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Planned Giving

Loyd "Buster" Black '62

Loyd Black with horseEach year Stratford ninth graders are taken to "Old Stratford" for Immersion Day, a morning with scheduled tours of Stratford's original campus, group discussions with school founders and teachers, and panel discussions with alumni. Ninth graders learn about how and why Stratford was founded and what student life was like when the school was located in the historic Overlook Mansion, which is now the Woodruff House owned by Mercer University.

Class of 1962 alumnus Buster Black is a regular guest speaker at Immersion Day. Black was Stratford's first graduate and Salutatorian. Each year, he describes how he became a Stratford student. It was the summer of 1960, and he had finished his sophomore year at Lanier High School. His family was in turmoil due to his father's terminal illness. He read in the newspaper that candidates were being interviewed for scholarships for a new school in Macon for those serious students who were interested in a quality college preparatory environment.

Unknown to his parents, Buster would walk, hitch hike and take a bus for several consecutive days to be interviewed and later awarded an academic scholarship for Stratford's first junior class. School administrators, Joe and Sue Hill and Marvin Davis, took the young man under their wings and gave him summer jobs assisting with remodeling projects at the mansion being converted to a school.

When school began in the fall, it did not take Black long to rise in the leadership and academic ranks of Stratford life with achievements such as senior class and student council president, Beta Club member, Honor Graduate and class Salutatorian. Following graduation, he studied English literature at Duke University with later study in a combined law and M.B.A. program at the University of Georgia.

Black says, "My Father died just days after Stratford opened its doors for its first classes. Understandably, my Mother was devastated by the loss of my Father. Without the guidance and motivation of Dr. Joe and Sue Hill and Marvin and Margaret Davis at such a critical time in my life, I surely would have been without so much of the direction which has led me to many of the achievements in my life."

Black went on to practice law in Atlanta with his own firm specializing in the regulation of the financial planning industry. He developed and popularized the legal and business framework used by most financial planning firms in the United States in the seventies and eighties. Moving from the office towers of Peachtree Street to his home office on his farm at Brooks, Georgia, today he specializes in equine law with a nationwide involvement in the equine industry. He enjoys continuing the family avocation of showing Tennessee Walking horses and is active as a trustee for the Methodist Church retreat, Epworth by the Sea, at St. Simon's Island.

He credits a single act of kindness by Dr. Joe Hill following the death of his father with being the initial stimulus for family estate planning for Stratford's benefit. Black says, "Dr. Hill wrote a very kind condolence letter to my Mother at a time when our family was literally shattered and he really didn't know us. His thoughtfulness has never been forgotten. When you combine the quality of character demonstrated by Dr. Hill and the extraordinarily beneficial impact Stratford's faculty had on my development with the simple fact that Dr. Hill's dedication to that spirit of quality to benefit promising, young people has endured as a constant at Stratford for fifty years, how can you not support it?"

Both Buster and his late mother have made significant testamentary provisions for Stratford with estate planning over two generations put in place starting 16 years ago. "We are very pleased," he says, "to try to help see that Stratford is able to continue to provide horizons for young people in the future so that they may be exceptionally prepared to find their own excellence wherever they may go and whatever they may do."

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©2024 Stratford Academy    6010 Peake Rd    Macon, Georgia 31220    Dr. Rachel Adams, Headmaster    P 478.477.8073

A charitable bequest is one or two sentences in your will or living trust that leave to Stratford Academy a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

"I, [name], of [city, state, ZIP], give, devise and bequeath to Stratford Academy [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Stratford or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Stratford as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Stratford as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Stratford where you agree to make a gift to Stratford and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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