The Right Gift at the Right Time
Alumna Discovered a New Way for Her to Make an Impact in 2015
In 2015 Dr. Maurine Magliocco took the advice of her financial advisor and made a tax-free gift from her IRA to the university.
In addition to spreading Christmas cheer with family and friends this past holiday season, Dr. Maurine (Fisk) Magliocco '66 remembered Quincy University in a very special way.
"This was the first year I had a required minimum distribution from my IRA," Maurine says. "My financial advisor suggested a charitable gift, and I thought that was an excellent idea."
Maurine designated her gift to the Chapel, which she refers to as the "heart of the college."
"When I was a student, every day, my friends Carol Bledsoe, Pat Darche and I would meet there at noon to hear Mass before going to lunch," Maurine says. "It gave a purpose to everything else we were doing during the day. When President John F. Kennedy was assassinated, students flocked to the Chapel, and it was filled within minutes of our hearing the news. It was reassuring to be sharing our collective grief in such a warm and lovely place."
The Friars she fondly remembers include Frs. Pacific Hug, John Ostdiek, Phil Hoebing and F.J. Gray. Maurine was also nurtured academically at QU.
"For the first time in my life I felt that it was OK to be smart," she says. "I loved being around other students who wanted to learn, to use their minds, to grow as individuals. I remember that the Friars and lay faculty were
in their offices with their doors open as we walked down the halls. They were reading, talking with students and playing classical music. They embodied, for me, a world previously unknown, a world that valued the life of the mind. I felt that I could belong to that world."
After earning her master's and doctorate degrees, Maurine taught English for 37 years at Western Illinois University, retiring in 2004.
"Without one of my English teachers, Don Schweda, I probably would have never gone on to get my master's degree," Maurine says. "He and his wife, Jean, actually drove me to Western Illinois University to make sure I went and to help me get registered."
Regarding future plans, Maurine is now considering remembering the Chapel in her estate plan. "I would like to help it continue to be a spiritual center, a place of peace and beauty for generations of students to come-just as it was for me," she says.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.