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Late Educator Sets Example With Scholarships for Local Students

Betty Ableman

The late Betty Ableman, a local educator with a generous heart. Above left: Kellogg High School where Betty taught.

Longtime North Idaho resident and educator Betty Ableman had a passion for children and for her community, and her generous heart continues to help others long after her death in 2006 at the age of 80. Under the terms of her will, Ableman's share of her marital estate was earmarked for local causes, including scholarships for North Idaho College students.

During her long career as a math teacher at Kellogg Junior High School and Kellogg High School, Betty was called "tough," "inspirational" and "deeply caring" by those who sat in her classes. Her expectations of her students were high, and she encouraged many Silver Valley teenagers to pursue higher education.

Kellogg High School

Kellogg High School where Betty taught.

Her legacy will make that dream come true for many more students with the establishment of The Betty Ableman Scholarship through the North Idaho College Foundation for students from Kootenai and Shoshone Counties who choose to pursue medical studies.

"By creating a will and designating NIC Foundation as a beneficiary, Betty will forever create hope and opportunity for students to pursue their future goals and career aspirations," said NIC Foundation Executive Director Rayelle Anderson. "We are honored to steward Betty's wishes and to be a recipient of her lasting legacy to help others."

Learn More

To learn more about estate planning, contact Rayelle Anderson, Executive Director at (208) 769-5978 or

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to North Idaho College Foundation 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

Bequest Language

"I hereby give to the North idaho College Foundation, an Idaho non-profit corporation located in Coeur d'Alene, Idaho, the sum of (fixed amount, percentage of estate, or description of property) to be used for (specify a fund or leave unrestricted to greatest need.)

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 money (and how often) you want to distribute money from that fund to North Idaho College Foundation 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 educational excellence and student success.

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 NIC Foundation 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 NIC Foundation 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 NIC Foundation where you agree to make a gift to NIC Foundation 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.

Personal Estate Planning Kit Request Form

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