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Planned Giving

A Lasting Gift

Alumni Say Thanks Through a Planned Gift to GW

Wendy and Jim Core are passionate about helping other Colonials succeed by designating a planned gift to GW.

Wendy and Jim Core are passionate about helping other Colonials succeed by designating a planned gift to GW.

How do you thank the place that changed your life?

For alumni Jim and Wendy Core, that place is the Elliott School of International Affairs. The school helped launch their careers, introduced them to lifelong friends, and connected them to their future spouses—each other.

So when they thought about ways to support the school, the decision to make a planned gift was easy.

"We have a lot of loyalty to the Elliott School," says Wendy, ESIA '94. "We wanted to do something special because we really care about the school. A planned gift is an easy way to make a difference."

gift in your will is a simple, flexible, and affordable way to support GW. One or two sentences in a donor's will or living trust can leave George Washington University a specific item, an amount of money, a gift contingent upon certain events, or a percentage of one's estate. Such a gift also reduces the donor's estate and any estate taxes he or she may owe.

The Cores were struck by the simplicity of arranging for the bequest—a meeting with their lawyer was all it took to set up their living trust, which will go toward need-based graduate student fellowships at the Elliott School.

"We wanted to give the school the flexibility to use money for what they need related to graduate students," says Jim, ESIA '96. "We also wanted to support students who may need a lift and provide them with the opportunity to have a really great education in international affairs, serve the world, and just maybe be lucky enough to meet a wonderful spouse like I did!"

The Cores have supported the Elliott School and GW for years, both through philanthropy as Luther Rice Society members and through service as alumni volunteers. Jim served as GW Alumni Association President from 2011-13; the planned gift at the end of his term was a leadership moment for him and his wife.

"We wanted to make a statement that you can be a public servant and still leave a legacy that will have an impact on students and on the academic fabric of the university," Jim said.

The Cores are passionate about helping other Colonials succeed; a planned gift was their way to show appreciation toward the Elliott School and GW in a lasting, long-term way.

"We wanted to make it easy for deserving graduate students to study at the Elliott School," says Jim. "A planned gift was an opportunity to leave a legacy that will continue on for generations."

Have a Question?
For additional information or assistance on how to leave a lasting legacy like the Cores, please contact John Kendrick at 877-498-7590 or pgiving1@gwu.edu.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to George Washington 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 George Washington, a nonprofit corporation currently located at 2033 K Street NW, Suite 300, Washington, DC 20052, 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 GW 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 GW 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 GW 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 GW where you agree to make a gift to GW 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.