Planned-giving donors—members and nonmembers—are those who have notified the foundation of their intention to leave a bequest in their will or to include IEEE’s philanthropic arm in their trust.
“We are trying to make the name of the group more meaningful and understandable,” says the foundation’s development officer, Karen Galuchie. “Including ‘legacy’ in the name signifies that people intend to leave a legacy to the foundation.” The donor group had been called the IEEE Goldsmith League.
EARLY BENEFACTORS The league is named after Alfred N. and Gertrude Goldsmith in honor of their dedication and contributions to IEEE. Alfred Goldsmith was a cofounder of the Institute of Radio Engineers, one of IEEE’s predecessor organizations, and served as its 1928 president. He left a generous inheritance to the foundation, and so did his wife.
Galuchie notes why many of today’s donors are giving back to IEEE. “People consider IEEE their second university; it has helped advance their careers” she says. “IEEE can also be the contingent beneficiary, which means if the primary beneficiary passes away the legacy goes to the foundation.”
Goldsmith League members receive the IEEE Foundation Focus newsletter, a semiannual publication that reports on activities the foundation supports, and they are recognized in an annual honor roll listing the donors from the prior year who gave at least $100. Other benefits include a keepsake coin, a certificate of membership, and an invitation to attend the annual IEEE Honors Ceremony.
League members are eligible to receive personal estate and tax planning information. “Estate laws and tax laws change often, so we send members information to keep them updated,” Galuchie says.
For more information on the IEEE Goldsmith Legacy League contact the IEEE Development Office, +1 732 562 3860 or email@example.com. Details of all transactions remain confidential, and donors may request anonymity.