MB Foundation announces $1.3 million gift

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Gift to benefit Sterling College

MB Foundation (MBF) is the USMB stewardship agency, yet the organization assists a variety of individuals in carrying out their charitable giving—most recently J. Lamar and Mildred Dunn, alumni and long-time supporters of Sterling College, a Christian liberal arts college located in Sterling, Kan.

The Dunns have donated $1.3 million from their estate to MB Foundation for the benefit of Sterling College. MB Foundation will manage the quasi-endowment for the benefit of Sterling College for the next 20 years, per the terms of the gift outlined in their estate plan. Following this time, Sterling’s trustees will decide how to use the unrestricted funds.

“I’m very pleased that the Dunn’s recognized the many benefits of working with MB Foundation,” says Jon C. Wiebe, president and CEO of MB Foundation. “While I didn’t know them personally, I assume they recognized our financial strength and expertise in processing charitable gifts. We will steward this asset carefully, on behalf of the Dunn’s, for the benefit of Sterling College.”

Before Lamar passed away in 2001 and Mildred in 2010, they made plans to leave a large portion of their estate for the benefit of Sterling College, where they served throughout their lifetimes. Their generosity will result in a charitable gift of a little more than $1.3 million.

“Sterling College is blessed to have alumni like the Dunns. It was obvious how much they cared about the college,” says President Paul J. Maurer. “They fell in love with Sterling College as students and that love manifested itself through lifelong dedication to their alma mater through the giving of their time, resources and now as their final act, a profoundly thoughtful estate gift that will impact the college for decades to come.”

MB Foundation corporate headquarters are located in Hillsboro, Kan. An office in Fresno, Calif., serves West Coast constituents. —MBF press release

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