Upload
others
View
3
Download
0
Embed Size (px)
Citation preview
SUM
MER
201
6B
RO
OK
ING
S PA
RT
NE
RS
Offi
ce o
f P
lan
ned
Giv
ing
Was
hing
ton
Uni
vers
ity
in S
t. L
ouis
Cam
pus
Box
119
3O
ne B
rook
ings
Dri
veSt
. Lou
is, M
O 6
3130
-489
9
Non
profi
t Org
. U
.S. P
osta
ge
PAID
St
. Lou
is, M
O
Perm
it N
o. 2
501
page 5
The Robert S. Brookings Partners recognizes individuals who have chosen to support
Washington University through estate gifts, life income plans or other planned gifts.
The generosity of these donors helps ensure
the continued excellence of the university for
generations to come. For information or to notify us of a gift in your will, trust or other planned gift,
please contact the Office of Planned Giving at 800-835-3503 or 314-935-5373.
page 6
Wha
t’s in
side:
A L
egac
y of
Lea
ders
hip
and
Impa
ctAs
an
unde
rgra
duat
e an
d la
ter a
law
stu
dent
, Mel
F.
Bro
wn
AB ’5
7, JD
’61
exce
lled
acad
emic
ally
an
d w
as a
lead
er a
mon
g hi
s pe
ers.
He
cont
inue
s to
impa
ct th
e un
iver
sity
thro
ugh
his
volu
ntee
r le
ader
ship
role
s an
d ge
nero
us s
uppo
rt th
at
incl
udes
a p
lann
ed g
ift to
sup
port
the
Scho
ol
of L
aw.
See pages 1 &
2.
( 800
) 835
-350
3 | (
314)
935
-537
3 pl
anne
dgiv
ing@
wus
tl.ed
upl
anne
dgiv
ing.
wus
tl.e
du
Build
ing
a St
rong
Fou
ndat
ion
for
Futu
re G
ener
atio
nsW
arre
n C
linto
n JD
’70
belie
ves
that
his
lega
l ed
ucat
ion
prov
ided
a s
tron
g fo
unda
tion
for
succ
ess
thro
ugho
ut h
is c
aree
r. In
gra
titud
e,
his
man
y gi
fts in
clud
e a
plan
ned
gift
to
prov
ide
futu
re s
uppo
rt fo
r the
Sch
ool o
f Law
. See page 6.
Cha
rita
ble
Gift
Ann
uitie
s: Pr
edic
tabl
e Pa
ymen
ts in
a Fl
uctu
atin
g M
arke
tC
ontin
ued
vola
tility
in fi
nanc
ial m
arke
ts h
as
left
man
y lo
okin
g fo
r mor
e pr
edic
tabl
e fo
rms
of in
com
e. If
you
are
inte
rest
ed in
a s
ecur
e an
d pr
edic
tabl
e w
ay to
incr
ease
inco
me
and
redu
ce ta
xes,
con
side
r the
ben
efits
of
esta
blis
hing
a c
harit
able
gift
ann
uity
with
W
ashi
ngto
n U
nive
rsity
. S
ee page 2.
Cha
rita
ble
Tax-
Free
IRA
Gift
s Ex
tend
ed P
erm
anen
tlyG
ood
new
s! T
ax-f
ree
char
itabl
e IR
A gi
fts
wer
e m
ade
perm
anen
t, w
hich
mea
ns th
at
indi
vidu
als
age
701 / 2
and
old
er c
an m
ake
tax-
free
gift
s to
talin
g up
to $
100,
000
per
cale
ndar
yea
r dire
ctly
from
thei
r IR
A to
W
ashi
ngto
n U
nive
rsity
and
oth
er q
ualifi
ed
publ
ic c
harit
ies.
See page 3.
page 6
“My legal education provided a strong foundation for success and gave me the confidence to take on new challenges,” says J. Warren Clinton, JD ’70, reflecting on a career that includes roles as diverse as attorney and lodge proprietor, businessman, real estate developer, professor, and consultant. “My law degree has been a tremendous asset throughout my career.”
Raised in a small town in southwestern Iowa, Warren earned a bachelor’s degree in business administration and economics from Principia College. Subsequently he moved to California, where he worked briefly in real estate development and planned to pursue a dual degree in law and business at Stanford University. The program was unexpectedly put on hold, and he chose to pursue his law degree at Washington University. He recalls his time at the university as one of great intellectual growth. He remembers challenging courses and professors, including David Becker, Frank Miller, Jules Gerard, and William Jones, whose influence had a significant impact on him.
After graduating with a specialization in real estate law, Warren moved to Colorado, where he spent several years in the homebuilding industry. “It was a boom time in the real estate industry,” he recalls. “We built over 14,000 single-family homes in a six-state region.” In 1974, he joined the faculty of Principia College, where he created and taught courses on the legal process, which were being promoted by the American Bar Association at that time. He also taught courses in business and economics and served for a time as Dean of Men.
Warren returned to Colorado and the homebuilding industry in 1978 and was responsible for real estate development in a four-state region. In 1981, he and his late wife, Ruth, purchased and operated two lodges near Rocky Mountain National Park.
Warren continues to run one of the lodges, Castle Mountain Lodge. He also serves on the boards of a number of family foundations and private trusts, where he provides legal
counsel to second- and third-generation family members. “Some of these private foundations and trusts were created to serve a purpose or need that no longer exists,” he says. “The challenge becomes how to distribute the funds within the parameters of the original trust.” He emphasizes the importance of structuring charitable trusts to meet the priorities of the donor and charity while providing flexibility to use the funds for the changing needs of the organization for generations to come.
Warren’s gifts and volunteer support demonstrate his confidence in Washington University, its leadership, and the priorities of the Leading Together campaign. “Higher education and philanthropy have always been among the things that Ruth and I felt strongly about supporting,” he says. A dedicated leader and volunteer for Washington University, he is a charter member of the Colorado Regional Cabinet. He also is a member of the Denver Campaign Committee and the Planned Giving Committee for the Leading Together campaign. His generous support includes an unrestricted gift through a charitable remainder unitrust to support the School of Law. “I made my planned gift to help insure long-term support for the institution that was so important in my education,” he says. “I hope that my fellow law school graduates will join me in making their own planned gifts.”
Like Warren, you can establish a charitable remainder unitrust that provides payments to you or other beneficiaries, as well as significant tax benefits. To learn more, contact the Office of Planned Giving at (800) 835-3503.
BROOKINGS PARTNERSR E C O G N I Z I N G T H E I M P O R TA N C E O F P L A N N E D G I F T S
SUMMER 2016
Charitable Tax-Free IRA Gifts Extended Permanently
TOGETHER, WE SHAPE THE FUTURE
Building a Strong Foundation for Future Generations
Warren Clinton and Nancy Staudt, dean of the School of Law and the Howard & Caroline Cayne Professor of Law
SUM
MER
201
6B
RO
OK
ING
S PA
RT
NE
RS
Offi
ce o
f P
lan
ned
Giv
ing
Was
hing
ton
Uni
vers
ity
in S
t. L
ouis
Cam
pus
Box
119
3O
ne B
rook
ings
Dri
veSt
. Lou
is, M
O 6
3130
-489
9
Non
profi
t Org
. U
.S. P
osta
ge
PAID
St
. Lou
is, M
O
Perm
it N
o. 2
501
page 5
The Robert S. Brookings Partners recognizes individuals who have chosen to support
Washington University through estate gifts, life income plans or other planned gifts.
