MC Alumnus, Tony Huffman ’84, Gives Back in More Ways Than One
Annual giving to Mississippi College is important, and I have made that a part of my ongoing commitment to support MC financially. But I also strongly believe in planned giving, through legacy gifts and estate planning. Like a good number of MC alumni and friends, my financial support of the University started slow and small, but it has grown from the blessings I have received over the years.
I have worked as a CPA in the tax profession since graduating from Mississippi College in 1984. In addition, I have served on MC’s Committee for Legacy Gifting and Estate Planning (as well as other organizations). I understand the importance of planned giving not only from a tax advantage standpoint, but from the perspective of how important planned giving is to the sustainability of institutions such as MC. While annual giving is the lifeblood of day-to-day University operations, it is planned giving that allows MC to continue the Kingdom mission of a Christian University.
One of the simplest ways to include Mississippi College in your planned giving is to simply make MC a full or partial beneficiary to a life insurance policy. I took the very simple step of completing a one-page form for my insurance company, and now MC is a beneficiary of that policy and will receive an estate gift that will be paid directly to MC from my insurance company. It took me five minutes to complete a form that will provide a lifetime benefit to MC.
In an increasing secular world, the continued mission of Mississippi College has never been more important than today. Please make sure you include MC as part of your planned estate giving process (but don’t forget the annual giving).
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.