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Art and Laurie Vinson Invest in Science at Oxford

Laurie and Art Vinson

The Vinsons are supporting Oxford's new science building.

Because of their interest in science and their longstanding relationship with Oxford College of Emory University, Laurie and Art Vinson 66Ox 68C have found a way to make a significant investment in science education at Oxford. By designating Oxford as the beneficiary of a fully paid life insurance policy, the Vinsons are able to provide a leadership gift to the school's new science building.

"From the experiences of our five children, we have seen how Oxford College transforms lives. It provides a liberal arts education with the personal guidance of faculty in a highly supportive community. Our legacy begins with the contributions that our children will make because of their Oxford experience. It continues with our regular giving to ongoing projects and endowments, and has its capstone in our final bequests," Art Vinson says.

Laurie Vinson, who has spent her career in the health care diagnostics industry, has joined her husband in making financial gifts to Oxford for more than 25 years. All of the couple's children are Oxford alumni. Art Vinson, an account executive for a high-performance information and communications technology company, was a biology major at Oxford and Emory. A member and the immediate past chair of the Oxford Board of Counselors, he has been president of the Oxford Alumni Association and a volunteer for Oxford's parent and alumni recruitment networks. In 2002 he was awarded the Outstanding Alumnus Award.

"One of the reasons we made this gift was to encourage our peers to explore and use innovative ways to give. Laurie and I wanted to show that even though we have sent our own kids to Emory and have many other financial obligations, it is possible to endow critical programs at Oxford, " he says.

Planned giving strategies such as the Vinsons' enable donors to make significant gifts without diminishing needed income. Some planned gifts even provide income and offer tax benefits. The experts in Emory's Office of Gift Planning can help donors develop a plan that meets both financial and philanthropic goals.

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A charitable bequest is one or two sentences in your will or living trust that leave to Emory University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Emory University [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Emory or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Emory as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Emory as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Emory where you agree to make a gift to Emory and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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