The generosity of these donors helps ensure
the continued excellence of the university for
generations to come. For information or to notify us of a gift in your will, trust or other planned gift,
please contact the Office of Planned Giving at 800-835-3503 or 314-935-5373.
page 6
Wha
t’s in
side:
A L
egac
y of
Lea
ders
hip
and
Impa
ctAs
an
unde
rgra
duat
e an
d la
ter a
law
stu
dent
, Mel
F.
Bro
wn
AB ’5
7, JD
’61
exce
lled
acad
emic
ally
an
d w
as a
lead
er a
mon
g hi
s pe
ers.
He
cont
inue
s to
impa
ct th
e un
iver
sity
thro
ugh
his
volu
ntee
r le
ader
ship
role
s an
d ge
nero
us s
uppo
rt th
at
incl
udes
a p
lann
ed g
ift to
sup
port
the
Scho
ol
of L
aw.
See pages 1 &
2.
( 800
) 835
-350
3 | (
314)
935
-537
3 pl
anne
dgiv
ing@
wus
tl.ed
upl
anne
dgiv
ing.
wus
tl.e
du
Build
ing
a St
rong
Fou
ndat
ion
for
Futu
re G
ener
atio
nsW
arre
n C
linto
n JD
’70
belie
ves
that
his
lega
l ed
ucat
ion
prov
ided
a s
tron
g fo
unda
tion
for
succ
ess
thro
ugho
ut h
is c
aree
r. In
gra
titud
e,
his
man
y gi
fts in
clud
e a
plan
ned
gift
to
prov
ide
futu
re s
uppo
rt fo
r the
Sch
ool o
f Law
. See page 6.
Cha
rita
ble
Gift
Ann
uitie
s: Pr
edic
tabl
e Pa
ymen
ts in
a Fl
uctu
atin
g M
arke
tC
ontin
ued
vola
tility
in fi
nanc
ial m
arke
ts h
as
left
man
y lo
okin
g fo
r mor
e pr
edic
tabl
e fo
rms
of in
com
e. If
you
are
inte
rest
ed in
a s
ecur
e an
d pr
edic
tabl
e w
ay to
incr
ease
inco
me
and
redu
ce ta
xes,
con
side
r the
ben
efits
of
esta
blis
hing
a c
harit
able
gift
ann
uity
with
W
ashi
ngto
n U
nive
rsity
. S
ee page 2.
Cha
rita
ble
Tax-
Free
IRA
Gift
s Ex
tend
ed P
erm
anen
tlyG
ood
new
s! T
ax-f
ree
char
itabl
e IR
A gi
fts
wer
e m
ade
perm
anen
t, w
hich
mea
ns th
at
indi
vidu
als
age
701 / 2
and
old
er c
an m
ake
tax-
free
gift
s to
talin
g up
to $
100,
000
per
cale
ndar
yea
r dire
ctly
from
thei
r IR
A to
W
ashi
ngto
n U
nive
rsity
and
oth
er q
ualifi
ed
publ
ic c
harit
ies.
See page 3.
page 6
“My legal education provided a strong foundation for success and gave me the confidence to take on new challenges,” says J. Warren Clinton, JD ’70, reflecting on a career that includes roles as diverse as attorney and lodge proprietor, businessman, real estate developer, professor, and consultant. “My law degree has been a tremendous asset throughout my career.”
Raised in a small town in southwestern Iowa, Warren earned a bachelor’s degree in business administration and economics from Principia College. Subsequently he moved to California, where he worked briefly in real estate development and planned to pursue a dual degree in law and business at Stanford University. The program was unexpectedly put on hold, and he chose to pursue his law degree at Washington University. He recalls his time at the university as one of great intellectual growth. He remembers challenging courses and professors, including David Becker, Frank Miller, Jules Gerard, and William Jones, whose influence had a significant impact on him.
After graduating with a specialization in real estate law, Warren moved to Colorado, where he spent several years in the homebuilding industry. “It was a boom time in the real estate industry,” he recalls. “We built over 14,000 single-family homes in a six-state region.” In 1974, he joined the faculty of Principia College, where he created and taught courses on the legal process, which were being promoted by the American Bar Association at that time. He also taught courses in business and economics and served for a time as Dean of Men.
Warren returned to Colorado and the homebuilding industry in 1978 and was responsible for real estate development in a four-state region. In 1981, he and his late wife, Ruth, purchased and operated two lodges near Rocky Mountain National Park.
Warren continues to run one of the lodges, Castle Mountain Lodge. He also serves on the boards of a number of family foundations and private trusts, where he provides legal
counsel to second- and third-generation family members. “Some of these private foundations and trusts were created to serve a purpose or need that no longer exists,” he says. “The challenge becomes how to distribute the funds within the parameters of the original trust.” He emphasizes the importance of structuring charitable trusts to meet the priorities of the donor and charity while providing flexibility to use the funds for the changing needs of the organization for generations to come.
Warren’s gifts and volunteer support demonstrate his confidence in Washington University, its leadership, and the priorities of the Leading Together campaign. “Higher education and philanthropy have always been among the things that Ruth and I felt strongly about supporting,” he says. A dedicated leader and volunteer for Washington University, he is a charter member of the Colorado Regional Cabinet. He also is a member of the Denver Campaign Committee and the Planned Giving Committee for the Leading Together campaign. His generous support includes an unrestricted gift through a charitable remainder unitrust to support the School of Law. “I made my planned gift to help insure long-term support for the institution that was so important in my education,” he says. “I hope that my fellow law school graduates will join me in making their own planned gifts.”
Like Warren, you can establish a charitable remainder unitrust that provides payments to you or other beneficiaries, as well as significant tax benefits. To learn more, contact the Office of Planned Giving at (800) 835-3503.
BROOKINGS PARTNERSR E C O G N I Z I N G T H E I M P O R TA N C E O F P L A N N E D G I F T S
SUMMER 2016
Charitable Tax-Free IRA Gifts Extended Permanently
TOGETHER, WE SHAPE THE FUTURE
Building a Strong Foundation for Future Generations
Warren Clinton and Nancy Staudt, dean of the School of Law and the Howard & Caroline Cayne Professor of Law
I am interested in supporting Washington University in my will or trust.
I would like a personal illustration of how a charitable gift annuity would benefit me. Use the amount checked below for my illustration:
$5,000 $10,000 $25,000
$50,000 other $ ________________
My gift may be: cash securities ($ )
(cost basis)
My birth date is ______________.
Please include a second individual whose birth date is _________ .
I am interested in making a gift of real estate & receiving lifetime payments.
I have included Washington University in my estate plan.
