A Lifetime of Leadership and Loyalty
Meet Lloyd Ferguson ’62
Ohio Wesleyan alumnus Lloyd Ferguson ’62 insists he is someone who always has taken the “path of least resistance” in life’s endeavors, large and small. From selecting a college to attend back in the ’60s (“OWU was the only university to which I applied,” he recalls) to, more recently, deciding to streamline his philanthropic generosity for Ohio Wesleyan via an IRA rollover—Lloyd describes the simplicity of this opportunity.
“You don't have to jump through hoops because everything is done automatically for alumni,” Lloyd says.
The government allows gifts to be made directly from one’s IRA, up to $100,000 per year. Such charitable IRA rollover gifts can help satisfy one's required minimum distribution (RMD) for the year.
“Plus, there is no tax on gifts when taken out of the IRA and given directly to charity,” says Lloyd.
And Lloyd can’t over-emphasize the importance of giving to smaller universities such as OWU. As a politics and government major, he got to know professors like Art Peterson and Bob Laurish, but also John and Libby Reed, Dick Smith, and David Jennings, and coaches Bob Strimer and Fred Myers. Lloyd met lifelong friends, including his SAE fraternity brothers, and enjoyed the ambiance of campus. He was elected senior class president and was a member of the Interfraternity Council and YMCA.
“OWU was a great place to grow up and learn about the world,” Lloyd reminisces.
After graduating, Lloyd continued his leadership of and loyalty to his alma mater as a committed donor, Life Trustee, member of the Woltemade Center's alumni advisory board, member of the President’s Circle and of the Founders’ Circle, and as an alumni admission representative. He was owner/partner of the Label & Packaging Company of Northbrook, Illinois and a vice president at Delta Communications prior to that. Lloyd and wife, Martha, have two children, Diane and William ’92.
“Some of the best people I know graduated from Ohio Wesleyan, including my mother-in-law, Helen West Kemper ’35, several cousins, and many friends,” says Lloyd. “Ohio Wesleyan needs our support and is so deserving of our money.”
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.