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Will Provisions--Tim Harvey '02
"When I first walked on campus, then a junior in high school, I felt a sense of comfort and ease with the environment and student body—like Haverford was a place I would be able to grow as a student and a person. Throughout my years at the College, the commitment made by Haverford to all members of the community reinforced and strengthened these initial impressions.
"Since graduating, my economics degree has taken me to the turbulent world of financial markets. When I consider long-term investments—ones that will last not only for decades, but generations to come—my thoughts return to Haverford. As a young alumnus, I don't expect the dollar value of what I can contribute to pay for a dorm, or perhaps not even a bench. What it does accomplish, however, is to keep me connected to the community that I still value so dearly. With my Annual Fund gifts and a bequest to the college, I can be confident that, from my first steps on campus to my last paces in life, I am offering the same enduring commitment."
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.