Planned gifts come in many forms as living donors arrange to leave assets to Cumberland School of Law. While the most common form is a simple bequest through a will, donors can also make planned gifts through charitable gift annuities, retirement plans and life insurance, trusts, gifts of property and retained life estates. These options often have more flexibility and benefit the donor.
In 2018, the Manns purchased a life insurance policy that will help fund a needs-based scholarship for future law students. Upon his death, the benefits of this insurance policy will be paid to Cumberland to establish this scholarship for students who are faced with extraordinary financial challenges.
Mann said, “I believe that I am making an investment in present and future law students, many of them who shared my experience. By setting aside a few dollars every day, I can make a considerable investment in the lives of future Cumberland students in financial need of completing their legal education. I have never viewed good stewardship through the lens of dollars and cents. Investment in people and programs to benefit students is my long-range goal. We all leave this planet at some point. If upon my death I can benefit a financially struggling law student, what better legacy can be left?”
Donors who choose to leave a planned gift to Cumberland School of Law will become members of Samford University’s 1841 Society, formerly known as the DeVotie Society. To learn more about the planned giving process and how your family can leave a legacy at Cumberland School of Law, contact Anne Marovich, senior development officer, at amarovic@samford.edu or 205-726-2443.
This story was originally published in the 2024 edition of Cumberland Lawyer magazine. Read the complete issue here.
