A love of Santa Clara University’s Mission Gardens inspired Doug ’66, J.D. ’74 and Marie Barry ’68, to give a series of gifts to SCU.
For Doug '66, J.D. '74 and Marie Barry '68, there's no doubt about where the heart of Santa Clara University is: the Mission Gardens.
"It's such a peaceful, serene, happy place," Marie says.
"It's kind of like a refuge," Doug adds. "Walking under the arbor, with the wisteria cascading down—all I have to do is think about it and my worries disappear."
For the Barrys, the Mission Gardens are part magnet, part time machine. Whenever they're on campus, the draw is irresistible. It's a place where walks can bring back memories of studying, taking shelter under the wisteria during the rain, and watching their young sons, Matthew and Christopher, play on the lawn. Christopher must have felt a similar pull to campus, as he graduated from SCU in 1992. He and his wife, Kristy Stivers '93, were married in Mission Church.
"Santa Clara is just so woven into our lives in so many ways," Marie says. "We have friends for life and professors we've known since they started teaching at the University."
Just as SCU impacted their lives, so have the Barrys left a mark on the University. Doug helped found the men's rowing team, which just celebrated its 50th anniversary. Marie serves on the Board of Regents, is a past president of the Alumni Association, and is a long-time judge for the annual Tech Awards. In 2010, Marie and Doug's service was recognized with the Alumni Association's Louis I. Bannan, S.J. Award.
"The school has been here a long time," Marie says. "And the marvelous thing is it gets better over time. And it's not just thanks to a beautiful campus, but it's also thanks to wonderful leadership and a commitment to serving those who need to be served."
The Barrys decided to support SCU in a way that will stand the test of time. They have established an endowed scholarship for the College of Arts and Sciences, which supports students today, and they have included SCU in their estate plans—a gift for today and tomorrow.
Year after year, their endowment helps students attend Santa Clara University. And if those students have an experience like the Barrys had, they too might continue to find themselves on campus long after graduation.
Honor Your Memories of SCU If you have been positively impacted by your experience at Santa Clara, contact the Gift Planning team or email@example.com to learn how you can support students.
A charitable bequest is one or two sentences in your will or living trust that leave to Santa Clara University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
"I give to Santa Clara University, a nonprofit corporation currently located at 500 El Camino Real, Santa Clara, CA 95053-1400, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to SCU or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate, or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property, or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to SCU as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to SCU as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and SCU where you agree to make a gift to SCU and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.
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