Howard M. '71, '72, and Cheryl S. Beckert '72, have always appreciated how their Florida State University degrees helped their careers.
"The education and relationships we were blessed with at Florida State University have been very instrumental to the successes we have had in life," Cheryl says.
Howard, who earned a bachelor's and master's degree in accounting from the College of Business, and Cheryl, who earned a bachelor's degree in human sciences, have worked in the personal finance field for most of their careers.
Howard, a certified public accountant as well as a certified financial planner, and Cheryl, a State Farm insurance agent and a chartered financial consultant, have vast knowledge of financial planning and charitable giving techniques and frequently work with clients who have charitable intentions.
The couple understands the benefits of a flexible deferred gift annuity for Florida State University and themselves. The flexible deferred gift annuity maximized their charitable deduction, created a safety net of fixed payments for the couple in the future and ultimately will provide needed resources to FSU.
"It was a win-win for us and the University," Howard says.
By setting up a flexible deferred gift annuity through the Florida State University Foundation, the Beckerts made a generous contribution to the FSU Foundation and received an immediate charitable deduction for the gift. In the future, the couple will be eligible to receive fixed payments from the Foundation, or they can continue to defer payments to receive a larger fixed payment stream later in life.
"With the uncertainty in our economy and the resultant volatility in our investments, being able to diversify our investments while utilizing the professional investment management of the Foundation was a positive factor in our decision," Howard says.
In order to attract and retain the best professors, their gift will benefit the accounting department at the College of Business.
"Those professors who have a ‘wow' factor— the ones we remember later for the impact they had in our lives—they are the ones we want to remain in Tallahassee," Cheryl says.
For others who are considering planned gifts to FSU, the Beckerts have some sage advice: "The Foundation representatives were some of the best we have ever worked with as to gifting alternatives," Howard says. "Make the initial contact and establish a relationship to learn more about what is available to meet your giving desires. You will find it is a very rewarding experience as your plans come to fruition."
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 examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. 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. 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. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.