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Making a difference: Bequests >
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Archived issues >



 

Making a difference: Bequests

When Ted Daywalt 80MBA wanted to make a significant contribution to the school that helped get him where he is today, he decided a bequest was the way to go. Drawing in like-minded alums, Daywalt became one of the original founders of the Legacy Society, now known as the 1836 Society, a group of over 500 members recognizing those who make planned gift contributions to the university. Daywalt, a retired Navy captain and president of VetJobs, hoped to inspire others to donate generously and created a bequest of $100,000.

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Ted Daywalt 80MBA , one of the original founders of the 1836 Society, chose to make an unrestricted bequest to his alma mater, saying “I wouldn’t be where I am today if it weren’t for my Emory education.”

Daywalt says he’s “a big Emory supporter” and thinks “it should be built into your psyche to give back to those who help you get where you’re at.” He made Goizueta a beneficiary of his life insurance policy, saying, “I didn’t have $100,000 in cash, but I know my estate will.”

Like Daywalt, Carter Freeman 59BBA, chairman and CEO of Janas Corporation, makes regular contributions to the Annual Fund, but also created a bequest because it “allows for a significantly larger contribution than I might otherwise make.” Freeman adds that “a degree from Emory provides prestige, and I want others to have the opportunities, knowledge, and experience of an ever-expanding Emory education.”

Ingrid Blanton, associate vice president of gift planning at Emory, confirms that “one of the benefits of bequests for donors is that many people will be able to make a far greater contribution in their estate plan than they would dream of doing during their lifetime.”

Bequests come in many forms. Some donors name Goizueta in their wills, while others, like Daywalt, designate Goizueta as a beneficiary of an insurance policy or 401k.

“It’s very simple and inexpensive to change the beneficiary designation in a life insurance policy or retirement plan,” says Blanton. “You’ll want to keep your lawyer apprised of any changes to ensure they are consistent with the remainder of your estate plan, but you can fill out the forms yourself, usually online.”

While some donors list a specific dollar amount in bequests, many choose to leave a percentage of their estate, says Blanton. That’s what Renita Jones Anderson 02EMBA and her husband, Rob, decided to do shortly after their marriage in 2006, noting, “It’s never too early to make an estate plan.” The arrangement offers several advantages. The Andersons remain assured that their gift will stay relative in size to their estate and—in accordance with changes in tax laws—maximize estate tax benefits, while the benefit to the school is likely to increase over time.

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Renita Jones Anderson 02EMBA, Rob Anderson, and their
daughter, Chloe Jane.

“We make an annual Partners Society gift to the school,” says Anderson, a market manager for IMERYS, “but our estate gift will hopefully have a greater impact as it grows over the decades.” She and Rob chose to make their bequest unrestricted, “to enable future leadership of the school to utilize the funds where there is the
greatest need.”

Some donors prefer to leave restricted bequests, often for scholarships or faculty development. Blanton encourages donors to contact Emory’s Office of Gift Planning if they are including Goizueta in their estate plans, for several reasons. “In addition to helping donors with language for any restricted gifts, we also want to be able to thank them during their lifetime for their future contributions,” she says. The school recognizes members of the 1836 Society in an annual luncheon, for example, and is happy to publicize the names of those honored by memorial donations.

“Bequests are important gifts,” Blanton adds, “because they are a significant source of revenue, and they help build our nest egg. Many donors leave a legacy to the endowment, which is exactly the kind of thing that’s helping us through tough times like these.”

For more information on bequest and life income gifts to benefit Goizueta, please contact Ingrid Blanton, Associate Vice President of Gift Planning, at 404-727-8346, Ingrid.Blanton@emory.edu, or visit www.emory.edu/giftplanning.

Cynthia Blakeley

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Visit the Goizueta page on the Campaign Emory website: www.campaign.emory.edu

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