I wish to join the Robert S. Brookings Partners in recognition of my planned gift for the university.
I am interested in designating Washington University as beneficiary of my IRA, 401K or other qualified retirement plan.
Thank you for supporting Washington University!
Name (Please Print)
Address
City/State/Zip
Daytime Phone Preferred Email
Consult with your legal or tax advisor before making a charitable gift.
Passion. Plan. Impact.
page 4page 1
FOLD
IN H
ALF
AN
D S
EAL.
PLE
ASE
DO
NO
T ST
APL
E.
“I was a young man coming from a small town during the 1950s, and Washington University opened my eyes to a whole new world,” says Mel F. Brown, AB ’57, JD ’61. Born in Carlinville, Illinois, Mel knew that he wanted to pursue an aggressive career path. He credits his mother with inspiring him to excel and attend Washington University. He says, “My father was a cobbler, and he died when I was eight years old. My mother was a widow with two young children and an immigrant in a small town, and her options were limited. She was a very strong woman, and despite the obstacles, she created a successful retail shoe store from my father’s shoe repair business. Her love, dedication and example were extraordinary.” Mel also credits his late wife, Jacqueline, as being a strong source of support early in his career.
As an undergraduate, Mel fully embraced all that Washington University had to offer. “It was a marvelous experience,” he says enthusiastically. “My undergraduate academic advisor was Thomas Eliot, who eventually became chancellor. I had outstanding professors such as Merle Kling, Huston Smith, and Guy Davenport. I also participated in Greek life and was a member of Lock and Chain, Thurtene Honorary, and Omicron Delta Kappa.”
After earning a bachelor’s degree in political science and serving in the military, Mel realized that he would need more focused training and returned to Washington University to earn a law degree. After graduation, he worked briefly for a law firm and subsequently accepted a position as staff attorney with a small finance company that had been acquired by ITT Corporation.
Mel quickly rose through the ranks, and over the next four decades he built a distinguished career with ITT that culminated as president of ITT Commercial Finance. He subsequently served as president, chief executive officer, and vice chairman of the board of Deutsche Financial Services.
Mel recently retired as a principal of Fromel Consulting and chairman of Triad Bank. He has served Washington University in volunteer leadership roles for many years. A former member of the Board of Trustees and a founding and current member of the Law National Council, he also has served as president of the William Greenleaf Eliot Society, executive vice chair and chair of the Alumni Board of Governors, and as a member of the law school’s campaign committee for Leading Together. The School of Law honored him with its Distinguished Alumni Award in
Charitable Gift Annuities:Predictable Payments in a Fluctuating Market
page 3
A LEGACY of Leadership and Impact
BROOKINGS PARTNERS
page 2
Continued volatility in financial markets has left many looking for more predictable forms of income. If you are interested in a secure and predictable way to increase income and reduce taxes, consider the benefits of establishing a charitable gift annuity with Washington University:
• Fixed lifetime payments to you and/or your spouse or another beneficiary based on the age(s) of the recipient(s)
• A charitable income tax deduction for a portion of your gift
• A portion of the payments are usually tax-free
• Capital gain tax savings when you use appreciated securities to fund your gift (Many alumni and friends have funded charitable gift annuities with appreciated securities that were generating minimal dividends.)
• Support for your school or another purpose at Washington University
For a confidential illustration including specific payment rate, tax deduction and capital gain tax benefits based on your age, please contact the Office of Planned Giving at (314) 935-5373 or (800) 835-3503 or email [email protected].
1996 and the Dean’s Medal in 2011. He also received the Arts & Sciences Distinguished Alumni Award in 2007 and a Distinguished Alumni Award at Founders Day in 2008.
Mel’s longstanding service and generosity on behalf of Washington University are an inspiration to all. He and Pamela, his wife of 23 years, have made many gifts to the School of Law, including an estate commitment that will support The Mel and Pamela Brown Family Visiting Professorship and annual support for the Mel and Pamela Brown Family Visiting Scholars Program. They also sponsor the Mel and Pamela Brown Scholar in Law as well as a fund that supports law graduates who pursue careers in public service.
Reflecting on his motivation for supporting the university through his planned and current gifts, Mel says, “Washington University shaped my life. I am inspired by the exceptional leadership of Bill Danforth and Mark Wrighton and the vision that has made Washington University the preeminent institution it is today. I hope my support will help to continue that trajectory for the law school, where the reputation for excellence continues to grow under Nancy Staudt’s visionary leadership.”
Like Mel, you can support Washington University through a combination of lifetime and planned gifts. For information, contact the Office of Planned Giving at (800) 835-3503.
Tax-Wise GivingCharitable Tax-Free IRA Gifts Extended Permanently
Good news! Tax-free charitable IRA gifts were made permanent at the end of 2015, which means that individuals age 701/2 and older can make tax-free gifts totaling up to $100,000 per calendar year directly from their IRA to Washington University and other qualified public charities.
This giving opportunity is particularly beneficial for donors who may not need their annual required minimum distribution or who want to make a larger tax-free charitable gift from an IRA. By directing your gift directly to the university, you do not report the IRA distribution as income. This is particularly useful if you do not itemize your deductions. As with other gifts, you can designate the purpose for which the gift is to be used.
Please remember that tax-free charitable IRA gifts must transfer directly from your IRA to the university. To learn more, contact the Office of Planned Giving at (800) 835-3503 or [email protected].
*Rates are subject to change.
ONE LIFE
AGE FIXED RATE
60 4.4%
65 4.7%
70 5.1%
75 5.8%
80 6.8%
85 7.8%
90+ 9.0%
TWO LIVES
AGES FIXED RATE
60 & 60 3.9%
65 & 65 4.2%
70 & 70 4.6%
75 & 75 5.0%
80 & 80 5.7%
85 & 85 6.7%
90 & 90 8.2%
GIFT ANNUITY SAMPLE PAYMENT RATES*years of age or older when
the distribution is made
IRA
transfer must go directly from your IRA to Washington University
• You must be 70½ years of age or older when the distribution is made.
• The transfer must go directly from your IRA to Washington University.
• The provision has been made permanent. You may make tax-free transfers from your IRA to a charity or charities totaling up to $100,000 each calendar year. Your spouse may also be eligible to make such gifts up to $100,000 from his/her IRA.
• A charitable rollover gift from your IRA will count toward your minimum distribution requirement.
• Gifts from an IRA may only be used to make an outright gift to a qualified public charity, such as Washington University. Tax-free charitable IRA rollover gifts cannot be used to fund a gift annuity, charitable remainder trust, a donor advised fund, or a private foundation.
To make a tax-free charitable gift from your IRA:
Your one-stop resource for:
• Tax-efficient assets to give including IRAs, Real Estate and Securities
• Planned Giving Calculator providing estimated income payments, income tax deductions, and capital gain tax savings for charitable gift annuities and charitable trusts
• Information on how to make a planned gift
• Financial and tax benefits of planned gifts
• Legislation that impacts planned giving
• Planned Giving salons and events
• Donor profiles and features
PLANNEDGIVING.WUSTL.EDU
I am interested in supporting Washington University in my will or trust.
