IRA Charitable Rollover allows Aleta Gile to fulfill a shared dream

Aleta Gile
Aleta remembers seeing operatic legend, Samuel Ramey, onstage at Miller Hall in 1965. She and husband, Marvin, envisioned supporting students like Sam Ramey in fulfilling their dreams.

F
ine arts aficionados, Aleta and Marvin Gile attended many WSU and Wichita community performances, their passion stemming from their families’ musical backgrounds. Marvin was a self-taught piano player and sang in a quartet with his brothers, and together Aleta and Marvin sang in the Wichita Choral Society.

While neither graduated from WSU, both took courses as students and Aleta spent 35 years as secretary in the College of Engineering, retiring in 1994. Her proximity to students is what inspired her and Marvin to dream of one day lending their support. When Marvin’s brother, Larry Gile, an accomplished pianist and violinist, died in 1988, an endowed scholarship was established in his memory. Aleta and Marvin began contributing regularly to Larry’s scholarship, but continued to discuss how they could do more.

In 2007, Marvin suddenly died and Aleta became determined to fulfill Marvin’s dreams. Her first contribution from an IRA Charitable Rollover came in 2007 when she designated her required minimum distribution to the Larry Gile Memorial Scholarship fund.

“Marvin and I did not have children so we viewed the WSU students as our kids. We wanted to give them the opportunity to further their education,” said Aleta Gile.

Congress has recently re-authorized legislation to allow an outright charitable gift from an Individual Retirement Account (IRA). The individual must be 70 1/2 or older at the time of the gift and the transfer must be made during the 2011 calendar year directly to the Wichita State University Foundation.

“I always thought if the opportunity presented itself again, I would definitely take advantage,” said Gile.

With the availability of the rollover for 2011, Gile again transferred her required minimum distribution to the WSU Foundation to fully endow the Aleta and Marvin Gile Piano Scholarship, a current fund Aleta established in 2008 in memory of her husband.

“I know Marvin would be delighted we are helping students, especially since this was something we talked about for so long.”

The rollover gift not only counts toward the required minimum distribution, it is a tax-neutral gift free from income tax and will not generate an income tax deduction.

“I would encourage others to take advantage of this opportunity. It’s good for them, being tax-neutral, and even better for WSU students, which is what truly matters.”

If you would like information regarding IRA Charitable Rollovers, please visit this link on our website How to use an IRA Rollover to make a gift. or contact Mike Lamb, WSU Foundation vice president for planned and annual giving, at (316) 978-3804 or mike.lamb@wichita.edu.

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