“This is not a one-time gift — it extends in perpetuity. My gift will memorialize my father’s legacy, while providing others the opportunity to experience a William & Mary education.” – Heather Hollowell ’76

“Why do I give? My dad, John W. Hollowell ’43, was one of the most principled and humble people I’ve known. He didn’t have much growing up in Deep Creek, Virginia, and he had to work his way through William & Mary. Thanks to his tenacity, he graduated early and went on to have a successful career. I want to ensure the experience my family had at W&M is accessible to all future students.

Attending William & Mary offers a sense of being part of a continuum of time — reflecting on what came before us while looking to the future. Dad created a legacy in honor of his sister, Mary Louise Hollowell ’35, through an estate gift to William & Mary, and I wanted to do the same to honor him. That’s why I established the John W. Hollowell Scholarship Endowment through my estate, to allow the next generation of students to access meaningful opportunities without burden. My family’s legacy will be part of William & Mary history forever.”

“We want the next generation of teachers to make a difference in the world — our gift creates a ripple effect for all time coming.” – Ralph L. “Chip” Crews ’71, P ’08 and Rebecca “Becky” Deans Crews ’73, P ’08

“Why do we give? Everyone remembers their great teachers — that’s the fulfilling part of teaching, knowing you’ve made an impact. The impact Becky made as a teacher and school librarian inspired her lifelong passion for education. Now, we are fortunate enough to help others discover that same passion.

Our goal is to make sure that everyone who aspires to be an educator has that opportunity. We established the Chip and Becky Deans Crews Family Scholarship Endowment using qualified charitable distributions (QCDs) from our retirement plan and our estate plans will increase our scholarship’s impact. Our family’s legacy will reduce the financial burden for education professionals for all time coming.

A good teacher touches many lives — there is a ripple effect that impacts students and our communities for the better. Our success in life is thanks to our time at W&M, and we want to see our alma mater provide those opportunities for future generations. We are paying it forward so others can do the same.”

“Once you find your passions, fund your passions — it is up to us to provide opportunities for the next generation to thrive.” – W. Marshall Miller II ’75

“Why do I give? My passion for William & Mary Athletics began in 1965 with the first basketball game I watched on TV with my dad, Warren M. Miller ’49. I want to pay tribute to our shared love for Tribe Basketball while also separately honoring his 50-year legacy as a CPA and ethical professional. My dad’s career and my success are thanks in part to our W&M education — I want to encourage others to follow in his footsteps at the business school and beyond. Seeing accounting students benefit from the scholarship in his name and watching the team thrive on the court are both meaningful to me. By increasing the impact of my current support through my estate plans, I am providing greater opportunities for future generations. I think the people who are successful in life need to give back to help others. Give where you can have an impact today — and support those you want to see flourish in the future.”

“William & Mary nurtured my passions and gave me the confidence to succeed — it’s now my turn to help provide that same opportunity to others.” – Ann Ruble ’77

Why do I give? My William & Mary experience taught me to think, to write and to communicate. All those things together created a very clear through line to establishing my career and being successful.

I was inspired by my parents’ generosity supporting higher education, which is why I have established a scholarship through my estate plans to honor them. Future generations of students should be able to experience the same depth and richness of a William & Mary education, as I did, with the least amount of debt. I don’t want anyone to alter their dreams because they can’t afford to dream big.

To me, once you understand the value of a William & Mary education, it feels natural to give back. I always encourage people to start small, be consistent and increase over time. If you got anything out of your time here — if you found your Tribe — isn’t that worth something?”

“We feel like W&M has given our family so much and it is our responsibility to give back with interest.” – Kirsten Caister Elim ’90, P ’21 and Marc Elim ’88, P ’21

Why do we give? Kirsten and I have always believed that you get out of life what you put into it. To maintain William & Mary’s level of excellence, it takes individuals to step forward and contribute.

Both my parents are heroes to me. After my dad passed away in 2020, we wanted to do something to honor his incredible legacy. He loved W&M so establishing an endowment to support international students as a tribute to him by including the university as a percentage beneficiary of my retirement plan seemed like the perfect fit.

We are very fortunate to be in the position to help make a better life for others. Sometimes in life we look back and wish we had done more and given more of ourselves. Legacy planning allows everyone to make an impact not just for today, tomorrow or the next few years, but for centuries to come.”

