Upload
doanh
View
213
Download
0
Embed Size (px)
Citation preview
Al Dewlen attended Baylor University his junioryear by virtue of a football scholarship, and although hewas only on campus for one year, the university left adeep impression upon him.
Though Al left school to serve in the Marine Corps in World War II, he passed on both his love
for football and for Baylor to his son, Mike, who graduated from Baylor with his bachelor of science
in physical education in 1967. Mike also played football for Baylor, and the Dewlens still keep up
with his teammates. While Mike planned to be a coach, he first enlisted in the Marine Corps,
serving as a lieutenant in the Vietnam War. Mike loved the
Marines and was considering a military career when he died in
the line of duty in 1968. Al, the author of six books and
numerous articles and short stories, wrote a piece reflecting on
Mike’s death that was picked up by Reader’s Digest. He used the
check from that publication to establish the Mike Dewlen
Endowed Memorial Athletic Scholarship at Baylor and made
regular contributions to the fund over the years. Now Al has
utilized a charitable gift annuity that will allow the scholarship to
grow, even after he is gone.
“I’m not going to be around to boast of him for very long, and
I simply wanted to perpetuate his name. I care about Baylor, and
Mike cared about Baylor, so it was the natural place for my gift
to go,” Al mused. “Mike would’ve been connected with people all
his life, whether he’d stayed in the Marine Corps as an officer or
if he was coaching. The development of people was his primary
interest, so a scholarship is appropriate for him.”
Al initially did not think about establishing a charitable gift
annuity to support the scholarship and was prepared to make an
outright gift. However, Al and his wife, Lucille, do enjoy the
benefits of receiving a monthly check now while knowing the
annuity will one day contribute to Mike’s scholarship.
“The first time I ever dreamed I’d be at Baylor was when I got
my football scholarship. I think part of people giving back is that
they’re the ones who got a scholarship to start with, and then
they’ve gone out and had some success,” Al said. “A lot of people
leave with a great deal of goodwill toward Baylor, so I think they
want to pay it back.”
In my interactions with Baylor alumni and friends,I never cease to be amazed by how much theycare about the university. So many people express
an interest in doing something to support Baylorand its students, yet they aren’t exactly sure how togo about doing so. And let’s be honest—noteveryone has a lump sum of cash they can afford topart with.
That’s what makes a charitable gift annuity soattractive—it allows you to invest in your own futurewhile also investing in the future of Baylor. Acharitable gift annuity is a simple contractualagreement that allows you to give assets to Baylor,and in exchange Baylor gives you fixed annualpayments for the remainder of your life. The conceptof a charitable gift annuity is two-fold—it allowsyou to support the causes and institutions that you
love most and provides you with the security of receiving income payments.In fact, a gift annuity can generally provide you with a higher return than mostfixed commercial vehicles such as money market funds, CDs and savingsaccounts. In addition to the benefit of receiving lifetime payments, there arenumerous tax advantages as well, such as a charitable deduction, income taxsavings and possible estate tax savings.
Charitable gift annuities were the ideal philanthropic solution for alumniJack and Charlotte Miller, Al Dewlen, and Elizabeth Parkhill Scott, all ofwhom utilized this life income gift to generate a steady income stream forthemselves while also supporting the university they love. And we shouldnever forget whose lives are impacted by thoughtful gift planning—thestudents of Baylor.
If you are wondering how a charitable gift annuity might work for you,glance over the annuity rates listed on the enclosed reply card. I encourage youto contact us with any questions you have about gift annuities and request ano obligation proposal. Alumni and friends who make planned gifts to theuniversity are making their mark on the history of Baylor, while also leaving alegacy for future generations of Baylor students.
Sincerely,
Larry SmithAssistant Vice President, Gift PlanningBaylor University
Old Main Society honors those who have committed deferred giftsto Baylor University. Members of Old Main Society receive aninvitation to an annual luncheon hosted by President John Lilley as wellas a framed print of Old Main. This is Baylor’s way of expressinggratitude for friends who paved the way for Baylor’s future success. Ifyou have made provisions for Baylor through a planned gift, pleaseallow us to extend our deepest gratitude and honor you as a member ofthis special group.
