Bill Dow '73
Nothing about the crew team was glamorous, Bill Dow '73 says. Practices started about 5 a.m. The team was financed through raffles and donations, traveling to events in a beat-up school bus with two shells and two dozen oars stacked on top. Bill says they ripped out the four back seats so they had a place to sleep.
"It was perfect," Bill says. "We were known up and down the coast for our bus more than our rowing."
Bill can't imagine his college experience without sports—not only with friends he made through crew, but cheering for guys like quarterback Dan Pastorini '71, running back Mike Carey '71, and hoops star Dennis Awtrey '70. Even the baseball team was a game away from the College World Series his freshman year. "To go through college and not go out and support them and their endeavors—to me, I can't fathom it," he says.
Bill wants to recreate that feeling today. He's served on the Bronco Bench Foundation since 2002 and is currently vice president. Recently, he committed to a gift that will establish scholarships in crew, water polo, and track and cross country—for both men's and women's programs. "Anyone who has been successful in business knows that the most valuable assets are your people," Bill says. "I want to invest in our students."
Like any good businessman, Bill likes making his money work for him and he's done so here. Part of his donation will go to a matching fund, which encourages others to give. He likes that. "You have to plant a seed," Bill says. "Something to draw the people in."
Like Bill, you can shape SCU students' experiences through a gift in your long-term plans. Simply contact the Gift Planning team at 408-554-2108 or email@example.com to learn more today.
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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