A Young Alumnus Gives Back

Ben Ghosh

Ben Ghosh, Spring 2005 alumnus, says his voyage gave him important life skills.

Sailing around the world had a profound effect on Ben Ghosh's personal and professional life. That's why the spring 2005 alumnus and 1963 Society member decided to give back to Semester at Sea.

"I'm getting married next year, and I'll have two groomsmen from my voyage," says Ben, now 33 years old. "I always say I'm closest with friends from Semester at Sea because of those shared experiences."

According to Ben, who now serves as director of lifecycle marketing for the Cambridge-based start-up Butcher Box, his voyage also provided him with the skills he needed to succeed professionally.

"I think the more we see the world, get to know others and engage in meaningful interactions, the better off we'll all be," Ben says. "The wisdom and the skills I gained when I was traveling the world in my early 20s really set me up to be more successful in life."

Ben GhoshNow Ben is helping future voyagers learn those same skills by making a planned estate gift to Semester at Sea.

"I committed to contributing at least 1 percent of my estate to Semester at Sea," Ben says. "What seems like very little now will one day make a significant impact on the lives of others." 

By establishing a planned gift, Ben is ensuring that future students can apply the same lessons he learned abroad to their own lives. And doing so at a young age means that as Ben's gift grows over time, so will his ability to put others in a similar position to succeed.

"It's a way to give back to a program that has given me and others so much," he says, "and to empower those who wouldn't otherwise have this chance with a tremendous opportunity."

Open Doors of Opportunity

Like Ben Ghosh, you can make a future gift to Semester at Sea to help students pursue their dreams. Contact Susan Sigman at ssigman@isevoyages.org and 970-492-4557 to learn more.

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 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.

A charitable bequest is one or two sentences in your will or living trust that leave to Institute for Shipboard Education a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, (name), of (city, state ZIP), give, devise, and bequeath to the Institute for Shipboard Education, Colorado State University, Campus Delivery 1587, Fort Collins, CO 80523-1587, (specific dollar amount or percentage of the estate or description of the property) to be used for its general purposes."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to ISE/SAS or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to ISE/SAS as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to ISE/SAS as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and ISE/SAS where you agree to make a gift to ISE/SAS and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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