Founded in 1841, Íò²©¹ÙÍø has long benefited from the generosity of others. Formerly known as the DeVotie Society, the 1841 Society pays tribute to our rich history while recognizing alumni and friends who have completed a planned gift to Íò²©¹ÙÍø.
While the most common type of planned gift is a simple bequest made through a donor’s will, a charitable gift annuity is another great way to make a planned gift. A charitable gift annuity allows donors to contribute to Íò²©¹ÙÍø while receiving a fixed rate regular income for one or two lives. In most cases, donors can take a charitable deduction on a significant portion of their gift. By establishing a charitable gift annuity, donors can designate their gift for a particular purpose and make a lasting impact on future generations of students while enjoying the financial security that comes with it.
Ron and Cindy Mims represent this spirit of giving with their recent $1 million charitable gift annuity to Íò²©¹ÙÍø. Their motivation stems from a long-standing connection to the university, beginning with Cindy’s visits during high school and Ron’s academic and professional journey. Ron graduated in 1970 with a degree in pharmacy, and Cindy earned two degrees from Íò²©¹ÙÍø: her bachelor’s degree in education in 1960 and a Master of Science in Education in 1976.
“Íò²©¹ÙÍø is a beacon for others to be successful, and that’s the reason we’re giving our funds—to help students come to Íò²©¹ÙÍø and be successful,” Ron said.
The Mims understand the critical role of planned giving in ensuring the university’s sustainability. Their financial journey began with modest contributions and steadily grew, illustrating how Íò²©¹ÙÍø’s guidance has influenced their philanthropic choices. Their gifts have also served as tributes to their late son, further deepening the significance.
“Íò²©¹ÙÍø was founded in 1841 and has stood the test of time. Through the generosity of couples like Ron and Cindy, Íò²©¹ÙÍø will continue to endure,” said Bo Kerr, assistant vice president for university advancement.
“We got here by wanting to encourage others to give,” Cindy said. “If alumni want Íò²©¹ÙÍø to be here for the next generations, they need to give. Our biggest goal is to inspire others to join us in giving to Íò²©¹ÙÍø so others will experience the joy that we’ve found in our journey.”
This story was first published in the fall 2024 issue of Seasons magazine.