Brevard College alum Mary Nolan was active as a student, and involved with the Mountaineers Club, the Euterpean Club for students who loved literature and the Baptist Student Union.
After getting her four-year degree in 1963, she worked as a chemist for BASF and traveled around the globe. Despite settling in New York, she never lost track of her alma mater and her appreciation for the education she had received there. She remembered her school with a bequest of $250,000.
Insurance News Net reports in its article, “1963 Alumna Leaves Brevard College $250,000 Gift,” that David Joyce, president of Brevard College, expressed gratitude that Mary wanted to remember the college in her estate plans.
"Her generosity will create a permanent legacy through the successful graduation of scores of students, who will go on to make a difference in the world, as did she. Mary Nolan truly did embody the Brevard College motto, Learn in Order to Serve."
The college recently debuted its planned giving program. Brevard College also has established a partnership with the philanthropic and charitable services division of First Citizens to administer planned and estate gifts.
As part of its services, free workshops on financial planning provide participants with valuable advice on how to provide for themselves during their lifetimes and still leave some money to their favorite charitable organizations, such as a college, church or community center.
"Planned gifts, as simple as a bequest in a will or as complex as annuities, trusts or real estate, are a critical part of funding the scholarship program and student experience at Brevard College," said Jeff Joyce, Director of Development.
"Gifts such as Mary Nolan's honor her life and legacy, while allowing the next generation of alumni to navigate successfully through college to graduation and careers less burdened by student debt."
Before you decide on how you wish to give to a charity, it's important to understand the tax implications of your decision. Call (305) 443-3104 to set up an appointment to discuss the future of your estate.
Reference: Insurance News Net (September 9, 2019) “1963 Alumna Leaves Brevard College $250,000 Gift”