Never Too Often: Expressing Our Appreciation
Building a Legacy
Paul Clark, Special Assistant to the Dean for Development
Throughout world history, we’ve seen countless examples of humans striving to leave their mark. Defined by our mortality, many of us desire to achieve peace of mind through the feeling that we are leaving this world a better place, or that history will remember our names or deeds. The pyramids of Egypt are perhaps mankind’s most famous attempt to fulfill this ageless quest.
However, buildings eventually need renovated or they fall into disrepair, and statues crumble with time. We are reminded each day of the temporary nature of our works when we are inevitably delayed while driving due to road construction and repair. How often have you heard someone lament that ‘they just don’t build things like they used to’?
With that knowledge, many choose education as the way to leave a legacy far beyond their lifespans. Just in the last eight months, appreciative alumni and family members have chosen to endow scholarships in memory of Dr. Bill Mansfield and in honor of Dr. Wood Currens. These two beloved educators and mentors now having lasting embodiments of their legacies through the assistance these scholarships will provide to our students in perpetuity.
Over the last decade, the School of Dentistry has seen a significant increase in those who wish to use their retirement or estate plans to benefit the institution. Did you know that you can reduce your taxes for 2013 by making a gift directly from your IRA to charity? The fiscal cliff act permits individuals who are 70½ to rollover up to $100,000 from their IRA to charity free from federal income tax. Better yet, an IRA rollover gift qualifies for your 2013 required minimum distribution, permitting you to lower your income and taxes for this year while helping our cause.
Contact me to learn more about how you can redirect unneeded IRA income to the area of your choice at the School of Dentistry, help further our mission and enjoy valuable tax savings this year. Together, we can work to help the School of Dentistry remain one of the top such institutions in the country, and cement your legacy through educating future generations of dental practitioners.