The Gift Planning Newsletter of The Catholic University of America

RevelationsThe Gift Planning Newsletter of The Catholic University of AmericaWINTER 2007 ISSUE“For I know the plans I have for you, declares the Lord, plans to prosper you,not to harm, plans to give you a hope and a future …” – Jeremiah 29:11

DevelopmentDEVELOPMENT 101Welcome to the Winter 2007 edition of Revelations, thecharitable giving newsletter for The Catholic Universityof America. Contributions to CUA can be made througha variety of planned giving vehicles. In addition to understandingthe instruments themselves, it is also useful to lookat their ultimate purpose, or the ways in which they maybenefit the university. The glossary below is provided tohelp you gain an understanding of our needs, the givingopportunities you may wish to pursue and the impact yourgenerosity can have on our community.Endowment — Broadly, this is the part of our institution’sincome derived from donations and is formally referredto as the Pooled Investments of The Catholic University ofAmerica. The endowment is managed to provide for both thecurrent needs and future goals of the university. Financially,this means furnishing a stable and constant stream of incomefor current use and facilitating long-term growth, as a hedgeagainst inflation, for future needs and aspirations.Endowed Fund — A specific endowed fund is essentiallya sub-account, established for a particular purpose, withinthe university’s endowment. Like a mutual fund holder, anendowed fund will receive its pro rata share of the gains andinterest generated by the university’s endowment. Endowedfunds can be used for many purposes, some of which aredescribed below, and typically require a minimum donationof $50,000 or more.Undergraduate Scholarships — A scholarship is institutionalmoney awarded to a student in the form of a grantbased on merit. Typically utilized to cover tuition and relatedexpenses, scholarships remain a top fundraising priority andhelp to provide deserving students with a life-changingopportunity they may not otherwise be able to afford.Graduate Fellowships — Fellowships provide financialassistance to graduate students in various forms, includingtuition coverage, stipends for living expenses, or compensationfor services such as research or teaching. Theydecrease student dependence on loans and enable CUAto attract the most talented students through competitivefinancial aid packages.Endowed Professorships — Professorships provide supportto faculty at all levels, from assistant professors to chairs.Our faculty members are foundational elements in ourpursuit of academic excellence, precious resources fromwhom our students benefit richly. Endowed professorshipsenable CUA to recruit, retain and promote the nation’s bestteacher-scholars, in keeping with our mission as the nationaluniversity of the Catholic Church in the United States.Endowed Library Collections — An endowed library fundenables CUA to update and improve its resources andinformation services. In today’s dynamic, ever-changingworld, endowed collections help CUA to keep its libraryresources on pace with the constantly evolving teachingand research needs of our constituencies.Capital Projects — A capital campaign is an intensivefundraising endeavor, typically of a defined purposeand duration, designed to facilitate identified projects orobjectives through the attainment of predetermined financialgoals. Projects often include construction, renovation,or refurbishment of campus facilities, which improveour environment and enhance the CUA experience forour community.Memorial Funds — Gifts to CUA can be made to honor ormemorialize a special person. Such gifts are typically addedto our general scholarship fund, which greatly benefits theuniversity in attracting students. Alternatively, memorialfunds can be designated for a more specific purpose andin that manner may be endowed if the donation meets orexceeds the applicable minimum.Hopefully, this provides you with some helpful clarityon our world of fundraising. If you would like furtherinformation on any of these options, please contact theOffice of University Development. We will be glad tofurther discuss your interests and objectives.

