Skip to Content
students on campus students on campus campus landscaping students on campus arch on campus
header1

First Generation Alumnus Gives Back to SXU

John DeLeonardis

John DeLeonardis ’89

"My brother and I were the first generation in our family to go to college," says John DeLeonardis, M.B.A. alumnus of the Graham School of Management. Although John's father did not have a degree, he instilled in his sons the value of higher education.

"I started as a traditional student, but my father passed away when I was 20, so I had to go to work," John says. "I took night classes to complete my undergraduate degree, and then years later I went back to night school for my graduate degree. Luckily, my employer helped pay for school."

John, a retired vice president of Operations and Administration for Goldman Sachs, and his wife, Patricia, were determined to financially help the next generation of students by including Saint Xavier in their will.

"I was going to school alongside students who were like me—first-generation college students and some struggling financially," John says.

John also credits many of his Saint Xavier professors and administrators with explaining the Mercy Mission of SXU—and instilling in the M.B.A. students the importance of ethics in business and society.

Twenty-eight years after graduation, John and Patricia find themselves living the values of Saint Xavier through their generous philanthropy toward Catholic education.

"Pat and I decided to leave a legacy gift to Saint Xavier," John says. "We hope that the students who will eventually receive our scholarships will decide to help other students in need."

And with more than 90 percent of SXU students receiving financial assistance, John and Patricia's generosity will have an enormous impact on many lives.

If you want to include Saint Xavier University in your estate plan, as John and Patricia have done, please contact Anna R. Simons '03, ‘07 at 773-298-3322 or asimons@sxu.edu to get started.

eBrochure Request Form

Please provide the following information to view the brochure.

First name is required
Last Name is required
Please include an '@' in the email address

A charitable bequest is one or two sentences in your will or living trust that leave to Saint Xavier University 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

I give, devise and bequeath to Saint Xavier University, a non-profit corporation existing under the laws of the state of Illinois and located in the city of Chicago, Illinois, ________ (fill in a percentage of your estate, a certain sum of dollars, or a description of particular property), to be used in its area of greatest need.

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 Saint Xavier 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 Saint Xavier 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 Saint Xavier 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 Saint Xavier where you agree to make a gift to Saint Xavier 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.

First name is required
Last Name is required
Please include an '@' in the email address