Gift Planning 101: Young or Old, You Make a Difference Through Giving

Sarah Phillips has a passion for Emporia State University and she wants to share that enthusiasm with future Emporia State students through philanthropy.

As a young alumna, Sarah has not yet built those lifetime assets that can provide an outright gift. Through gift planning, though, she is able to meet a personal and philanthropic goal just five years after earning her degree. These planned gifts are typically made from assets in one's estate rather recycled paper than disposable income, and come to fruition upon a person's death.

"A music scholarship drew Sarah to Emporia State," says Angela Fullen, development officer for Emporia State University Foundation. As the first in her family to go to college, the scholarship figured prominently in her decision to attend Emporia State. "She came up with the idea to give back through life insurance."

Sarah is making a charitable gift through life insurance proceeds and naming Emporia State University Foundation as both the owner and the beneficiary of a policy on her life.

Giving through life insurance has created the opportunity for Sarah to give more than she thought possible at this stage of her life. "Think creatively," she says. "If you think you can make a difference, you can. If you are 27 or 67, you can make a difference."