Legacy Gift Planning

LEGACY GIFT PLANNINGSANTA CLARA UNIVERSITY OFFICE OF GIFT PLANNING

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“What truly is inspiring about a planned gift is the faith it demonstrates in santa clara’s future.”

he men and women featured in this booklet range in age from

25 to 84, yet a common bond unites them. They have all experienced—

often firsthand—how Santa Clara University transforms lives.

For some, a Jesuit education provided an enduring spiritual bedrock.

Others met the love of their life on campus or were the first in their

family to attend college. While studying abroad one donor saw

how poverty can devastate a community and now organizes

international service trips. In short, they all developed a belief

in the power of a Jesuit, Catholic education.

Another bond they share is their participation with the

Thomas I. Bergin Society. By including Santa Clara University

in their estate plans, they choose to make a Santa Clara

education possible for others. Learning the stories behind a

donor’s legacy only deepens my thanks for their vital support

of the University’s mission.

What truly is inspiring about a planned gift is the faith it

demonstrates in Santa Clara’s future. Whether the donation

funds a scholarship or sustains a specific program, these gifts

ensure that students will continue to have life-changing

opportunities at Santa Clara University.

Michael E. Engh, S.J.

President

Santa Clara University

T

A Message from the President

www.scu.edu/giftplanning | 1

“We believe in perfect timing.”

Terry Giorgetti ’71 and Rick Giorgetti ’70

t dawn of the first day of SCU’s 1968 spring break, Rick Giorgetti ’70 was shaken awake by his

college roommate returning from Salinas and was reminded of the ski trip he was to leave for—in five minutes!

Stumbling out of his Santa Clara University dorm room, he caught the bus just as it pulled away from the curb.

“There was one open seat left on the bus,” he says. “And that was next to Terry [Tarantino] ’71.”

Rick and Terry married shortly after graduating from SCU. It’s a story about the irresistible influence of the

right place at the right time. But the rest of their story shows the power of planning.

Right from the start of their marriage, charity was important in their busy lives. However, like many newlyweds,

they could not write large checks, so they volunteered to help fundraise for several causes. These causes

included the Holy Family Church, Presentation High School, Rotary, and Santa Clara University’s Bronco Bench

Foundation, which raises money for athletic scholarships. As they grew older, they became active donors.

Their fundraising experience familiarized the Giorgettis with planned giving, and it was a natural fit to ensure

that the church, schools, and organizations they supported would continue receiving that support onward.

“Anybody can do this,” Rick says of bequeathing a life insurance policy to charity. “It doesn’t take an enormous

fortune to do what we did.”

“What is important to me is that students will benefit,”

Terry adds. “Graduates from Santa Clara do great things

for the community.”

Or put another way, it’s a legacy that finds more people—

during an important time in their lives—in just the

right place.

A

Choices for Giving

Gifts of Life Insurance and Other Assets

Perhaps you have an existing paid-up life insurance policy

you no longer need or a valuable collection that could

benefit Santa Clara University. There are many ways that

life insurance policies and other assets can fulfill your

philanthropic desires while also benefiting your estate

now or in the future. Find out how others have made

charitable gifts of life insurance or other appreciated

assets by contacting the Office of Gift Planning.

“We believe in perfect timing.”


t’s a simple question, yet difficult to answer. Anne Middleton ’71 heard it first from

her father, as her career went from teaching to journalism to university public relations and

fundraising. When Middleton retired, she asked it once more of herself.

She turned down offers to return to fundraising, a field she had specialized in at the University of

California at San Diego, and followed her heart. Some of her most rewarding years were writing

for newspapers. Middleton wanted to tell stories again.

“That’s what I do now. I teach people how to write autobiographies,” she says. “When I wrote

my dad’s memoirs a year before he passed away at nearly 87, it was the best thing I’d ever done.

I discovered that it’s good for people, no matter what age, to tell their stories.”

As part of Middleton’s training to become a guided autobiographer,

she chronicled her own experiences. The first assignment was to

write about a turning point in her life. She immediately thought of

Santa Clara University.

At Santa Clara, Middleton met “the best friends I’m ever going to have.”

