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DEVELOPMENT NEWS: Pay it forward. Definition: A creditor's offer to a debtor to provide the option of forwarding payment of a debt to a third person instead of paying it back to the creditor. The debt can be financial or in the form of a good deed. Well, if you feel a debt to the SJMC, maybe you can provide both a financial gift and a good deed by paying it forward through your estate. Your will could establish a scholarship or an unrestricted gift that would help many students forever. There are many options for tax savings, establishing an annuity or simply setting up arrangement that saves your heirs taxes. Plus, you can establish the scholarship or fund now, so when your estate "pays it forward" to the next generation of students, the funds are administered according to your preferences. For extensive information online, go to the CU Foundation's Web site, cufund.planyourlegacy.org, or get in touch with SJMC Development Director John Pepperdine at 303-492-4550 or John.Pepperdine@cufund.org. John Pepperdine, Development Director |
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