Dr. Alma Beth Clark: Department of Interior Design
Bequest to Create Professorship and Student Travel Fund for Interior Design
Dr. Alma Beth Clark has generously made the LSU Foundation the beneficiary of her annuity to establish the Marguerite and Vincent Guacerro Professorship and the Marguerite and Vincent Guacerro Travel Fund, in honor of her late sister and brother-in-law. The professorship and student travel fund will benefit the Interior Design Department in the College of Art and Design.
Vincent and Marguerite came to Baton Rouge in 1945 to teach and promote Art Education. As a LSU Faculty member, Vincent's special interest was House Planning, a required course for Home Economics majors. Through Vincent's efforts, this course became Interior Design and the curriculum for the Interior Design Department was created. Dr. Clark has also donated thousands of slides that Vincent Guaccero used to develop and teach this new curriculum.
Dr. Alma Beth Clark has joined the 1860 Society, LSU's fellowship for the future. Through her gift, she leaves a legacy of Vincent and Marguerite Guacerro's dreams and accomplishments by offering new opportunities and growth to the Interior Design Department at LSU.
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A charitable bequest is one or two sentences in your will or living trust that leave to the LSU Foundation 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 the LSU Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
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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
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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.
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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 the LSU Foundation 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 the LSU Foundation 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 the LSU Foundation where you agree to make a gift to the LSU Foundation 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.