Meet Donors Ted '76 and Michele Grindal
Ted Grindal has committed much of his life to Augsburg. Augsburg is a grateful beneficiary of Ted's time, professional expertise, and financial generosity. The generosity of Ted and his wife, Michele, has resulted in significant scholarship aid for Augsburg students.
Ted's parents met at Augsburg, his father went to Augsburg Seminary, and sisters— Gracia and LaRhae— are distinguished alumnae. Ted majored in political science and communications, and graduated cum laude in 1976.
Ted sang in the Augsburg choir for four years and in the Cabaret Singers. Involvement in local politics helped Ted hone his speech and debate skills, which he would later need in law school. Perhaps one of Ted's most notable achievements is that he helped start Augsburg's radio station, then known by the call letters KCMR. "I broadcasted from the top of Urness Tower," he said. "I'm sure I could be heard all of one mile away."
For over 25 years Ted has practiced law with the Minneapolis firm of Lockridge Grindal Nauen. Recently he completed 12 years of service as a member of the Augsburg Board of Regents. He chaired the board and headed the search committee that brought Paul C. Pribbenow to Augsburg in 2006 as the College's tenth president.
As chair of the Board of Regents, Ted participated in a campaign to educate Board members about the value of planned giving. At that time, Ted and Michele decided to name Augsburg as one of the beneficiaries of their life insurance. "Estate planning wasn't at the top of my mind then," he said, "but the life insurance option was a simple way for us to engage in a planned gift, and we are pleased that these funds will support Augsburg students now and for many years to come."
Ted and Michele's gift will fund the H. Theodore and Michele Grindal Scholarship Fund at Augsburg.
Life insurance may be one of the right gifts for you. They are easily structured. Certain tax benefits are available, the cost is minimal, and unlike Ted Grindal, you don't need to be an attorney or even see one to establish the gift. For more information, contact Doug Scott at 612-330-1575 or 1-800-273-0617 or firstname.lastname@example.org.
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 examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. 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. 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. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.