For information about how you can invest in the lives of Baylorstudents, contact our Office of Gift Planning.
OFFICE OF GIFT PLANNINGBaylor University Development
One Bear Place #97026Waco, TX 76798-7026Phone (254) 710-2561
or 1-800 Baylor-U, Option 4www.baylor.edu/giftplanning
We would like to recognize these new members, inducted into theSociety in spring 2006, for their gracious gifts:
Vivian Adams*, Taiwan Republic of China, ’71Dr. Mary Gehring Baker, Waco TX, ’43 John L. and Marilyn Leslie Bedwell, Norman OK, /’61 Ronald R. Bowden, Austin TX, ’68Ann Wilson Brown*, Waco TX, ’55Mr.* and Mrs. Zane Martin Busch, Nederland TX, ’80/’81Carl and Cynthia Campo, Reeds Spring MO, /’76Mr. and Mrs. William C. Carpenter**, Orlando FL, ’38/’38William Thomas Cox, Jr.*, Sulzbach/Frankfurt Germany, ’77William E. and Cynthia J. Dougherty, Waco TX, /’74Martha Webb Folmsbee, Jackson MI, ’56Pat Parchman Franklin, Germantown TN, ’64 Linda and Robert Gidel, Windermere FLMr. and Mrs. Larry J. Golden, Kingwood TXMr. and Mrs. David E. Guyer, Waco TX, /’98Tom and Melba Harken, Beaumont TXSarah Josephine Hildebrand*, Houston TX, ’32Curtis and Bettye Holland, Waco TX, ’68/’63Katherine E. Hughes*, Waco TX, ’31Dr. and Mrs. Richard Jackson, Greenwood IN, ABCDr. Kathleen Jones*, Little Rock AR, ’43Dr. and Mrs. Neal T. Jones, Sr., Springfield VA, ABCDon and Debby Jurgensen, China Spring TXMr.* and Mrs. G. H. Kelsoe, Jr., Dallas TX
Mrs. Sissie Lacy*, Taylor TXCharles V. Lee, Rowlett TX, ’61Judy Ann Ligon, Houston TX, ’74Elizabeth Little*, Austin TXGeraldine Livengood*, Lockhart TX, ’46Lynn Pendleton Lockwood, Fort Smith ARMr. and Mrs. Donald A. McLachlan, Georgetown TX, ’77/’78Dodi S. and Kim Manning, Shavano Park TX, ’76John Sarcone Martin, Stillwater OK, ’04Mr. and Mrs. G. Brian May, Burlingame CA, ’65Carole Adele Menefee, Houston TX, ’71 John and Shirley Meredith, Houston TX, ’88/ABCHope Ridings Miller*, Washington DC, ABCJack and Charlotte Miller, Chandler AZ, ’55/’58Kathleen Cole Nash*, Waco TX, ’37J. LeGrande and Cassandra Cobb Northcutt, Longview TX, ’58/’58Mr. and Mrs. Ernest L. O’Bannon, New Orleans LA, ’55/’55Dr.* and Mrs. Roy Donald Perry, Houston TX, ’59Dr. Martin W., Jr.* and Rosemary Pilgram, Bolivar PA, ’63Vera Morgan Porter, Waco TX, ’67Valla F. Robinson*, Winnsboro TX, ’40Mary Lois and Tom Sanders, The Villages FL, ’67Bill and Trudy* Sanders, Waco TX, /’76Melburn and Martha Sibley, Grapevine TX, ’57/ABCMr. and Mrs. Thomas C. Simerson, Frisco TX, ’91/’91Dr. and Mrs. Scott L. Tatum, Shreveport LA, ’41/’44Dr. William F. Thomas, Fort Worth TX, ’51Kathryn Byrd White, Arlington TX, ’59Robert Whitfield, Dallas TXLucille Thomas Wilson*, Chilton TX
* deceased
Larry Smith, BBA ’73, Assistant Vice President
for Gift Planning, andSusan Wommack, JD ’89,
Gift Planning Legal Counsel
BU
SIN
ES
SR
EP
LYM
AIL
FIR
ST-
CLA
SS
MA
ILP
ER
MIT
NO
.210
WA
CO
TX
PO
STA
GE
WIL
LB
EP
AID
BY
AD
DR
ES
SE
E
NO
PO
STA
GE
NE
CE
SS
AR
YIF
MA
ILE
DIN
TH
EU
NIT
ED
STA
TE
S
Bay
lor
Uni
vers
ityO
ffice
ofG
iftP
lann
ing
One
Bea
rP
lace
#970
26W
aco,
Texa
s76
798-
9989
BU
SIN
ES
SR
EP
LYM
AIL
FIR
ST-
CLA
SS
MA
ILP
ER
MIT
NO
.210
WA
CO
TX
PO
STA
GE
WIL
LB
EP
AID
BY
AD
DR
ES
SE
E
NO
PO
STA
GE
NE
CE
SS
AR
YIF
MA
ILE
DIN
TH
EU
NIT
ED
STA
TE
S
Bay
lor
Uni
vers
ityO
ffice
ofG
iftP
lann
ing
One
Bea
rP
lace
#970
26W
aco,
Texa
s76
798-
9989
Invest in your own future whileinvesting in the future of Baylor
Commemorating a Son, Celebrating Baylor
What are you passionate about?
