| The remarkable growth so many have experienced in the value of stock and other investments during this extended season of favorable market conditions has made the issue of locking in their capital gains a timely one. How can such gains be protected?
Life income plans available through the Seminarys planned giving program offer an attractive alternative to those who are charitably motivated and wish to support our institution through gifts of appreciated property held longer than one year. Take the Charitable Gift Annuity, for example. Our friends and alumni/ae can make a gift that will provide fixed income for the lives of one or two beneficiaries and that is backed by the full faith and credit of the Seminary. Their annuity will be based on the fair market value of the assets contributed, and they will qualify for a charitable deduction in the year the gift is made, with carryover privileges for up to five additional years. Income payments will come to them monthly, quarterly, semiannually, or annually, according to their wishes, and entitle them to capital gains tax savings as well.
Listed below are representative rates for Charitable Gift Annuities covering one and two lives.
Other life income plans, including the Princeton Seminary Fund (our pooled income fund) and Charitable Remainder Trusts, offer similar but not identical benefits. Each arrangement has distinctive characteristics. All would lock in capital gains when funded with appreciated property held long term, however, and all require that donors and beneficiaries be 50 years of age or older. These life income arrangements can also be funded with gifts of cash, of course, according to the circumstances and preferences of the donor.
For more detailed information about each plan, please visit our website at www.ptsem.edu or call Chase Hunt at 800-622-6767, ext. 7756 or 609-497-7756.
This list includes gifts made between July 21, 1999, and November 30, 1999.
In Appreciation of Miller Chapel to the Miller Chapel Restoration Project
Michael Dong-Soo Chun Family Scholarship Endowment
A gift to Princeton Theological Seminary has established the Michael Dong-Soo Chun Family Scholarship Endowment Fund. Each year distributions from the fund will support one or more students preparing for pastoral ministry who have demonstrated financial need and academic promise. Preference will be given to second-generation Korean American students or students of Korean heritage. Mr. Michael D. Chun of Long Valley, New Jersey, initiated this scholarship endowment because of his desire to ensure quality pastoral leadership for Christs church for future generations.
Princeton Seminary has a long tradition of equipping Korean and Korean American students for ministries in the church. There are presently sixty-five Princeton Seminary alumni/ae serving in Korea in addition to many who serve Korean American and other churches in the United States.
For information about establishing a Scholarship Endowment Fund at Princeton Seminary, please contact Gene Degitz, vice president for seminary relations, or any member of the seminary relations staff at 1/800/622-6767 ext.7750.
Guidelines for Gift Endowments
Foreign National Student Scholarship (Tuition, Room, Board, Books, Travel)
Partial Scholarship Grant
|Continuing Education Seminar (Depending on seminar length and leadership)||
|Commencement Prize||$10,000 minimum|
Asian American Program
Book Acquisitions (by academic discipline)
$10,000 minimum, subject to consultation with Seminary Relations staff
Other Endowments may be established at a minimum of $10,000 subject to consultation with Seminary Relations staff. Examples include establishing endowments for Alumni/ae Services, Computer Services, Buildings/Grounds, Child Care Center, Communications, Development, Media Services, etc.
Gifts of any size for Unrestricted Endowment purposes are welcomed.
For further information, please contact:
Office of Seminary Relations
Princeton Theological Seminary
P.O. Box 821
Princeton, NJ 08542-0830
Phone: 609-497-7750/7756 or
800-662-6767 ext. 7750/7756
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