Enduring Support: Couple Plans to Leave a Legacy for Others to Follow
Matt and Ellen Medeiros have been major supporters of Bellarmine College Preparatory for more than a decade, many years before their son, Nick '13, started attending the school. Now they have continued their generosity to Bellarmine by including a legacy provision for Bellarmine in their estate plan.
"Once you have taken care of your own needs and your family's needs, there is room to change the lives of future generations of Bellarmine students," Matt says.
Matt is the chairman of Bellarmine's board of regents and president and CEO of SonicWall, a manufacturer and seller of content control and network security appliances. Ellen is an owner and CFO of Trim Tech Construction Inc., which specializes in sales, distribution and installation of architectural doors, frames and hardware.
This year, more than 24 percent of Bellarmine's student enrollment is sharing in more than $4 million of tuition assistance. The school is planning for the future now by addressing the ever increasing need for tuition financial aid by asking parents, alumni, parents of alumni, grandparents and friends to consider including a provision in their wills or trusts for Bellarmine. Legacy gifts to education help to ensure the future.
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 hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your 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.