Leave a Legacy

Jeanette Rankin Women's Scholarship Fund

One of the easiest ways to make an impact for years to come is to leave a gift to JRF in your will.

The $16,000 from Jeannette Rankin’s estate was the seed money for JRF, which has been helping low-income women succeed through education since it was chartered in 1976. Rankin’s $16,000 gift has become a legacy – more than $2 million has been awarded in scholarships to more than 750 women.

It’s easy to follow Rankin’s example and make a difference for women across the country with a legacy gift. Read more about different types of gifts below and call Karen Sterk at 706-208-1211 for more information.

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Scholarships

Sponsoring one or more scholarships through Jeannette Rankin Women’s Scholarship Fund is a significant investment in the success of a woman whose education will benefit herself, her family, and her community. Each scholarship can be named in honor or memory of someone, for the donor, or for a civic group or organization.

Annual Awards

Each scholarship gift of $2,500 will provide a woman with a $2,000 JRF scholarship for one school year. The balance of each scholarship gift helps offset expenses involved with selecting scholars and working with them throughout the year.

Endowed Awards

Creating an endowed award provides life-changing higher educational opportunities for students who otherwise might not be able to attend. The gift of higher education can never be taken away, and is the most reliable avenue for overcoming poverty. Endowed scholarships will be given in perpetuity using the investment income of the donation; they may be established with a minimum of $50,000.

Bequests

One of the simplest ways to give to JRF is to include a bequest in your will. Making a bequest may also decrease any estate taxes that would be due. There are several options for leaving a bequest for JRF:

To leave a sum of money to JRF, include the following language:
“I give to Jeannette Rankin Foundation, a nonprofit corporation created under the laws of the State of Georgia, located in Athens, Georgia, the sum of $__________.”

To leave a certain percentage of your estate to JRF, include the following language:
“I give to Jeannette Rankin Foundation, a nonprofit corporation created under the laws of the State of Georgia, located in Athens, Georgia, ___________% of my estate.”

To leave your remaining assets to JRF (after other gifts have been granted), include the following language:
“All the remainder of my estate, including real and personal property, I give to Jeannette Rankin Foundation, a nonprofit corporation created under the laws of the State of Georgia, located in Athens, Georgia.”

Real Estate

A gift of real estate can be a current or deferred donation. A current gift, where the property goes directly to JRF, provides immediate tax savings - usually the fair market value of the property. You can also give real estate to JRF while continuing to occupy the residence throughout your lifetime. Making a deferred gift of property allows you to make a substantial contribution to JRF while still occupying your home.

Securities

Donating stocks, bonds, mutual funds and other securities offers significant tax savings for you. By giving stock, you can avoid capital gains tax on the increased value of the stock plus receive an income tax charitable deduction for the full fair market value of the stock.

Charitable Trusts

Charitable trusts provide very flexible and powerful tools that can allow you to reduce your tax burden, increase your current and/or future income, and provide vital support to help women conquer poverty. Charitable trusts are complex, so please consult your financial planner or CPA for current information on charitable remainder trusts, annuity trusts and lead trusts.

Life Insurance

You may name JRF as the beneficiary of a life insurance policy while remaining the owner of the policy. You will continue to have access to the cash value of the policy and you may choose to change the beneficiary in the future. Remaining the owner has one major disadvantage: you are not allowed to take a charitable deduction on your income taxes for the premiums that you pay.

The greatest tax benefit can be gained by making Jeannette Rankin Foundation the beneficiary of the policy and by irrevocably transferring the ownership of the policy to JRF. This allows you to save taxes two ways. First, you are allowed to take an immediate federal income tax charitable deduction for the lesser of the policy's fair market value or the net premiums paid. Second, you can make contributions that allow JRF to pay the premiums. You can take a charitable federal income tax deduction for these contributions.

To either make JRF the beneficiary or the owner of your life insurance policy, please contact your life insurance representative for assistance.