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Giving Back to Emory Is a Family Affair

The Frostbaums

The Frostbaums: Cameron 18C, Stephanie 90L, Lane 86C 89L, Sophie 20B

Stephanie Frostbaum fell in love with Emory and at Emory. She enrolled in Emory School of Law 30 years ago thinking it would be cool to live in Atlanta for a few years. "But I met Lane 86C 89L when we were students," she says grabbing her husband's hand and beaming proudly at their two children, Cameron 18C and Sophie 20B. Her voice trails off before she completes her thought, "Here we are today: A proud Emory family."

Because Emory opened doors for the Frostbaums, they intend to keep those doors open for others. When one of Sophie's best friends left Emory early because of the financial burden, the Frostbaums took note. "Even with a partial scholarship and student loans, he needed to go home where it's a lot less expensive," Sophie recalls.

This episode—and other stories from their friends and fellow alumni who opted not to send their children to Emory—inspired the Frostbaums to endow a scholarship at the college for children of alumni. "We consider it a blessing to be in a position to help other middle-income legacy students whose families are being squeezed," says Lane, "to give them the opportunity to come to Emory for a phenomenal education."

In addition to establishing an endowment for the Frostbaum Family Scholarship, specifically for middle-income legacy students, Stephanie enhanced the scholarship by making a planned gift and designating Emory as the beneficiary of her retirement fund.

"As a result of this gift," she says, "I see a student coming to Emory who would not otherwise have been able to and having a life-changing experience—thanks to the breadth of the liberal arts education at Emory."

As a current student, Sophie appreciates that Emory's focus on the humanities has tested her beliefs. "Being required to take certain classes enhanced my ability to think critically," she says, "forcing me to change perspective on things I never would have considered."

Cameron, one of Emory's newest alumni, graduated this spring as a double major in theatre studies and political science. He values Emory for giving him access to so many opportunities. "There hasn't been anything I wanted to do that I haven't been able to do at Emory."

Lane marvels at the extent of Emory's reach, "I'm thrilled that both our children have been able to attend Emory. There are not many places in the world where people from divergent backgrounds can come together to learn, debate ideas, and challenge one another to grow," he says. "It's so important that places like Emory exist to bring people together to problem solve."

Emory's Office of Gift Planning helps donors find giving strategies that support their passions while making the most of their assets. Planned gifts can provide income to donors and heirs, help minimize taxes, and create permanent endowments that link the names of donors or other honorees with Emory's work in perpetuity.

Making your legacy gift to Emory is easier than you think. Contact Emory Office of Gift Planning at 404.727.8875 or giftplanning@emory.edu to learn more.

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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

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 potential 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 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.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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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