She studied abroad in Mexico City and traveled around Europe after her

junior year with friends. Now, Middleton and her classmates still travel

together, celebrate birthdays, and keep their “Santa Clara connection” alive

at reunions and frequent get-togethers.

This is why Middleton made a bequest to Santa Clara—she realizes just how

important those first chapters of a life story can be. “There’s no greater gift you

can get than a first-class education. It’s not just about the courses, but what’s

also important are the friends you make and the values that are instilled.”

I

Choices for Giving

Tax-Wise Gifts of Real Estate

When you give your home or other real estate to

Santa Clara, you create an enduring testimonial

of your interest in our mission. Your personal

satisfaction is also complemented by valuable

tax benefits. You will receive a charitable

income tax deduction for the full fair market

value of the property and eliminate tax on the

property’s appreciation. You may make your gift

of real estate now or leave it for the future in

your estate plan.

“What would you do if you could do anything?”

4 | www.scu.edu/giftplanning

“What would you do if you could do anything?”

Anne Middleton ’71

There’s little doubt that over the years the Mission Church has been the site of many weddings.

So, here’s a better question: How many people have gone there for a first date?

“Joe asked me to go swing dancing, but I was going to Mass that morning,” says Cathy De Maria ’70. “He said

he’d meet me for Mass.”

“That’s when you thought, maybe he’s not too bad,” Joe De Maria adds.

The De Maria’s continued to see each other, and in 1992 made another date at the Mission—this time to get

married. For Cathy, the choice of venue was easy because Santa Clara is, in many ways, Cathy’s “first love.”

Cathy was the first in her family to attend college, and Santa Clara was her first Catholic school. “At Santa

Clara, I wasn’t just learning academically, but also emotionally, spiritually, and in all regards,” she says.

“The education inspires you to be a better person, emerging with competence, conscience, and compassion,

as Fr. Locatelli coined the phrase.”

After graduating, Cathy briefly substitute taught at schools in San Jose before working in the University’s

business office and later in the administrative offices while William Rewak, S.J., was president at Santa Clara.

Years later, she joined and ultimately became president of the Catala Club, an SCU fundraising group for

women that supports scholarships.

When she made plans for her estate, Cathy was sure to include the Catala Club. It’s her way of passing on

an experience that shaped her life. After all, the University provided her spiritual fortitude, intellectual

curiosity, and a passion to help others. And Santa Clara didn’t do such a bad job screening her dates either.

“A great beginning can be a powerful thing.”


“A great beginning can be a powerful thing.”

Joe De Maria and Cathy De Maria ’70

Choices for Giving

Gifts that Santa Clara

Can Use Today

Outright gifts of cash, appreciated securities,

mutual fund shares, valuable collections, art,

or real estate can be used to support current

programs, add to or establish a named

scholarship or endowed fund, or provide for

capital improvements. An added benefit for

many of these gifts is that they may avoid

long-term capital gains taxes.


“I care about meaningful things having a big impact.”

Kyle Ozawa ’08

yle Ozawa ’08 remembers the exact moment he realized how abnormal his

life is. He had just returned from a two-week Santa Clara University immersion trip

to El Salvador when it hit him.

“Here I am living in the richest country in the world,” he says. “And in one of the richest states

in that country. And in one of the most affluent communities in that state. My norms really

aren’t so normal.”

Since graduating with a business degree, Ozawa started work at Google and was invited to represent

young alumni on the SCU Board of Regents. As a senior, he cofounded the El Salvador Business

Immersion Program through the Leavey School of Business. He has returned to El Salvador, along

with travels to Mexico and poverty-stricken areas of the U.S., with both students and alumni.

Of these trips with business students he says, “Many SCU grads

become business leaders. I hope they use this wider perspective

to consider the impact of their decisions.”

One more example of how Ozawa’s life isn’t exactly normal:

He’s the only person his age he knows who has a will. Google

provided third-party software for the task, which was just

enough incentive to put his wishes down on record. He under-

stands why people his age may be a bit uncomfortable thinking

about wills, but for Ozawa the importance of family and the

University to which he’s dedicated so much of his young life

outweighed his own discomfort.

“In the unfortunate circumstance something does happen to

me, I want to know that my assets will be left to the people and

organizations I cherish.”