“The impact William & Mary has had in my life is more than I ever could have imagined.” – Janet McNulty Osborn '85

“Why do I give? As a student at William & Mary, I saw first-hand how an unexpected financial challenge can impact a fellow student’s ability to continue their education. Several years ago I established an emergency fund to help students — never guessing how important it would be during the pandemic.

For me, giving back is a profound way to be thankful for the lifelong connections I’ve made, and continue to make, through William & Mary. It gives me great joy to know that my support through my estate plans will have an even greater impact.

There is never a perfect time to take the first step in establishing your future legacy. But once you do, you will be amazed with how different you feel knowing you are on the path to helping others and changing lives.”

“William & Mary has accomplished extraordinary things during its rich history. Through our estate plans, we are investing in the university’s promising future.” — James D. Penny J.D. ’83 and Pamela Jordan Penny ’77, HON J.D. ’16

"Why do we give? William & Mary is a treasure for the country and the Commonwealth of Virginia. It has been incredibly important to both our careers, providing us with the education we needed to succeed. We want William & Mary to keep flourishing and growing by attracting highly qualified students and faculty, which is why we are investing in its future.

To continue to excel, William & Mary can’t remain static. Although we don’t know exactly what the university will need 20 years from now, we do know our long-term support can help ensure William & Mary has the resources it needs to remain on the leading edge, whatever that edge may be. That’s why, in addition to our annual giving, we have included William & Mary in our estate plans. We want to give others the same bright future we have had thanks to our William & Mary educations.”

“William & Mary has given me so much, I want to pass it down the line. It’s important for the future of the university.” — Betsy Calvo Anderson ’70, HON J.D. ’15, P ’00

"Why do I give? I feel lucky to have a unique perspective on William & Mary. As a former trustee for the Alumni Association and William & Mary Law School boards and current member of the Muscarelle Museum of Art Foundation board, I’ve seen first-hand the resources and commitment it takes to keep William & Mary on the leading edge of higher education — and how diligently the university puts our contributions to work.

My late husband, Alvin ’70, J.D. ’72, would be happy to know that in addition to continuing our more than 40-year legacy of annual giving, I’ve included our alma mater in my estate plans. Although I never could have imagined when I arrived on campus at age 18 what an enormous impact William & Mary would have on my life, I also couldn’t have imagined the opportunity I would have to positively influence the lives of others.”

“Art is important because it enriches the mind, body and spirit. Not everyone can travel to visit premier museums across the world, but everyone can experience the joy of culture, music and art as part of their William & Mary experience.” — Julian Fore ’71 ’71

“Why do I share? Scholarships made it possible for me to attend William & Mary and study at St Andrews my junior year, where I was introduced to the world of fine art. I believe that knowledge and appreciation for the arts are essential for all people. William & Mary afforded me the opportunity of a lifetime, which is why I included my alma mater in my estate plans. Through my gift to the Muscarelle Museum of Art, I would like future generations of William & Mary students to use my art collection as a tool for learning. Perhaps some may even develop a lifelong passion for the arts, as I have."

“With long-term planning, we can support something we are passionate about forever.” — Howard Busbee ’65, J.D. ’67, M.L.T. ’68, P ’90, P ’04 and Mary Whitt Busbee HON ’03, P ’90, P ’04

“Why do we give? As the world continues to change at unprecedented rates, it is our connection to the things we hold close that makes a difference. For us, family, friends and William & Mary top that list. In so many ways, William & Mary has played a defining role in our lives throughout the years. We are forever thankful for the life-long connections we’ve made and the opportunities to give back to this exceptional place.

As we have learned more about the needs as well as the strengths of our university, it has never been more important for us to provide for and protect the institution we love. That’s why, in addition to our annual giving, we have included William & Mary as a beneficiary of our estate. We are proud and honored to know that our gift creates a legacy of support that will benefit future students in a permanent way.”

“ Because we’ve been successful, we have a responsibility to help others be successful. ” — Charlotte Chang

Why do I give? As immigrants to this great nation, my husband Ming and I worked hard and achieved the American dream. After he graduated from William & Mary, Ming built a successful naval career and became the first naturalized Asian-American to be selected as an admiral in the U.S. Navy. Now it is our turn to help others achieve success, just as so many had helped us.

