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Lycoming College magazine PDF

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: l,V.l •'0 o '004 ,r,^ c \ !',t . 0: •LYCOMING COLLEGE ANNUAL FUND Digitized by the Internet Archive in 2009 with funding from Lyrasis IVIembers and Sloan Foundation http://www.archive.org/details/lycomingcollegem1001lyco REPORT OF GIFTS You#vision and gen- erops gifts this year hwe helped us achieve a milestone in upport. For the first time, this year we have passed the half- million dollar mark in unrestricted gifts. Your investment helps a new generation of Lycoming sons and daughters reach their potential. PRESIDENT'S MESSAGE j/ii-^r: JFit il 860 the ONG HALL ethodists, who then wned Lycoming's ^:v'^ predecessor institu- tion, Dickinson Semi- nary, came up with an ingenious way of financing the school's operations. They issued 165 shares of stock at $100 a share. They hopedthatthevalue two years. This is an important step in the largertask ofensuring that the next ofthe stockwouldrise and generation ofLycomingCollege graduates has the intellectual tools it will produce an incomefor need to compete in achanging worldand marketplace. stockholders. We have wiredthe firstresidence hall into ourcampus computernetwork, By 1878 ourbriefexperi- another important step, on ourway to having one comprehensive network. ment in educational Ourcommitment to computer literacy indicates ourcontinuedresolve to keep capitalism had ended; Lycoming College in pace with current technology and teaching methodology. however, theideaofa In summary, we have used yourgifts wisely. More than acentury ofmanage- college as an investmentis mentby frugal Methodistministers andwisetrustees has given us a legacy of one that lingers on even today, — conservative fiscal policy a policy thathas helped the institution weather varying although from adifferentperspective. economic conditions andhas given Lycoming good financial health. We continue to In a very real sense all ofthe alumni balance ourannual budgets without deferring maintenanceprojects. Among ourpeer and friends ofthe College who are colleges, we have one ofthe very lowest administrative costs. And, we continue to look listed in this Report ofGifts are for ways to save money andtomaximizeevery dollarwithinourbudget. investors in Lycoming College. However, ourfinancial aidbudgetcontinues to increase. Morethan 80% ofourstudent When Lycoming's excellence as a body requires some kindoffinancial assistance. At acomprehensivefeeof$18,200, the regional liberal arts college is numberofstudents on aid is notsurprising, norcanwe expect areduction in that recognized by U.S. News & World percentage. Report, the College's "stock" We are not alone. Certainly othercolleges face the same problem ofeducational costs moves up. Whenthe College's rising twice as fast as inflation. How each college solves this problem, however, will academic programproduces students determine the characterof who win coveted Phi Kappa Phi the institution foryears to fellowships in national competition, come. the stockgoes up again. When our reputation attracts entering freshmen Therealchallenge that lies whose average SAT scores have risen before us is to give forthe fourth yearin arow, the Lycoming the kind of College's stock climbs upward. long-range financial We thank you—ouralumni and stability that will allow us — to maintain thequalityof friends forinvesting inthe ourprograms and toattain education ofourstudentsthis year. new levels ofexcellence. Thishasbeen a yearin which we This yearwe have made have taken a numberofvery impor- importantprogress tant steps that will contribute greatly towards this long-range tothe value ofa Lycoming College goal. The annual fundofunrestrictedgifts available forthe College's immediate use education in the years to come. broke the $500,000 markforthe first time in the College's history. Total gifts to the We finalized ourexchange program College, including future gifts from annuities and bequests, doubled this year. Forthis, — — with WestminsterCollege in you deserve thecreditand thepraise. Eachofyou throughyourgifts made this Oxford, England. In doing so, we possible. have begun an importantcommit- In addition, I