from the office of pl anned giv ing
Creating A Georgetown Legacy georgetown university | winter 2022 giving.georgetown.edu/planned-giving
as we begin a new year, I want to take this opportunity to thank you for your continued support of Georgetown. As a community, we have faced incredible challenges and adversity over the past two years, but have emerged stronger and more grateful for the blessings in our lives. With students back on campus, both the Hilltop and the Law Center feel as vibrant as ever and we are thrilled to welcome alumni back—especially our Hoyas celebrating their 50th and Magis reunions.
Tom Schlafly holding the Stanley Cup in front of a photo of his father, Daniel Schlafly Sr. (C’33)
Georgetown in the Family from the start, georgetown was the first and only choice for Tom Schlafly (C’70, L’77). Georgetown was already part of his family’s history—his father, Daniel Schlafly Sr., graduated from the College in 1933—so when it came time to choose a college, Georgetown was the only school to which Tom applied. Both Schlaflys have similar Georgetown histories—from sharing the same economics professor (Dr. Josef Solterer) to being the first father and son to receive the John Carroll Award (Daniel in 1961 and Tom in 1986). At Georgetown, Tom discovered his love of English and writing through the guidance of faculty like Professors Bernard Wagner and Paul Betz, which had a significant impact on his experience at Georgetown and later career choices. After graduating from the College, Tom taught English at St. Anselm’s Abbey School in DC before attending Georgetown Law. He later returned to his beloved St. Louis to practice law before founding the Saint Louis Brewery in 1991. Tom is a member of the Georgetown University Board of Regents as well as a member of a consortium who own the St. Louis Blues, which won the team’s first Stanley Cup in 2019. Throughout his career, Tom cites the importance of the critical reasoning, writing, and analytical skills he learned during his time at Georgetown. In honor of his enduring commitment to Georgetown, Tom and his wife, Ulrike (an honorary member of the Class of 1970), created endowed scholarships in the (continued on next page)
The new year is also a good time to start or review your estate planning. For many people, reviewing their estate plan is a way to ensure loved ones are taken care of and charities remembered. This newsletter shares information on tax-smart ways to make Georgetown part of your legacy while also caring for family and friends. There are really no words to adequately convey how grateful we are for your ongoing support. Navigating the pandemic in a way that cares for our community while also safeguarding the University’s financial future would not be possible without it. Georgetown’s ability to emerge as a stronger institution is truly a reflection of the values and generosity of our larger Hoya community. On behalf of Georgetown, I wish you a very happy and healthy new year! With gratitude,
Mindy Siebenaler Bopp, J.D., LL.M (L’21) Executive Director of Gift Planning 202-687-6778 mls300@georgetown.edu
Schlafly—(continued from page 1)
College and the Law Center using a charitable lead trust. He was motivated to make this investment in Georgetown because of his concern about the rising costs of education and seeing firsthand how the young attorneys at his firm struggled with student loan debt. Tom is incredibly thankful for the experiences he had at Georgetown that helped form him as a person and believes that the generosity of alumni who came before him helped make his overall experience possible. “All students, whether they are getting scholarship support or not, receive the benefits of philanthropy.” To that end, Tom has also included a bequest for Georgetown in his estate plans. Tom’s time at the College and Law Center was transformative. It was a pivotal time in America, and Georgetown’s D.C. location provided a unique vantage point from which to experience it for Tom and his classmates. Fifty-two years later, the physical changes on campus are amazing, and it is a real source of pride to see how Georgetown’s reputation and prominence has continued to grow. With his postponed 50th undergraduate reunion approaching, Tom reflects that the aspect he values most about his time at Georgetown is the lifelong friendships
he developed and is looking forward to seeing the Class of 1970. He appreciates everything a bit more 52 years out and remains grateful for having gone to Georgetown.