K

Choices for Giving

Leave a Legacy

Through Your EstateYou can designate a portion of your estate through

a bequest in your will, trust, or retirement plan

assets. Bequests to Santa Clara may be in the

form of a fixed dollar amount; a portion of an

estate; the residue of an estate; a particular parcel

of real estate; or a particular security such as life

insurance, stocks, or artwork. There are many

options when it comes to a bequest and we can

provide suggested language to you and your

attorney to match your philanthropic priorities with

important priorities for the University. Be sure to

let us know you have included SCU in your future

plans—we want to say thank you.

“I care about meaningful things having a big impact.”


ad they been born in a different time, Walter Conn ’55 and his wife Donna may

have set out west by covered wagon, or perhaps sailed off the edges of maps aboard galleons.

“We’ve traveled constantly,” says Donna. “I’m convinced Walter is part gypsy.”

Just their meeting—at a tennis court dance at Santa Clara University—required a bit of migration.

Walter’s family landed in southern California from Cleveland, while Donna’s moved from Montana

to Australia to Colorado—and finally to California.

After their marriage in 1957, they moved overseas when Walter was stationed in Germany with

the Army. During leaves, the couple canvassed the continent, where Donna’s skill with language—

she speaks Spanish, German, Mandarin, and some French and Russian—proved invaluable.

Walter would go on to be successful in property management in southern California, rising to

chairman and owner of the real estate firm Charles Dunn Company. Through seeing the world,

raising three children, and building a business, he never lost sight of the

importance of his time at Santa Clara.

“Without an education, you’re at a tremendous disadvantage,” Walter

says. “My Catholic education is the foundation of my life, of who I am

as a person.”

When the Conns became active in philanthropy, they honed their focus on

students. A combination of an athletic scholarship, ROTC stipend and

part-time jobs, which included driving a school bus, put Walter through

school. That’s why he reminds the recipients of the Conn’s scholarships

“when you’re successful don’t forget to help other people along.”

“With education, you’re magnifying your money,” Donna adds.

“It’s a gift that’s multiplied on and on, both in the students’ lives

and in the lives that they touch.”

H

Choices for Giving

Leave a Residence to SCU

and Continue to Live in ItYou, along with your spouse or partner, may

want to leave your home, vacation, or farm

property to Santa Clara but want the security of

remaining in the property during your lifetimes.

When you designate ownership of your prop-

erty to Santa Clara, you receive an immediate

charitable income tax deduction. When Santa

Clara eventually receives the property after your

lifetime(s), the proceeds will be used to fund a

priority on campus that is important to you and

the University.

“Education is a gift that is multiplied on and on.”


“Education is a gift that is multiplied on and on.”Walter Conn ’55 and Donna Conn

“I wish everyone could feel inspired.”

Sylvia Tellez ’79

ylvia Tellez ’79 is the youngest of nine children. She was born in San Diego and traces her

roots to Mexico—a point of pride for Tellez, who would always correct people when they misidentified

her ethnicity. “I would tell them, ‘I’m not Spanish, I’m Mexican,’” she says.

Growing up in the ’40s and ’50s, Tellez felt the pressure from stereotypes attached to women and minorities.

School counselors directed her away from college-track classes, and Tellez seemed destined for a career path

as a secretary. That outlook changed as a student at Santa Clara, where she received a grant from the Everett

Alvarez, Jr. Scholarship Foundation and came to see herself as “an individual who had power and who had

gifts, and who was not just going to do what someone else expected of me.”

After retiring, she reflected on the lessons she learned

at Santa Clara and how they have guided her—in

her career, in her spiritual life, and as a member of her

community. The decision to donate to a scholarship in

honor of Everett Alvarez, Jr. through her retirement

savings became obvious.

“How could you not?” Tellez says. “I’ve received so much.

The tradition here is to have people grow. Santa Clara is

so nourishing. I was offered a hand and I took it.”

In her way, Tellez is ensuring that future generations may

be offered a hand as well.

