>newground
In their cruise around Cape Horn, the Beaudrys stopped in Santiago, Chile, where they visited the scenic San Cristobal Hill
The operative word is “planning.” Take one example: Retired professors Jim and Agnes Beaudry established a scholarship on the IUPUI campus that will enable future French teachers to study abroad. They did so by establishing two charitable gift annuities. The Beaudrys spent their careers educating and inspiring young people. They believe that firsthand experience of a foreign culture is essential to that education. But they, too, love to travel, and the guaranteed payments generated by the charitable gift annuities will help them to fulfill their own dreams of travel. Earlier this year they fulfilled one such dream when they cruised around Cape Horn and crossed the Strait of Magellan.
Jane and Fred Schlegel chose a gift of life insurance as the instrument to establish a scholarship on the IUPUI campus. Both are civic-minded and very active in Indianapolis philanthropy. Jane chaired the School of Social Work’s committee for the IUPUI Comprehensive Campaign, and Fred is on the board of the Indianapolis Symphony Orchestra. They also provided a leadership gift to the School of Social Work during the Comprehensive Campaign, an example which encouraged others to follow suit. The Jane and Fred Schlegel Scholarship for Positive Community Change is a study package open to anyone majoring in liberal arts, with particular attention paid to students with previous experience in organizations such as the Peace Corps and other humanitarian agencies.
Lasting Legacies
The Beaudrys and the Schlegels, whose gifts will ultimately become a legacy to IU, followed in the footsteps of the late Margaret A. Cook, a long-time professor of French at IUPUI. A bequest from her estate created the first study abroad scholarship on the campus. Each scholarship was funded using different vehicles, and all three add an element to campus life—overseas study—that is more often found on campuses that are comprised of traditional students. Many of IUPUI’s students are returning students who work full-time in addition to raising families. Many of the recipients would never have been able to travel overseas were it not for the generosity and vision of people like the Beaudrys, the Schlegels, and Margaret Cook.
Leaving a legacy is a significant decision. Many concerns enter into the picture. They range from the needs of your family, to your own needs and desires, to your philanthropic interests. Donors make IU a better place with their gifts. They also reap some rewards by reducing their estate taxes and creating a significant income stream. Payments from charitable gift annuities can be substantially higher than money market accounts or other investments. And the rate is guaranteed.
Planned gifts are about hopes for the future, those for IU and for yourself. They’re a way to ensure that your own high expectations will be met.
>Geoffrey Pollock
Take a look at Pathways to Giving on the IUF website. Read about charitable gift annuities and life income plans.
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