每日大赛

Athletic Program to Benefit from Former Professor’s Estate

December 17, 2021
By: Tiffany King

Dr. George Dupuy has designated the 每日大赛鈥檚 Athletics Department as a beneficiary of his estate. The gift, when realized, will make a long-lasting impact on the program and support the athletic and academic experiences of student-athletes.

Dupuy is a former professor of management for the School of Business and Public Management, working at the College from 2009 to 2016. Before his time at Coastal, Dupuy had an extensive career in both business and higher education. His career started in banking then in human resource consulting. In higher education he taught management, marketing, strategy, ethics, entrepreneurship, served as dean of two business schools, and earned tenure at each institution that he worked. He earned a Bachelor of Arts in sociology (cum laude) with a minor in business at the College of William and Mary, and both an MBA and Ph.D. in business at the University of North Carolina Chapel Hill.

At the College, Dupuy continued to cultivate students鈥 strategic thinking skills. He was very committed to students鈥 growth and dedicated to helping the College grow. One way this was demonstrated was through the establishment of a Charitable Remainder Unitrust (CRUT) using Dupuy鈥檚 own real estate to benefit the College. His gift will result in a major six-figure contribution. The idea to form a CRUT came when Dupuy and his late wife Beth purchased two acres of marsh-front property in Glynn County. They were renovating a spacious home for frequent visits from their children and grandchildren, however as moving day approached, his wife didn鈥檛 want to leave their historic home in South Gloucester. The Dupuy’s now owned two homes. They wanted to find a creative way to benefit the College, and Dupuy knew that his alma mater鈥擶illiam and Mary鈥攗sed CRUTs as a philanthropic tool.

鈥淲e were unaware of the many advantages of giving through a Charitable Remainder Trust. We found that CRUTs create a win-win arrangement for both parties,鈥 Dupuy said. 鈥淭he beneficiary receives a commitment to receive funds in the future, while the donors receive a lifetime stream of income.鈥

Unitrusts are tax-exempt entities, meaning property placed into the trust can be sold without incurring any capital gains tax. This estate planning method allows one to receive income from the trust during their lifetime, then at their death, the trust assets automatically pass to the beneficiary鈥攊n this case, the Athletics Department. As a former faculty member of the College, Dupuy knows that this contribution will provide many valuable resources for the athletics program.

鈥淧lanning for the future is important. We hope our gift, although not immediately available to spend, will be even more effective in the future,鈥 he said.

Dupuy decided to support the athletics program because of the general appeal of good college sports programs to prospective students and student-athletes.

鈥淗aving intercollegiate sports programs is important in attracting a student who wants to participate and/or watch,鈥 Dupuy said. 鈥淎lso, intercollegiate sports programs help foster school spirit and satisfaction.鈥

His gift will support the program by providing scholarships to recruit and retain academically and athletically-talented student-athletes, enhance game-day experiences for fans, update training equipment, support away game relate-expenses, and much more.

Dupuy hopes his gift will inspire others to consider alternative ways to contribute towards the College and create opportunities for raising matching funds.

Currently, Dupuy is enjoying his retirement on St. Simons Island. After his wife passed, he moved to Atlanta to be closer to extended family. He missed the coastal climate and lifestyle so much that he moved back to St. Simons in 2018. He met his now wife Joyce, and both go on walks with their two dogs, listen to music, and enjoy the island life.