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Scholarships--Franklin Willard Smith '28
Entered from Upper Darby High School in 1924
Liberal Club; Scientific Society, Vice-President (4); Radio Club, President (4); Corporation Scholar (4).
Franklin Willard Smith, from the Class of 1928, a classmate of Jonathan E. Rhoads, was referred to as the perfect student in the 1928 Record (Yearbook). Franklin's fondness for Haverford was demonstrated through his generous bequest to the College. His will provision established a scholarship fund in his name which continues to support several Haverford students each year.
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 Haverford 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 Haverford as a lump sum.