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Dusty Porter Is Giving Back to Emory College

Dusty PorterAs an undergraduate at Emory, Dusty Porter 85C made sure to get the most out of his college experience. He performed in a theater group, served as a resident assistant, participated in fraternity life, and gave campus tours for the admissions office.

During Porter’s junior year, staff in Emory Campus Life suggested he look into a career in student affairs. After completing his bachelor’s degree in psychology at Emory, Porter followed their advice, earning a master’s degree in higher education and student affairs and a doctorate in college student personnel.

Now vice president of student affairs at Tulane University, Porter helps develop programs and services that give students the tools they need to thrive inside and outside the classroom. In leading these initiatives, Porter draws ongoing inspiration from his time at Emory.

“More than ever, my experience at Emory has been instrumental in the work I’m doing now,” he says. “One of the reasons I was drawn to Tulane was because of its similarities to Emory—both schools are major research universities in the South that have a strong commitment to undergraduate education. I try to bring the best of what I experienced at Emory to Tulane.”

Porter has remained involved as an alumnus, serving in the past as alumni chapter president and president of the Emory Alumni Board. To show his continued appreciation for Emory’s influence on his life, Porter has named Emory College a beneficiary of his estate.

“During my years on the board, and while thinking about my own estate planning, I thought about what Emory has meant to me. Emory has played, and continues to play, such an important role in my life,” he says.

“My gift is a recognition of the fact that Emory touches the lives of students like me every day. I want to be a part of the mission of education at Emory and of making a difference in the lives of others. That is why I made the decision to leave part of my estate to Emory.”

To learn how you can make a difference by including Emory in your estate plans, contact the Office of Gift Planning at 404.727.8875 or giftplanning@emory.edu.

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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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