Tom and his wife, Ulrike, in St. Louis
Request Creating Your Legacy Georgetown’s informative estate planning guide includes an outline of the key elements of an estate plan, simple steps you can take to get started with the planning process, a checklist to help you gather relevant documents, and ideas on ways to incorporate charitable giving into your planning. We know this process can sometimes feel overwhelming, so we hope this guide will be a helpful resource. For your complimentary copy, please return the response card or contact the Office of Planned Giving at 800-347-8067 or plannedgiving@georgetown.edu.
georgetown university Planned Giving | Winter 2022
Use your IRA to Make a Tax-Smart Gift to Georgetown As we begin a new year, just a reminder that if you are 70½ or older, you can direct up to $100,000 each calendar year to charity from a qualified IRA. Distributions are income tax-free and count toward your Required Minimum Distribution (applicable if you are 72 and older) with the added bonus of making a gift to Georgetown. Distributions must be sent directly to Georgetown from your IRA administrator. Contact the Office of Planned Giving at 800-347-8067 or plannedgiving@georgetown.edu or visit giving.georgetown.edu/ planned-giving for more information.
Planned Gift Opportunities at Georgetown In choosing to include a gift to Georgetown as part of your legacy, you are continuing a tradition that has spanned centuries: a tradition to educate young women and men to act in the service of others. Below are some of the most common ways to make a planned gift, including gifts from an estate, gifts that provide income for life, and gifts using creative funding assets. Visit giving.georgetown.edu/planned-giving to learn about other creative ways to make a gift now or include Georgetown in your long-term planning.
Bequests By including Georgetown in your will or trust, you add to the legacy of Hoyas that have come before you. Creating this simple, revocable gift allows you to help ensure the future of the university while providing flexibility in case circumstances change. Bequests may be designated to the school or area at Georgetown you feel most passionately about, or can be left unrestricted and put to use where needed most.
Beneficiary Designations Naming Georgetown as the beneficiary of a retirement account or bank or brokerage account is a tax-smart way to make a gift that leaves a lasting legacy. Leaving these assets to an individual may decrease the gift by as much as 70% after
state and federal taxes are deducted. Due to Georgetown’s nonprofit status, we are able to realize the full value of an IRA gift, allowing you to leave other assets to loved ones while maximizing the impact of your generosity for a school or program that is meaningful to you.
Life Income Gifts Charitable Gift Annuities (CGAs) CGAs are a wonderful way to provide income for yourself and/ or a loved one while also making a gift to support Georgetown. By making an irrevocable gift to the university, you receive fixed payments for life for you and/or a loved one. In addition, you receive a charitable tax-deduction in the year you create the CGA. After the CGA terminates, the remainder becomes a gift to the school or program of your choice at Georgetown.
visit giving.georgetown.edu/planned-giving
Charitable Remainder Trusts (CRT) A CRT is an irrevocable trust that generates fixed or variable income for you and/or other beneficiaries for life or a term of years, with the remainder of the trust eventually becoming a gift to Georgetown that will have a lasting impact for future Hoyas. CRTs offer an immediate tax deduction and provide income while helping with retirement, estate planning, and tax management. Using appreciated securities or real estate to fund a CRT may provide additional tax benefits. A CRT is an ideal gift for those who want to take care of loved ones while leaving a legacy at Georgetown.
For more information on charitable giving or estate planning options, contact the Office of Planned Giving at 800-347-8067 or plannedgiving@georgetown.edu.
Donate Stock to Georgetown Giving appreciated stock or mutual funds is an efficient way to realize a charitable tax deduction for the full fair market value of the shares, avoid capital gains tax on any appreciation, and make a gift to Georgetown. A sample comparison of savings is listed below. For more information or to make a gift of appreciated securities, please contact stocktransfer@georgetown.edu.
cash gift
stock gift
amount
$10,000
$10,000*
charitable tax savings
$3,700
$3,700
capital gain tax savings
$0
$1,904
net “cost” of your gift
$6,300
$4,396
*Stock with a $2,000 basis and $8,000 in capital gain.
2022 Dates to Remember April 2
John Carroll Weekend in Nashville
April 8
Georgetown Law Estate Planning Seminar
April 30
Georgetown Scholarship Day
June 3–5
Class of 1967, 1972, 1977, 1982, 1987, 1992, 1997, 2002, and 2007 Undergraduate Reunions
June 4
Main Campus Reunion Estate Planning Seminar
Office of Planned Giving | 2115 Wisconsin Ave NW, Suite 500 | Washington, DC 20007 800-347-8067 | plannedgiving@georgetown.edu | giving.georgetown.edu/planned-giving