Although Massachusetts is home base for William H. Godson III ’51, he has spent much of his life seeing the world far beyond New England’s borders. His wanderlust began when he was very young, and his father, an officer in the U.S. Navy, took his family to spend summers in Turkey.
Gift Planning Stories
The fondness prominent international relations scholar Brooks Emeny ’24 had for Princeton has extended long past his lifetime, eventually resulting in a substantial bequest to benefit future generations of students in his field.
Dr. Jerome W. Canter ’52 made an investment in Princeton by establishing a charitable remainder unitrust, which allows donors to make a significant gift and receive payments back for life or for a specified term.
While visiting the Keller Center for Innovation in Engineering Education, James C. Gerber ’82 learned about the opportunities it offers undergraduates to flex their entrepreneurial muscles.
Charitable remainder unitrusts (CRUTs) can be excellent sources of income in retirement for donors or their friends and families.
As a direct descendant of patriot Patrick Henry, Margaret Penick Nuttle P63 had a deep interest in honoring the memory of her American Revolution-era ancestor who is best known for his 1775 speech that ended with the phrase, “Give me liberty, or give me death.”
In 1953 Hugh L. Adams set up a trust for his son, Hugh Trumbull Adams ’35, that included a bequest to his son’s alma mater. When Adams ’35 died in October 2009 and the bequest was realized, Princeton received a 40 percent income interest in a $40 million perpetual trust.
The late Frederick H. Schultz ’51 established a charitable trust more than 25 years ago. It was a reliable source of income for him, and when he died in 2009 the payments passed to his wife, Nancy R. Schultz.
When the Very Rev. Margaret P. Patterson P94 P98 P98 established a charitable remainder trust in 2000, she designated her gift for the creation of the Patterson Family Endowed Student Aid Fund, in honor of her children—Elizabeth Patterson ’94 (whose husband is classmate R. Adrian Clarke), Harriet A. Patterson ’98, and J. Dwight Patterson Jr. ’98.