SupportSUPPORTFriendship Expanded through “Charitable Rollovers”William and Betty Ann HollAs a community, we are fortunate to have alumni who aresuccessful, loyal, generous and knowledgeable. Thoseadjectives aptly describe William and Betty Ann Holl,members of CUA’s Class of 1950. By taking advantage ofthe Charitable Rollover provision of the Pension ProtectionAct of 2006, William and Betty were recently able to makea gift of $40,000 to the university’s general scholarshipfund. This gift is the most recent and most generous intheir history of consistent loyalty to CUA.William learned of CUA through his brother-in-law andwas admitted shortly following his discharge from theUnited States Navy. He was one of many who took thatroute to CUA following World War II. Betty arrived atCUA as a junior, having read about the university froma newsletter her parents received.The Holls treasure the experience they had at CUA. Williamthrived in the structured electrical engineering curriculumand on the playing fields, participating in football, wrestlingand track. He remains especially appreciative of the opportunityto play sports at the college level, something he did notoriginally think he would be able to do. Betty was thrilled tobe in Washington, D.C., with all its cultural offerings, andloved being a member of the campus community. She fondlyremembers attending Mass at the National Shrine of theImmaculate Conception, and the spiritual aspect of lifeat CUA. Both of them remain especially grateful for theopportunity to have met at CUA.After a stint with the Department of the Navy in D.C.following graduation, William went to work for GeneralMotors, part of a team developing new automobiles. Heand Betty married in 1953, and have resided in Flint, Mich.,ever since. In the ensuing years, they raised five children,and now have 13 grandchildren.Through it all, the Holls have remained engaged with CUA,incrementally increasing their generosity as their circumstancesallowed. They believe that the CUA experience withits academic, athletic, spiritual and social elements fosterssuccess. They have happily seen other family membersbenefit from a CUA education as well, including their son,William E. Holl 1980, grandniece Emily McGlynn, now asenior, and several other nephews and nieces.The Holls have faced the challenge of educating theirchildren and now wish to assist another generation ofstudents. In light of their loyalty and their family historyat CUA, they viewed a contribution to our general scholarshipfund as consistent with that goal. In their own financialpicture, they have been subject to IRS regulations thatimpose required minimum distributions, and correspondingincome taxes, from IRA accounts for those aged 70 1/2or older. The Pension Protection Act of 2006, by allowing“charitable rollovers” directly from IRAs to charities,enabled the Holls to fulfill their distribution requirement,avoid a taxable transaction and support CUA. Through goodplanning, they were able to further the mutually beneficialrelationship we already have with them.We are blessed to have friends like the Holls in ourcommunity and hope they can be an example for others tofollow. We encourage you to evaluate your own situation,particularly in light of the Pension Protection Act, and tocontact our Office of Planned Giving for more information.Contact InformationMichael K. Green Jr.Director of Planned GivingThe Catholic University of AmericaWashington, DC 20064Phone: 202-319-6914 • Fax: 202-319-5415E-mail: greenmk@cua.eduWeb: http://giftplanning.cua.edu

THE CATHOLIC UNIVERSITY OF AMERICAW a s h i n g t o n, D. C.The Catholic University of America is an educational institution and does not provide legal, tax or financial advice. The information in thisnewsletter is for educational purposes, and we strongly encourage all of our donors to seek counsel from their own legal and financial advisers.PillarsADDITIONAL PILLARS FORTIFY GIFT PLANNING PROGRAMThe gift planning program here at CUA seeks to unify theneeds of our donors with those of the university in mutuallybeneficial ways. We have now been strengthened in ourpursuit of those goals through the formation of the GiftPlanning Advisory Council, a group of volunteers who assistus in promoting the giving opportunities here at CUA andoffer insights on the techniques and benefits of particulargift types. The members of this group bring a wealth ofexpertise in the areas of financial, tax and estate planning, aswell as business development and marketing. By selflesslygiving of their time and talents, they promote the missionof CUA, increasing both our credibility and visibility.Diana Acuff received her bachelor’s degree from WinthropCollege and master’s from Georgia State University. Afterseveral years with the Internal Revenue Service, she becamea CPA and now focuses her work on fiduciary income taxation.She also has experience with personal and corporatereturns and audits.Guillermo Garcia graduated from CUA in 1995 with a B.A.in international business. As a financial adviser, he holdsSeries 7 and Series 66 securities licenses, as well as thedesignation of financial planning specialist. He is alsoa member of CUA’s Alumni Board of Governors.Martin Jacobs, CUA 1996, is a CPA with several years ofexperience in a diverse accounting practice that includespersonal, corporate and fiduciary return preparation, as wellas audit and bookkeeping.Michael Jacobs graduated from Loyola College in Baltimoreand is a Certified Financial Planner. He has been in thefinancial services industry for more than 11 years, specializingin financial and estate planning, tax consulting, assetmanagement and real estate.Brendan O’Reilly, CUA 1987, holds an M.B.A. from St.Joseph’s University, has 20 years of experience in financialOn the steps of the Basilica, Michael Green, right, is joined by membersof the Gift Planning Advisory Council: Elizabeth Sullivan, GuillermoGarcia, Martin Jacobs, Sebastian Pawlowski and Brendan O’Reilly.(not pictured, Diana Acuff, Michael Jacobs)services, and currently works as a financial adviser. He ispursuing designations as a chartered retirement planningcounselor and certified financial planner and is also amember of CUA’s Alumni Board of Governors.Sebastian Pawlowski, CUA 1996, holds an M.A. in internationalaffairs and an M.B.A., both from AmericanUniversity. He has more than 10 years of experiencein marketing and business development.Elizabeth Sullivan, CUA 1983, holds an M.S. from theUniversity of Maryland. A certified financial planner, sheis a registered principal in her firm, holds Series 7, 24, 63and 65 securities licenses, and has more than 20 years ofexperience in the financial services industry.We are very grateful to the council members for their efforts.If you are interested in promoting CUA’s gift planningprogram, please contact Michael Green, our director ofplanned giving.Do it all. Discover excellence. Experience success.