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Planned Giving

Changing Lives, Present and Future

 Don and Anne Stapleton Davidson

Davidson College alumni often point to specific experiences during their time on campus and describe them as life changing. Maybe a professor encouraged them to think in an innovative way. Maybe a friend taught them something new about relationships. Maybe a student organization made them feel more welcomed than they had ever felt in the past.

Perhaps Don '39 and Anne Stapleton Davidson did not realize they were creating life-changing opportunities when they established the Stapleton/Davidson Urban Service Internship Program in 1989. All they knew is that they wanted to create an experience that was consistent with the founding purpose of Davidson and that lasted more than a day or a week. They also wanted students to get paid through cash, housing and some transportation services.

"I'm Scotch-Irish, so I'm always looking for ways to get $2 worth of value out of every $1," said Don Davidson. "Partnerships were the way to make that happen."

Twenty-five years later, the internship program continues to thrive. Each summer, five students are placed in social service agencies where they experience full-time engagement among the urban poor in Charlotte. They meet weekly with the college chaplain and local religious leaders to reflect on issues of faith, social justice, scripture and the role of the church in responding to the concerns of the urban poor.

A past intern had this to say about the experience: "I was placed in the very heart of homelessness, heartache, and hopelessness, working with men who have been drug dealers, or addicts, or have just gotten out of prison. As I got to know them, I felt an incredibly strong connection, becoming good friends with an ex-gang-member, a mentally handicapped individual (who made my day every day), and a man who had spiraled heavily into depression. I felt my whole outlook on myself and my life begin to change."

"This internship consistently helps students develop a deep understanding of the realities faced by impoverished neighbors," said Rob Spach, Davidson chaplain. "The experiences and relationships have been transformative, often helping students to grow in their own Christian faith, clarify their sense of vocation and make life choices that reflect God's concern for people who live at the margins of our society."

Today, Don Davidson supports the program through current-use gifts and by provisions in his estate plans.

"I have said many times that I could never repay Davidson for what it did for me," said Davidson. "When Anne died in 2005, we sold the principal portion of our last business. We have always believed in giving, and a primary thing we wanted to do was establish something at Davidson that would be lasting and would do in the lives of students what Davidson did in my life."

Davidson's involvement in the program has far exceeded the dollars given. He entertains the students at the end of each year so they can share experiences and stories. Additionally, each student is required to write a report at the end of the internship-a way to document the experience and to outline how the internship could be improved in the future.

"I still have every single report that has been written," said Davidson. "They are very special to me.

"Really, I haven't done anything to deserve any praise," he continued. "What I've always wanted is for Davidson to remain faithful to its founding purpose. I think this experience is life-changing for some of the students, and it doesn't hurt anybody along the way."

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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 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 Davidson 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 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.

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