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Roger '50 and Myra Greenberg

Honoring Family Ties and Lifelong Lessons

Roger and Myra GreenbergRoger Greenberg '50 still remembers the sign legendary football coach Doc Milburn hung in the locker room: "A quitter never wins, and a winner never quits."

"It was a wonderful philosophy, and quite a number of us remember it," he says. "The discipline that came with military training, the friendships I made through athletics and the great instructors like John Nelson — these are all things I may not have appreciated at the time, but I certainly do now."

Roger entered Breck in 1941 and especially enjoyed math and science classes, particularly physics. He went on to earn his industrial engineering degree from the University of Minnesota and founded a company called Bro-Tex, featured in a Star Tribune article about its innovative program to recycle old carpets and keep them out of landfills. The recycled carpets become everything from new carpet or padding to cement mix and even sewer pipes.

Still active at Bro-Tex even though he now winters in Florida, Roger says modern technology makes it easy to work from a distance. And when he's not working, he enjoys golf, exercise, boating and going to boat shows.

He also enjoys time with his family — many of whom have Breck ties of their own. Roger and his wife Myra have four children, including daughters Arlys and Cynthia, both of whom attended Breck in the 1960s, daughter Emily and son Dan '86. And Arlys and her three children, Ben '06, Joshua '11 and Becca '12 are keeping the Greenberg family relationship with Breck alive and well.

Roger, a former trustee, has been a long-time loyal donor to Breck's annual fund. But it's that sense of the enduring rewards of a Breck education that prompted him to think of the future by providing a bequest to Breck in their estate plan. "We're glad to do it," Roger says. "It's good to leave a little legacy to places and organizations that have been significant in our family's life."

A charitable bequest is one or two sentences in your will or living trust that leave to Breck School 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 give [the sum, percentage, or description of property] to Breck School, Golden Valley, Minnesota, to be used ['where it is needed most', or 'for the endowment', or 'for the ____ program endowment', or 'according to my written instructions on file with Breck School']."

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 Breck School 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 Breck School 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 Breck School 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 Breck School where you agree to make a gift to Breck School 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.

eBrochure Request Form

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