College of Pharmacy receives significant planned gift
The College of Pharmacy announced a generous $2 million planned gift earlier this year from an alum who wishes to remain anonymous. Once realized, the gift will support scholarships and programs at the college. This is the second-largest planned gift in the college’s history.
“I, along with everyone else in the college, continue to be thrilled about such an extraordinary commitment,” Dean Stephen J. Cutler says. “This level of support demonstrates a tremendous dedication to our college’s mission and its future. Our No. 1 priority is to give our students a world-class education knowing that they will go on to become top pharmacists, researchers or health scientists. This tremendous gift to the UofSC College of Pharmacy ensures that we can do that in the years ahead.”
Our No. 1 priority is to give our students a world-class education knowing that they will go on to become top pharmacists, researchers or health scientists.
Stephen J. Cutler, Ph.D. Dean, College of Pharmacy
Planned gifts are contributions that are arranged in the present and allocated at a future date. Often the most significant philanthropic gifts donors will ever make, they can establish perpetual legacies that support one or more designations of the donor’s choosing or can also support spendable, unrestricted funds designed to support areas of greatest future need, according to Terry Dixon, senior director of development and alumni relations.
“Planned giving is incredibly powerful in that it strengthens the college’s future sustainability and is a realistic giving option for most people, regardless of their age,” Dixon says. “Planned giving enables donors to make larger and more impactful gifts than they ever thought possible and can be structured to meet specific needs. By making a planned gift of any size, donors qualify for membership in the Carolina Guardian Society, which recognizes alumni and friends who provide for the university through a planned gift. These donors are dream-makers.”
Dixon says that planned gifts include gifts made through wills or living trusts, appreciated gifts of securities, charitable gift annuities, charitable trusts or real estate assets. Donors can also make planned gifts from retirement plans or insurance policies.
“Often it’s as simple as adding one or two sentences to a document,” Dixon says. “If alumni have already established planned gifts supporting the college, we really would like to know so that we can thank them now, engage them and recognize them as Carolina Guardian Society members.”
Dixon says that she collaborates closely with the Office of Gift Planning when working with prospective planned gift donors.
“This talented team of planned giving experts, including two attorneys, provides excellent counsel and helps our donors structure gifts that are mutually beneficial,” she says.
In the near future, the college plans to host a virtual information session to provide helpful updates about planned giving opportunities. If you would like to receive an invitation or learn more about planned giving opportunities, contact Terry Dixon at tedixon@mailbox.sc.edu or (803) 777– 5426.