University of South Alabama, Office of Public Relations
 
February 24, 2010
Contact: Jennifer Z. Ekman, (251) 460-6360
 
Planned Giving Option Available to Faculty, Staff
 

As part of the 2010 Faculty/Staff Annual Fund, faculty and staff will now have the additional option to make a planned gift and become a member of the University's Legacy Society.

The Legacy Society enables faculty, staff, alumni and friends to include USA in a planned gift. Planned gifts are donations that can include USA in a will/bequest, living revocable trust, charitable trusts, and/or beneficiary designations through life insurance policy or retirement plans.

In conjunction with this year's Annual Fund, USA President Gordon Moulton has allocated $25,000 to assist in the 2010 faculty or staff annual campaign.

Any faculty or staff member who wishes to include the University in a planned gift will qualify for up to a $250 reimbursement for attorney's costs. If a person already has a will, the cost of a codicil in most cases is $250 or less. A paid bill from the employee's attorney or tax advisor will be needed for each reimbursement, which will be on a first-come, first-served basis.

Members of the Legacy Society will be listed in Legacy Society newsletters and the annual report. Members also will receive a Legacy Society pin.

The planned giving department has a group of financial advisors of attorneys, CPAs, trust officers, and financial planners to assist in the education of various planned gifts. During the campaign, anyone may attend one of these free, monthly educational sessions. The attorney/financial planner will explain various planned gifts such as wills/bequests, codicils, living revocable trusts, and beneficiary designations through life insurance or retirement plans. There is no obligation to make a gift.

For more information, contact Ben Samel, director of leadership gifts and gift planning, at (251) 460-7906 or bsamel@usouthal.edu.
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