very development program dreams of having supporters like June and Bill Flatt. Not only does Bill light up the classrooms with his energetic guest lectures in the beginning nutrition course, but he and June are making a significant difference to the College of Family and Consumer Sciences through the wise investment of their personal resources.

Bill and June have created the first Charitable Gift Annuity (CGA) for the College of Family and Consumer Sciences. This couple has established both undergraduate and graduate scholarships benefiting the Department of Foods and Nutrition.
“June and I each received tuition assistance when we were college students,” Bill says. “Now that we’re in a position to give back, we derive more pleasure from helping others than we ever did as student recipients!”

The Flatts want to ensure the growth of these endowments while at the same time retaining the necessary resources to take care of their own long-term needs. The CGA is a new tool of giving for The University of Georgia. It’s a wonderful way to make meaningful gifts while enjoying income and tax benefits.

The Flatts created this annuity through our development office with a simple, one page planned gift agreement. Yet, the benefits of using this tool are many. By transferring appreciated stock, cash or other income to the UGA Foundation, they established a fund that will pay them income for the remainder of both of their lives, removed these assets from their estate, deferred capital gains on their sale, and received a significant income tax deduction.

“This is a win/win situation! Not only are we able to provide funds for FACS projects in which we believe, but we receive fixed income for the rest of our lives,” Bill and June say. “With the market fluctuating so widely recently, we have less anxiety knowing that we are locked in at a rate of return higher than we would receive if we had chosen many other investment options. We also get the tax deduction today for a gift that UGA won’t actually use until it is realized through our estates.”

If you’re curious how the CGA works, ask me for more information. You may also visit our website at www.alumni.uga.edu/giving/plan. There you will find an online calculator to help you determine what benefits might be derived from a particular gifted amount.

More than 1,200 alumni and friends made a donation to the College of Family and Consumer Sciences this year. We hope many of you will follow the example of Bill and June Flatt and make plans for a deferred gift as well as an annual gift. No matter your age, through creative financial planning, you can indeed make a significant difference and leave YOUR legacy to your alma mater.

Who will create the second Charitable Gift Annuity for the College of Family and Consumer Sciences? You?
 

For more information on how to give a current or deferred gift, please contact me at (706) 542-4946, or send an email to kbowers@fcs.uga.edu, or write to me at FACS, 224 Dawson Hall, UGA, Athens, GA 30602