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Planned Giving

Honoring Accomplishment and Family through Scholarships

BetheaTwenty-six alumni call themselves Bethea Scholars, and as such, they are forever associated with a name and a family that has deep Davidson roots. The scholarship was made possible through a bequest given by Andrew Bethea ’31, who died in 1974.

“Andrew was one of the greatest people of all time,” said Toby Bethea ’63, his nephew.

Our entire family—certainly my parents when they were alive—has always been proud to see what a significant impact a scholarship could make in the lives of students.”

The family connection is important to Bethea, and he makes a point to tell the scholars he meets about his family members and their longtime Wildcat pride. The scholarship honors Toby as well as Toby’s father and second cousin, all Davidson alumni.

“I’m always reminded of Frontis Johnston ’30, professor and dean at Davidson for many years, who would remind us ‘of those who have much, much is expected,’” said Bethea. “That sense of honoring accomplishment really is embedded in the purpose of the scholarship.”

Gerard Dash, a Bethea Scholar, graduated in 2013 with a degree in political science. Now living in Atlanta, he is an executive search and assessment professional at Russell Reynolds Associates.

“I am incredibly thankful for the Bethea Scholarship, as it played an integral role in my decision to attend Davidson,” said Dash. “The financial assistance it provided significantly reduced my overall financial burden, which allowed me to fully immerse myself in the Davidson experience and explore other opportunities outside of the classroom. While at Davidson, I had the privilege of serving as student body president, and without this scholarship, I most likely would not have had enough free time to engage in those sorts of activities. Overall, I truly enjoyed my time at Davidson and I felt prepared for the "real world" upon graduation. I greatly appreciate Toby's thoughtfulness and generosity, and I am glad we have remained in touch over the years.”

The most recent graduate, Xzavier Killings ’16, won a prestigious Watson Fellowship. Building on his passion for medicine, athletics and service, and inspired by his time studying in Germany, the biology major will spend the next year traveling to Jamaica, Zambia, India and Belize. He will examine different approaches to healing, as well as how communities are empowering patients to sustain their healthcare outside of hospital walls.

With his long-term goal of becoming a medical practitioner, Killings hopes to learn what makes these international health programs successful so he can bring those ideas back to the United States.

“I didn't expect to be supported as much as I am by professors, staff and students,” said Killings, who, in addition to the Bethea Scholarship, also received the Bonner Scholarship and the Allen V. Beck Jr. Scholarship. “My community of athletics, academics and my social family all intertwine and support each other, working toward a common goal. It's only right that I pay that support forward.”

The Bethea Scholarship Program has made a significant difference for many lives, and the impact of this support will only grow with each passing year and each new story to tell. Preparing lives for leadership and service ... that’s the Davidson mission, and the Bethea Scholarship helps to make it happen.

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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] or [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.

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