Rick Schiming '69 Blends Gifts
to Fund Scholarship in Memory
of His Parents

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Rick Schiming '69 and his wife,
Trish Hargrove

Rick Schiming '69 received a full-tuition scholarship to attend Valparaiso University, and he is in turn setting up a Valpo endowed scholarship fund with a blend of gifts: a bequest in his will and a beneficiary designation of his life insurance policy. He also gives to the Valpo Fund annually and has funded a charitable gift annuity.

"Valpo shaped who I am as a person," says the Valparaiso University Alumni Association treasurer. "I'd like to make a Valpo education possible for other students who need assistance."

Rick grew up in Ohio and chose Valpo because of the scholarship. "I had never set foot on campus until the first day of my freshman year," he says. "It was one of the luckiest choices I have ever made."

He went on to graduate school at The Ohio State University - also on a full scholarship - and then taught economics for 38 years, mostly at Minnesota State University, Mankato. He and his wife of 45 years, Trish Hargrove, now live on the Eastern Shore in Maryland. Rick named a scholarship in memory of his parents, William and Ruth Schiming, and designated it to students studying in Christ College - The Honors College.

"I included Valpo in my will but also wanted to be sure there was a guaranteed way for the scholarship fund to be created," Rick says, explaining why he added the life insurance gift. He also stated that the charitable gift annuity is a "win-win-win because Valpo receives a gift, we receive a tax benefit and annuity income, and we are also able to support a project near and dear to us."

"There is a sense of calling that Valpo instills in you," Rick says. "They want you to not just do well financially, but to do well in life - as a person and as a Christian. Valpo has a special place in my heart."

 

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