As a math major at The University of Alabama in the 1950s, Alice Jackson was used to going against the grain—she was often the only woman taking the challenging courses.
“It was a different world then,” she said, recognizing her love of math and her desire to travel—something that took her across the world on several occasions—were uncommon for women to pursue at the time.
After graduation, Alice embarked on a three-month tour of Europe, then visited The University of Alabama’s placement office to inquire about jobs. She was connected to AT&T’s Atlanta office, where she launched a career that spanned decades, sent her across the country and allowed her to work for several prominent technology companies.
When Alice’s brother, John B. Deramus Jr., passed away in 2015, she turned her attention to her share of some family property that was located in Alabama. Her brother, also a UA alumnus, had taken his share and donated it to the University through a gift in his estate plan.
Seeing an opportunity to make a sound financial decision, Alice used her property to create a gift that pays, also known as a charitable gift annuity (CGA).
“I thought it was best for me and a win-win for everybody,” she said. “The University would get the property and I would get an income from it.” The University of Alabama is deeply grateful to Alice for her foresight and for continuing her family’s tradition of giving back.
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Information contained herein was accurate at the time of posting. 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 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. 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.