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."
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 examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. 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. 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. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.