want to thankthe many people who have given sogenerously oftheirtime ment toourstudy abroad program, a in helping us recruitnew students and aiding ourgraduates in theirsearch foremploy- program that will be typical ofthe ment. We are grateful forall you have done forLycomingCollege. kindsofexperiences ourstudents will need to participatefully as world I hope you will continue your supportforLycoming College. Wecannotrealizeour citizens. potential without you. Ican assure you that there is no betterinvestmentthan an invest- ment in a new generation ofLycoming sons anddaughters. The faculty began toreachclosure on acomprehensive review ofour James E. Douthat curriculum, aprocess thathas taken President YOUR SHARE LYCOMING IN on, Lycoming Col- ege saw a 100% in- crease in total gifts nd future provisions to the College this year. Your total gifts and futures of $3,819,623 set a new annual record and one of which you can be very proud. FUTURES News & WorldReportand TOP GIFT GIVING TO CLASSES Thelargestincrease in gifts othercollege guides to rate LYCOMING COLLEGE camefromannuities—life colleges. More than ever, your IGNIVGIIFNIG- 1993-94 1992-93 incomeplans in which money participation makes a big is given tothe Collegebut difference to the success of 1927 50% Annual Fund $543,103 $473,729 Lycoming. 1950 46% OtherGifts for 791,211 270,045 continuestoearninterestfor 1934 40% immediate use thedonorfortherestofhis DIVIDENDS 1937 39% Gifts to plant 180,477 270,938 life. 1962 39% The College also received Gifts toLycoming College are 1963 39% GEinfdtsowtoment 740,120 500,674 one ofthe most rewarding 1949 38% noticeof$1,562,500 in formsofphilanthropy youcan 1966 38% Loan Funds 2.212 11,712 expectancies, including a make, because these are gifts 1971 38% Gifts not yet 2,531 promised bequest of that help pass on the legacy of 1973 38% designated $1,000,000. The status of a Lycoming education from 1976 38% Total Gifts $2,257,123 $1,529,629 promised bequests can one generation to another. Future 1,562,500 355,000 change, ofcourse, but itdoes THERE IS Commitments indicate the promise ofa FOR THE RECORD MORE bright future. THAN ONE Total Gifts $3,819,623 $1,884,629 E3,510or 33% ofLycoming & Futures WAY OF IMMEDIATE alumni made gifts this year. CASH FLOW GIVING TO BThe Class of 1927 had the LYCOMING The annual fund grewby highestpercentage ofpar- COLLEGE COMPARATIVE 14.6% to a total of$543,103, ticipation with 50% giving. ENDOWMENTS passing the half-million dollar f A total of 1,215 parents and There are many different Harvard $5,778,257,000 mark forthe first time. This friends ofthe College made ways ofgiving a gift to Bucknell 136,082,000 pool ofunrestricted funds is gifts. Lycoming College. One or Allegheny 62,929,936 most importantto the College E27% ofthe staffandfaculty moremay have a particular Gettysburg 59,631,037 because it has an immediate supportedthe annual fund. advantage foryou, depending Susquehanna 38,070,599 impact on Lycoming's E Leadership giving (gifts of on yourcircumstances. Muhlenberg 37,691,419 financial needs. To agreat $100ormore) included 1,468 Cash Juniata 33,252,391 extent, it is this annual fund making gifts at this level. Gifts ofcash are available Lycoming 23,972.200 which determines how much immediately foruse by King's 17,249,788 financial aid we can give TEN LARGEST the College. In mostcases Albright 16,343,244 students in the coming year. GIFTS these gifts are fully deductible Widener 11,455,188 RATIOS i-alumnus $1,000,000 fordonors who itemize bequest provision deductions. Unrestricted We are most grati—fiedby the f:corporate 500,000 funds are usedby the College numberofalumni 33% of gift-in-kind — forthe institution's greatest all alumni solicited who r-sfcoiuenndcaetibounilgdiiftngto 120,000 needs, which may vary. supported the annual fund ralumnus gift 100,000 appeal this year. The percent- annuity forgeneral purposes ANNUAL FUND age ofalumni supporting an cfriendgiftannuity 80,000 institution has come to be to fund scholarship Allegheny1 used as a measurement of ffoundation gift for 52,915 Juniatam HHHI ^^''°- 19 $1,760.000 alumni satisfaction. It is akey numerouspurposes £banonValley ^|HHb .895,506 figure usedby many philan- r friend giftto chair 50,000 SusquehannaImB ||H$81!.542 endowment Lycoming1 $543,100 thropic foundations in Widener1^^$539,686 r^ foundation gift to 50,000 determining the worthiness of chairendowment Albright jJHH$509,235 an institution to receive a r:alumnus gift to 47,500 ElizabeWtihltkoewsn1|[m|i|l|H$4S6380,04.9C0OU grant. In addition, fund scholarship Messiah11$369.7"]2 alumni support is now one of r-past parents' giftto 45,000 $300,000 $500,000 $700,000 $900,000 $1,100,000$1,300,000$1,500,0,00.