Dr. and Mrs. Richard Kain
"My gift to the University is the best investment I have right now."
Professor Emeritus Dr. Richard D. Kain graduated with high distinction from Ohio Northern and was professor of industrial arts (now the Department of technology) from 1953 to 1984, chairing the department for 28 of these years.
His first experience on the campus was meeting Dr. C.H. Freeman whose influence convinced him that Ohio Northern was capable of providing the educational program he desired. More than fifty years later, Dr. Kain maintains, "That was the best decision I ever made."
Dr. Kain's contribution to ONU did not stop with his retirement. Today he and his wife, Ruth, support the annual Northern Fund through the Richard D. Kain Scholarship Fund
for Technology Students, and he continues to design and engrave signs for the campus.
Recently, Dick and Ruth learned about the Ohio Northern University's charitable gift annuity. With current interest rates at historic lows affecting their certificates of deposit and other holdings, and the fluctuating volatility of the stock market, they were looking for better returns on their investments to supplement their retirement income.
They found the answer in the ONU charitable gift annuity. "We've always contributed to the support of Ohio Northern, so when I heard about the benefits of the charitable gift annuity, it just made sense to take advantage of this type of gift that benefits both the University and our retirement. This is the best investment I have right now."
The ONU charitable gift annuity provides:
- Fixed income payments for your lifetime and the lifetime of your spouse
- Significant tax breaks at the time of the gift and for a period thereafter
- Attractive rates (see chart) of the payout based on age of the donor
- Support for Ohio Northern for generations to come
These are just some of the advantages for establishing a charitable gift annuity with Ohio Northern University. The most important advantage, however, is the knowledge that this gift will benefit Northern for generations to come. To quote Dr. Kain, "It just makes sense."