Funding a Future Family Scholarship
‘The Percentages Are in Your Favor’
While reviewing the Gonzaga Annual Honor Roll of Donors, Emily Mahony, mother of James ’96, took note of the future scholarships to be funded through donors’ estate plans. She remembers thinking at the time, Now that’s something I can probably do.
Emily determined that the best way for her to fund a future scholarship would be by naming Gonzaga as a beneficiary of a percentage of her estate.
“What I would say to someone who dreams of one day funding a scholarship at Gonzaga is this: The percentages are in your favor. By this I mean that you don’t have to be rich, nor do you have to risk your own security or that of your family’s future. By leaving a percentage of your estate to charity, your dreams are possible and concerns are safe.”
‘Gonzaga Is a Family’
Learning how she might fund a future scholarship was a result of Emily’s deeper reason as to why.
“In addition to being a fine school that prepares young men for their futures, Gonzaga is a family. When my husband, Terry, died suddenly 22 years ago, I was in shock. By the following morning, three Gonzaga mothers were at my door informing me that arrangements were set for a Mass at St. Aloysius, officiated by Father Novotny. Doc Warman would play the music. Danny Coleman, another Gonzaga parent, generously offered to open his restaurant The Dubliner after Mass, the Mother's Club provided the food and Danny provided the drink. Why wouldn’t I be as magnanimous as I can afford to be for this wonderful institution? Gonzaga is a part of my family.”
Gonzaga is grateful to Emily for planning ahead on behalf of deserving young men who will learn and grow into “Men for Others” thanks to The Mahony Family Scholarship.
To learn how you can fund a future Gonzaga scholarship through your estate plan, contact Daniel P. Costello ’72 at (202) 336-7174 or dcostell@gonzaga.org or David Dugan at (202) 370-5354 or ddugan@gonzaga.org.
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.