Dr. Milt and Betty Waldron stepped aboard their first Semester at Sea ship in 1990 at the suggestion of their daughter.
"We thought we would do it one time," Betty recalls with a laugh.
Nearly 30 years later, the couple has sailed around the world many times through Semester at Sea, with Milt serving as the ship's physician and Betty working as the Lifelong Learning coordinator.
"We added it up once, and we've spent over 4½ years at sea," Milt says.
Over the course of those years, Milt and Betty got to know countless students, staff and crew.
"They're part of our family," Betty asserts. On one of their first voyages, Betty realized that "even if we never go into port, this is one of the best experiences of our lives."
The Waldrons wanted to help share that experience with others, so they set up a charitable remainder trust (CRT), a gift that pays them income. At the end of the trust term, the balance benefits Semester at Sea. When the couple saw how easy it was to set up a life income gift, they created a second CRT to help students in need.
"Watching students mature and gain independence is one of the best parts of this program," Milt explains.
From making friends of all ages to traveling the world, the Waldrons are grateful for their time at sea.
"The impetus for our contributions is to make sure this program prevails," Milt says. "There's not another one like it, and the value people get out of it—well, we just want to support that."
Support is critical to sustaining Semester at Sea, and your generosity will allow more students the opportunity to experience this program. Contact Susan Sigman at 970-492-4557 or firstname.lastname@example.org to learn about your giving options. And be sure to visit us at Share Your Story/Raise Your Hand.
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.