USD Magazine Summer 2007

USD MAGAZINE Jerry, are doing their part to help USD continue to live up to that early prophecy. The couple’s $100,000 gift to the new School of Leadership and Education CAMPAIGN CORNER F ive decades ago, when of our future university, the smell of wet concrete and paint perm- eated the place. “Bishop Buddy used to call the school ‘the Notre Dame of the West,’which was hard to believe when there was just a half-built church and the women’s and men’s colleges here. It’s nice to know that Bishop Buddy was a prophet in his own time.” Farrell ’61, and her husband, Sandy (Cassell) Farrell first walked the infant campus

charity from an IRA, as a tax free distribution. In our case, it turned out to be very handy. For now, it costs less to give USD money.” John Phillips, senior director of planned giving, says that gifts taking advantage of this law can be made until Dec. 31.“Tax liability is reduced because the IRA distri- bution that the donor would otherwise receive instead goes to the charity, rather than to the donor as taxable income.” Sandy Farrell is excited to make a difference.“We hope to name the building itself for Rev. Mother Hill for $8 million,”she says. Look- ing back, she can’t believe it’s been 50 years since she was a freshman. Though the campus has changed profoundly, the school still moves her.“It really is a magical place.”

A TRULY MAGICAL PLACE C o u p l e ’s g i f t t o h o n o r U S D f o u n d e r s [ p i o n e e r s ]

Sciences (SOLES) building fund is part of a larger effort to name the building for Mother Rosalie Hill and an interior space for Reverend Bishop Charles Francis Buddy. “I’m joined with representa- tives from the College for Women and the College for Men in raising funds dedicated to both namings,” explains Farrell. “We knew that our $100,000 wasn’t

enough to name an interior space appropriate for the bishop.”

Jerry Farrell says making this gift provided the couple with a signifi- cant tax benefit:“The Pension Pro- tection Act of 2006 allows those 70 1 / 2 years of age and up to donate as much as $100,000 per year to a

To help out with this fundraising effort, please call the development office at (619) 260-2720. CAMPA I GN CORNER CAMPA I GN CORNER CAMPA I GN CORNER CAMPA I GN CORNER CAMPA I GN CORNER

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