Over the years, Ming’s profound experience at William & Mary remained an important part of his life. With gratitude, we established a bequest to the university in our will. After Ming passed away, I decided to move forward with the commitment to establish the Donald C. Chang Scholarship Endowment, in memory of our son. I’m thrilled to make a more immediate difference and to see our support put to even greater use now.”

“ I feel humbled by the opportunity to honor someone I loved while making a positive impact for William & Mary.” — Cory English

Why do I give? Everyone has their own story for why they give. Mine starts with my courageous wife whom I lost to cancer eight years ago. She was my best friend and my hero and I wanted to mark her presence in a positive way. For me, giving to William & Mary seemed like the most obvious thing to do.

Through leading a laboratory design firm, I worked closely with the university’s faculty and saw first-hand the remarkable collaborative research they undertake with students. This inspired me to establish the English-Stonehouse Fellowship. Every year, I meet the recipients and see the hands-on impact of my giving. I’ve been so impressed that I also chose to include William & Mary in my estate. Knowing that my support will continue to benefit this program and honor my wife after I am gone means a great deal.”

“Universities are where the future is formed through passion and creativity. Ideas and innovation require private support to flourish.”   — Prof. Debbie Bronk, Moses D. Nunnally Distinguished Professor of Marine Science

Debbie Bronk knew at an early age that she wanted to study the ocean like Jacques Cousteau. “When I was six years old,” she recalls, “I started collecting sea shells; I still have the collection. I take it with me when I talk to school kids.”

Debbie is proud to be a faculty member at William & Mary’s Virginia Institute of Marine Science (VIMS), where she notes, “We excel at translating our growing knowledge into solutions to real-world problems.”

By supporting VIMS through her estate plan, Debbie is doing her part to assure that this critical work will continue to move forward.  “I’m happy knowing I will be helping the next generation of students build a life in science and make the world a better place to live.” And as far as Debbie is concerned, there is no better gift than that.

“You don't have to wait - you can make a difference now and in the future.”
— Glenne Harding ’65

As the first female division controller at Hewlett Packard, Glenne Harding ’65 spent her career breaking down the glass ceiling. When she retired, she turned her focus and her energy on giving back to William & Mary.

Glenne cares deeply about her alma mater — that's why she named the university as a beneficiary of her Individual Retirement Accounts. The IRAs provide a source of income, and someday, the proceeds will benefit the Glenmore H. Harding Endowed Scholarship to support out-of- state students with financial need.

She is also taking advantage of the IRA Charitable Rollover allowing anyone 70 ½ or older to transfer funds directly from IRAs to the university. Better yet, the transfers count toward her required minimum distribution and do not increase her taxable income. Glenne is delighted, saying, “This way, I can establish my scholarship now, and I might actually meet some of the recipients.”

“We hope our endowment will help the students and faculty at VIMS continue their important work.”
—Anne Winslow Whitehurst ’69, M.Ed. ’72 and Milton Cloud

“I remember cleaning test tubes for my biology professor who was conducting research over on the Gloucester campus,” says Win Whitehurst of her earliest memory of the Virginia Institute of Marine Science. “It was only later in life that I came to understand the importance of their work to the health and conservation of our rivers and the Chesapeake Bay.” Win’s husband, Milton Cloud, shares her appreciation of VIMS and its valuable mission.

When the couple began to consider their estate plans, they decided to establish a permanent endowment to support VIMS and the School of Marine Science. They also made a provision for Milton’s alma mater, Westminster Choir College.

With their estate plans in good order, Win and Milton hope to have more opportunities to visit the VIMS campus including, of course, some time aboard the Bay Eagle.

“It's a good feeling when you can help your family and William & Mary at the same time.”
— Kermit A. Buntrock M.B.A ’94

When Kermit Buntrock began to consider his charitable plans, he was interested in a vehicle that would provide income to his sister, Ann, and a future gift to William & Mary. Working with the Gift Planning Office, he established a charitable remainder trust that provides income to Ann for her life. Kermit received a current income tax deduction and also saved capital gains tax.

The future proceeds from the trust will support the Mason School of Business. “I had some outstanding professors who gave me some valuable perspectives and insights on my growing business,” he explains. With his charitable plans in good order, Kermit has more time to enjoy some of Williamsburg’s many fine golf courses, which, he says, “I do as often as I can.”