$1,.700,000 the yardsticks usedby U.S. scholarship OFFICERS OF THE Matching Gifts BOARD OF TRUSTEES Many corporations match gifts to chari- Mr. Robert L. Shangraw '58, table institutions made by employees, Chainmm family members, ordirectors. Ifyou Dr. RobertE. Hancox '65, Vice Chairman would like information aboutyour Mr.JohnC. Schultz, Secretary company's matching giftprogram, contact Ms. AnnS. Pepperman,Assistant yourpersonneloffice. Secretary BOARD OF TRUSTEES Securities The College welcomes gifts ofappreci- Mr. WilliamJ. Ainsworth "63 Mr. David R. Bahl ated securities: stocks andbonds. These Mr. DavidY. Brouse '47 gifts may be deducted at full market value on the date ofthe transferto Lycoming. In most Mr. LeoA. Calistri "59 Mr. Melvin H. Campbell '70 cases, these gifts will not be subject to tax on appreciated value. Mr. Harold D. Chapman Mr. RichardW.DeWald '61 Real Estate Dr.JamesE. Douthat Land, ahouse, ora farm may be given toLycoming outright. Oritcan be given with the Mr. DonaldE. Failor'68 Dr. RobertE. Hancox '65 provision that the college will use the proceeds ofthe sale to Mr. HaroldD. Hershberger,Jr. '51 provide the donor(oranotherdesignatedperson) with an incomefor Mr. K. Alan Himes '59 life. In eithercase, a substantial charitable deductionmay be TheRev. Dr. KenrickR. Khan '57 Mr. DaleN. Krapf'67 claimed. Mr. DavidB. Lee '61 Mrs. MargaretD. L'Heureux Life Estates Dr. RobertG. Little '63 Ahomecan be givento Lycoming with the provisionthatthedonor Mrs. Robert S. Lowry '72 Mr. D. StephenMartz '64 has arightto occupy the home fortherestofhislife. TheRev. BishopFeltonE. May Dr. ThomasJ. McElheny '69 Gift Annuities Mr. GeorgeA. Nichols '59 Inreturn foragift to the College, adonorcan receive income for Ms. Ann S. Pepperman Mr. V. Jud Rogers life, payablequarterly. The rate ofreturn is determined by the age Mr. Henry D. Sahakian ofthe beneficiary at the time ofthe gift. Mr.JohnC. Schultz Mr. Robert L. Shangraw '58 The giftitselfis acharitable deduction and aportion ofthe annuity Mr. Harold H. Shreckengast,Jr. '50 income is usually exemptfromfederal income tax. Rates, histori- The HonorableClinton W. Smith '55 Mrs. RussellW. Twigg '74 cally, are higherthan market. Mr. Burke R. Veley '60 Mr. Michael A. Warehime '64 Deferred Gift Annuity Mrs. Robert S. Yasui In adeferred giftannuity,the donorcanchoosetodeferreceiving Mr. Alvin M. Younger,Jr. '71 an income from thegift until a specified age (perhaps 65 or70). EMERITI MEMBERS This offers both a high tax deduction atthe time ofthe gift and ahigh rateofreturn. Dr. Samuel H. Evert '34 Consequently, it may be an attractive retirement alternative. Dr. KennethE. Himes Dr. W. Gibbs McKenney "37 Life Insurance Dr. FredA. Pennington '32 Mr. William Pickelner A giftoflife insurance namingLycomingCollege as the beneficiary is agood way to Mrs. John RichVI '42 make alargergift to the College than mightotherwise be possible. Plus, the donormay TheRev. Dr. WallaceF. Stettler claim acharitable deduction forthe costofthe premiums. This type ofgift is especially ADMINISTRATIVE attractive forayoungerdonorbecause thepremiums are lessexpensive. CABINET Dr. JamesE. Douthat.President Bequests Dr. John F. PiperJr.. An individual can includeLycoming College in his orherwill, by leaving theestate to Deanofthe College Mr. DanielG. Fultz '57,Executive Lycoming, apercentage ofthatestate, a specific dollaramount, orby naming Lycoming VicePresidentandTreasurer as the residualbeneficiary. Mr. Robert L. Mothersbaugh, DirectorofDevelopment For More Information Dr M. Ben Hogan, Dean ofStudentAffairs Ifyou have agiftquestion, contacttheDevelopmentOffice ofLycoining College Mr JamesD. Spencer.Deanof (717)321-4036. AdmissionsandFinancialAid

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