S

Choices for Giving

Gifts of Retirement FundsYou may designate Santa Clara University as the

beneficiary of a 401(k), 403(b), Individual Retire-

ment Account (IRA), pension and profit sharing

plan, Keogh plan, and other forms of retirement

plans. Such gifts may benefit your estate during

or after your lifetime. You may choose to give

any portion of your plan or to designate the

University as a contingent beneficiary. We can

help you with the specific language and steps

involved to accomplish this goal. These types

of gifts may be the most cost-effective gift you

can make while providing less-taxed assets for

loved ones.

“I wish everyone could feel inspired.”


typical February in California means forgetting umbrellas and coats,

but not the sunscreen. Santa Clara University couldn’t have planned better weather

for Family Weekend, the annual two-day slate of events for students and their parents.

“It’s wonderful to see parents with their children on campus,” says Karrie Grasser ’70. This is

a familiar feeling for Karrie and her husband Phil Grasser ’67, M.A. ’69, who had all three

of their sons graduate from Santa Clara. In fact, their oldest son, Brian Grasser ’97 married a

fellow Bronco, Jane Hynes Grasser ’97. In addition, Karrie has a hand in many happenings at

SCU as director of University events and protocol, and Phil has helped organize alumni service

trips to his hometown of New Orleans.

So over the years, they saw firsthand the evolution of the University whether that was new

buildings or an expanding student body. Despite the changes, they agree that throughout this

time there has always been a “feeling of family” on campus.

“It’s true, there’s a Santa Clara family,” says Phil. “All three of our

sons still have a great cadre of classmate friends.”

The Grassers have given back to Santa Clara as if it were part of

their family, knowing the impact of the University on their lives,

the lives of their sons, and their community. That’s why they have

made a bequest to the University—it’s an institution they want to

see thrive, especially now that they have two young grandchildren.

Who knows? Maybe the Grassers have another SCU Family

Weekend in their future.

“We both loved our time here, we both think the University did

great things for us,” says Phil. “The bonus was that our children

got to go here and have the same feelings we do.”

A

Choices for Giving

Gifts that Pay Secure and

Fixed Income for LifeThere are several ways to make a gift today, receive

an income tax deduction, and secure annual income

for your lifetime or for your loved ones. Backed by

the University’s assets, when completed, this type

of gift will support the important mission of the

University in an area that is important to you. Some

of these types of gifts may have an added benefit

to your estate if they have been funded with assets

that have appreciated significantly since they

were acquired.

“It’s important to support what you love.”


“It’s important to support what you love.”

Karrie Grasser ’70 and Phil Grasser ’67, M.A. ’69

“I believe we express our values through giving.”John Feerick

en years ago, when he received a call from Fr. Joseph Daoust, then president of the

Jesuit School of Theology (JST) in Berkeley, the last thing that John Feerick was looking

for was another responsibility.

“At that time, I think I was on 28 boards—not-for-profits, public service boards, all kinds of

committees,” says the former dean of the Fordham University School of Law.

Fr. Daoust began his pitch saying, “I’ll make you an offer you can’t refuse.” And he was right.

After all, Feerick’s daughter Rosemary was a Master of Divinity student at the JST, and Feerick himself

was a product of and staunch advocate for Jesuit education.

“A lawyer serves people as an advocate,” Feerick says. “So there’s a

compatibility between the lawyer code and the Jesuit tradition of

serving others.”

In the decade since joining the JST board, Feerick has become more

and more impressed by the global reach of what he calls a “flagship

school.” He has learned how the studies of students from places such

as Africa and India will impact their communities back home. Which

is why, as Feerick’s involvement with nonprofits began winding down,

the Jesuit School of Theology remained among the organizations

that held his strong devotion—and one that he made a part of his

estate planning.

“There are layers of giving,” he says. “You have to take care of

your own needs and your family’s needs. But in my mind, there’s

always been a concept that it’s not enough to do for yourself. If

you can, find a way to reach the wider world and change the lives of

complete strangers.”

T

Choices for Giving

A Gift with

Built-in FlexibilityA charitable remainder unitrust is like a

combination of a gift and an investment

plan. You place assets in trust, and you

(and/or another beneficiary) receive income

for life or for a set number of years from

those assets—then Santa Clara receives

the remainder. This option is excellent as

supplemental retirement income and as a

hedge against inflation. We can provide you

with a variety of options and details.

