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February 2000
Back Issues
Contents
Construction of the Emmanuel Village, the new housing complex for
students, is progressing rapidly. Concrete foundations are now poured,
walls are up, and the roofs
are nearing completion for three courts. The pace of construction will
very much depend on the cash flow as supporters of the Village project
continue to turn their campaign commitments into actual funding.
As of December 1, cash on hand was adequate to cover the October
work done on site preparation as well as Village construction work for
November and December. Twelve cottages (three 4-cottage courts) are
scheduled to be ready for occupancy by summer with the other courts
well under construction. By spring we intend to begin construction on
the remaining courts. This would eventually give the Village 26
cottages. Approximately $300,000 will be needed each month from
February to June to maintain this schedule. We would like to see the
Village built without the necessity of taking out building loans.
We are optimistic that a number of Cottages will be ready for
student occupancy this coming August. We are looking toward October 25
as the Day of Dedication for the Cottages and Courts. Once the
construction of the Courts and Cottages is completed, we will begin
work on the Thompson Community Center. Fundraising for the Community
Center continues. Friends interested in supporting projects in The
Emmanuel Village are encouraged to contact President
C. Robert Wetzel (423-461-1510) or Executive
Director of Development Dan R. Lawson at (423-461-1530).
Emmanuel Village construction progress may be seen on the Emmanuel
web site at www.esr.edu.
PATRICIO BEAUTELL is an Emmanuel student who was born
and raised in the Canary Islands of Spain, where he lived until he
came to the United States to attend college. In 1995, Patricio
enrolled at Georgia Tech and played collegiate golf. While there, he
came in contact with the Christian Campus Fellowship lead by Emmanuel
alumus RICK HARPER. Patricio became a Christian while at
Georgia Tech.
In the fall of 1996, Patricio found himself searching for direction
in his life. He was studying something he did not enjoy, and the dream
of becoming a professional golfer was not coming about. He searched
the Bible and discovered the words of The Great Commission, thus
developing an interest for mission work. When representatives from
Christian Missionary Fellowship came to campus, Patricio was
challenged to become a missionary. A year later, CMF leaders invited
the Georgia Tech campus ministry to join them in starting a campus
ministry in Mexico City. That invitation caught Patricio’s
attention.
After graduating from Georgia Tech, Patricio enrolled at Emmanuel
to prepare for the challenge of planting a campus ministry in Mexico
City. Patricio will be joined in this mission endeavor by a team of
other students from Georgia Tech’s CCF. They will work with Steve
Palich, CMF’s coordinator in South America. Plans currently call for
this team of students to plant campus ministries at Monterey Tech
South and UAM, both major universities in Mexico City.
Once again God is working out His great plan. He has found a
dynamic young man from Spain. He brought him in contact with an
energetic American campus minister and ministry where he came to
Christ. He challenged him to be a missionary and brought him to
Emmanuel to prepare for the task. Soon He will send him out to work in
the harvest fields of Mexico City.
God is at work in the lives of the students and alumni of Emmanuel
School of Religion.
From
the President
A Seminary
for the Stone-Campbell Movement
A few months ago, a group from the three streams of the Restoration
Movement met at Disciple Center in Indianapolis. This was the second
meeting of what has come to be known as the Stone-Campbell Dialogue.
And it is just that, a dialogue. Although I did not participate in the
first meeting in Cincinnati, I was invited to present a paper in
Indianapolis outlining the theological position of the Christian
Churches/Churches of Christ. Similar papers were done by those from
the Disciples of Christ and Churches of Christ There was an earnest
endeavor to understand each other and our common heritage but, at the
same time, readily acknowledging the unhappy history of division.
For me the occasion was filled with hope. I have written articles
in recent years in which I express a concern for building bridges with
those with whom we share a common history. Of course, this concern has
characterized Emmanuel School of Religion from its very beginning. The
1961 purpose statement in its Articles of Incorporation makes this
clear when it notes that its intended services are to be “in the
interest of churches known as Christian Churches, Churches of Christ
or Disciples of Christ.”
During his presidency of Emmanuel, Dr. Fred Thompson wrote a
definitive paper entitled, “What Kind of School is Emmanuel?” In
it he notes the unhappy division existing between Disciples of Christ
(The Christian Church), Christian Churches/Churches of Christ (“Independents”),
and Churches of Christ (a capella). He then says of Emmanuel School of
Religion, “While our financial support has always been provided by
‘independent’ churches and individual members of the Body of
Christ, we have always welcomed students from each of the three
communities, without prejudice, to study with us as they prepare for
Kingdom service.”
Today Emmanuel continues to receive most of its support from
congregations and individuals associated with Christian
Churches/Churches of Christ. But we do receive some support from
individuals and congregations from the other two fellowships.
Furthermore, Dr. Jack Holland from the Churches of Christ (a capella)
was recently added to the faculty. Earlier, Dr. Rodney Werline, an
ordained Disciple minister joined the faculty. The rest of us have our
roots in Christian Churches/Churches of Christ. Dr. Thompson stated
well our position when he said, “The perspective of Emmanuel, the
vantage point from which the school views the Christian faith, is
furnished by the Campbell-Stone tradition which focused from its
beginning on the unity of the Body of Christ and repudiation of the
sectarian spirit. A concomitant conviction is that Christian origins
have normative value for the church throughout history. This
particular point is most often expressed as advocacy of the
restoration of New Testament Christianity, or of Apostolic faith and
practice.”
