She cried when her name was called. There should have been only one name called, but this year Paige Delvendahl joined Lauren Lowery at the podium to receive the Kim Hudson White Endowed Leadership Scholarship.
"The tears just came," says Paige, "knowing that I was receiving something so special."
"We had watched other girls in our sorority receive it, so everyone knows what a big deal it is," says Lauren. "It was a big deal financially, and it was a big deal because it is given to us by one of us. She cared enough to reach back and lift us up."
"Everybody in the community, and definitely in Chi Omega, knows who Kim White is," they both said laughing.
A hometown celebrity and the worker bee behind much of the revitalization of downtown Chattanooga as president and CEO of River City, Kim White (Chattanooga '82) created a "hand up" at her alma mater. The academic leadership scholarship came to be in 2009 to pay homage to Kim's sorority days and the future of fellow Delta Alpha Chapter of the Chi Omega sorority sisters.
Creating a legacy of active kindness "that I could see while I was living" was all the push White needed to connect the ambition and ability of students with their own potential for success.
"I get the privilege," she says, "of seeing the benefit of the scholarship."
With their Tennessee HOPE Scholarships dwindling, Paige and Lauren were in need of a financial bridge to carry them through one more semester.
The leadership scholarship was the boost Paige needed to be all-in for an integrated marketing internship in China, while Lauren could pursue extra hours of middle school social studies and English to round out her early childhood education degree. Both will graduate in December. Paige will likely head off to graduate school; Lauren is student teaching in an inner city elementary school in Chattanooga.
"Their tenacity, their energy energizes me," says Kim.
"No matter how many times I walk through the heart of this campus," she adds, "I still feel a sense of pride welling up inside me because of its beauty and tradition. Our future is in good hands."
After trying on various majors for size while a student at UTC, Kim found the Cinderella-fit in liberal arts.
"The most important thing I learned at UTC wasn't about mixing colors and expressing myself on canvas," she says. "It was about how I could express myself through campus involvement. It was a great foundation for learning about the responsibility and obligation of leadership. I learned the importance of networking, of getting involved and working to make a difference."
After receiving her degree, the Chattanooga native left and never looked back, at least for 20 years.
Twelve years ago, Chattanooga made it to her and her husband's short list. Closing the chapter on a 16-year career at a Fortune 500 communications company, Kim was ready to come back to familiar stomping ground.
"The city was calling me back," says Kim, who served as president and CEO of the Corker Group as well as Luken Holdings, managing and leasing over 2 million square feet of real estate, before taking the helm at River City.
Never losing her passion for her alma mater, Kim easily commits to a litany of UTC organizations, including the Chancellor's Roundtable, UC Foundation and the UTC Alumni Board. The former UTC Alumni Board President is also a fixture within the community on the boards of the Enterprise Center, Chattanooga Design Studio and Chattanooga Area Chamber of Commerce.
"Being involved in the community I call home is just as valuable as thinking outside of the box to create a way for revitalization and growth within the city," she says. "It takes vision."
Leave a Lasting Impact
Make a gift to the University of Tennessee Foundation to provide a brighter future for students. Contact the Office of Planned Giving at email@example.com and (865) 974-4826 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 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.
A charitable bequest is one or two sentences in your will or living trust that leave to The University Of Tennessee 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 University Of Tennessee [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
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 UT 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 gift 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 receive an immediate federal income tax charitable deduction. 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 UT as a lump sum.
You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 UT 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 UT where you agree to make a gift to UT 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.