One of the most enjoyable aspects of
planned giving is the opportunity it
provides you to decide how your gift
will be used. Designating your
deferred gift allows you to support
the areas of the university that are
most important to you. From
endowed scholarships to Baylor
athletics, from student life to the
libraries, you decide where, when
and how your deferred gift will be
used to support Baylor students.
Fold Here
AL AND LUCILLE DEWLEN
Waco, Texas
Iva (BA ’78, JD ’80) and Donald(BA ’77, JD ’79) McLachlan withPresident Lilley
Vera Porter (BA ’67)and President John Lilley
Bessie Baxter (BBA ’50),Kim Smith (BS ’75)and Joe Baxter (BBA ’49)
Ask Jack Miller, and he’ll tell you: “A charitablegift annuity just makes sense, but unfortunately, a lotof people don’t know about it,” the 1955 Baylorgraduate explained. “I see it as a way of paying back toBaylor what we received. You can have a vestedinterest in not only helping other people, but helpingyourself at the same time. There are ways to give backwithout taking a significant amount away from yourown plans.”
The concept is simple: a charitable gift annuity(CGA) is a gift that pays you (and an additionalannuitant, if you desire) a predetermined amount each yearfor life. The gift can be established with cash or securities,and in return you receive fixed payments for life.
Jack and his wife, Charlotte, recently established a charitablegift annuity, more than 50 years after theywere students at Baylor. Jack andCharlotte each had a short path to Baylor,as they both grew up in Waco. “From thetime I was quite young, I went to all theBaylor basketball, baseball and footballgames because my father sold tickets atthe games. So I have always followedBaylor in that way,” Jack recalled. “And mymother always hoped I’d go to Baylor.”
Jack was one of the first two students tomajor in statistics at Baylor, and heappreciates the customized learningopportunities this afforded him, such as the establishment of aninformal cooperative program. “It was a unique experience—interfacing with people and taking the knowledge and curriculumthat I’d learned and applying it. If you can do that when you’re ata university, then you have an extra jump on your competition in
the real world,” Jack explained.Although both graduates of Waco High, Charlotte and Jack
didn’t cross paths until they worked together in the registrar’soffice in Pat Neff Hall—she was a freshman and he was a junior.“My family probably could not have afforded to send me to
college, so I really never thought about it.But a high school counselor offered me ascholarship to Baylor and I took it,”Charlotte said. She went on to take fulladvantage of her college opportunity,majoring in education, English and Latin.Jack earned his bachelor of businessadministration degree in 1955, and the twowere married in Miller Chapel the samemonth. Charlotte then received her degreein 1958. “We have been very blessed—andBaylor is part of our blessing,” Charlottereflected.
Jack and Charlotte lived in several Texas cities after leavingBaylor, and in 1962 they settled in Arizona. “I can’t emphasize itenough—Baylor gave me enough self-confidence to step out onmy own and pioneer in several avenues, which worked out quitewell,” Jack said. His successful career has included various
If Baylor was instrumental
in your life, then I think the
charitable gift annuity provides
a valuable investment for the
future of Baylor, as well as
something you can benefit
from—a financial return for
you, your family, your spouse.
