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A Legacy of Lifelong Learning
During his time at Davidson, Joe Logan '77, a member of one of the first co-ed classes on campus, says the message of giving back was regularly taught and shared. Whether through time or money, he always knew he would want to remain involved and engaged as an alumnus. What Logan has done, in fact, goes quite a bit further.
Logan, who recently retired as the executive director of the International Casual Furnishings Association, generously supports the Logan Family Scholarship and has volunteered for several class reunions and as part of the now-named Fund for Davidson leadership council. To ensure that his legacy of giving is carried through for many years to come, Logan has made provisions for Davidson College in his will.
"I believe in the mission of The Davidson Trust and helping deserving students," said Logan, a self-proclaimed lifelong learner who recently enrolled in a viticulture/enology program at a local community college. "I also want others to be able to share in the Davidson experience. In my career and personal life, no colleagues or friends who attended other educational institutions have the depth of ties that I and my classmates feel to Davidson. It is a very special place."
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 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.