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Planned Giving

Art and Pepper

Jim Pepper

Jim Pepper

Jim Pepper '65 wasn't an A+ student. He viewed Davidson as his laboratory where he learned to deal with different kinds of people and enjoy them all along the way.

Admittedly, the Davidson he attended did not offer much in the way of broad cultural experiences. Students involved in the arts were already skilled artists and brilliant musicians. There wasn't the art experience that exists on campus today.

Pepper is one to thank for the evolution of the arts at Davidson. He has given much to Davidson—pieces from his personal collection, the creation of the Pepper Visual Arts Scholarship Program and most recently, the Jaume Plensa sculpture that so beautifully sits between Chambers Building and Dormitory Drive and serves as a daily conversation starter among passersby.

He plans to continue his generosity to Davidson and has included the college in his estate plans.

"If students are exposed to great art or even to mediocre art—because who's to say which is which—they can grow without realizing it," said Pepper. "You do absorb things just by casually looking at or passing by art, and the acceptance of it translates to how you accept and tolerate different cultures and languages and the like."

Pepper acknowledges the increasing educational opportunities available on the Internet, and he cites culture as one of the things that can't be conveyed via the Web.

"Culture is in the air you breathe," he said. "If art is physically present, students can actually see and touch it, and when the faculty come together and think in an interdisciplinary way, art can be brought into just about any field of study. When you're on campus, and art is all around you, it becomes a part of you."

After graduating from Davidson and moving to New York City, Pepper remembers encountering young people who came from more cultured backgrounds, and he's pleased that today's Davidson's graduates have the opportunity to develop a greater awareness of the arts.

"Davidson gave me a great deal, and I have tried to use it well," he said. "Above all, I got a great education!"

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Davidson College 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

Bequest Language

I, [name], of [city, state ZIP], give, devise and bequeath to Davidson College [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 Davidson 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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 Davidson as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 Davidson 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 Davidson where you agree to make a gift to Davidson 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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