Catherine Long Glendening ’38: A Win-Win Situation
Catherine Long Glendening ’38 had always given to SU over the years, but in honor of her 80th birthday in 1997, she wanted to do something special. "I want to help deserving students who hope to do something exciting in the world," she said. So she established a $100,000 gift annuity to support the Catherine Long Glendening Endowed Scholarship Fund.
When Catherine passed away, her husband, John Glendening, decided to honor his wife's memory by establishing a $200,000 gift annuity to add to her scholarship fund. As a lawyer, he knows the benefits of giving through a gift annuity. "By donating stock, I save tax dollars, received an income that's partially tax free, and have the pleasure of knowing that many Syracuse University students will have a chance to fulfill their dreams because of Catherine's scholarship," he says. "It's a win-win situation for all concerned."
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance. A copy of our most recently filed financial report is available from the Charities Registry on the New York State Attorney General’s website (www.charitiesnys.com) or, upon request, by contacting the New York State Attorney General, Charities Bureau, 28 Liberty Street, New York, NY 10005, or us at 640 Skytop Road, 2nd Floor, Syracuse, NY 13244-5160. You also may obtain information on charitable organizations from the New York State Office of the Attorney General at www.charitiesnys.com or (212) 416-8401.