“Establishing our trusts with William & Mary has been a good decision for our entire family.”
— John and Virginia Wierum Bennett ’48

When John and Virginia Bennett began to consider their charitable plans, they were interested in a vehicle that would support their busy retirement while providing a future gift to William & Mary. Working with the Gift Planning Office, the couple established two charitable trusts. One trust provides a fixed income while the other trust provides a variable income that may grow over time.

The Bennetts are using a portion of their income payments from the trusts to help their grandchildren. “This was one of the best decisions we ever made,” says “Wicky” as she is known to her classmates. John agrees. With their charitable plans in good order, John and Virginia have more time to enjoy their retirement years, including frequent visits with their family. The future proceeds from their trusts will be used to establish permanent endowments, bene ting students and faculty in perpetuity.

“Our gift annuity was a great way to support Bunny's 50th Reunion while enhancing our retirement income.”
— Jim and Ellen Neff ’61

“We left William & Mary with more than just a great education and wonderful memories— we left together.”
— Stephen ’71 and Linda Zuber ’71 Mitchell

Since that first day they met in freshman math class, Steve and Linda Mitchell have shared many lasting memories of their college years. As time has passed, their appreciation for William & Mary has only deepened. Like many, they were looking for a way to commemorate this special time and place in their lives.

With assistance from the Gift Planning Office, the Mitchells made a provision for the College in their wills. Their bequest will establish an unrestricted endowment to meet the most pressing needs of William & Mary in the future. Now that Steve and Linda have completed their estate plans, it looks like it’s smooth sailing.

“The charitable gift annuity helped us achieve all of our goals. This was the perfect plan for us.”
—Mitchell and Lois Byrd

When you think about Mitchell and Lois Byrd, commitment and dedication are words that come to mind. The couple has a combined 83 years of service to William & Mary. Lois started in the office of continuing studies in 1966, then worked in the College's health center until retiring in 1991. Mitchell, an ornithologist and one of the nation's foremost experts on the peregrine falcon, taught in the biology department for 36 years until his retirement in 1992. He then went on to establish the Center for Conservation Biology with Bryan Watts in 1992. Today, the “Byrd Man” as he is affectionately known, remains involved with the Center's activities, including the annual bald eagle census flights each spring.

When the couple began to consider their charitable plans, naturally William & Mary came to mind. With assistance from the Gift Planning Office, Mitchell and Lois established a charitable gift annuity, one of the oldest and most popular vehicles for those seeking a steady, dependable income during retirement. In exchange for their tax-deductible gift, they receive fixed, annual payments for life. These payments will never vary and are backed by the full faith and credit of the College of William & Mary Foundation. A portion of each payment is tax-free.

Mitchell and Lois were so pleased with their gift annuity, they established a second one several months later. The future proceeds from their gift annuities will support the Center for Conservation Biology.

“When I started thinking about my charitable plans, I had several goals in mind. With this plan, I accomplished them all.”
— Laura Weaver Sullivan ’83

With an active career that she enjoys, Laura Sullivan doesn't have plans to retire any time soon. But like many at this stage in life, Laura was interested in a charitable plan that would save taxes now while she is working, then provide income later when she has retired. And she wanted to combine these benefits with a future gift to William & Mary.

Working with the Gift Planning Office, Laura found the perfect charitable plan: a deferred payment gift annuity. In exchange for her gift to William & Mary, Laura received a charitable deduction which saved income taxes. The annuity payments are deferred until she retires and then will continue for her life, backed by the full faith and credit of the College of William & Mary Foundation. The future proceeds from her deferred gift annuity will support Intercollegiate Athletics and the Modern Languages and Literatures Department.

“William & Mary opened my eyes, enriched my mind, and set my life on a rewarding and successful course. I hope my scholarship will give others the opportunity I had.”
— Donald Sweig ’73 Ph.D. ’82

Donald Sweig spends a lot of time in some beautiful places. An avid birder and nature photographer for many years, he's had more time to indulge his passions since retiring in 2002.

While gazing through the camera lens, Donald started looking back on his life and how William & Mary helped shape it. As he began to consider his estate plans, he wanted to help future generations benefit from scholarships just as he did. With assistance from the Gift Planning Office, Donald included a bequest in his will to support graduate students in history.

“I owe a lot to William & Mary”, says Donald. “It's an integral part of my life story.”

