Providing for Family + Establishing Union College Scholarship = Barbara Pogue's Formula for Success
Barbara Pogue '50 loves going back to Union College for Homecoming Weekend. She has returned three of the last six years and has already bought tickets to fly back next month.
Barbara's favorite part of Homecoming Weekend is catching up with fellow classmates and running into students she taught while a remedial math instructor at Union College. One year while walking on campus, Barbara heard a familiar voice say, "Mrs. Pogue, do you remember me?" When Barbara turned around she was delighted to see one of her students who had struggled with math but had become a successful medical doctor. "What a thrill that was!" Barbara says.
"This year I'm looking forward to celebrating all of the math and science teachers who have taught in Jorgensen Hall," Barbara says.
Every time Barbara returns for Homecoming Weekend, she also visits the advancement office to update her trust.
"When my husband and I set up the trust, we wanted half our estate to go to our kids and the other half to go to Adventist Institutions, including Union College," Barbara says. But when her husband passed away, Barbara decided students should benefit from her estate now instead of waiting until after she died. A few years ago, with help from the advancement staff, Barbara took assets out of her trust and established a scholarship with the funds.
Since modifying her trust, Barbara has been delighted to talk with and meet the students who have received awards from her scholarship. One year, while back for Homecoming Weekend, Barbara decided to walk through Jorgensen Hall late on Friday afternoon, but was disappointed when she didn't see anyone. Eventually she came across a student who had stayed late to do some work in one of the labs and, after starting a conversation, Barbara realized she was speaking with the student who was the recipient of her scholarship that semester. "Can you believe it? The only person I ran into and she was the one I was helping!" Barbara says.
Barbara explains that as she grew older her priorities changed, which compelled her to amend her estate plans. To this day, she is making sure that any issues in her estate are taken care of. For example, the assets in Barbara's portfolio have shifted over the years and she is now concerned that her beneficiaries may have a substantial tax burden. She's already made an appointment in the advancement office during Homecoming this year to talk about making some changes to her trust once again.
If you would like to talk with someone about your estate plans while visiting campus during Homecoming Weekend next month, please call Ken Farrow at 402-486-2600, Ext. 2200 or email him at email@example.com to set up an appointment. Ken Farrow is eager to help and is never too busy to assist people in planning their estates.
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. 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.