Extending Education, Generation to Generation
Having spent his entire career in education as a teacher and an administrator, primarily in the Los Angeles Unified School District, Donald Bolton reached countless adolescents during formative periods in their lives. Now, thanks to a beneficiary designation through Donald’s bank account, his impact will extend even further.
“There are all sorts of things you can do if you’re willing to make a commitment, and this commitment can have a profound impact on kids,” Donald says. “To me, giving back is very fulfilling. It makes life worthwhile.”
Donald worked a variety of jobs while pursuing his Bachelor of Arts in social studies and his Master of Arts in secondary school administration. It was difficult at times to juggle both work and school. He hopes that his gift will ease the path for future educators studying at Cal State LA.
“There’s no question that Don’s gift will provide needed support for future educators preparing for meaningful careers like his. They will carry on his legacy,” says Dr. Cheryl Ney, dean of the Charter College of Education. “Through the generosity of Don and his wife, Ann, the lives of children and youth in our region will be transformed.”
The decision to leave a future gift was not complicated for Donald, nor was the process.
“I’m not the only one who’s able to do this. I’m comfortable, but I’m not a wealthy person,” Donald says. “I hope this stimulates other people in my same circumstances to make a beneficiary designation as well.
“After all,” he adds, “at the end, what is life worth?”
Information contained herein was accurate at the time of posting. This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any 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. California residents: 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. Oklahoma residents: 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. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.