News Scrapbook 1973-1974

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Brown, Reverend and Mrs Melvin Harter, Dr. and Mrs· Mohamed Ali Khalil, and Dr and Mrs. A. M. Livmg- ston. Also Mr and Mrs Jean Pierre Pans. f'.olon~I and

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'%91 ._,....,..-,VI I'°---,"' •• • the beneficiary are available at the University of San We invite you and you counselor to discuss these gifts with us.

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Along with a great deal of personal satisfaction, you ca receive a lifetime income and a signi Ii cant tax benefit right now. Here's now the plan v.orks: You make a gift of property, cash or securities, to the University. This gift is put into a separate trust, called a "unitrust" under the Internal Revenue Code. You receive an immediate income tax deduction for a charitable contribution in accordance with the "present value" tables of the Treasury Department. You will receive a 6.192 percent return on the annually determined value of your gift- for the remainder

PRESIDENT AUTHOR E. HUGHES of your life, for the life of a designated beneficiary, or for a term of years (not to exceed 20). Part of this income may be taxable at the preferred capital gain rates. Your gift will be invested to achieve income and growth. You will receive quarterly distributions based upon the annually determined value of the investment trust created by your gift. The value of the trust will fluctuate, but you will always receive a 6.192 percent return on this value. The quarterly distributions, at the annua! rate of 6.192 perc~nt of the value of the trust assets will be made even though your trust earns a lesser rate of return than 6.192 percent. When you, or your specified beneficiary dies (or upon expiration of the term certain, if you elect that option), the trust terminates and the property remaining in the trust goes outright to the Universit of San Diego for use in its educational programs. For more about the plan, please call Gilbert Brown, Vice-President for University Relations, at 291-6480.

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University of San Diego Alcala fark, San Diego, California 92110