Couple Give Time, Energy and More to McDaniel
Current and Future Students Benefit From Their Gifts
Retirement and a move to Carroll Lutheran Village just a few miles from the Hill have launched George Thomas '59 and his wife, Betty, on a rewarding second career providing service to the community, including mentoring McDaniel students in the gerontology program.
"We think students studying this subject should meet some seniors," says George, pointing out that perceptions of seniors are often out of step with reality.
In 2011, George and Betty also established a charitable gift annuity at the College as a way to give back to the alumni who afforded George his scholarship-and in appreciation of faculty guidance. With a charitable gift annuity, the Thomases receive fixed payments for both of their lives, a significant portion of which is tax-free.
According to George, it's a win-win situation. Their annuity was easy to establish with McDaniel College, which provided everything they needed to make an informed decision about their gift. George and Betty also know that funds from their annuity are helping future students.
"Having made our decisions while we still have the required willpower, energy and mental capacity helped us to make a very wise investment that is already paying the best of dividends," writes George in one of his published articles about retirement. Those dividends refer to their new experiences and active lifestyle in a "carefree home where we enjoy peace of heart," he says.
Debt of Gratitute
"My mother was a schoolteacher in Carroll County, and I had a scholarship to go to Western Maryland. I also worked in the dining hall for 55 cents an hour (plus meals) and made $27 a month from ROTC. That got me through," George says, adding that he still feels a debt of gratitude for the scholarship and chance to study at the liberal arts college.
A biology major, George says he started out as a less-than-stellar student, but the excellent teaching and mentoring by Drs. Sturdivant, Royer and Kerschner got him on track. Their lessons jump-started his academic energies, and George completed a Ph.D. in biochemistry at the University of Maryland. His clinical research resulted in co-authorship on more than 135 clinical and research publications, and his path-breaking research provided physicians with vital diagnostic clues to explore and unlock the causes of developmental disabilities in the young. He also served on numerous state and national boards including those that address developmental disabilities and inherited childhood diseases.
Firsthand Experience With Seniors
With Zumba classes, daily hiking in the Village, current events lectures and excursions to the Hudson River Valley and beyond, McDaniel students will see firsthand that the vibrancy of aging residents like George and Betty is similar to their own living-learning experience at McDaniel.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.