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Your Gifts at Work

Faculty Member Supports Nursing With Planned Gift

Vickie Stuart

Vickie Stuart came to The University of Southern Mississippi to help establish the Nurse Anesthesia Program. Southern Miss is the first among Mississippi's eight institutions of higher learning to offer a degree-granting nurse anesthesia program.

Stuart is not only a faculty member, but she is also an active donor to the University. Her employee payroll deduction gift supports the College of Nursing Building Campaign, which funds the construction of Asbury Hall, the College of Nursing’s new home. The University recently broke ground on the facility, which will increase the square footage dedicated to the College of Nursing by 135 percent.

“Asbury Hall will house a state-of-the-art, high fidelity operating room and an anesthesia skills training room designed for small group task training and workshops,” Stuart said.

Stuart is also a member of the McCarty Legacy, having made the USM Foundation the beneficiary of her retirement plan assets. She has designated her planned gift to the College of Nursing Building Maintenance Endowment. She also plans to set up a portion of her estate for that same fund as a bequest.

Stuart is a long-term thinker and sees planned giving as part of that long-range perspective. “Planned giving is important to ensure that funding is available for the future students and the sustainability of the program and learning environment,” she said. She also sees her gift as a sign of her gratitude to the institution.

“It is important to give back to the institution that has facilitated one’s goals coming to fruition. Southern Miss supported me and demonstrated their confidence in my ability to develop and lead this great program,” she said.

For her, giving back is another way to inspire her students. “Giving to the program, the profession and to Southern Miss is my way of giving back and showing my appreciation. Leading by example is the most effective way to demonstrate professionalism to the next generation.”

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A charitable bequest is one or two sentences in your will or living trust that leave to The University of Southern Mississippi Foundation 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 give to The University of Southern Mississippi Foundation, a nonprofit corporation currently located at Hattiesburg, MS, or its successor thereto, ______________ [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 the USM Foundation 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 the USM Foundation 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 the USM Foundation 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 the USM Foundation where you agree to make a gift to the USM Foundation 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.

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