Bill and Rita Loventhal: A Leap of Faith That Paid Off
As a Chicago native, Bill Loventhal admits he was skeptical about the advice he received from the director of the Kemper Foundation that he should transfer to Georgia State University. "I said, ‘Georgia what?' I had never been south of Nashville in my life," he remembers. "But I came down, checked it out, they courted me, and I was impressed with the faculty and the administration and the students I met, so I transferred."
After arriving in Atlanta as a Kemper Foundation Scholar, Bill not only earned his degree but also met his wife, Rita, who would later earn a Georgia State degree of her own. And except for Bill's two years of Army service, they've been here ever since. Buoyed by Bill's success in the financial services industry, the Loventhals are making a planned gift back to Georgia State for the success the university helped create.
"I was just raised to support your alma mater, plus I think I got a great education," Bill says. "They have a very strong insurance department-one of the best in the country."
In addition to their annual giving to the Department of Risk Management and Insurance at the J. Mack Robinson College of Business, Rita recently began supporting the Women's Philanthropy Initiative. And together, the Loventhals have made a planned gift of a life insurance policy.
"Being in the insurance business, I'd been thinking for some time about doing a charitable policy, and I finally decided I could afford to do that without cutting back on my annual giving," Bill says. "I started the policy before I turned 40-you don't have to be old to do this."
Since Bill was a scholarship recipient himself, the Loventhals are enthusiastic about the money potentially helping future students in his position. "We both feel that it should go for scholarships," Rita says. "The letters we get every year, the thank-you notes from the risk management students, kind of underscore why we're doing this."
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Discover how easy it can be to help future Georgia State University students receive the opportunity of a Georgia State education through your estate plans. Contact Laura M. Sillins, J.D. at firstname.lastname@example.org or 404-413-3425 today to learn more.
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.