I would like a personal illustration of how a charitable gift annuity would benefit me. Use the amount checked below for my illustration:
$5,000 $10,000 $25,000
$50,000 other $ ________________
My gift may be: cash securities ($ )
(cost basis)
My birth date is ______________.
Please include a second individual whose birth date is _________ .
I am interested in making a gift of real estate & receiving lifetime payments.
I have included Washington University in my estate plan.
I wish to join the Robert S. Brookings Partners in recognition of my planned gift for the university.
I am interested in designating Washington University as beneficiary of my IRA, 401K or other qualified retirement plan.
Thank you for supporting Washington University!
Name (Please Print)
Address
City/State/Zip
Daytime Phone Preferred Email
Consult with your legal or tax advisor before making a charitable gift.
Passion. Plan. Impact.
page 4page 1
FOLD
IN H
ALF
AN
D S
EAL.
PLE
ASE
DO
NO
T ST
APL
E.
“I was a young man coming from a small town during the 1950s, and Washington University opened my eyes to a whole new world,” says Mel F. Brown, AB ’57, JD ’61. Born in Carlinville, Illinois, Mel knew that he wanted to pursue an aggressive career path. He credits his mother with inspiring him to excel and attend Washington University. He says, “My father was a cobbler, and he died when I was eight years old. My mother was a widow with two young children and an immigrant in a small town, and her options were limited. She was a very strong woman, and despite the obstacles, she created a successful retail shoe store from my father’s shoe repair business. Her love, dedication and example were extraordinary.” Mel also credits his late wife, Jacqueline, as being a strong source of support early in his career.
As an undergraduate, Mel fully embraced all that Washington University had to offer. “It was a marvelous experience,” he says enthusiastically. “My undergraduate academic advisor was Thomas Eliot, who eventually became chancellor. I had outstanding professors such as Merle Kling, Huston Smith, and Guy Davenport. I also participated in Greek life and was a member of Lock and Chain, Thurtene Honorary, and Omicron Delta Kappa.”
After earning a bachelor’s degree in political science and serving in the military, Mel realized that he would need more focused training and returned to Washington University to earn a law degree. After graduation, he worked briefly for a law firm and subsequently accepted a position as staff attorney with a small finance company that had been acquired by ITT Corporation.
Mel quickly rose through the ranks, and over the next four decades he built a distinguished career with ITT that culminated as president of ITT Commercial Finance. He subsequently served as president, chief executive officer, and vice chairman of the board of Deutsche Financial Services.
Mel recently retired as a principal of Fromel Consulting and chairman of Triad Bank. He has served Washington University in volunteer leadership roles for many years. A former member of the Board of Trustees and a founding and current member of the Law National Council, he also has served as president of the William Greenleaf Eliot Society, executive vice chair and chair of the Alumni Board of Governors, and as a member of the law school’s campaign committee for Leading Together. The School of Law honored him with its Distinguished Alumni Award in
Charitable Gift Annuities:Predictable Payments in a Fluctuating Market
page 3
A LEGACY of Leadership and Impact
BROOKINGS PARTNERS
page 2
Continued volatility in financial markets has left many looking for more predictable forms of income. If you are interested in a secure and predictable way to increase income and reduce taxes, consider the benefits of establishing a charitable gift annuity with Washington University:
• Fixed lifetime payments to you and/or your spouse or another beneficiary based on the age(s) of the recipient(s)
• A charitable income tax deduction for a portion of your gift
• A portion of the payments are usually tax-free
• Capital gain tax savings when you use appreciated securities to fund your gift (Many alumni and friends have funded charitable gift annuities with appreciated securities that were generating minimal dividends.)
• Support for your school or another purpose at Washington University
For a confidential illustration including specific payment rate, tax deduction and capital gain tax benefits based on your age, please contact the Office of Planned Giving at (314) 935-5373 or (800) 835-3503 or email [email protected].
1996 and the Dean’s Medal in 2011. He also received the Arts & Sciences Distinguished Alumni Award in 2007 and a Distinguished Alumni Award at Founders Day in 2008.
Mel’s longstanding service and generosity on behalf of Washington University are an inspiration to all. He and Pamela, his wife of 23 years, have made many gifts to the School of Law, including an estate commitment that will support The Mel and Pamela Brown Family Visiting Professorship and annual support for the Mel and Pamela Brown Family Visiting Scholars Program. They also sponsor the Mel and Pamela Brown Scholar in Law as well as a fund that supports law graduates who pursue careers in public service.
Reflecting on his motivation for supporting the university through his planned and current gifts, Mel says, “Washington University shaped my life. I am inspired by the exceptional leadership of Bill Danforth and Mark Wrighton and the vision that has made Washington University the preeminent institution it is today. I hope my support will help to continue that trajectory for the law school, where the reputation for excellence continues to grow under Nancy Staudt’s visionary leadership.”
Like Mel, you can support Washington University through a combination of lifetime and planned gifts. For information, contact the Office of Planned Giving at (800) 835-3503.
Tax-Wise GivingCharitable Tax-Free IRA Gifts Extended Permanently
Good news! Tax-free charitable IRA gifts were made permanent at the end of 2015, which means that individuals age 701/2 and older can make tax-free gifts totaling up to $100,000 per calendar year directly from their IRA to Washington University and other qualified public charities.
This giving opportunity is particularly beneficial for donors who may not need their annual required minimum distribution or who want to make a larger tax-free charitable gift from an IRA. By directing your gift directly to the university, you do not report the IRA distribution as income. This is particularly useful if you do not itemize your deductions. As with other gifts, you can designate the purpose for which the gift is to be used.
Please remember that tax-free charitable IRA gifts must transfer directly from your IRA to the university. To learn more, contact the Office of Planned Giving at (800) 835-3503 or [email protected].
*Rates are subject to change.
ONE LIFE
AGE FIXED RATE
60 4.4%
65 4.7%
70 5.1%
75 5.8%
80 6.8%
85 7.8%
90+ 9.0%
TWO LIVES
AGES FIXED RATE
60 & 60 3.9%
65 & 65 4.2%
70 & 70 4.6%
75 & 75 5.0%
80 & 80 5.7%
85 & 85 6.7%
90 & 90 8.2%
GIFT ANNUITY SAMPLE PAYMENT RATES*years of age or older when
the distribution is made
IRA
transfer must go directly from your IRA to Washington University
• You must be 70½ years of age or older when the distribution is made.
• The transfer must go directly from your IRA to Washington University.
• The provision has been made permanent. You may make tax-free transfers from your IRA to a charity or charities totaling up to $100,000 each calendar year. Your spouse may also be eligible to make such gifts up to $100,000 from his/her IRA.
• A charitable rollover gift from your IRA will count toward your minimum distribution requirement.
• Gifts from an IRA may only be used to make an outright gift to a qualified public charity, such as Washington University. Tax-free charitable IRA rollover gifts cannot be used to fund a gift annuity, charitable remainder trust, a donor advised fund, or a private foundation.
