The memories Douglas G. G. Levick III ’58 holds of Princeton are an accumulation of moments: riding his bicycle across campus on his way to and from school as a seventh and eighth grader, pausing sometimes to watch sports practices; spending afternoons in engineering labs and evenings in Firestone Library, where he commandeered a study carrel (supposedly for seniors only, but he learned how to jimmy the door of one, to open it with a spoon); reveling in hard fought victories in hockey and lacrosse (where he earned first team All-American honors two years).
Princeton’s Office of Gift Planning hosted a special event in October for financial planners, wealth managers, and trust and estate counsel, featuring presentations by Charles D. “Skip” Fox IV ’75, Jennifer Jordan McCall ’78, and James “Jay” Hughes Jr. ’64 on tax reform and relationship issues related to legacy planning.
A special event for financial planners, wealth managers, and trust and estate counsel featuring presentations by Charles D. "Skip" Fox IV '75, Jennifer Jordan McCall '78, and James "Jay" Hughes Jr. '64 on tax reform and relationship issues related to legacy planning.
December 2017 brought the most significant overhaul of the U.S. tax code since 1986, with profound impact on individuals, trusts, estates, and businesses-at least until 2025 when key provisions may expire. Princeton’s Office of Gift Planning hosted a breakfast for 1746 Society members at Reunions that featured a panel of Princetonian experts discussing recent changes in taxes and what they mean for individuals, trusts, and estates.
Princeton’s Office of Gift Planning hosted a breakfast for 1746 Society members at Reunions that featured a panel of Princetonian experts—Charles D. “Skip” Fox IV ’75, Jennifer Jordan McCall ’78, Howard “Scott” McCue III ’68, and moderator Richard Rampell ’74—discussing recent changes in taxes and what they mean for individuals, trusts, and estates.
In addition to providing generous support, life income gifts can diversify your portfolio, increase your income, reduce or defer capital gains tax, and provide a federal income tax deduction. Donors often use the payments to fund their annual gift to the University, or to support a University priority during their lifetime. Beginning with their 50th Reunion, alumni can make their gift in this form through the Annual Giving Legacy program and receive class credit.
In a nearly 50-year career, William D. Zabel ’58 has earned legendary status among estate and tax planners for his work with high-net-worth individuals. His client list includes names ranging from Annenberg to Chrysler to Soros. Zabel shared his wisdom with alumni at Reunions 2017.
As his 50th Reunion approached, Bill Paternotte ’67 thought, “I want to make a tangible statement of what Princeton has meant to me.” But how? When he learned a life income gift to Princeton would also be counted as a contribution to Annual Giving through a new program, thereby adding to his class’s legacy, he found his answer.
Chances are, when you went to Princeton, your interaction with professors went well beyond the classroom and office hours. The same teacher-scholars who are at the pinnacle of their professions and break new ground in their fields of study also work closely with undergraduates as mentors, advisors, and colleagues.
Edward C. (Ted) Taylor, Sir W. Arthur Lewis, and Froma Zeitlin are three of Princeton’s most accomplished and honored professors. Their dedication to students matches their contributions to their disciplines.