Burning Bright: Engineering Grad Passes the Torch to His Children and Future Generations

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Hall Evans '51 cheered the Broncos to an Orange Bowl victory in 1950, then celebrated Santa Clara University's centennial the next year. Those were unforgettable moments – and ample opportunity to perfect the construction of bonfires, a traditional responsibility for SCU's engineering students.

"We'd build these big structures with pulleys," Evans says. "Fill that up with combustible material and light the whole thing."

While much has changed – fire safety regulations, for starters – one constant has been the impact of Evans' Santa Clara education as he worked with a variety of firms before founding his own company, Evans Engineering and Air Balance.

When it came time to send his three children to college, "they could go anywhere they wanted," he says. "As long as it was Santa Clara University."

The experiences of three generations of his family (Evans's father attended the University of San Francisco) with Jesuit education "reinforced how great it is. Because of that, my support just makes sense. And engineers are, of all things, logical."

Evans and his wife, Olivia, a retired grade school teacher, have made multiple gifts of real estate to the University that funded charitable trusts. Their investment in SCU provides a fixed return, while funding the Hall and Olivia Evans Scholarship Fund for high-achieving, low-income engineering students.

Like his earlier campus exploits, it's a bright idea. But unlike the pyrotechnics, this one will light the Mission Campus for quite awhile.

Help Pass the Torch
To join Hall and Olivia Evans in supporting the future of Santa Clara University, please contact the Gift Planning team at 408-554-2108 or giftplanning@scu.edu 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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