To make a tax-free charitable gift from your IRA:
Your one-stop resource for:
• Tax-efficient assets to give including IRAs, Real Estate and Securities
• Planned Giving Calculator providing estimated income payments, income tax deductions, and capital gain tax savings for charitable gift annuities and charitable trusts
• Information on how to make a planned gift
• Financial and tax benefits of planned gifts
• Legislation that impacts planned giving
• Planned Giving salons and events
• Donor profiles and features
PLANNEDGIVING.WUSTL.EDU
I am interested in supporting Washington University in my will or trust.
I would like a personal illustration of how a charitable gift annuity would benefit me. Use the amount checked below for my illustration:
$5,000 $10,000 $25,000
$50,000 other $ ________________
My gift may be: cash securities ($ )
(cost basis)
My birth date is ______________.
Please include a second individual whose birth date is _________ .
I am interested in making a gift of real estate & receiving lifetime payments.
I have included Washington University in my estate plan.
I wish to join the Robert S. Brookings Partners in recognition of my planned gift for the university.
I am interested in designating Washington University as beneficiary of my IRA, 401K or other qualified retirement plan.
Thank you for supporting Washington University!
Name (Please Print)
Address
City/State/Zip
Daytime Phone Preferred Email
Consult with your legal or tax advisor before making a charitable gift.
Passion. Plan. Impact.
page 4page 1
FOLD
IN H
ALF
AN
D S
EAL.
PLE
ASE
DO
NO
T ST
APL
E.
“I was a young man coming from a small town during the 1950s, and Washington University opened my eyes to a whole new world,” says Mel F. Brown, AB ’57, JD ’61. Born in Carlinville, Illinois, Mel knew that he wanted to pursue an aggressive career path. He credits his mother with inspiring him to excel and attend Washington University. He says, “My father was a cobbler, and he died when I was eight years old. My mother was a widow with two young children and an immigrant in a small town, and her options were limited. She was a very strong woman, and despite the obstacles, she created a successful retail shoe store from my father’s shoe repair business. Her love, dedication and example were extraordinary.” Mel also credits his late wife, Jacqueline, as being a strong source of support early in his career.
As an undergraduate, Mel fully embraced all that Washington University had to offer. “It was a marvelous experience,” he says enthusiastically. “My undergraduate academic advisor was Thomas Eliot, who eventually became chancellor. I had outstanding professors such as Merle Kling, Huston Smith, and Guy Davenport. I also participated in Greek life and was a member of Lock and Chain, Thurtene Honorary, and Omicron Delta Kappa.”
After earning a bachelor’s degree in political science and serving in the military, Mel realized that he would need more focused training and returned to Washington University to earn a law degree. After graduation, he worked briefly for a law firm and subsequently accepted a position as staff attorney with a small finance company that had been acquired by ITT Corporation.
Mel quickly rose through the ranks, and over the next four decades he built a distinguished career with ITT that culminated as president of ITT Commercial Finance. He subsequently served as president, chief executive officer, and vice chairman of the board of Deutsche Financial Services.
Mel recently retired as a principal of Fromel Consulting and chairman of Triad Bank. He has served Washington University in volunteer leadership roles for many years. A former member of the Board of Trustees and a founding and current member of the Law National Council, he also has served as president of the William Greenleaf Eliot Society, executive vice chair and chair of the Alumni Board of Governors, and as a member of the law school’s campaign committee for Leading Together. The School of Law honored him with its Distinguished Alumni Award in
Charitable Gift Annuities:Predictable Payments in a Fluctuating Market
page 3
A LEGACY of Leadership and Impact
BROOKINGS PARTNERS
page 2
Continued volatility in financial markets has left many looking for more predictable forms of income. If you are interested in a secure and predictable way to increase income and reduce taxes, consider the benefits of establishing a charitable gift annuity with Washington University:
• Fixed lifetime payments to you and/or your spouse or another beneficiary based on the age(s) of the recipient(s)
• A charitable income tax deduction for a portion of your gift
• A portion of the payments are usually tax-free
• Capital gain tax savings when you use appreciated securities to fund your gift (Many alumni and friends have funded charitable gift annuities with appreciated securities that were generating minimal dividends.)
• Support for your school or another purpose at Washington University
For a confidential illustration including specific payment rate, tax deduction and capital gain tax benefits based on your age, please contact the Office of Planned Giving at (314) 935-5373 or (800) 835-3503 or email [email protected].
1996 and the Dean’s Medal in 2011. He also received the Arts & Sciences Distinguished Alumni Award in 2007 and a Distinguished Alumni Award at Founders Day in 2008.
Mel’s longstanding service and generosity on behalf of Washington University are an inspiration to all. He and Pamela, his wife of 23 years, have made many gifts to the School of Law, including an estate commitment that will support The Mel and Pamela Brown Family Visiting Professorship and annual support for the Mel and Pamela Brown Family Visiting Scholars Program. They also sponsor the Mel and Pamela Brown Scholar in Law as well as a fund that supports law graduates who pursue careers in public service.
Reflecting on his motivation for supporting the university through his planned and current gifts, Mel says, “Washington University shaped my life. I am inspired by the exceptional leadership of Bill Danforth and Mark Wrighton and the vision that has made Washington University the preeminent institution it is today. I hope my support will help to continue that trajectory for the law school, where the reputation for excellence continues to grow under Nancy Staudt’s visionary leadership.”
Like Mel, you can support Washington University through a combination of lifetime and planned gifts. For information, contact the Office of Planned Giving at (800) 835-3503.
Tax-Wise GivingCharitable Tax-Free IRA Gifts Extended Permanently
Good news! Tax-free charitable IRA gifts were made permanent at the end of 2015, which means that individuals age 701/2 and older can make tax-free gifts totaling up to $100,000 per calendar year directly from their IRA to Washington University and other qualified public charities.
This giving opportunity is particularly beneficial for donors who may not need their annual required minimum distribution or who want to make a larger tax-free charitable gift from an IRA. By directing your gift directly to the university, you do not report the IRA distribution as income. This is particularly useful if you do not itemize your deductions. As with other gifts, you can designate the purpose for which the gift is to be used.
Please remember that tax-free charitable IRA gifts must transfer directly from your IRA to the university. To learn more, contact the Office of Planned Giving at (800) 835-3503 or [email protected].
*Rates are subject to change.
ONE LIFE
AGE FIXED RATE
60 4.4%
65 4.7%
70 5.1%
75 5.8%
80 6.8%
85 7.8%
90+ 9.0%
TWO LIVES
AGES FIXED RATE
60 & 60 3.9%
65 & 65 4.2%
70 & 70 4.6%
75 & 75 5.0%
80 & 80 5.7%
85 & 85 6.7%
90 & 90 8.2%
GIFT ANNUITY SAMPLE PAYMENT RATES*years of age or older when
the distribution is made
IRA
transfer must go directly from your IRA to Washington University
• You must be 70½ years of age or older when the distribution is made.
• The transfer must go directly from your IRA to Washington University.
