Family philanthropy was the focus of two recent gatherings organized by Princeton's 1746 Society in San Francisco and Palo Alto. James ("Jay") Hughes Jr. '64, author of Family Wealth: Keeping It in the Family, spoke to Northern California alumni about how families and their advisers can preserve intellectual and financial assets across generations. Sarah E. Stein '97, president of Hall Capital Parners LLC, offered investment perspectives in San Francisco on March 4, and Victoria Paige Bailey '01, executive director and senior banker at J.P.
Gift Planning Stories
Three months into his freshman year at Princeton, Charles Allen ’45 was in his dorm room, enjoying a radio broadcast of a football game between the New York Giants and the Brooklyn Dodgers. Suddenly it was interrupted by a news report: The Japanese had bombed Pearl Harbor. Stunned, he realized his life was about to change.
“Monumental and positive change” at Princeton inspired Pierce Selwood ’61 and Alexis Fuerbringer Selwood to establish a charitable remainder trust that benefits Princeton and Smith College. Read their story, which includes a chance meeting with Jimmy Stewart.
Two members of the Class of 2018 are at Princeton because of charitable remainder trust gifts from members of the Class of ’31 and the Class of ’57. Meet the students who are grateful to alumni they will never meet.
In 1963, when Fernando Aenlle-Rocha was not quite two years old, his family left everything in Cuba and sailed to America. He became the first in his family to attend college. “Princeton transformed my life,” he said. “It began the process of opening my eyes to opportunities and the rest of the world.”
When Janet Morrison Clarke heard in 1969 that Princeton was going coed, she thought, “I might be able to get in.” Despite her guidance counselor's misgivings, Clarke applied and was admitted. It turned out to be a pivotal decision. “From the moment I set foot on campus, where I knew no one, it felt like a family,” she said.
Chas Dibble ’74 named the University as the beneficiary of his retirement plan, leaving a legacy for the next generation of students.
Princeton had such an impact on K-T Overbey ’89 that in her late twenties she named the University as a beneficiary in her will.
Shani Moore Weatherby ’02 considers the financial aid she received as an undergraduate both a “badge of honor” and the motivation behind her efforts to support Princeton, particularly its commitment to need-blind admission and a diverse campus community. “I can now give back,” she says, “because someone gave to me.”