Wayne and Ellen Bailey Invest to Keep Emory Strong for New Generations
Ellen Agnor Bailey 63C 87MBA has a deep Emory lineage-12 degrees in her immediate family-and a devotion that has kept her link to the university strong. She is an emerita trustee, and her husband, Wayne Bailey, has forged his own Emory bonds as a docent for the Michael C. Carlos Museum.
Dedicated annual supporters, the couple has created a charitable remainder trust and made bequests to support leadership scholarships at Goizueta Business School, acquisitions at the museum, and a fund for the university honoring their parents.
"Emory needs to be alive for our grandchildren and our great-grandchildren, but it will be only if people like us invest our time and our resources," she says.
Charitable remainder trusts are flexible, tax-wise vehicles that can provide donors with income and create a generous remainder gift to fund programs at Emory that are important to them. Drafted by an attorney, these trusts offer a great deal of flexibility. Donors may choose the payout rate (typically between 5 and 7 percent), income may be fixed or variable, a variety of asset types can be used to fund the trust, and there is no limit to the number of income beneficiaries. A charitable remainder trust also provides a charitable tax deduction in the year the trust is established. At the end of the trust's term, remaining funds will support the donor's Emory legacy.
With bequests, donors name Emory as a beneficiary in their wills. Bequests allow donors to continue to control their assets during their lifetimes so they can be sure their current needs are met. Bequest donors can modify their gifts if their circumstances change. A well-designed estate plan can result in lower estate and income taxes, allowing donors to leave more for loved ones.
Charitable remainder trusts and bequests are just two of the many types of planned giving strategies Emory offers. To learn more, contact Emory Office of Gift Planning at 404.727.8875 or email us at firstname.lastname@example.org.