Supporter Spotlight

Supporter Spotlight: Sybil Taylor

Sybil Taylor, 94, wasn’t sure what she would do when her husband died and left their large farm in Florida to her. She wasn’t prepared to handle such a large investment on her own.

Years earlier Taylor and her husband were having financial difficulties with the farm. It was then she heard a sermon on giving and she made a promise to the Lord that she would give half of what she earned to Him and his work. She kept her promise and the Lord blessed their farm and increased their revenue.

One night after her husband passed away, Elizabeth Wright Smith, who was one of Faulkner University’s strongest supporters, visited Taylor to share the university’s missions and need for funds. After sharing her story, Smith asked Taylor if she would like to support Faulkner University. Her response was quick. At the time, Smith was asking donors to give $1,000 each year for a period of ten years. The next morning, Taylor gave Smith a check for $10,000.

“I knew about Faulkner University when it first opened in 1942 as Montgomery Bible College and then as Alabama Christian College,” Taylor said. “When Elizabeth came to ask me for my support, I wanted to give. Faulkner was one of the few Christian colleges I knew about at the time and I wanted to support them.”

When it came time to make a decision about her farm, Taylor, who was well into her retirement years, decided to deed the farm to Faulkner for the university to sell. Funds from the sale went to the university and five charitable gift annuities were set up for Taylor to live on a stable income for the rest of her life.

With a charitable gift annuity, Taylor receives a return based on her age. This fixed payment was in addition to a large income tax deduction.

Faulkner University’s Heritage Society was able to help Taylor decide on an estate plan that most benefited her future and financial needs. The Heritage Society offers a wide range of different tax-efficient charitable strategies that will put your assets to work and take advantage of the many tax benefits of making a gift. To learn how Faulkner can help you with your future estate planning, visit www.faulknerheritage.org and sign up for our free eNewsletter.

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