“This was just the right time in our lives. We really feel good about this."
— Rik ’78 and Carrie Hanley

Rik and Carrie Hanley seem to make all the right moves. With two careers that allow them the flexibility to live wherever they choose, they chose to make their home in Williamsburg a few years ago. Rik has many good memories from his student days and now he and Carrie are creating new ones as they discover all that the Williamsburg community has to offer.

Though the couple moved quickly to engage with William & Mary from the time they first arrived, “it was actually our financial advisor Rick Overy ’88 who first suggested we consider the College in our estate plans”, explains Rik. “He's an alumnus too, so naturally the conversation turned to William & Mary.” With assistance from the Gift Planning Office, the Hanleys made a provision in their living trust that will establish permanent endowments to support scholarships and the Muscarelle Museum.

Now that's a good move for Rik, Carrie, and future generations.

“Naming William & Mary beneficiary of my IRA was an easy way to accomplish my plans. The Gift Planning staff helped me every step of the way.”
— Michael S. Smith ’73

From the moment Mike Smith first stepped on campus for summer band camp as a high school student, he knew he was destined to make music at William & Mary. Naturally, Mike continued with band throughout college, assisting legendary Band Director Charles Varner with the summer band camps where he earned the nickname “Captain Clarinet.” He's maintained a lifelong connection through the Alumni Band, joining his former bandmates and others to perform at Homecoming halftime shows.

When Mike began to consider his estate plans, he wanted to commemorate the wonderful experience he had in the William & Mary Band and to help preserve and strengthen this experience for those who will follow. So Mike contacted the Gift Planning Office for proper language for his IRA beneficiary form. His bequest will establish a permanent endowment to help ensure that for future generations of William & Mary students, alumni, friends, and fans, the band will indeed play on.

“This was the right plan for us in so many ways. And we're looking forward to seeing the impact of our gift in a few years.”
— David & Marjolane Kranbuehl

As a chemist, David Kranbuehl knows the importance of choosing the right formula to achieve the best results. When David's retirement approached, he and Marjolane were interested in a charitable plan that would enhance their income while providing a future gift to William & Mary where David taught in the chemistry department for more than 40 years.

Working with the Gift Planning Office, the Kranbuehls established a charitable remainder trust that pays income to them for 10 years, then distributes the remaining assets to William & Mary. In choosing the term of years option for their trust payments, the couple received a larger income tax deduction which saved income taxes. And since they funded the trust with appreciated securities, they also saved capital gains tax. They can also add to their trust at any time to increase the value which in turn will increase the amount of income they receive.

When the trust ends, the proceeds will be used to establish permanent endowments in support of the modern languages and chemistry departments.

Now that's a good formula for good planning.

“The charitable gift annuity was just the right plan at just the right time in my life. I couldn’t be more pleased with my decision.”
— Sarah Siegenthaler Lichtenstein ’63

Throughout her life, Sally Lichtenstein has often consulted her older brother, Pete Siegenthaler ’61 on many important decisions. “One of the earliest examples of Pete’s good advice was to attend William & Mary, which I did, a couple of years behind him”, notes Sally.

So when Sally began to consider her charitable plans, naturally she talked them over with Pete. After considering a number of options, “we kept coming back to a William & Mary Gift Annuity,” she says. In exchange for her gift, Sally receives fixed annual payments for life which will never vary and are backed by the full faith and credit of the College of William & Mary Foundation. Sally also saved income taxes and capital gains taxes. Best of all, the future proceeds from Sally’s gift annuity will be used to establish a permanent scholarship endowment.

We couldn’t pull Pete in the picture but he’s smiling just off camera. And waiting to go out and celebrate Sally’s good charitable planning.

“We're delighted to help the School of Education grow today, tomorrow and in the future.”
— Ken (Honorary Alumnus ’12) and Judi Urian Lownes ’60

Ken and Judi Lownes have always shared a passion for helping to beautify the world around them. When Ken sold his landscaping business, the couple moved to Williamsburg and both soon became involved with the School of Education. This led to Ken's generous offer to help beautify the School's new facility with a variety of attractive indoor plants which he faithfully maintains on a weekly schedule (yes, those are a few of his selections in the photo awaiting their new home any day now).

When Ken and Judi began to consider their estate plans, they wanted to help the School of Education continue to grow in the future. With assistance from the Gift Planning Office, they made a provision to establish a permanent endowment for the perpetual support of the School of Education.

With their estate plans in good order, it looks like things are "growing well" for Ken, Judi, and William & Mary's School of Education.

