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Wartburg Scholarships Honor Our Past and Impact Our Future


Ed Scharlau

"Establishing a scholarship offers an opportunity to affirm our Wartburg College heritage and to respond in gratitude for the exceptional Wartburg experience that others made possible for us." --Ed Scharlau '61, Edwin and Lorrraine Scharlau Great Expectations Scholarship

More than 90 percent of Wartburg students receive financial assistance, and scholarships are an essential component of a student's overall financial aid package. Student scholarships free up funds for other needs that enhance and strengthen the quality of the Wartburg College experience. OrangeOpportunity encompasses annually funded, endowed, and Great Expectations scholarships, providing opportunities for students and also offering rewarding benefits for donors and supporters of Wartburg.

Annually funded scholarships can be made with a minimum yearly gift of $1,000 given in one payment or in several payments during the year.

Endowed scholarships currently require a minimum gift of $25,000 and can be funded through outright or deferred gifts. Payments can be made in installments over a period of years. Once the fund reaches this level, it is awarded annually from the earnings that the fund balance generates. The principal remains intact and the award is perpetual.

Great Expectations scholarships require a minimum of $50,000 and can be established with outright or deferred gifts over a period of years. Recipients are encouraged to "give back" with future gifts to sustain the scholarship fund.

Keep us orange! Download the OrangeOpportunity: Funding Scholarships and Futures at Wartburg College brochure.


Your current or deferred gift to establish or add to an existing scholarship will impact the lives of current and future Wartburg students. Contact Don Meyer, CFRE, director of gift planning, for more information at 319-352-8487 or

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to Wartburg College 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

The bequest language for Wartburg College is "I [name], of [city, state ZIP], give, devise and bequeath to Wartburg College, Waverly, Iowa, [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 Wartburg College 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 Wartburg College 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 Wartburg College 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 Wartburg College where you agree to make a gift to Wartburg College 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.