• The provision has been made permanent. You may make tax-free transfers from your IRA to a charity or charities totaling up to $100,000 each calendar year. Your spouse may also be eligible to make such gifts up to $100,000 from his/her IRA.
• A charitable rollover gift from your IRA will count toward your minimum distribution requirement.
• Gifts from an IRA may only be used to make an outright gift to a qualified public charity, such as Washington University. Tax-free charitable IRA rollover gifts cannot be used to fund a gift annuity, charitable remainder trust, a donor advised fund, or a private foundation.
To make a tax-free charitable gift from your IRA:
Your one-stop resource for:
• Tax-efficient assets to give including IRAs, Real Estate and Securities
• Planned Giving Calculator providing estimated income payments, income tax deductions, and capital gain tax savings for charitable gift annuities and charitable trusts
• Information on how to make a planned gift
• Financial and tax benefits of planned gifts
• Legislation that impacts planned giving
• Planned Giving salons and events
• Donor profiles and features
PLANNEDGIVING.WUSTL.EDU
I am interested in supporting Washington University in my will or trust.
I would like a personal illustration of how a charitable gift annuity would benefit me. Use the amount checked below for my illustration:
$5,000 $10,000 $25,000
$50,000 other $ ________________
My gift may be: cash securities ($ )
(cost basis)
My birth date is ______________.
Please include a second individual whose birth date is _________ .
I am interested in making a gift of real estate & receiving lifetime payments.
I have included Washington University in my estate plan.
I wish to join the Robert S. Brookings Partners in recognition of my planned gift for the university.
I am interested in designating Washington University as beneficiary of my IRA, 401K or other qualified retirement plan.
Thank you for supporting Washington University!
Name (Please Print)
Address
City/State/Zip
Daytime Phone Preferred Email
Consult with your legal or tax advisor before making a charitable gift.
Passion. Plan. Impact.
page 4page 1
FOLD
IN H
ALF
AN
D S
EAL.
PLE
ASE
DO
NO
T ST
APL
E.
“I was a young man coming from a small town during the 1950s, and Washington University opened my eyes to a whole new world,” says Mel F. Brown, AB ’57, JD ’61. Born in Carlinville, Illinois, Mel knew that he wanted to pursue an aggressive career path. He credits his mother with inspiring him to excel and attend Washington University. He says, “My father was a cobbler, and he died when I was eight years old. My mother was a widow with two young children and an immigrant in a small town, and her options were limited. She was a very strong woman, and despite the obstacles, she created a successful retail shoe store from my father’s shoe repair business. Her love, dedication and example were extraordinary.” Mel also credits his late wife, Jacqueline, as being a strong source of support early in his career.
As an undergraduate, Mel fully embraced all that Washington University had to offer. “It was a marvelous experience,” he says enthusiastically. “My undergraduate academic advisor was Thomas Eliot, who eventually became chancellor. I had outstanding professors such as Merle Kling, Huston Smith, and Guy Davenport. I also participated in Greek life and was a member of Lock and Chain, Thurtene Honorary, and Omicron Delta Kappa.”
After earning a bachelor’s degree in political science and serving in the military, Mel realized that he would need more focused training and returned to Washington University to earn a law degree. After graduation, he worked briefly for a law firm and subsequently accepted a position as staff attorney with a small finance company that had been acquired by ITT Corporation.
Mel quickly rose through the ranks, and over the next four decades he built a distinguished career with ITT that culminated as president of ITT Commercial Finance. He subsequently served as president, chief executive officer, and vice chairman of the board of Deutsche Financial Services.
Mel recently retired as a principal of Fromel Consulting and chairman of Triad Bank. He has served Washington University in volunteer leadership roles for many years. A former member of the Board of Trustees and a founding and current member of the Law National Council, he also has served as president of the William Greenleaf Eliot Society, executive vice chair and chair of the Alumni Board of Governors, and as a member of the law school’s campaign committee for Leading Together. The School of Law honored him with its Distinguished Alumni Award in
Charitable Gift Annuities:Predictable Payments in a Fluctuating Market
page 3
A LEGACY of Leadership and Impact
BROOKINGS PARTNERS
page 2
Continued volatility in financial markets has left many looking for more predictable forms of income. If you are interested in a secure and predictable way to increase income and reduce taxes, consider the benefits of establishing a charitable gift annuity with Washington University:
• Fixed lifetime payments to you and/or your spouse or another beneficiary based on the age(s) of the recipient(s)
• A charitable income tax deduction for a portion of your gift
• A portion of the payments are usually tax-free
• Capital gain tax savings when you use appreciated securities to fund your gift (Many alumni and friends have funded charitable gift annuities with appreciated securities that were generating minimal dividends.)
• Support for your school or another purpose at Washington University
For a confidential illustration including specific payment rate, tax deduction and capital gain tax benefits based on your age, please contact the Office of Planned Giving at (314) 935-5373 or (800) 835-3503 or email [email protected].
1996 and the Dean’s Medal in 2011. He also received the Arts & Sciences Distinguished Alumni Award in 2007 and a Distinguished Alumni Award at Founders Day in 2008.
Mel’s longstanding service and generosity on behalf of Washington University are an inspiration to all. He and Pamela, his wife of 23 years, have made many gifts to the School of Law, including an estate commitment that will support The Mel and Pamela Brown Family Visiting Professorship and annual support for the Mel and Pamela Brown Family Visiting Scholars Program. They also sponsor the Mel and Pamela Brown Scholar in Law as well as a fund that supports law graduates who pursue careers in public service.
Reflecting on his motivation for supporting the university through his planned and current gifts, Mel says, “Washington University shaped my life. I am inspired by the exceptional leadership of Bill Danforth and Mark Wrighton and the vision that has made Washington University the preeminent institution it is today. I hope my support will help to continue that trajectory for the law school, where the reputation for excellence continues to grow under Nancy Staudt’s visionary leadership.”
Like Mel, you can support Washington University through a combination of lifetime and planned gifts. For information, contact the Office of Planned Giving at (800) 835-3503.
Tax-Wise GivingCharitable Tax-Free IRA Gifts Extended Permanently
Good news! Tax-free charitable IRA gifts were made permanent at the end of 2015, which means that individuals age 701/2 and older can make tax-free gifts totaling up to $100,000 per calendar year directly from their IRA to Washington University and other qualified public charities.
This giving opportunity is particularly beneficial for donors who may not need their annual required minimum distribution or who want to make a larger tax-free charitable gift from an IRA. By directing your gift directly to the university, you do not report the IRA distribution as income. This is particularly useful if you do not itemize your deductions. As with other gifts, you can designate the purpose for which the gift is to be used.
Please remember that tax-free charitable IRA gifts must transfer directly from your IRA to the university. To learn more, contact the Office of Planned Giving at (800) 835-3503 or [email protected].
*Rates are subject to change.
