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Kay Burton: Supporting Future Generations of Students and Teachers
Kay Burton '60 was a teacher for more than 35 years. She and her husband, Ed, value education and appreciate how it can broaden lives. Kay and Ed wanted to express these values when they were planning their will, so they decided to each leave a gift to their respective alma maters.
Kay remains grateful for the education she received at Saint Xavier. After a very successful career as a high school mathematics teacher, she "wanted to help students who might not have an opportunity to attend college without financial assistance." Several giving options were possible. Kay and Ed decided that the best option was to bequeath a percent of the balance of their assets to Saint Xavier University.
The process was simple and provides tax relief for Kay and Ed's estate. Furthermore, there was an option to designate the funds to a specific use or to leave them undesignated so that the University can use the gift to address the most pressing needs when the bequest is realized. Kay specified that her gift be used to provide scholarship support for female students who are seeking a degree in mathematics education with a desire to teach in middle or high school.
With this plan in place, Kay can rest assured that her educational values will live on and that others will benefit from her generosity.
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. 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. 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. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.