Gift Planning Stories
When Harvard alumnus Jim Posner was choosing a graduate school, he decided on Princeton because “Princeton was flexible, welcoming, and encouraged individual goals.” It is the same flexibility and attention to individual circumstances that Posner found in Princeton’s Office of Gift Planning when he sought a way to show his “great appreciation” to the University.
Having an IRA has long been touted as a smart retirement strategy. But while IRAs provide tax benefits during their owners’ lifetimes, they can become a tax liability when they are passed on as an inheritance. The solution? Use the funds to make a charitable gift. That’s what Mark Krosse ’72 is doing for Princeton.
Three alumni -- Huyler Held ’47, H. Dwight Neill ’54, and Mary Deibel *76 -- chose to leave a legacy to Princeton by including the University in their estate plans as the beneficiary of their IRAs. Their support honors their connection to the University while making the experiences that were so important in their lives available to others.
Paul Sittenfeld ’69’s commitment to education inspires him to help others have the same experience. He and his wife, Betsy, created a Princeton charitable lead trust to further strengthen University bonds and assist their family.