In 2007, alumnus Ralph Herda (BA 1975) established a fund at Miami to support faculty and students within the Department of Statistics and the Department of Mathematics. He chose to honor the memory of his mother and father by endowing the Pearl T. and Edward L. Herda Mathematics and Statistics Fund.
“The benefit of making a starting gift to support Miami is not to be underestimated,” Ralph says of his gift.
Ralph has continued to grow the endowment for his fund to increase the impact over the years, making tax-wise and immediately impactful gifts of cash and appreciated stock, as well as a deferred commitment in the form of a bequest.
Recently, in consultation with his advisors, Ralph began to explore split interest gifts, or gifts that provide benefit to both the nonprofit and the donor. He decided to make a gift of long-held appreciated shares of stock to fund a charitable gift annuity, or CGA, at Miami.
“It’s a great blend of two things for me,” Ralph says. “Immediate impact with a gift to Miami and an immediate tax advantage to me for the donation. Plus, I enjoy an ongoing income stream from the stock that was previously only appreciating on paper. It’s like I still own the stock, but I have the income instead of appreciated gains. A win-win.”
Make a gift to support what matters most
Like Ralph, you can make a meaningful gift to Miami that will benefit students for years to come. Contact Miami's Office of Gift Planning at GiftPlanning@MiamiOH.edu or 513-529-1286 to learn about your giving options.