Planning for Future Generations

Darryl KaminskiDarryl Kaminski '77, '81 never could have predicted that his career would take him around the world, but his willingness to take advantage of opportunities, try new things and treat others with respect opened many doors. After graduating from Don Bosco High School on Milwaukee's south side, Darryl joined a softball team and the team manager was an Air Force recruiter. His manager recruited him to the Air Force where he trained to become a medic and briefly served in Vietnam. Upon returning home, he worked as a medical technician at St. Mary's and St. Joe's hospitals.

Mutual friends set him up on a blind date with Patricia, whom he would end up marrying. Patricia was among the first physician assistants in Wisconsin and a female pioneer in the field. A native of Canada, she earned her undergraduate degree in chemistry at the University of Western Ontario and post-graduate courses in biochemistry at Queens University in Kingston, Ontario. She attended Duke University as well, the birthplace of the physician assistant profession. When one of her advisors at Duke moved to Milwaukee, she followed him. Ultimately, Patricia worked with Dr. Derward Lepley Jr., who led Wisconsin's first heart transplant surgery team. The team also completed countless coronary bypass and valve replacement procedures, and Patricia was responsible for taking patients' veins, assisting the surgeon and closing patients' chests at the completion of the operation.

After a few years, Darryl left health care to work at Briggs & Stratton. Following a layoff Patricia encouraged him to take advantage of his G.I. Bill and enroll in classes at MSOE. He was called back to work on third shift while earning his associate degree at MSOE. Patricia, ever the academic, also enrolled in a few classes at MSOE. They fondly remember a law class they took with Dr. Roger Frankowski. "Darryl did really well in the class," said Patricia. "I, on the other hand, needed a little extra help. Before the final exam, Dr. Frankowski told me whatever I thought the answer to the question was, to answer just the opposite. It worked! And I passed the exam!"

Darryl next took a position at EZ Paintr as a supervisor and manufacturing paint applicators. He wanted to pursue a career in management so he continued at MSOE to earn his bachelor's degree in industrial management.

"I really liked MSOE," said Darryl. "The faculty treated me as a colleague, not a student-especially Roger Frankowski, Bob Loss and Peter Kuhfittig. MSOE showed how much they cared in 1981 when my father passed away. It was during finals week, and they provided a tutor to help me get through."

Darryl's creative thinking and problem-solving skills helped him advance at EZ Paintr, which later became Shur-Line, a Newell Rubbermaid company. He traveled extensively, visiting plants throughout the U.S., China, Indonesia, Europe and more. As the product manager of brush technology and development, he also oversaw facility acquisitions and closings. As Newell expanded, Darryl was often requested to assist in the development of other divisions including Newell Rubbermaid and Sharpie Pens.

Now retired, the Kaminskis enjoy traveling the world, often visiting Newell Rubbermaid employees with whom Darryl still keeps in contact. "I cared about my colleagues and enjoyed mentoring them. I really bonded with them and that relationship has continued over the years."

The Kaminskis are active in the horse racing industry, and have developed many friendships with fellow horse owners and trainers. Patricia loves spending time in the barns with their horses, while Darryl focuses on handicapping horses for the races. One of their horses, River Place, races at Arlington Park and two will soon go to Churchill Downs. They also enjoy their smaller four-legged friends at home: Olaf and Shiloh, two Keeshond show dogs.

In 2007, the Kaminskis created the Darryl L. Kaminski '81 Endowed Scholarship Fund at MSOE to assist undergraduate juniors and seniors, with preference given to those who have demonstrated financial need and served in the U.S. Military or Peace Corps. "We really enjoy meeting the students we are helping through the scholarship," said Patricia. They have also committed a planned gift to MSOE in their estate plan.

Although Darryl's path to success was far from a straight one, he feels he owes it all to MSOE. "We are pleased that we are now able to give others the same opportunity at MSOE that I found so valuable."

For more information on establishing an endowed scholarship or including MSOE in your estate, contact Ted Fitzpatrick at (414) 277-7148 or fitzpatrick@msoe.edu.

A charitable bequest is one or two sentences in your will or living trust that leave to Milwaukee School of Engineering 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, [name], of [city, state, ZIP], give, devise and bequeath to Milwaukee School of Engineering [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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 MSOE 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 gift 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 receive an immediate federal income tax charitable deduction. 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 MSOE as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 MSOE 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 MSOE where you agree to make a gift to MSOE 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.

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