Investing in Today's Youth
By: An Alum of the Class of 1969
The cost of higher education today is far different from what I experienced in the late 1960s. The overwhelming majority of my tuition costs were covered by an Illinois state scholarship program that no longer exists. Today, a student in a family situation like the one I experienced growing up could simply not afford college without help.
Many years ago, taxpayers invested in me. Now I invest in today's youth because I trust them. In fact, I need them—we all need them—to be the future leaders of our communities and our nation. They are more likely to step up and get involved if they are not weighed down by financial burdens after graduation.
I have donated part of my required IRA withdrawal* to SXU for years to support students without incurring any tax on income earned through IRA investments. Because I have not felt the income in my pocket, so to speak, I do not miss it. Instead, what I do feel is the satisfaction of knowing that I am helping the next generation of SXU students receive the benefit of a Mercy education.
You Can Make a Difference
There are many ways you too can invest in tomorrow's leaders at SXU. Contact Jeanmarie Cusack '85 at 773-298-3316 or cusack@sxu.edu to learn more.
*Please note, the required minimum distribution (RMD) from IRAs has been waived for 2020.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.