Using a Beneficiary Designation to Make a Gift
In 2009, retired teacher Jack Wilkinson donated $2.5 million to the College of Central Florida to establish a permanent campus in Levy County. Wilkinson, a lifelong Levy County resident and teacher died in 2009 at 96.
In 2009, retired teacher Jack Wilkinson donated $2.5 million to the College of Central Florida to establish a permanent campus in Levy County. Wilkinson, a lifelong Levy County resident and teacher died in 2009 at 96.
Jack taught mathematics in the Levy County school system for 45 years. He was also a farmer, rancher and timber grower. He said that he lived a simple life and it was a pleasure to be able to give this gift for education.
Levy Superintendent of Schools and former CF Trustee Bob Hastings said, "I cannot think of any one person who has touched more lives in Levy County than Jack Wilkinson."
At the time of his gift announcement, Jack reflected on fond childhood memories - from attending a one-room schoolhouse to driving a Model T to high school. Encouraged by his mother during the Great Depression to earn his teaching certificate, he said that his gifts to the college and the naming of the Levy Campus make his life "feel like a fairy tale."
The Jack Wilkinson Levy Campus of the College of Central Florida in Chiefland, opened in 2017.
Please note: Each donor's story is unique. Since the benefits of each gift may be different, you should seek the advice of your legal, tax or financial advisor.
What is a beneficiary designation gift?
A beneficiary designation gift is a simple way to make a gift to support College of Central Florida Foundation by designating us as a beneficiary of your retirement, investment or bank account or your life insurance policy.
Beneficiary designation video
Is a beneficiary designation gift right for you?
If you own a qualified retirement plan, such as an IRA, 401(k) or 403(b) and would like to make a charitable gift, your family or your estate might benefit if you update your beneficiary designation form naming our organization as a beneficiary. Beneficiary designation gifts may help your heirs avoid paying income tax on certain inherited assets and may help your estate avoid estate taxes.
If you have questions about making a beneficiary designation gift, please contact us. We would be happy to work with you and answer any questions that you have.
