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.
Charitable Remainder Trusts
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.
Charles Gillispie, Princeton’s Dayton-Stockton Professor of History Emeritus, epitomized the qualities associated with an ideal professor: rigorous scholarship and a devotion to students.
As a retired physician and professor of medicine, Gordon Douglas ’55 has long known about the links between diet and catastrophic illnesses such as stroke and heart disease. His own bout with high cholesterol prompted him to stop eating meat, which solved the problem and made him think more deeply about food and health.
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.
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.
Peter Trent ’54 has more in common with today’s students than a penchant for orange and black. The scholarship he created allows him to extend a helping hand to an undergraduate each year -- just as one was extended to him.