Legacy Spotlight: Snyder Charitable Remainder Trust

Tuesday, September 22, 2015

Dr. Massey presents the 2015 Anne R. Snyder Department Chair Excellence Award to Dr. Georgette Rosenfeld, Chair of the Respiratory Care Department.

How one planned gift provides scholarships, honors faculty, and enhances educational facilities at IRSC.

When Anne R. Snyder established a charitable remainder trust in 1994, she knew she wanted to make a difference for students at Indian River State College.  What she had no way of knowing was how far-reaching and beneficial her generous planned gift would turn out to be.

Funded for a term of 20 years, the Snyder Charitable Trust provided gifts ranging from $7,000 - $10,000 per year to Indian River State College. Once established, a fixed percentage of the value of the assets is distributed to a designated beneficiary or charity on an annual basis. This type of gift often provides an income stream for family members throughout the length of the trust.

In this case, IRSC was designated both the annual beneficiary and the non-profit entity to receive the remainder of the assets at the expiration of the 20 year term.

Projects supported over two decades include scholarships and educational facilities at three IRSC campuses.  In 2004, the annual Anne R. Snyder Department Chair Excellence Award was permanently established to recognize outstanding leadership among IRSC faculty.

Earlier this year, IRSC received the remainder of the trust’s assets.  This extremely generous gift was endowed to provide scholarships in perpetuity.  In the coming years, hundreds of students will receive assistance thanks to Anne R. Snyder’s willingness to make a difference in their lives.

There are many different types of planned gifts that can help you to provide for your family, enjoy significant tax advantages, and help students at IRSC. To learn more, visit our planned giving website.