Why We Give

Earl and Carol Franks Enjoy Giving Back

Earl and Carol FranksTroy University alumnus Earl Franks and wife Carol Franks, a TROY Faculty member for nearly 30 years, have taken to hear President John F. Kennedy's admonition that "to those whom much is given, much is required." The Franks made a planned gift to TROY and have established scholarships that will help students attend the University.
Read More

Scholarship Honors Legacy of Longtime Teacher

Mary John SmithEach time Mary John Smith, now an attorney in Charlottesville, Virginia, visits her childhood home in Coffee County, Alabama, she is reminded of the widespread and lasting impact her mother had there as an elementary school teacher. "Strangers often approach me with the statement, ‘You don't know me but I know you, your mother taught me in second grade.'"
Read More

Earl and Sylvia Johnson Make Testamentary Gift

Earl and Sylvia JohnsonEarl Johnson smiles when he talks about the impact that Troy University has had on his life.
Read More

University's Growth Prompts Grice to Give

Phillip GriceEvery time Troy University graduate Phillip Grice returns to campus, he is thrilled to see the continued growth of his alma mater.
Read More

Trust Provides Benefit to Future Students, Peace of Mind to Bailey

Francis and Selden BaileySelden Bailey came to Dothan in 1948 and decided the Wiregrass city was where he wanted to stay to raise his family.
Read More

Apply Now!

A charitable bequest is one or two sentences in your will or living trust that leave to Troy 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, [name], of [city, state, ZIP], give, devise and bequeath to Troy University [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 Troy University 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 Troy University 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 Troy University 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 Troy University where you agree to make a gift to Troy University 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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.