Reporter autumn2010 -a - Franklin Alumni Network - Franklin College

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Frustrated by low CD rates? Charitable gift annuities offer prudent alternative By Tom Armor Director of Advancement and Leadership Giving Secure and stable payments, income tax deductions, partial bypass of capital gains tax, possible reduction of estate taxes — these and other benefits may make a Franklin College gift annuity a prudent option for you right now. You may want to compare your current CD rate with a more favorable financial option, the charitable gift annuity. The national average rate for a one-year CD is currently at approximately .80 percent. With a Franklin College gift annuity, you not only receive the satisfaction of helping to further the mission of the college, you receive annuity payments for the rest of your life at rates that are considerably higher than current CD rates. For example, Mary is 80 years old and would qualify for a 7.2 percent rate on a charitable gift annuity. This is over 6 percent more than the rate she would receive with a CD. In addition, when one considers the income tax-savings and the tax-free payout from the gift annuity, the effective rate may be 9 or 10 percent. Age 1-year CD rate Gift Annuity rate Difference 65 .80% 5.5% +4.7% 70 .80% 5.8% +5% 75 .80% 6.4% +5.6% 80 .80% 7.2% +6.4% 85 .80% 8.1% +7.3% *Rates given are current as of printing and are subject to change. Market volatility of recent years has generated concern over rapid changes in equitiy values. A second factor you may want to take into consideration is the fixed payout and the security of the charitable gift annuity. The gift annuity is a contract with Franklin College, and is secured by the annuity reserve fund, the unrestricted endowment and generally all of the assets of the college. With this level of security and stability, those who are tired of market volatility and market risk may be very interested in charitable gift annuities. There’s something else our gift annuity donors receive - membership in the Franklin College Horizon Society. This special group of forward thinking people partner with us in planning for the future. Their gift annuities and other planned gifts let us know that vital resources will be available to help Franklin College fulfill its mission and serve the next generation. Would you like to learn more about Franklin College’s gift annuity program? Tom Armor, Director of Advancement and Leadership Giving, can provide a personalized illustration to show how a gift annuity can work for you. There is no cost or obligation for this service. You can reach Tom at (317)738-8045 or via e-mail at tarmor@franklincollege.edu. 62 FRANKLIN REPORTER WWW.FRANKLINCOLLEGE.EDU
On the move, from FC to DC Since graduating from college only two years ago, Wayne Stanley ’08 has made impressive progress in his climb up the career ladder. As a student, Stanley coupled his major in journalism/public relations with a minor in leadership studies, and he took full advantage of the college’s engaged-learning opportunities. In addition to participating in a children’s mentoring program and volunteering at a homeless shelter, Stanley invested significant time in serving as an officer of several student organizations. He also interned, living for a semester in Washington, D.C., while he completed the U.S. Sen. Richard G. Lugar/Franklin College Media Internship. Today, Stanley’s back in the nation’s capital, working as Indiana press secretary for Lugar’s office and managing the very internship program in which he once participated. Stanley’s Franklin College experience has come full circle yet continues to broaden. In the information that follows, Stanley shares a glimpse of his life then and now. Campus activities: “Student Congress, Kappa Delta Rho fraternity, Inter-Fraternity Council, College Mentors for Kids, Engaged Learning and Leadership Roundtable, FC Singers, The Franklin (student newspaper) and The Wellhouse (journalism magazine).” Benefits of the Franklin experience: “There were so many life-changing opportunities. Some of the things I’ll never forget are attending the cultural celebrations, hearing Holocaust survivor Eva Kor speak, working closely with Senator Lugar’s press team, taking a Winter Term travel course to the South to learn about the civil rights movement and having a variety of courses outside my journalism major, everything from anthropology and accounting to modern art. Those experiences, among many others, helped broaden my perspective and some of my beliefs and allowed me the opportunity to grow in ways that benefit me daily at work and home today.” U.S. Sen. Dick Lugar initially hired Wayne Stanley ’08 as a college intern. After his graduation, Stanley received a full-time job offer with Lugar’s Fort Wayne, Ind., office. More recently, Stanley was promoted to press secretary. Most influential professor and why: “Many Franklin College professors are influential in their own way, but if I had to choose, it would likely be a tie between Keri Ellington (director of student activities/organizations) and Bonnie Pribush (director of leadership development). They embody the Franklin College values and teach by example, inside and outside the classroom. From humility to leadership to humor, I learned many valuable lessons from both women. I am better in life because of tools they gave me.” Favorite college hangout: “Wherever my friends were at the time! In all honesty, however, the place you could almost always find our group was the Student Activities Center (SAC). The SAC was always open and so useful to students. Whether working on projects, cramming for exams or shooting the breeze and goofing off, we always had a great time in that space. I think that secretly the staff enjoyed us being there, too.” Best part of the Franklin experience: “Making lifelong friends. I also remain thankful for the service-learning, leadership and internship opportunities. I wouldn’t be who I am, or where I am, today without those opportunities.” Five-year plan: “Five years? How about tomorrow?! I would hope to have continued building my portfolio and diversifying the experiences in both my professional and personal life. I would hope to continue working in the political arena and maintaining my interests in public relations and community outreach.” I support the Franklin Fund for Scholarships because: “The Franklin Fund enables more students to have the same life-changing opportunities once given to me. My college experience was amazing, and the best way I can show appreciation is to give my support and encourage others to do so as well.” WWW.FRANKLINCOLLEGE.EDU AUTUMN 2010 63 PHOTO BY RENEE KEAN ’06
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FRANKLIN COLLEGE autumn 2010 R E P
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6 Students in the Griz Den cheering
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Reporter autumn2010 -a - Franklin Alumni Network - Franklin College

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