ONE LIFE
AGE FIXED RATE
60 4.4%
65 4.7%
70 5.1%
75 5.8%
80 6.8%
85 7.8%
90+ 9.0%
TWO LIVES
AGES FIXED RATE
60 & 60 3.9%
65 & 65 4.2%
70 & 70 4.6%
75 & 75 5.0%
80 & 80 5.7%
85 & 85 6.7%
90 & 90 8.2%
GIFT ANNUITY SAMPLE PAYMENT RATES*years of age or older when
the distribution is made
IRA
transfer must go directly from your IRA to Washington University
• You must be 70½ years of age or older when the distribution is made.
• The transfer must go directly from your IRA to Washington University.
• The provision has been made permanent. You may make tax-free transfers from your IRA to a charity or charities totaling up to $100,000 each calendar year. Your spouse may also be eligible to make such gifts up to $100,000 from his/her IRA.
• A charitable rollover gift from your IRA will count toward your minimum distribution requirement.
• Gifts from an IRA may only be used to make an outright gift to a qualified public charity, such as Washington University. Tax-free charitable IRA rollover gifts cannot be used to fund a gift annuity, charitable remainder trust, a donor advised fund, or a private foundation.
To make a tax-free charitable gift from your IRA:
Your one-stop resource for:
• Tax-efficient assets to give including IRAs, Real Estate and Securities
• Planned Giving Calculator providing estimated income payments, income tax deductions, and capital gain tax savings for charitable gift annuities and charitable trusts
• Information on how to make a planned gift
• Financial and tax benefits of planned gifts
• Legislation that impacts planned giving
• Planned Giving salons and events
• Donor profiles and features
PLANNEDGIVING.WUSTL.EDU
SUM
MER
201
6B
RO
OK
ING
S PA
RT
NE
RS
Offi
ce o
f P
lan
ned
Giv
ing
Was
hing
ton
Uni
vers
ity
in S
t. L
ouis
Cam
pus
Box
119
3O
ne B
rook
ings
Dri
veSt
. Lou
is, M
O 6
3130
-489
9
Non
profi
t Org
. U
.S. P
osta
ge
PAID
St
. Lou
is, M
O
Perm
it N
o. 2
501
page 5
The Robert S. Brookings Partners recognizes individuals who have chosen to support
Washington University through estate gifts, life income plans or other planned gifts.
The generosity of these donors helps ensure
the continued excellence of the university for
generations to come. For information or to notify us of a gift in your will, trust or other planned gift,
please contact the Office of Planned Giving at 800-835-3503 or 314-935-5373.
page 6
Wha
t’s in
side:
A L
egac
y of
Lea
ders
hip
and
Impa
ctAs
an
unde
rgra
duat
e an
d la
ter a
law
stu
dent
, Mel
F.
Bro
wn
AB ’5
7, JD
’61
exce
lled
acad
emic
ally
an
d w
as a
lead
er a
mon
g hi
s pe
ers.
He
cont
inue
s to
impa
ct th
e un
iver
sity
thro
ugh
his
volu
ntee
r le
ader
ship
role
s an
d ge
nero
us s
uppo
rt th
at
incl
udes
a p
lann
ed g
ift to
sup
port
the
Scho
ol
of L
aw.
See pages 1 &
2.
( 800
) 835
-350
3 | (
314)
935
-537
3 pl
anne
dgiv
ing@
wus
tl.ed
upl
anne
dgiv
ing.
wus
tl.e
du
Build
ing
a St
rong
Fou
ndat
ion
for
Futu
re G
ener
atio
nsW
arre
n C
linto
n JD
’70
belie
ves
that
his
lega
l ed
ucat
ion
prov
ided
a s
tron
g fo
unda
tion
for
succ
ess
thro
ugho
ut h
is c
aree
r. In
gra
titud
e,
his
man
y gi
fts in
clud
e a
plan
ned
gift
to
prov
ide
futu
re s
uppo
rt fo
r the
Sch
ool o
f Law
. See page 6.
Cha
rita
ble
Gift
Ann
uitie
s: Pr
edic
tabl
e Pa
ymen
ts in
a Fl
uctu
atin
g M
arke
tC
ontin
ued
vola
tility
in fi
nanc
ial m
arke
ts h
as
left
man
y lo
okin
g fo
r mor
e pr
edic
tabl
e fo
rms
of in
com
e. If
you
are
inte
rest
ed in
a s
ecur
e an
d pr
edic
tabl
e w
ay to
incr
ease
inco
me
and
redu
ce ta
xes,
con
side
r the
ben
efits
of
esta
blis
hing
a c
harit
able
gift
ann
uity
with
W
ashi
ngto
n U
nive
rsity
. S
ee page 2.
Cha
rita
ble
Tax-
Free
IRA
Gift
s Ex
tend
ed P
erm
anen
tlyG
ood
new
s! T
ax-f
ree
char
itabl
e IR
A gi
fts
wer
e m
ade
perm
anen
t, w
hich
mea
ns th
at
indi
vidu
als
age
701 / 2
and
old
er c
an m
ake
tax-
free
gift
s to
talin
g up
to $
100,
000
per
cale
ndar
yea
r dire
ctly
from
thei
r IR
A to
W
ashi
ngto
n U
nive
rsity
and
oth
er q
ualifi
ed
publ
ic c
harit
ies.
See page 3.
page 6
“My legal education provided a strong foundation for success and gave me the confidence to take on new challenges,” says J. Warren Clinton, JD ’70, reflecting on a career that includes roles as diverse as attorney and lodge proprietor, businessman, real estate developer, professor, and consultant. “My law degree has been a tremendous asset throughout my career.”
Raised in a small town in southwestern Iowa, Warren earned a bachelor’s degree in business administration and economics from Principia College. Subsequently he moved to California, where he worked briefly in real estate development and planned to pursue a dual degree in law and business at Stanford University. The program was unexpectedly put on hold, and he chose to pursue his law degree at Washington University. He recalls his time at the university as one of great intellectual growth. He remembers challenging courses and professors, including David Becker, Frank Miller, Jules Gerard, and William Jones, whose influence had a significant impact on him.
After graduating with a specialization in real estate law, Warren moved to Colorado, where he spent several years in the homebuilding industry. “It was a boom time in the real estate industry,” he recalls. “We built over 14,000 single-family homes in a six-state region.” In 1974, he joined the faculty of Principia College, where he created and taught courses on the legal process, which were being promoted by the American Bar Association at that time. He also taught courses in business and economics and served for a time as Dean of Men.
Warren returned to Colorado and the homebuilding industry in 1978 and was responsible for real estate development in a four-state region. In 1981, he and his late wife, Ruth, purchased and operated two lodges near Rocky Mountain National Park.
Warren continues to run one of the lodges, Castle Mountain Lodge. He also serves on the boards of a number of family foundations and private trusts, where he provides legal
counsel to second- and third-generation family members. “Some of these private foundations and trusts were created to serve a purpose or need that no longer exists,” he says. “The challenge becomes how to distribute the funds within the parameters of the original trust.” He emphasizes the importance of structuring charitable trusts to meet the priorities of the donor and charity while providing flexibility to use the funds for the changing needs of the organization for generations to come.
