Skip to Content

Planned Giving

Terry E.
Shoup, Ph.D., P.E.

Santa Clara University
Member, Committee of Past Presidents
Past Chair, ASME Foundation Board of Directors
Member, Archimedes Club


There are two ways to give back. One is by donating time and energy. The other is by writing a check. Both make a difference.

"Giving is a wonderful way to make a difference and Archimedes guarantees the future of ASME long after I'm gone," Dr. Shoup says. "Any engineer who is planning their future needs to look at the big picture," he says of the Archimedes Club. "What am I going to need and what is going to be the most meaningful when I'm gone? It's important that people plan and make decisions well in advance. A small investment now has a huge impact on the ASME Foundation for the future. You don't have to be wealthy to make a difference through the ASME Foundation. All you have to do is have some heart and the desire to make a difference.

"Giving to the ASME Foundation is an opportunity to give back to my profession. There have been so many admirable people who I respect for making a difference to the world and their communities. I give to the ASME Foundation in appreciation for the friendships and knowledge I've received from ASME and from engineers throughout my career," he continues. "There are two ways to give back. One is by donating time and energy. The other is by writing a check. Both make a difference. Both make you feel good. I feel very proud about being part of the ASME Foundation and improving the quality of life for others because of ASME standards on products. Being a part of ASME keeps you connected with a network of people who are important to the field," he adds. "I've enjoyed the friendships I've made. You have the opportunity to learn leadership skills in a safe environment. I've been able to bring the values and tools I've gained through ASME to my teaching position and to the university."

Dr. Shoup credits his first mentor, Robert Page, who encouraged him to join ASME. "I'm so grateful to him for suggesting that I join ASME," recalls Dr. Shoup. "I met so many wonderful people and many of my closest friends are people I've met through ASME. These are people making a difference."

His legacy is also his students. "I always enjoyed working in teaching and molding young minds. I am a college professor as well as an engineer so I blended two passions, engineering and teaching," Dr. Shoup explains. At SCU since 1989, he served as the Dean of Engineering for 13 years and currently serves as Interim Vice Provost for Enrollment Management for the University. Dr. Shoup is the author or co-author of over 100 technical publications in the field of machine design. His recent R&D activities have focused on the use of spreadsheet modules to augment the design process in the analysis and synthesis of machine elements. "Engineers make things that make the world a better place," he says. "Times change. Technology changes. But problem solving has remained a constant."

MORE DONOR STORIES >

1

2

3

4

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to ASME 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, [name], of [city, state ZIP], give, devise and bequeath to ASME Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and 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 the 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 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 the 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 the 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 the Foundation where you agree to make a gift to the 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

Please provide the following information to view the materials for planning your estate.