It is in this sense that Emmanuel School of Religion sees itself as
a seminary for the Stone-Campbell Movement.
— Dr. C. Robert Wetzel, President
Bonnie Linkmeyer Scholarship
Bonnie Linkmeyer of Tarzana, Calif., has established an endowed
scholarship fund at Emmanuel that reflects the importance she places
on ministerial preparation. The Bonnie Linkmeyer Scholarship will
aid students at Emmanuel preparing for the preaching ministry in their
effort to further their studies at the graduate level. The scholarship
is funded from the cash value of a life insurance policy that Bonnie
took out some years ago in which Emmanuel School of Religion is named
as beneficiary. Ms. Linkmeyer has served for several years on the
staff of the Westwood Hills Christian Church in Los Angeles with Dr.
Myron Taylor. It is through the ministry of the Westwood Hills church
that she has come to appreciate the importance of a strong pulpit.
Gloria C. Seese Memorial Scholarship
In his estate planning, the late Paul E. Brown of Mesa, Arizona, and
Dalton, Ohio, made provisions in his will to begin an endowed
scholarship fund at Emmanuel. The gift from his estate will also
memorialize Gloria C. Seese, a secretary with his former law firm. The
Browns have stated that Mrs. Seese was like a “foster daughter” to
them. This gift will be a “lasting memorial to a truly outstanding,
unforgettable Christian lady.” The Gloria C. Seese Memorial
Scholarship will aid worthy students at Emmanuel in their
ministerial preparations at the graduate level.
In
the spring of 1997, Emmanuel School of Religion inaugurated the “Robert
O. Fife Lectures on Christian Reformation.” It was only appropriate
that Dr. Fife be invited to deliver the inaugural lectures. We are
pleased to announce that his lectures have been published in his new
book entitled Horizons of Reformation.
Dr. Fife’s book can be ordered from the Emmanuel Bookstore at
$6.00 plus shipping. You can place your order by mail or by phoning
the bookstore at (423) 461-1545. You can also order by e-mail at bookstore@esr.edu.
Remove doubts … Receive a guaranteed income
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The Dilemma
You either need or desire more annual income, but you are not
comfortable with taking the risk associated with “investing.”
Bank savings accounts and certificates of deposit are “safe,”
but the rates of return are insufficient to provide the cash
flow that you desire.
The Solution
Transfer money or securities to Emmanuel School of Religion as
part of an agreement that guarantees you a fixed income for
life. In addition, you will receive a tax deduction and avoid
paying taxes on a significant portion of the annuity income.
The principal, which funds the charitable gift annuity,
becomes the property of Emmanuel School of Religion, but
regardless of what happens to the value of the principal, you
receive a fixed income for life.
Let’s Be Specific
Mrs. Smith, age 79, has $50,000 in certificates of deposit
whose rate of return is not providing sufficient income to
meet her expenses. She transfers the $50,000 to Emmanuel
School of Religion who in return provides her a 9% fixed for
life income. While she receives $4500 per year for life, $2330
of that amount is excluded from taxes … and she receives a
charitable tax deduction of $28,736 in the year of the gift.*
Mr. Jones, 75, has invested in the stock market for years.
He has enjoyed the adventure of creating a large stock
portfolio, but now needs income in his retirement years.
Unfortunately, stock dividends amount to only a 2–3% return
… and he needs more cash. Mr. Jones establishes a charitable
gift annuity using $100,000 of his stocks. He receives $8200
per year for life, but pays income tax on only $2377 … and
receives a charitable deduction of $57,723 in the year of the
gift. Because the annuity is created with stock, there is some
capital gains tax, but it is greatly reduced and is paid over
the donor’s lifetime instead of in a lump sum payment. Since
the cost basis of Mr. Jones’ stock was $30,000, the
estimated annual 20% capital gains tax would be $1120, payable
over 12.5 years as opposed to a lump sum payment of $14,000.*
* All figures provided in January 1999.
A Service to You
If you would like to know the specifics about your situation,
provide us your birth date and the amount of the annuity you
would like to establish. With this information, we can give
you specific information in regard to how a charitable gift
annuity would work for you.
For Additional Information
For additional information about establishing a Charitable
Gift Annuity or other types of planned gifts, contact:
Dan Lawson
Emmanuel School of Religion
One Walker Drive
Johnson City, Tennessee 37601
(423) 461-1530
lawsond@esr.edu
The purpose of this material is to provide information
of a general nature. Neither Emmanuel School of Religion nor
any of its associates are engaged in giving legal or tax
advice. Individuals should seek the advice of their attorneys
and tax advisors for specific tax implications and laws
governing estate planning and charitable gifts. |
Some Questions
You May Have
How is the rate of return determined?