Warren’s gifts and volunteer support demonstrate his confidence in Washington University, its leadership, and the priorities of the Leading Together campaign. “Higher education and philanthropy have always been among the things that Ruth and I felt strongly about supporting,” he says. A dedicated leader and volunteer for Washington University, he is a charter member of the Colorado Regional Cabinet. He also is a member of the Denver Campaign Committee and the Planned Giving Committee for the Leading Together campaign. His generous support includes an unrestricted gift through a charitable remainder unitrust to support the School of Law. “I made my planned gift to help insure long-term support for the institution that was so important in my education,” he says. “I hope that my fellow law school graduates will join me in making their own planned gifts.”
Like Warren, you can establish a charitable remainder unitrust that provides payments to you or other beneficiaries, as well as significant tax benefits. To learn more, contact the Office of Planned Giving at (800) 835-3503.
BROOKINGS PARTNERSR E C O G N I Z I N G T H E I M P O R TA N C E O F P L A N N E D G I F T S
SUMMER 2016
Charitable Tax-Free IRA Gifts Extended Permanently
TOGETHER, WE SHAPE THE FUTURE
Building a Strong Foundation for Future Generations
Warren Clinton and Nancy Staudt, dean of the School of Law and the Howard & Caroline Cayne Professor of Law
SUMMER 2016BROOKINGS PARTNERSOffice of Planned GivingWashington University in St. LouisCampus Box 1193One Brookings DriveSt. Louis, MO 63130-4899
Nonprofit Org. U.S. Postage
PAID St. Louis, MO
Permit No. 2501
page 5
The R
obert S. Brookings Partners recognizes individuals w
ho have chosen to support W
ashington University through estate gifts,
life income plans or other planned gifts.
The
ge
ne
ro
sity
of t
he
se
do
no
rs h
elp
s e
nsu
re
th
e c
on
tin
ue
d e
xc
ellen
ce
of t
he
un
iv
er
sity
fo
r
ge
ne
ra
tio
ns t
o c
om
e. For inform
ation or to notify us of a gift in your w
ill, trust or other planned gift, please contact the O
ffice of Planned Giving at
80
0-8
35
-3
50
3 or 314
-93
5-53
73.
page 6
What’s inside:A Legacy of Leadership and Impact
As an undergraduate and later a law student, Mel F. Brown AB ’57, JD ’61 excelled academically and was a leader among his peers. He continues
to impact the university through his volunteer leadership roles and generous support that includes a planned gift to support the School of Law. See pages 1 & 2.
(800) 835-3503 | (314) 935-5373 [email protected]
Building a Strong Foundation for Future GenerationsWarren Clinton JD ’70 believes that his legal education provided a strong foundation for success throughout his career. In gratitude, his many gifts include a planned gift to provide future support for the School of Law. See page 6.
Charitable Gift Annuities: Predictable Payments in a Fluctuating MarketContinued volatility in financial markets has left many looking for more predictable forms of income. If you are interested in a secure and predictable way to increase income and reduce taxes, consider the benefits of establishing a charitable gift annuity with Washington University. See page 2.
Charitable Tax-Free IRA Gifts Extended PermanentlyGood news! Tax-free charitable IRA gifts were made permanent, which means that individuals age 701/2 and older can make tax-free gifts totaling up to $100,000 per calendar year directly from their IRA to Washington University and other qualified public charities. See page 3.
page 6
“My legal education provided a strong
foundation for success and gave me the
confidence to take on new challenges,” says
J. Warren C
linton, JD ’70, reflecting on
a career that includes roles as diverse as attorney and lodge proprietor, businessm
an, real estate developer, professor, and consultant. “M
y law degree has been a
tremendous asset throughout m
y career.”
Raised in a sm
all town in southw
estern Iow
a, Warren earned a bachelor’s degree in
business administration and econom
ics from
Principia College. Subsequently he m
oved to C
alifornia, where he w
orked briefly in real estate developm
ent and planned to pursue a dual degree in law
and business at Stanford U
niversity. The program
was unexpectedly put
on hold, and he chose to pursue his law degree
at Washington U
niversity. He recalls his tim
e at the university as one of great intellectual grow
th. He rem
embers challenging courses
and professors, including David Becker, Frank
Miller, Jules G
erard, and William
Jones, whose
influence had a significant impact on him
.
After graduating w
ith a specialization in real estate law
, Warren m
oved to Colorado, w
here he spent several years in the hom
ebuilding industry. “It w
as a boom tim
e in the real estate industry,” he recalls. “W
e built over 14,000 single-fam
ily homes in a six-state region.” In
1974, he joined the faculty of Principia College,
where he created and taught courses on the
legal process, which w
ere being promoted by
the Am
erican Bar Association at that tim
e. He
also taught courses in business and economics
and served for a time as D
ean of Men.
Warren returned to C
olorado and the hom
ebuilding industry in 1978 and was
responsible for real estate development in
a four-state region. In 1981, he and his late w
ife, Ruth, purchased and operated tw
o lodges near R
ocky Mountain N
ational Park.
Warren continues to run one of the lodges,
Castle M
ountain Lodge. He also serves on
the boards of a number of fam
ily foundations and private trusts, w
here he provides legal
counsel to second- and third-generation family
mem
bers. “Some of these private foundations
and trusts were created to serve a purpose
or need that no longer exists,” he says. “The
challenge becomes how
to distribute the funds w
ithin the parameters of the original trust.”
He em
phasizes the importance of structuring
charitable trusts to meet the priorities of the
donor and charity while providing flexibility
to use the funds for the changing needs of the organization for generations to com
e.
Warren’s gifts and volunteer support
demonstrate his confidence in W
ashington U
niversity, its leadership, and the priorities of the
Leadin
g T
ogether cam
paign. “Higher
education and philanthropy have always been
among the things that R
uth and I felt strongly about supporting,” he says. A
dedicated leader and volunteer for W
ashington University, he
is a charter mem
ber of the Colorado R
egional C
abinet. He also is a m
ember of the D
enver C
ampaign C
omm
ittee and the Planned Giving
Com
mittee for the
Leadin
g T
ogether cam
paign. H
is generous support includes an unrestricted gift through a charitable rem
ainder unitrust to support the School of Law
. “I made m
y planned gift to help insure long-term
support for the institution that w
as so important in m
y education,” he says. “I hope that m
y fellow law
school graduates w
ill join me in m
aking their ow
n planned gifts.”
Like Warren, you can establish a charitable
remainder unitrust that provides paym
ents to you or other beneficiaries, as w
ell as significant tax benefits. To learn m
ore, contact the Office
of Planned Giving at (800) 835-3503.
BRO
OK
ING
S PA
RT
NE
RS
RE
CO
GN
IZIN
G T
HE
IMP
OR
TAN
CE
OF
PL
AN
NE
D G
IFT
S
SUM
MER 2016
Charitable Tax-Free IR
A Gifts
Extended Permanently
TOG
ETHER
, WE
SHAPE TH
E FUTU
RE
Building a Strong Foundation for Future G
en
eration
s
Warren C
linton and Nancy Staudt, dean of the School of
Law and the H
oward &
Caroline C
ayne Professor of Law