-JACK MILLER
Issue 27 • Summer 2006
One Bear Place #97026Waco, Texas 76798-7026
www.baylor.edu/giftplanning
Givea gift to provide forfuture generations ofBaylor students.
Receivea lifetime fixed incomeand a substantial taxsavings.
Since 1845, friends and alumni have givengenerous support to further the mission of Baylor
University. Your Charitable Gift Annuity willenhance your income while creating a gift of a
lifetime to Baylor.
SAMPLE GIFTANNUITY RATES
Age Ages
60 5.7% 60/60 5.4%
65 6.0% 65/65 5.6%
70 6.5% 70/70 5.9%
75 7.1% 75/75 6.3%
80 8.0% 80/80 6.9%
85 9.5% 85/85 7.9%
1 LIFE 2 LIFE
For more information, please complete and return thisresponse card or contact Larry Smith or Susan Wommack.
One Bear Place #97026Waco, Texas 76798-7026
(254) 710-2561 • 1-800-BAYLOR-U, option 4www.baylor.edu/giftplanning
Explore theUnique Benefits of a
This information will be held in complete confidence.There is no cost or obligation for this service.
Please fold to display business return address and tape to seal.
a publication for alumni and other friends of Baylor University
• Doing yourself and Baylor afinancial favor
• Honoring a hero throughplanned giving
Charitable Gift Annuityr Please send me a complimentary copy of:
r Better Estate Planning
r Charitable Bequests—How to Get the Most Out of Yours
r Charitable Gift Annuities—Guaranteed Payments for Life
r Charted Giving Plans
r Personal Financial Affairs Record
r I would like to receive specific information about the tax and financial rewards available through your gift annuity program for a gift of approximately $ with a lifetime fixed income. Birthdate:2nd Beneficiary Birthdate:
r I am considering making a planned gift to Baylor University. Please call me. The best time to call is a.m./p.m.
r I’ve already included Baylor in my estate plans.
Name:
Address:
City/State/Zip:
Telephone:
E-mail:
Making Sense While
Many alumni and friendswould like to find a way to support
Baylor, but they also need to ensurethat their own financial future will be
stable. So why don’t more peopleutilize creative gift planning vehicles toaccomplish both goals? And exactly how
does a charitable gift annuity allow you tohelp yourself and Baylor?
Address Service Requested
MAKING CENTS
continued from page 1
Fold second
Fold first
JACK (BBA ’55) AND CHARLOTTE (BA ’58) MILLER
entrepreneurial ventures, and Charlotte spent 20years as a secondary school teacher with a specialeducation emphasis.
Though the Millers have lived far fromWaco for several decades, Baylor still is closeto their hearts, leading them to investigatedifferent ways they could give. “We wanted todo something for Baylor because we felt weowed Baylor the return of everything wereceived there—getting to know each otherhere on campus, our marriage, our daughterattending Baylor,” Jack explained. “With the
charitable gift annuity, if I go first, it givesCharlotte the opportunity to have a monetaryvalue there as long as she’s alive. Yet, we knowit will help Baylor once we are gone.”
Jack and Charlotte knew they wanted todesignate their gift to support one of their fields,either business or education. “Not knowing whatthe future of education holds, we thought thatperhaps that might be more important tosupport,” he said. So they established the Jack S.and Charlotte B. Miller Endowed ScholarshipFund in the School of Education, which will be
funded through their CGA.“If Baylor was instrumental in your life, then
I think the charitable gift annuity provides avaluable investment for the future of Baylor, aswell as something you can benefit from—afinancial return for you, your family, yourspouse,” Jack said. “We think it’s vital for BaylorUniversity to continue in ways of its past and, atthe same time, be ready for the future. You canchange your techniques, but your principles havegot to remain the same.”
“
”
continued on back page
FOR MORE INFORMATION ON LEAVING YOUR OWN BAYLOR LEGACY, PLEASE CALL: OFFICE OF GIFT PLANNING, 1-800-BAYLOR-U, OPT. 4 OR (254) 710-2561.
WHERE WILL YOU PLACE YOUR NAME IN BAYLOR’S HISTORY?