Jerry Allsbrook '82 and his wife, Cat Rudd, wanted to find a way to “ensure UNCW’s financial strength for the next generation of Seahawks.” A testamentary pledge made it easy to do just that.
A testamentary pledge is one of many deferred gift plans that secures not only a donor’s goals but also helps secure the future of UNCW and its students.
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This type of philanthropic pledge can be designed as a bequest through a will or trust, or as a beneficiary designation in a retirement savings account. Even just a portion of a 401(k) or 403(b) account can be used to establish an endowment at UNCW in the name of you or a loved one.
Through this type of deferred gift, Jerry and Cat established the Allsbrook-Rudd Scholarship in Entrepreneurship, enabling them to fulfill their desire to assist students pursuing a degree offered by the Cameron School of Business.
In addition to their initial pledge, the couple made annual gifts to their scholarship, endowing it in the fall of 2016. Through their unwavering commitment, Jerry and Cat have been able to realize their legacy during their lifetime – meeting students who have benefited from their initial pledge.
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Planning for the future often starts with a simple promise.
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Planning for the future often starts with a simple promise. In fact, it’s what UNCW’s forefathers did 70 years ago. With only 500 students, our leaders made a commitment to acquire 650 acres of land. They didn’t know what they were going to do with the space, but they knew one day it would be needed. Those visionaries created the foundation for the university we have become.
As UNCW celebrates its donors each year, we honor Jerry and Cat and other members of the E.L. White Society. Each donor has been instrumental in establishing UNCW’s tradition of excellence and graciously partnering with us for an even more promising future.