“I believe we express our values through giving.”


egacy gift planning’s greatest impact is felt by those students who

require financial aid to attend Santa Clara University. Erick Castellanos Jimenez

and Jacqueline Gage are students whose scholarships funded by legacy gifts have made

the dream of a college education and the influence of SCU values possible.

“I am a native of El Salvador where I used to attend a Jesuit private school. The

values of the Jesuit tradition are why I chose Santa Clara University. Financial

aid has allowed me to stay at Santa Clara and double major in Biochemistry and

OMIS [Operations and Management Information Systems]. Currently, I am

assisting Professor Korin Wheeler’s investigation into how a specific toxin, silver

nanoparticles, affects our bodies. I also tutor at a local high school, where I help

prepare students for college. The fact that I have the opportunity to make an

impact on my own community while I’m still in school is very rewarding.”

— Erick Castellanos Jimenez ’13

“As a marketing student, I’ve applied my business classes both on and off campus.

Within the marketing department, I have taken a position as a research assistant,

studying data on how consumers review restaurants. I am also pursuing my dream

as a singer and started my own jazz group, ‘Jackie Gage and the JurrasiC.’

This has tested my leadership and business abilities—planning rehearsals, finding

venues, tracking expenses, and managing social media. So far, we’ve performed on

campus and around the Bay Area. This year, I was invited to perform at SCU’s

Golden Circle event, which was a dream come true. Without financial aid, these

opportunities would simply not be available to me.”

— Jacqueline Gage ’13

L

Dreams and Values


Erick Castellanos Jimenez ’13 Jacqueline Gage ’13


Thomas I. Bergin was Santa Clara College’s first graduate and

the recipient of the first bachelor’s degree awarded in California. After

graduating in 1857, Bergin went on to study law in New York and later practiced

in San Francisco. The legacy he left to his alma mater in 1915—a $100,000 cash

bequest in his will—was one of the first received by Santa Clara and helped

finance the recently founded Santa Clara School of Law.

Founded by President William Rewak, S.J., in 1987, the Thomas I. Bergin Legacy

Society honors and thanks those alumni, friends, parents, faculty, and staff who

have either made a provision or have stated to the University that they intend

to make a provision for Santa Clara University in their estate plans.

“A university such as Santa Clara is built by the work of many people

over an extended period of time—in Santa Clara’s case more

than 150 years,” says Fr. Rewak. “The Bergin Society is a

way to remember the names of the people who helped

carry out this work.”

Since its founding 25 years ago, the ranks of

the Bergin Society have grown from roughly

200 benefactors to more than 1,000. In this time

the University’s endowment, one of the primary

destinations for bequests, has surged from under

$100 million to more than $700 million. In much

the same way that the earliest donors to Santa Clara

laid a foundation for the University’s later success,

today’s generation of donors continues to shape

the future of Jesuit education in Silicon Valley.

“Universities are built by many.”Chancellor William Rewak, S.J.

Management of Your Planned Gift

Santa Clara University and the Office of Gift Planning are here to support and work with

you and your advisors in a joyful experience that meshes your charitable giving with your

estate priorities.

Santa Clara may serve as the trustee of charitable remainder trusts and charitable gift

annuities. You may also choose to serve as the trustee of your charitable trusts that still

benefit the University.

You are always welcome to contact us for more information and a confidential review

of your plans.

408-554-2108 www.scu.edu/giftplanning [email protected]

OFFICE OF GIFT PLANNING500 El Camino RealSanta Clara, CA 95053-1400www.scu.edu/giftplanningemail: [email protected]

SCU

OMC-

8195

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2012

5,

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Pounds of paper

Number of trees saved

Total energy saved

Greenhouse gasreduction (PCRF)

Greenhouse gasreduction (green power)

Wastewaterreduction

Solid waste reduction

2,500 7.5 5.25 million BTUs 821 lbs. 2,807 lbs. 2,692 gallons 708 lbs.

Paper Choice – Environmental Benefits StatementUsing post-consumer waste fiber

Calculations based on research by Environmental Defense and other members of the Paper Task Force.

FPO print 12Y, 41K

Legacy Gift Planning

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