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Planned Giving

Darren Douthitt Makes Substantial Planned Gift to JSU

Darren DouthittWhen Darren Douthitt arrived at Jacksonville State University as a student in 1983, he only had to travel 16 miles from home to attend.

According to Darren, "I grew up in a rural setting so JSU provided me an education beyond the academic realm….The University gave me an opportunity to break out of generational poverty and my college education has had a tremendous impact on my family."

A donor for many years, Darren has now chosen to include JSU in his estate plans with a generous commitment to scholarships and program excellence.

"I am indebted to JSU forever for changing my life. I want to ensure that many more underprivileged, college-ready young adults get the opportunity to experience what I experienced," Darren says. 

Now the Anniston City Schools Superintendent, Darren received his bachelor's, master's and Educational Specialist degrees from the University.

"My experiences as a student were such that I had a difficult time disconnecting myself from the campus," he jokes.

Darren is a past President of the Alumni Association and now serves on the Alumni Association Board of Governors.

"I was introduced to a lot of people who were giving back to JSU on a high level. Those experiences convinced me to make a commitment to support JSU financially," he says.

He encourages other alumni to get involved and become donors as he has. 

"I think if people make an effort to get involved with JSU, they will find that involvement entertaining and uplifting. We are all obligated to support our alma mater to ensure that we have a top notch institution available for our younger generation," says Darren.

JSU President John M. Beehler, Ph.D., calls Darren a model alumnus who he hopes others will want to emulate.

"Estate gifts are the guarantee of a bright future for the University and its students," according to John. "Our distinguished alumnus has chosen to honor JSU with a planned gift for program excellence and to aid deserving students entering the University in the future. Jacksonville State University is most grateful to Darren Douthitt for his generosity."

Contact Earl Warren at 256-782-5608 or ewarren@jsu.edu to learn how you can make a planned gift to Jacksonville State University.

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A charitable bequest is one or two sentences in your will or living trust that leave to Jacksonville State 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 Jacksonville State University, a nonprofit corporation currently located at Jacksonville, AL, 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 the Foundation 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 the Foundation 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 the Foundation 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 the Foundation where you agree to make a gift to the Foundation 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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