“It's wonderful to see students benefiting from our endowment today … and to know that even more will benefit in the future.”
— Bruce ’71 and Susan Holbrook

Bruce Holbrook has never been shy about encouraging his William & Mary clients to consider the College in their charitable planning. And like every good accountant, he will undoubtedly point out the tax benefits. But give him a minute more and he'll tell you how much he and Suzie have enjoyed seeing students benefit from the Holbrook Family Endowment they established several years ago in the Mason School of Business.

So naturally when the couple began to consider their estate plans, they wanted to help their endowment grow even more in the future. They contacted the Gift Planning Office for proper bequest language, then put their plans in place.

Now Bruce says he has something else to talk with his clients about.

“Giving our rental property was an enjoyable experience from start to finish.”
— Jim ’65 and Barbara Lewis Korman ’66

When Jim and Babs Korman decided to contribute one of their rental properties to William & Mary, they were pleased with how well everything came together. The Gift Planning Office helped guide them through the process every step of the way. The College's Real Estate Foundation handled all the details of listing and selling the property.

This left Jim and Babs with more time to focus on the most important detail of all: benefiting William & Mary. After considering a number of options, the couple decided to designate the sale proceeds for need-based scholarships. “We can't imagine a better use for our condo than helping students attend William & Mary,” the Kormans agree. Jim says giving their condo was as much fun as he and Babs had in college. Well, almost.

“Thinking about the past is what really inspired me to think about the future.”
— Jacqueline R. Fleming ’62

My class reunions have always been wonderful occasions to look back on a special time and place in my life”, says Jackie Fleming. “This time, I decided to look forward, too.”

As Jackie's 50th Class Reunion approached, she began to think about her estate plans. She wanted to commemorate her special ties to William & Mary in a way that would support future generations.

Working with the Gift Planning Office, Jackie made a bequest in her will to establish a permanent endowment. The annual income from her endowment will support student and faculty research in perpetuity, which, Jackie agrees, is a very long time.

“The charitable gift annuity was a perfect way to bring my charitable and financial plans together.”
— Mary L. Murphy C.A.S.E. ’78, Ed.D. ’82

As a retired teacher and elementary school principal, Mary Murphy knows the importance of preparing future generations of educational leaders. For several years now, her annual gifts have helped support graduate students in the School of Education's Policy, Planning and Leadership program.

When Mary began to consider other ways to support William & Mary, she was interested in a charitable plan that would provide current income and a future gift to help endow her annual scholarship. Mary was familiar with the charitable gift annuity since a friend had established one with her alma mater several years ago.

Working with the Gift Planning Office, Mary established a charitable gift annuity that will provide fixed annual payments for life. These payments will never vary and are backed by the full faith and credit of the College of William & Mary Foundation. Mary also saved income taxes and capital gains taxes.

With her charitable plans in good order, Mary has more time to indulge her passion for reading via the latest technology or the good old fashioned way.

“Our rental properties are the perfect way to bring all of our plans together.”
— Randy ’67 JD ’70 and Shelby Smith ’69 M.A. Ed. ’75 Hawthorne

When Randy and Shelby Hawthorne purchased their first rental property several years ago, they never imagined where it might lead. Though both have maintained busy careers, they have steadily acquired other properties, enjoying the many benefits of investing in real estate along the way. When the couple began to consider their charitable plans, they decided to contribute one of their properties to a trust that will provide income for their lives and a future gift to the Mason School of Business. They received an income tax deduction based on the appraised value of the property and avoided capital gain taxes. Once the property was deeded to the trust, the College's trustee handled all of the details of managing and selling the property.

This has been such a positive experience, Randy and Shelby have decided to fund similar trusts with their other properties as part of their future income, tax and charitable planning. This plan, they agree, will also help simplify their lives when they retire in a few years.

“This plan helped us accomplish all of our goals at one time.”
— Peter ’66 and Judy Poarch Nance ’69

Pete and Judy Nance know the benefits of good planning. When the couple began to consider their goals, they were interested in a charitable plan that would provide a steady income during the initial years of their retirement, followed by a gift to William & Mary.

Working with the Gift Planning Office and their financial advisor, they established a charitable remainder trust that pays income until Pete begins taking withdrawals from his retirement accounts several years from now. At that time, the remaining assets in the trust will be used to establish a professorship in their daughter, Sara's, memory.

