bruno and Laverne Boettcher

Bruno and Laverne Boettcher, were a couple so grounded in their hometown of Spencer, in North Central Nebraska, that they simply could not be described apart from it.

Read more »

More Donor Stories...

  1. Harold and Marilyn Rink »
  2. Robert Harm »
  3. Lemoine “Andy” and Geri Anderson »
  4. Paul and Karen Seger »
  5. John Daro »
  6. Rolland R. Ramsthel »
  7. Verlene and Gerald Gunderson »
  8. Don and Alice Harpst »
  9. Jim and Ginger Nissen »
  10. Kathryn Wall »
  11. Doris Miller »
Title Description
Charitable Gift Annuity A Charitable Gift Annuity, allows the donor to make a gift and receive fixed income payments for life and/or for the lifetime of a surviving beneficiary. More information.
Charitable Remainder Trusts A Charitable Remainder Trust is a legal instrument into which a donor transfers irrevocably the ownership of assets such as securities or real estate. In return, the donor receives an immediate charitable income tax deduction and the right to receive an income. When the trust ends, the property remaining in the trust passes to the Nebraska Community Foundation to be used according to the donor’s directions. More information.
Donor-Advised Funds A donor-advised fund can be established and funded either currently or with a testamentary gift. The donor or the fund advisors recommend grant disbursements to eligible charitable organizations within Nebraska Community Foundation guidelines. This type of fund also qualifies for the highest charitable income and estate tax deductions allowed by law, while bypassing capital gains tax on gifts of appreciated assets to the fund. More Information.
Endowment Building A Permanent Endowment Fund is held in perpetuity and invested in a manner that protects the principal while the investment income provides ongoing support for donor-designated projects and expenses approved by the Fund Advisory Committee. Many donors choose to give to unrestricted endowments of the affiliated funds they wish to support.
Gift of Ag Commodities Fluctuating prices have created opportunities for making tax-advantaged gifts of grain or livestock.
Gifts of Real Estate A gift of real estate offers several special tax incentives and other benefits. More Information.
Gifts of Securities Tax laws offer a triple tax benefit for gifts of securities (stock, bonds and mutual funds) that have increased in value since purchase or acquisition. Donors can receive several tax benefits: charitable income tax deduction, avoidance of capital gains taxes, and reduction of potential estate taxes. More Information.
Gifts of Tangible Personal Property Tangible personal property is broadly defined in the tax code as any property, other than land or buildings that can be seen or touched. More information.
Scholarships Scholarships, especially non-traditional scholarships, are a technique many donors have used to help strengthen the workforce for their hometown.
Wills and Bequests A bequest, a gift in your will, is an opportunity to make a difference in the quality of life in your hometown and continue the support you have provided during your lifetime. More Information.

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