Lycoming College magazine

14 Pages·1994·0.77 MB·English

by  Lycoming College

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•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
[phone]. AdmissionsandFinancialAid