From Monetary Chaos to Philanthropic Readability: The Legacy of Sue and Paul Slater

When Sue Slater, aided by youngsters Scott and Sara, sought out Mission Wealth’s experience, her purpose was clear: to rework her monetary complexities right into a extra streamlined and simplified monetary plan and align this plan to be a strong pressure for good in her communities. This text shares her story, from monetary confusion to a long-lasting legacy of giving, guided by her son Scott Slater, and our Director of Philanthropic Technique and Sue’s then Wealth Advisor, Amanda Thomas.

Unraveling Complexity to Craft a Legacy

Sue Slater along with her youngsters, Scott and Sara.

After the passing of her beloved husband Paul in 2015, Sue Slater discovered herself managing a bewildering array of economic accounts and obligations. Decided to see his spirit of generosity proceed, she turned to Mission Wealth, drawn by our popularity for empowering ladies buyers throughout life transitions by means of tailor-made monetary recommendation.

Amanda understood the essence of Sue’s aspirations and the complexity of her monetary panorama. “Sue was a giving particular person and tended to present small quantities to a number of charities, but we had conversations about desirous to make a extra significant affect in her hometown of Bronxville, NY,” Amanda recollects. “She had over 20-something particular person funding accounts and in addition wanted readability on what she might afford to present whereas sustaining her life-style.”

Strategic Philanthropy in Motion

Below Mission Wealth’s steerage and the enter of Sue’s son, Scott, her monetary state of affairs was streamlined into an organized, strategic philanthropic plan. Initially, Sue’s want was to depart cash in her late husband’s identify, however after she handed, as a legacy present. This charitable giving initiative developed right into a plan whereas she was dwelling, and concerned establishing a donor-advised fund, which not solely simplified her giving but in addition optimized her tax place, maximizing the affect of her donations.

Paul and Sue Slater married in April 1951 on the Reformed Church of Bronxville.

The primary of some transformative items Sue made was in 2019 to the couple’s childhood and household church, the Reformed Church of Bronxville. Paul was a longtime Sunday college instructor in addition to a group chief, Mayor, and member of the Consistory, and Sue was a lifelong volunteer for the Sunday college and nursery, so this appeared an excellent match for the household’s first philanthropic venture. Sue’s generosity funded the renovation of the church’s youth suite, now renamed the C. Paul Slater & Susan Stone Slater Pupil Ministries Middle.

This new heart included up to date services and devoted areas for youth training and fellowship, reflecting the couple’s deep dedication to nurturing future generations. The middle was accomplished through the pandemic in 2020, and since reopening the church has seen an enormous uptick of scholar involvement within the youth applications on the heart and it has turn into accessible to the close by junior and highschool college students.

This venture inspired others to present on the church as effectively, and Sue was decided to proceed her renewed confidence in charitable giving initiatives. Sue additionally funded a renovation venture of the nursing and youth rooms on the Albany Vermont United Methodist Church, a small church in a small northern Vermont group, and the El Montecito Presbyterian Church renovation of two loos as half of a bigger basement rework.

The Influence of Considerate Giving

Sue faithfully tuned into the church’s stay broadcasts each Sunday at her retirement dwelling in Montecito, CA.

Scott Slater displays on his mom’s philanthropic journey: “The work with Mission Wealth remodeled not simply Mother’s funds however her total outlook on what she might accomplish. Seeing the real-life affect of her contributions has been extremely fulfilling for her and our household.”

The Slaters’ story is a strong reminder of how structured monetary planning can lengthen past particular person profit to group transformation.

In January 2024, shortly after her 95^th birthday, Sue Slater peacefully left this earth along with her household by her facet. The legacy of Sue and Paul will stay on, influencing numerous lives by means of initiatives that promote training and fellowship.

How You Can Create Your Legacy 

For these impressed by Sue’s story, contemplate how structured philanthropic planning can profit your monetary objectives and group. Beginning with a complimentary discovery name, our wealth advisors at Mission Wealth may help delineate your philanthropic goals and implement tax-efficient methods like donor-advised funds. This method not solely offers rapid tax advantages but in addition means that you can help the causes you care about most over time.

In celebrating Sue and Paul Slater’s life and legacy, we acknowledge the profound affect that considerate planning can have. It’s not nearly creating wealth however about making a distinction. At Mission Wealth, we’re dedicated to serving to our shoppers discover how their monetary assets can do exactly that. Be a part of us to begin your journey in the direction of impactful giving.

Testimonial and Endorsements Disclosure: This story was offered and authorised by a present shopper of the agency. No compensation was offered instantly or not directly and no materials conflicts of curiosity exist.