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Planned Giving

"Do as Much Good as You Can"

Mildred Reynolds

Mildred Reynolds, Ed.D. '78 has established two charitable gift annuities at GW.

Mildred Reynolds, Ed.D. '78, credits her family for the spirit of philanthropy that has been a steady thread throughout her life, starting with the first gift she ever made—a penny she put in the Sunday school collection as a child. Since then, she has found many ways to give back to the people and institutions that have influenced her life, especially the George Washington University.

Dr. Reynolds came to the GW School of Medicine in 1970 when she became Director of Psychiatric Social Work and Adjunct Assistant Professor of Psychiatry and Behavioral Sciences. While working at the university, she also took graduate courses at GW's Graduate School of Education and Human Development (GSEHD), earning a doctorate in higher education in 1978. She made her first gift to her new alma mater that spring.

"My ten years at GW was such a rich experience, and it had a major impact on my life," she says. "I learned so much there, and I am incredibly grateful for my experiences as both a graduate student and a faculty member."

Honoring Her Time as Teacher and Student
After leaving the university in 1980 to attend seminary, Dr. Reynolds continued to make gifts to the annual funds for GSEHD and GW's School of Medicine and Health Sciences. In 2002, Dr. Reynolds established her first charitable gift annuity at GW to benefit the George Washington Institute for Spirituality and Health (GWish), of which she is now a board member. Dr. Reynolds created another charitable gift annuity in 2010 and is planning to establish her third annuity this year.

"Establishing a charitable gift annuity at GW was a great option for me," she says. "The income it provides is very attractive, especially with interest rates down. It is income that I can count on, and I'm able to support GW and its programs at the same time!"

Turning Generosity Into Financial Security
A charitable gift annuity (CGA) with GW provides fixed payments for life in exchange for your gift of cash or securities. CGAs are easy to set up and help donors save on income and/or capital gains taxes, receive secure and predictable payments for life, and gain the satisfaction of making a generous gift to GW.

Planned gifts of all sizes can have a major impact on the George Washington University, its programs and initiatives, and—most importantly—its students. Planned gifts like the CGAs established by Dr. Reynolds also provide attractive benefits to donors without sacrificing the impact of the gift.

"GW provided me with so much as an employee and a graduate student," Dr. Reynolds said. "Professionally, it gave me visibility and credibility, and now it's helping me achieve my philanthropic goals as well. I try to live my life in keeping with John Wesley's rule to 'do as much good as you can, for as many as you can, for as long as you can.' The benefits that come with planned gifts like a charitable gift annuity make that goal even easier to achieve."

Mildred Reynolds has also made arrangements to donate her body to GW's School of Medicine and Health Sciences, for educational and research purposes.

Show Your Support
If you would like to learn more about setting up a charitable gift annuity at the George Washington University, please contact John Kendrick at 877-498-7590 or pgiving1@gwu.edu.

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A charitable bequest is one or two sentences in your will or living trust that leave to The George Washington University 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, [name], of [city, state, ZIP], give, devise and bequeath to The George Washington University [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 gift 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 receive an immediate federal income tax charitable deduction. 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 receive an immediate federal income tax charitable deduction. 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.

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