Earl Johnson smiles when he talks about the impact that Troy University has had on his life.
The 1970 graduate and his wife Sylvia have shown their appreciation for that impact through gifts to TROY through the years, but they hope their gift through their estate will have a lasting impact on the University and its students. The couple decided to leave a portion of their estate to the University through a testamentary gift, thus becoming founding members of the new TROY Shield Society.
"You hope that any gift will continue to provide benefits to Troy University and its students," said Mr. Johnson, co-chairman of the University's Planned Giving Council and president of the TROY Shield Society. "Through a testamentary gift such as ours or any other of the numerous types of planned gifts, the giver can make a significant and lasting imprint on students who attend this University.
"We want to see everyone participate in the University's planned giving program," Mr. Johnson said. "Planned giving allows anyone the opportunity to make a long lasting impact on the University because the giver doesn't have to write a check today. No matter what the size of the estate, anyone can make a gift."
Mr. Johnson said he and his wife still intend to make other types of gifts, but that the testamentary gift served as a good example of how anyone can make a significant impact.
"A planned gift is something that anyone can make because it won't affect them during their lifetime," he said. "There are many different types of planned gifts from which to choose and we've put together advisors who can sit down with interested individuals to see what options might best suit them."
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.