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Rogers Honors Legendary Coach Presley Askew

Aggie coaching legend Presley Askew made such a lasting impression on one of his former players, Robert C. Rogers, that Robert set up an endowment in Askew's name to honor his former mentor and coach.

The Presley Askew Endowed Scholarship will be awarded to student-athletes in men's and women's basketball and football who have demonstrated excellence in their academic achievements.

"Coach Askew was a big influence," Robert says. "I was a young man who, at the time, needed some direction in my life, and coach Askew provided that to me. He was a hard taskmaster to play for, which in turn helped me become a well-rounded individual. Coach Askew taught me a lot about being an honest, responsible and straightforward person, and for that I'm extremely grateful."

Askew coached the Aggie men's basketball team from 1953 to 1965 with an overall record of 135 wins and 146 losses. His most wins in one season came during the 1959-60 season as the team went 20 and 7, losing in the first round of the NCAA Tournament to Oregon.

Presley Askew Field was dedicated during homecoming ceremonies on Nov. 14, 1981, in honor of the former Aggie baseball and basketball coach. Askew is still revered as one of the greatest coaches in Aggie history.

"Our family very much appreciates the generous contribution Bob Rogers has made," Presley Askew Jr. says. "Dad was a caring person, and he would be very pleased to know that a former player is doing so much in his name to help others."

Robert played for two years in Las Cruces under Askew from 1962 to 1963. After college, Robert had a successful career in the elevator industry for 41 years. Now retired, Robert lives in Florida with his wife, Margaret.

A charitable bequest is one or two sentences in your will or living trust that leave to the New Mexico State University Foundation 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 to the New Mexico State University Foundation, a nonprofit corporation currently located at P.O. Box 3590, Las Cruces, NM 88003, or its successor thereto, ______________ [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

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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.

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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 the NMSU Foundation 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 the NMSU Foundation 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 the NMSU Foundation where you agree to make a gift to the NMSU Foundation 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.

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