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Planned Giving

Perpetuating the Lessons of Service

Virgil Fludd posed leaning against a building

Virgil supports the Emergence Scholarship

“This scholarship speaks to me,” says Virgil Fludd ’80. “It is me. Some students need an extra boost, and I’m in a position to help. My goodness, why would I not do that?”

He’s talking about the Emergence Scholarship, which prioritizes students from underrepresented populations. To further support the diversification of Davidson’s student body and its commitment to access and excellence, Virgil has made a significant planned gift in support of the program.

Virgil’s love for Davidson grew over time. He attended Davidson during a less diverse, less inclusive time, and, although he was involved as an economics major, a member of the Black Student Coalition and both on the football and men’s track teams, on several occasions he considered transferring. But he stuck it out, got a quality education and is now a dedicated reunion volunteer, president-elect of the Alumni Association Board and a recently appointed member of the Board of Trustees who is passionate about Davidson’s progress.

“There were some challenges,” he says. “I had to learn how to study. I had to adjust to the racial disparity after leaving a high school that was nearly 50% students of color. I didn’t have one Black professor at Davidson. And it was cold—I grew up in Charleston.”

Virgil Fludd smiling by the water

Virgil Fludd ’80

Virgil’s fellow alumni helped strengthen his connection in the years following graduation. From friendships in the Atlanta area to business partnerships, Davidson people became key players in his life.

“It wasn’t the time at Davidson—it was the time after Davidson that inspired me to get involved,” he says. “I began to realize the value in the academic challenge, the lessons of hard work and service…I started to feel less like I missed out on something that my friends got at other schools.”

His contributions create even more opportunities for those who follow in his footsteps.

Today, Virgil is the special projects officer at Metropolitan Atlanta Rapid Transit Authority (MARTA). His career has spanned leadership positions in sales, marketing and executive recruitment and, for 14 years, he served the Georgia General Assembly as a member of the House of Representatives.

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A charitable bequest is one or two sentences in your will or living trust that leave to Davidson 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

Bequest Language

I, [name], of [city, state ZIP], give, devise and bequeath to Davidson College [written amount or percentage of the estate or description of property] for [its unrestricted use] or [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 Davidson 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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 Davidson as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 Davidson 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 Davidson where you agree to make a gift to Davidson 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.

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