Dear SAGU Alumni and Friends:
Many of you are aware of strides taken in the last two years to champion, as never before, the need for alumni and friends to help the university through planned giving. As a result of the efforts by Irby McKnight, Vice President for University Advancement, and Craig Rinas, Senior Director of Development and Gift Planning, I am pleased to report that approximately $13 million, of our $100 million goal, has been committed to SAGU through planned giving instruments since 2007. Should the Lord tarry, future leadership will have much needed resources to help the school achieve its kingdom purpose. This is the beginning of a dream come true for all of us, but especially Carl Alexander, who founded the Southwestern Foundation in 1986 and continues to faithfully serve as President.
There are a number of practical reasons why it is helpful for the University to have some knowledge of a donor’s intention to bless the school through planned giving:
- Donors can be assured that we can assist in carrying out their wishes through our ability to collect their donations from executors and attorneys.
- We can offer assistance to donor’s families in easing the estate process.
- It allows us to show our appreciation to donors before they pass away.
- We are able to have a better understanding of future donations and how that will affect our financial forecast.
For these and other reasons, the President’s Society has been created as a way to engage those interested in leaving Southwestern Assemblies of God University or the Southwestern Foundation in their estate (will, life insurance, trust, etc.).
Jan and I have included Southwestern as a beneficiary in our will, and as a result we are a part of a number of friends who have already stepped forward to join the President’s Society and acknowledge a decision to remember Southwestern through planned giving.
For your information, members of the President’s Society are not required to provide all details of their planned gift to SAGU. We only ask for: 1) contact information; and 2) type of planned gift, such as Living Trust, Charitable Remainder Trust, Qualified Retirement Account, Bequest, Life Insurance, etc. Naturally, opportunity is given to provide as much description of the provision as you are comfortable sharing.
For those who do not already have SAGU named in your estate, I ask that you pray about joining us to secure a solid financial foundation for the future of SAGU and our students. Talk with your families and financial advisors to get their insight and feedback. In the current political climate, it has become more and more necessary for us and our students to receive all the financial assistance available. Please contact myself, Irby McKnight, or Craig Rinas if we can assist you in this process in any way.
Kermit S. Bridges, D.Min.