The Office of
Planned Giving

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1-401-863-9119

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1-401-863-3301

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Planned_Giving@brown.edu

Sierra J. Rosen
Executive Director
T 1-401-863-3563

Lindsey Yates-Grimley
Associate Director
T 1-401-863-3803

Carole Johnston
Trusts & Estates Manager
T 1-401-863-1221

Lisa Logan Ross
Associate
T 1-401-863-9119

A Class Act

The Class of 1953 Endowed Scholarship Fund

Norm James

The inspiration to give comes in many forms. For Norman "Jesse" James '53, it came in the form of class pride, lifelong friendships and a desire to establish a legacy on College Hill.

When Norm reflects on his past, he feels that he "was phenomenally lucky coming to Brown." Upon returning to Rhode Island after a stint in Okinawa with the service, he volunteered as a Brown fraternity alumni advisor in honor of Al Buckley '49, his former advisor. Twenty years as class president followed, which enabled him to keep in touch with old friends and to make new ones.

Norm's desire to establish a legacy with future generations led him to spearhead the creation of the Class of 1953 Endowed Scholarship Fund. The merged classes of Brown '53 and Pembroke '53 responded generously. Since 1996, 18 undergraduate students have joined fellow Brunonians on College Hill supported by the generosity of members of the Class of 1953.

Norm, whose support of Brown includes a gift in his will designated to this endowed scholarship fund, says he's pleased to "further (his) legacy at the University." In keeping with his other legacy of volunteering, Norm currently chairs the Class of 1953 Scholarship committee. Each semester, the committee treats the scholarship recipients to lunch and presents them with a class-created DVD that includes campus footage from 1953.

All things considered, Norm says that he's not sure who has benefited the most. "Brown has meant an awful lot to me," he says. "It's been the source of wonderful experiences and lifelong friendships."

Create Your Brown Legacy
Follow in Norm and the Class of 1953's footsteps and support the educational aspirations of future Brown students. Contact The Office of Planned Giving at 401-863-9119 or Planned_Giving@brown.edu to learn more.

A charitable bequest is one or two sentences in your will or living trust that leave to Brown University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Brown University [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Brown or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Brown as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Brown as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Brown where you agree to make a gift to Brown and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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