Meet Our Donors

Irene

Donor Gives Back to Berea College
Irene came to learn about Berea College by happenstance. As a Chicago native, she had read about Boone Tavern and its restaurant staffed by Berea College students. She was impressed by the students working in the dining room and intrigued by Berea’s mission. Read More

Charlie Honeycutt

Choosing Berea in Life and Legacy
Berea has been part of Don Hirschman’s life for 55 years. Read More

Kay Rouse

Becoming a Part of Berea
Kay Rouse supports Berea with modest annual gifts, gifts that pay her income and a future gift in her estate. Read More

Basil and Eleanor Borders

Repaying a Debt of Gratitude With a Lasting Gift
Basil and Eleanor "Ellie" Borders have been enthusiastic supporters of Berea College for a duration of more than 50 years, but who exactly inspired the Borders' story depends on who you ask. Read More

Dr. Steven Yates and Debbie Jarvis-Yates

Giving Back Is Their Way of Life
Dr. Steven Yates and Debbie Jarvis-Yates, '83 make giving and service their way of life, a virtue they fostered at Berea through the labor program. They made their first will shortly after being married, and, thankful for the blessings they have received—including their education—decided to include Berea in their estate plans. Why did they make this generous gift? Read More

Bob and Judy Airhart

Making Connections
For Bob and Judy Airhart, life is about making connections: connecting people, connecting ideas, and connecting to the things that matter most in life. Their support of Berea College was a natural outgrowth of their passion to connect promising individuals with the opportunity to succeed. To foster those connections, they have created a charitable gift annuity with Berea College. Read More

Richard Burridge

Successful Investment Manager Makes a Long-Term Investment in Berea
When Richard "Dick" Burridge talks, people listen. To describe him as a successful investment manager would be an understatement of monumental proportions. In the world of finance, Dick has reached the pinnacle of success. And he decided to share his success with Berea students by leaving a gift to the College in his will. Read More

Jamario Reed

Inspiring the Next Generation of Students and Donors
"Giving back has been something my family has always believed in. They made me promise that I would give back," Jamario Reed '11 says. Jamario recognized that Berea was instrumental in preparing him for his future and made good on his promise while he was still a college senior, becoming the first student member of the Great Commitments Society. Read More

John and Amy Harmon

How Berea Changed Our Lives: A Q&A With John and Amy Harmon
John never thought he would go to Berea. For Amy, it was the only college she applied to...and then she thought she was turned down! At Berea, their lives were changed. John got over his oppressive shyness and Amy learned about new ideas and issues. Now John and Amy Harmon tell just about everyone they meet about the magic that is BC. Read More

Geneva Matlock

Geneva Matlock's "Wild Idea" Continues to Touch Lives
It was the early '50s, and Geneva Matlock told her family she was going to go to med school. Oh, no, they thought. Not another one of Geneva's wild ideas. Well, this home ec major did go to med school, one of four women in a class of 104. Now, after a successful career as an anesthesiologist, Geneva is "repaying" her scholarship. And she just may do it again. Read More

Kelly Williams

The Importance of Relationships
Young Alumnus Names Berea College as Beneficiary of Life Insurance Policy

Kelly Williams discovered making a planned gift to support Berea College doesn't have to wait until you're in your 50s. By making Berea a beneficiary of a life insurance policy, Kelly found a cost-efficient gift that makes a big impact. Read More

Charlie Honeycutt

Paying It Forward
For Charlie Honeycutt, charitable annuities help others walk the same path of success. Giving back to Berea College was important. One of the most meaningful aspects of his own Berea education (1951) was his experience with the College's Labor Program, which attracted him to the school and helped him achieve success in all avenues of his life. Read More

A charitable bequest is one or two sentences in your will or living trust that leave to Berea College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Berea College [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Berea or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Berea as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Berea as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Berea where you agree to make a gift to Berea and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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