DONOR PROFILE REMEMBERING HER HERITAGE, PLANNING FOR GEORGIA'S FUTURE Nellie Shirey Herringdine Nellie Shirey Herringdine was the first person in her family to go to college thanks to her parents' determination and her father's hard work on their southern Washington County farm. Mrs. Herringdine earned a master's degree and taught in public school for 40 years, far exceeding her father's dream to see his "little girl" receive a diploma. While she did not go to UGA, Mrs. Herringdine did spend many hours in summer classes and seminars at the University. She moved to Athens in recent years and has grown to love the school as if it were her own. Wanting to do something for the University in memory of her parents, she explored several planned gift ideas. Ultimately she chose the charitable gift annuity which increased her income from some long-held but under-productive assets, gave her an immediate tax deduction and lessened her capital gains liabilities. Eventually this gift will establish a fund in her parents' names to benefit the Warnell School of Forest Resources in honor of her father's love for Georgia's pine woods. Mrs. Herringdine says, "He'd be so proud to know that his family had done something to help other Georgia timber growers prosper, and I certainly wouldn't have been able to do this without the support he gave me to acquire a college education." If you would like to join Mrs. Herringdine in supporting UGA through a planned gift, please contact Keith Oelke at 706-542-8179. Gift & Estate Planning can help you create a gift plan that will best express your desire to benefit the University, at the same time fulfilling your personal financial goals. A properly-designed gift can complement your own goals in several ways: Build a brighter future for your University Provide life-long income Convert low-yielding assets into a higher income stream Reduce or eliminate taxes on capital gains Generate a substantial federal income tax deduction Eliminate or reduce federal estate taxes What are your donor goals? Use the chart below to match your goals with the type of giving that is right for you. Or, you can go directly to a particular type of giving by clicking the links at the left side of this page. There are two basic categories of major gifts to the Arch Foundation: Current Gifts and Deferred Gifts. Each has its own advantages with regard to your financial plans, and each greatly benefits the University. Current Gifts Current gifts are gifts made in the current year that the University may be able to utilize immediately. They are often called "outright" gifts or "immediate" gifts. Current gifts may be applied to help fund scholarships based upon academic credentials, financial need, or both. They may also benefit a specific department, school, college, the libraries, etc. When you name a specific purpose or place to receive the benefit of your donation, we call that a "restricted" gift. Deferred Gifts Deferred gifts are often called "planned gifts" because they are integrally connected to your financial and/or estate plans. They may range in size from very small bequests to multi-million dollar trusts. We call them deferred gifts because, even though they are given today, the University will not realize their benefit until some time in the future. Large deferred gifts have had a major impact on the University. The Main Library building on North Campus was built with a bequest from the will of Ilah Dunlap Little. Many other programs and buildings came into existence because of the generous foresight of a supporter of the University. The English philosopher and scholar Alfred North Whitehead said that "the task of the University is the creation of the future." A deferred gift is the best way to help the University create the future. We divide deferred gifts into two general categories: Estate gifts are those gifts normally associated with your Will or final distribution of your estate; life income gifts provide either an income or the use of some asset for the duration of your life. Knowledge of deferred gifts is an excellent long-range budget planning tool for the University. A documented deferred gift to the Arch Foundation makes you eligible for membership in the Heritage Society. Estate Gifts The largest gifts to the University have traditionally been estate gifts. Estate gifts may be a few hundred dollars or millions of dollars. Like all other gifts they may be "unrestricted" for use where need is greatest, or "restricted" to a particular program. Your estate gift allows your assets to continue helping the University long after you are gone. Life Income Gifts Imagine making a gift that gives back to you. You may make a gift of cash, securities, and/or real estate to the Arch Foundation and retain the right to receive income from those assets for as long as you live. Usually you include your spouse or another beneficiary in the gift contract so they will continue to receive life income if you predecease them. At your death and/or the death of the last remaining beneficiary, the Arch Foundation receives the remaining principal. Please make all gifts to the Arch Foundation for the University of Georgia, Inc. If the goal of your charitable giving is to: To help the Arch Foundation you could: Make a quick and easy gift and receive an income tax deduction Write a check to the Arch Foundation for the University of Georgia, Inc. Avoid taxes on capital gains and receive an income tax deduction Make a gift of long-term appreciated stock or other securities Make sure a valued private collection stays intact and is available for your family to view or study by others in the future Donate the collection to the University of Georgia Defer a gift until after your death and avoid the possibility of estate taxes Name the Arch Foundation as a beneficiary under your will Make a gift with little current cost to you Contribute a life insurance policy that is no longer a part of your estate plans Avoid income and estate taxes on IRAs or other retirement plans Name the Arch Foundation as a direct beneficiary of all, or a portion, of your retirement assets Avoid capital gains tax on the sale of appreciated real estate and receive an income tax deduction Donate the property to us prior to entering into a sales contract Potentially increase your current income, create a hedge against inflation over the long term, and receive an income tax deduction Establish a charitable remainder unitrust (CRUT) Receive fixed income for life while avoiding market risks, possibly increase your rate of return, and receive an income tax deduction Establish a charitable remainder annuity trust (CRAT—$100,000 or more) or a charitable gift annuity (CGA—$10,000) or more Make a gift of current income to the Arch Foundation with the income-producing assets ultimately to go to your heirs, potentially reducing gift and estate taxes Establish a charitable lead trust (CLT)

Keith M. Oelke Executive Director Types of Giving Featured Donors Professional Advisory Reference Heritage Society Get In Touch! Home