While the income and capital gain tax savings were welcome news to their accountant, Pete and Judy say the greatest joy is seeing their gift benefit students and faculty during their lifetime — just the way they planned it.

“Using investment property to invest in William & Mary students was one of the best decisions I've ever made.”
— GlennW. Crafford ’77

Glenn Crafford knows a good investment when he sees one. On one of his many visits to Williamsburg, he purchased a nearby town home.

While Glenn enjoyed a steady rental income and other benefits of owning investment property, the town home continued to appreciate over the years. When Glenn began to consider his charitable plans, he decided to contribute the property to William & Mary. He received a charitable deduction for the appraised value and also saved capital gain taxes. The College's Real Estate Foundation handled the details of the property sale from start to finish.

The sale proceeds were used to establish an endowed scholarship for Intercollegiate Athletics and to support the Finance Academy at the Mason School of Business. “This rental property was a good investment over the years,” Glenn says. “But the best returns are coming to the students.”

“We were pleased to discover that we could enhance our retirement income and make a future gift to William & Mary without diminishing our children's inheritance.”
— Sid and Carole Westphal Barrett ’58  

When Sid and Carole Barrett started thinking about their charitable and estate plans, they had several goals in mind. They were looking for a way to supplement their retirement income and make a future gift to William & Mary, while still preserving their estate for their children.

Working with the William & Mary Gift Planning Office and their professional advisors, they found the solution: a charitable remainder trust to provide current income and a life insurance trust to replace the contributed assets in their estate for their children.

“While this gift has been a real win-win in many ways, it's the students who will benefit the most. We hope our scholarship fund will make a real difference for future generations.”

“We enjoyed ten years of benefits from our trust, and we're pleased that William & Mary can Benefit now.”
— G. Elliott ’59 and Carolyn Todd Schaubach ’59

When you meet a Schaubach scholar-athlete or visit the Alumni Center, you might be surprised to learn that both are being supported today by the proceeds from a trust Elliott and Carolyn Schaubach established several years ago. The type of charitable trust they chose is called a term of years or term trust.

Working with the William & Mary Gift Planning Office and their professional advisors, the Schaubachs established a trust that would pay income to them for 10 years, then distribute the trust assets to William & Mary. “It's easy to overlook the term of years option when establishing a charitable trust,” says Lee Walsh, Director of Gift Planning. “But it can be the right choice for many.”

While the income and tax benefits are important, the Schaubachs agree that the greatest benefit of a term trust comes when the trust period ends. “We're delighted to see the impact of our gift during our lifetime.”

“Adding to our trust was an excellent way to enhance our retirement income while supporting Marguerite's 50th Class Reunion.”
— J. Mitchell and Marguerite Huff Brown ’54

It has been more than 10 years since Jay and Marguerite Huff Brown ’54 established their charitable trust with William & Mary. When Marguerite's 50th Reunion came along, the Browns wanted to support her class gift in a way that would meet their other financial and estate planning needs.

Working with William & Mary's Gift Planning Office, the Browns decided to make a series of annual additions to their trust. These additions will increase the value of their trust, which in turn increases the income payments they receive from the trust. The Browns also receive a charitable income tax deduction when adding to their trust. And since they have chosen to make these additions with appreciated securities, they also save capital gains tax.

Inspired by the memory of their nephew, Patrick Brown, the couple decided to designate the future proceeds from their trust for a scholarship to support students working their way through college.

“This is a wonderful way to meet our needs and the future needs of William & Mary students.”

“Sharing our home with William & Mary has given us great pleasure — and some wonderful benefits.”
— Jack Russell ’72, M.B.A. ’77 and Lee Chichester ’79

Jack Russell and Lee Chichester have always enjoyed sharing their home with friends and family. So when the couple began thinking about their charitable plans, they decided to share it with William & Mary, too.

With assistance from the Gift Planning Office, Jack and Lee contributed a remainder interest in their home while retaining the right to live there during their lifetimes. Should they ever decide to move, the property would then be sold. Jack and Lee would receive their proportionate share of the sale proceeds along with William & Mary.

By contributing their home in this way, the couple received a substantial charitable deduction which saves current income taxes. The future proceeds from their gift will be used to establish a professorship in their names.

With their charitable plans in good order, Jack and Lee feel right at home with their decision.

