Tom Pendergrast, Sr. Gift in the form of a Charitable Gift Annuity
Every university hopes for an alum like UGA's Tom Pendergrast, Sr., of Atlanta. Since graduating in 1943, he has been constantly involved with his alma mater.
After serving in World War II, Tom represented firms which assisted in the issuance of municipal bonds. "Everywhere I went in Georgia—and I was in every county in the state at one time or another—I found fellow Bulldogs in decision-making positions," says Mr. Pendergrast. "They always treated me as part of a big family—the Red and Black family. That sure made my life—and my job—a lot easier!" Tom sent two of his children to UGA and continued his intense involvement in Bulldog athletics. He is a founding member of the Presidents Club and was always one of the leaders of the Atlanta Bulldog Club.
Tom credits his UGA education for much of his success and wanted to do something special for the University he loves. He decided that a charitable gift annuity would be a perfect vehicle, and became the first person to create a charitable gift annuity agreement to benefit the University of Georgia. With a simple planned gift document only one page long, he accomplished so much!
By transferring appreciated stock to benefit the University of Georgia, he has established a fund which will pay him income for the remainder of his life, removed these assets from his estate, deferred capital gains on their sale and received a significant income tax deduction. Ultimately, these funds will be directed into a new fund that will benefit both academics and athletics at UGA.
Tom Pendergrast is a loyal Bulldog who has made an extremely generous gift to his alma mater. We hope it will be an inspiration to all who love the University of Georgia.