Bernice F. Holmes K51 of Hendersonville, North Carolina, was the sister of Theodore H. Holmes ’51, a biology major who became a poet. When her brother died in 1971 at the age of 42, Bernice established a charitable remainder trust at Princeton and a bequest to the University in his memory.
Though Walker McKinney ’50 majored in economics, he loved the life sciences and made several outright gifts to Princeton in these areas. Like Holmes, he also established a charitable remainder trust.
Many planned gifts established years ago for purposes close to their donors’ hearts are now supporting some of the six priorities of the University’s comprehensive fundraising campaign, Aspire: A Plan for Princeton.
Connect: A Black Alumni Leadership Initiative is a newly launched enterprise led by alumni to increase and enhance the involvement of self-identified black alumni in the life of the University as leaders, volunteers, and donors.
When Charles H. Smyth came to Princeton to teach geology in 1905, he brought his two sons with him: Charlie and Harry. Both boys grew up to attend Princeton and follow in their father’s footsteps as Princeton faculty members and both are now commemorated with endowed chairs: the Charles Phelps Smyth ’16 *17 Professorship in Chemistry and the Henry De Wolf Smyth Professorship.
L. Desaix Anderson Jr. ’58 has been able to transform real estate—in this case, three condominiums in Washington, D.C.—into a gift that is particularly meaningful to him. “I welcome the opportunity to thank Princeton for an extraordinary, life-long engagement with ideas and history,” he says.
Gordon Douglas gave Princeton a house in Connecticut, near where he lives with his wife, Sheila Mahoney. “When I did the math,” he said, “this came out well for me. It ensured income for us, as well as allowing us to make a substantial gift to Princeton—a classic win-win situation.”
Boosted by major gifts from two great friends of Princeton, funds realized by the University during the Aspire campaign from trusts and estates passed the $100 million mark the summer of 2009.
Some years ago Ray Close purchased a plot of unimproved farmland. Later a major highway interchange was planned nearby. Because of the resulting capital gain it made excellent tax sense to donate the property to Princeton and create a trust, “something I had always wanted to do,” Close said.