“You have insurance. You probably have stocks and savings. You plan for the future. How is this any different?”
–Victor K. Wilson (BSW ‘82, MEd ‘87)
Vice President of Student Affairs
University of Georgia
Plant a tree under which you’ll never sit.
There is an ancient Greek proverb that reads, “A society grows when old men plant trees whose shade they know they shall never sit in.” Well, Victor Wilson is not old, nor does he believe the adage applies solely to men, but the message still resonates with him. “When I am no longer here, I know I will continue to make a difference,” he explains. “That’s important to me.”
The seed was planted by an article Victor read about a couple who had created a planned gift at the University of Georgia. “I’ll be honest; my first thought was, ‘I don’t have anything’,” he says. “But then I started thinking about my house, my life insurance, my savings; it all adds up. It hit me that I don’t have to leave a million or a trillion dollars to make a difference. And, I don’t have to leave it all to UGA; I can leave a portion.”
Of course, Victor also wants to leave a gift for his son, who, like Victor, is an only child. The plan itself is the biggest gift. “I wish my mom had said, ‘This is what I want.’,” Victor says. “I want it to be clear for my son. He will have no question about what I wanted once I’m gone.”
Leaving a legacy is important and naming the university as a part of your estate sends a powerful message about what is meaningful to you. That message becomes very personal when you direct the funds to be used in accordance with specific designated intentions. “For me,” says Victor, “that means offering opportunity for folks who look like me. That makes me feel good.”
Three Simple Ways to Show What’s Important to You
Designate “University of Georgia Foundation” as a beneficiary of your estate in your will or trust.
Designate the “University of Georgia Foundation” beneficiary of all or a percentage of an existing policy. Or, let us show how the gift of life insurance is a great way to leverage your impact at Georgia, allowing you to make a sizeable gift for pennies on the dollar.
401(k) / IRA Beneficiary Designation
Avoid taxes by making “University of Georgia Foundation” the beneficiary of your 401(k) or IRA. Retirement assets usually get taxed even on estates that do not pay estate taxes.