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An Estate Gift with Tax-Wise Giving - Mark Souder '80

An Estate Gift with Tax-Wise Giving - Mark Souder '80

My experience at Evergreen was life transforming. My parents were generous enough to support most of my education expenses, but the rest of my dorm-mates in D-403 weren't as fortunate and may still be paying off those student loans.

I hope there's never a person who can't be a Greener for lack of finances. Several years ago I created a permanent scholarship to do my part. More recently I was working on my estate plan and received the good advice that IRA monies should be the first to consider when making charitable gifts in your will. These monies were put into my 401K which I then rolled over into a traditional IRA without being taxed, they grew and grew without any capital gains tax, and only the retirement income drawn out is taxed. The IRS may wait, but eventually Uncle Sam wants a big percentage -- which is what happens at the end of life.

I have stipulated in both my will and in my investment account contract a provision so that the funds are to go to Evergreen to grow my scholarship. It gives me satisfaction to know that these funds will support others after I am gone and that the government is indirectly (and finally) doing more to support higher education.

- Mark Souder

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