“As you get older, you tend to reflect more on what you'll leave behind. We feel good knowing we will be tied to William & Mary forever.”
— Bill ’62 and Nancy Kent Young ’62

Like many alumni and friends, Bill and Nancy Young reached a point where looking back on their lives led them to look forward to their future legacy.

“It all started when we received an inspirational letter from President Tim Sullivan. It caused us to pause and appreciate how our time at William & Mary helped to mold us as adults. We wanted to assure that future students could share in our experience.”

The rest was easy. "All we had to do was contact the Gift Planning Office. They walked us through everything."

The Youngs were pleased to learn that they didn't need to specify the purpose of their bequest in the will. “This gave us more time to consider those areas of the College which were especially important to us.”

While visiting the campus to attend the annual Sir Robert Boyle Legacy Society luncheon, the Youngs decided to divide their bequest equally between the Muscarelle Museum and Swem Library. “It is a good feeling to know that our bequest will benefit future generations in perpetuity.”

“William & Mary students are making a real difference in the community. We hope our scholarship will make a difference, too.”
— Andrew and Dorothy Haramis 

Since retiring to Williamsburg nearly 20 years ago, Andrew and Dorothy Haramis have been active volunteers in many community organizations. One of the greatest benefits, they agree, has been the opportunity to meet many William & Mary students who are also involved in community service.

“You should see these students in action — they're outstanding,” says Dorothy. The Haramises have been so impressed with the students they have met, they decided to establish a scholarship through their estate plans. The William & Mary Gift Planning Office provided the language for their attorney to add a codicil to their will.

“Though neither of us had the good fortune of attending William & Mary, we are pleased to honor these students for their devoted service to the Williamsburg community.”

“As a single woman, it's especially important to have a good estate plan. And I feel good knowing my plans include William & Mary.”
— Margaret Slayton Glauber ’51

Maggie Glauber has that certain peace of mind that comes from knowing that she has planned well for the future. Like many, her estate plans include a revocable trust, durable power of attorney, and a living will. And of course, a thoughtful bequest for William & Mary. With language provided by the William & Mary Gift Planning Office, Maggie had her attorney include a charitable provision in her trust. Her bequest will support unrestricted endowment and establish a scholarship in her name.

With her estate plans in good order, Maggie says she has more time to spoil Sam, her 12 year old Jack Russell terrier. "Like William & Mary, Sam gets a lot of my attention."

“Funding our trust with real estate helped us to achieve our goals — and simplify our lives.”
— John ’50 and Julie Dayton

When John and Julie Dayton began to consider their charitable plans, they were interested in a vehicle that would provide income now and a future gift to William & Mary. The couple owned some undeveloped property that John had purchased years earlier. Though the property had increased in value, it was not producing any income.

Working with the Gift Planning Office, the Daytons contributed the property to a charitable remainder trust that provides income for their lives. They received a current income tax deduction and avoided capital gains tax. The future proceeds from their trust will support students participating in the Reves Center Foreign Service Internship Program.

Since the College's trustee handled all the details of the property sale, John and Julie were free to enjoy their retirement, which, they say, “we do very well.”

“You might say that I'm building for my future —and William & Mary's—together.”
— Barbara A. Maguschak ’83

Whether it's retirement planning, estate planning, or charitable planning, Barbara Maguschak takes the same thoughtful approach.

“I'm accustomed to seeking out information and advice, then making my own decisions,” she says. When Barbara began to consider her charitable plans, William & Mary naturally came to mind.

She contacted the Gift Planning Office for assistance in naming William & Mary beneficiary of her 401(k) and other retirement plans. Her bequest will create a permanent endowment for Swem Library, where she enjoyed working as a student.

“Though I'm not planning to retire any time soon, it's nice to know I have some good plans in place.”

“My parents and William & Mary were important influences in my life. I'm pleased to remember them in a way that will benefit future generations.”
— Richard W. Copeland Jr. ’43

Education has always been important to Richard Copeland, a retired educator himself. When he began to reflect on his life, he wanted to honor his parents and William & Mary in a meaningful and lasting way.

With assistance from the Gift Planning Office, Richard made a provision in his estate plans that will create two permanent funds: a scholarship in his parents' names and another in his name for students in the School of Education.

“My parents and William & Mary helped shape and enrich my life in so many ways. I hope my scholarships will do the same for future generations,” he says. Now that his estate plans are in good order, Richard says the fish are biting better than ever.