The rate of return is based on your age at the time the
annuity is established. Annuity ages are determined by your
closest birthday. The rate of return, and thus the annual
payments, does not change with your age. Contact Emmanuel
School of Religion to determine your rate of return.
What determines the charitable deduction?
The charitable deduction is determined by your age, the
percentage payment to you and the fair market value of the
property used to fund the annuity.
Does a joint annuity pay the same rate of return as a
single life annuity?
Joint life annuities pay less because payments must be made
over two lifetimes. Contact Emmanuel School of Religion for
sample joint life rates of return.
Can the annuity be used to provide income for someone
else?
Yes, you many include a spouse, parent, child or friend as
co-recipient of the income. This is referred to as a two-life
or joint annuity. When one of the recipients dies, the other
receives the amount that was being divided between them.
If there are capital gains taxes to be paid by funding
with stocks, what’s my advantage?
If a charitable gift annuity is funded with appreciated
securities, there are capital gains taxes to be paid, but they
are greatly reduced and payable over the annuitant’s
lifetime instead of in one lump sum payment. See the Mr. Jones
example.
Are there any other tax advantages to a charitable gift
annuity?
Yes, several. A portion of each annuity payment you receive is
tax-free. The amount varies with your age at the time you
establish the annuity and with the amount of the annuity.
Also, charitable gift annuities for one person, or for two
persons if they are spouses, are not subject to federal estate
taxes.
Is there a minimum amount to establish an annuity with
Emmanuel School of Religion?
Yes, regardless of your age, the minimum amount to establish
an annuity with Emmanuel School of Religion is $5,000. |
Emmanuel School of Religion announces the 2000 Kershner Lectures
featuring Dr. Paul J. Wadell, to be held March 21–24 at 11:00 a.m.
each day in the Seminary’s chapel.
Dr. Wadell is associate professor of Religious Studies at St. Norbert
College in De Pere, Wis. A native of Louisville, Ky., he received his
doctorate in theology from the University of Notre Dame in 1985.
Previously, he was a professor of Christian Ethics at Catholic
Theological Union in Chicago, and visiting professor in theology at the
University of Scranton in Scranton, Penn.
He is the author of several books, including Friendship and the
Moral Life, published by the University of Notre Dame Press, and The
Primacy of Love: An Introduction to the Ethics of Thomas Aquinas, published
by Paulist Press. His most recent publications include “Learning
Lessons of Forgiveness: A Meditation on Oscar Hijuelos’ Mr. Ives’
Christmas,” published in New Theology Review, and “The
Practice of Friendship in the Christian Moral and Spiritual Life:
Retrieving the Vision of Aquinas,” published in Listening: Journal
of Religion and Culture.
Dr. Wadell has given lectures and workshops on Christian ethics and
spirituality throughout the United States. His research interests
include the role of the virtues in the Christian life, the place of
friendship in moral and spiritual development, and the church as a
community of hope. He is currently working on a book exploring moral and
theological themes in literature.
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Emmanuel student Brian Seal, a graduate of Ball State
University, and Joe Lieway and Mark Pike, Ball State campus
ministers.
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Joe Lieway graduated from Emmanuel last Spring. He is a native
of Liberia, a country that has suffered from the pains of civil war.
Though the war is officially over, stress in the nation continues to the
point where Joe’s return to his native land could endanger his life.
It is just not safe for educated people to freely exist as they pose a
“threat” to those in government positions. Many at Emmanuel prayed
that God would open a door of ministry for Joe to remain in the United
States, but opportunities for an African native to minister in an
American church would be rare.
Mark Pike graduated from Emmanuel in 1990. He has been serving
as a campus minister at Ball State University in Muncie, Ind., since his
graduation. Presently, 400 Ball State students are from outside the
borders of the United States. The leaders of the campus ministry have
struggled with the challenge of ministering to these international
students, hoping that an individual could be added to their ministerial
staff with the special abilities to pursue this unique ministry.
In God’s providential way, Mark Pike heard about Joe Lieway. The
only thing that these two men had in common besides their love for
Christ and His church was their alma mater, Emmanuel School of Religion.
Upon meeting Lieway, Pike sensed that he had found the unique individual
needed to reach out to international students at Ball State. However,
the problem remained in that the position had no funding in the budget
of the campus ministry. Lieway was asked to secure his own financial
support for the beginning years of the ministry until more permanent
funding could be found. God provided and now Joe Lieway, a native
African with a bright smile, and Mark Pike, a Hoosier campus minister
with a vision for outreach, are working together to minister to this
important campus in the middle of Indiana.
Through Bible Study, campus fellowship, a bicycle loan program, a
tutoring class teaching English as a second language, a winter clothes
closet, and international dinners, this ministry is endeavoring to reach
around the world at Muncie, Indiana. God is working through the lives of
alumni of Emmanuel School of Religion.
35th ANNIVERSARY CELEBRATION!
Help honor Emmanuel’s 35 years by attending our celebration
breakfast on Wednesday, July 12, 2000, during the NACC. This special
event will be at the Louisville Radisson East Hotel (formerly Club
Doubletree Hotel), Exit 15 off I-64, at 7:30 a.m. Tickets are $15 each.
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