NOVEL CORONAVIRUS UPDATES AND RESOURCES

Planned gift funds tree fruit research and fellowship program

New AgBioResearch endowment funded by a planned gift from Ken and Pauline Bull will support tree fruit industry research and extension work.

A 1933 MSU graduate, Ken Bull was a prominent cherry grower from Western Michigan and an industry leader. His wife, Pauline, was a homemaker, past president of the Michigan State Horticulture Auxiliary Society and an active volunteer in the community.

Together, they established a charitable remainder unitrust (CRUT), a planned gift to create the Ken and Pauline Bull Tree Fruit Industry Research and Fellowship Program Endowment, which came to MSU a decade after Mr. Bull’s passing. This new endowment, administered by MSU AgBioResearch, supports the tree fruit industry (including apples, cherries, peaches and plums) research and extension work in the areas of marketing, economics, horticulture or product development.

Prior to their deaths, the Bulls also established the Kenneth E. Bull Endowed Fund for Cherry Marketing with a gift of over $1 million in 1995. Over the years, this fund has supported equipment purchases and remodeling projects at the Northwest Research Extension Center and cherry research awards.

In addition, the Bulls have been donors to the Michigan 4-H Foundation and created a scholarship with the Fremont Area Community Foundation for students from Grant and Newaygo High Schools.

What is a CRUT?

A charitable remainder unitrust (CRUT) is a trust that pays the donor and/or other designated recipients an income for life or for a specified number of years. After that time, the balance of the trust is applied to the purpose designated by the donor, in this case it funded an endowment. Learn more about charitable remainder trusts (CRUT).

 

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