Betty Marie Stewart Invests in the Future to Honor Her Past
Betty Marie Stewart 52BSN has been a faithful and active member of Emory’s nursing alumni for more than three decades. In 1978 Stewart became the first woman to serve as president of the Emory Alumni Board, and she remains very involved in Emory alumni events, especially those of the Nell Hodgson Woodruff School of Nursing.
In the early 1970s, Stewart helped revitalize the nursing school’s alumni activities, and her dedication was recognized recently by the Emory Alumni Association, which named her its 2016 recipient of the Jake’s Golden Heart Award. The award honors those whose demonstrated values of service, generosity of spirit, and loyalty to the university reflect the example set by the award’s namesake, Judson “Jake” Ward 33C 36G, beloved former dean.
In recognition of the education she received at Emory, Stewart and her late husband, Jim, made a bequest to support the school of nursing. “Hardly a day goes by that I am not grateful for my nursing education at Emory,” says Stewart, now retired. “I consider including the Nell Hodgson Woodruff School of Nursing in my will an investment both in my alma mater and in the future of health care for all.”
Stewart hopes her gift will make a difference for future generations of Emory nursing alumni. “Nurses are assuming ever more expanding responsibilities today—leadership roles in clinical care, research, and teaching and, at Emory, always with the basic tenet that the patient is a person,” she says. “By remembering Emory in my will, I join with other colleagues and friends expressing gratitude for the past and a vision for the future.”
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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 give to Emory University, a nonprofit corporation currently located at Atlanta, GA, or its successor thereto, ______________ [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
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You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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.
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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.