Case Study
Nancy ’29 wanted to create income streams for her four children, beginning immediately and continuing for their lifetimes. Since the children were all older than 50 but not yet 60 years of age, gifts through Smith’s pooled income funds satisfied her objectives. In donating securities through a pooled fund, Nancy gave away all of her capital gain in those assets. In each case she received a charitable tax deduction.

Nancy majored in English and French at Smith, with special interests in psychology, philosophy and human nature. In 1930 she married a recent Yale graduate who believed that Commencement should be the beginning of ongoing, lifelong education.

“I had always planned to mention Smith in my will, but I discovered Smith had the same opportunities for deferred giving as Yale, and I decided I would not postpone the pleasure of making the gift. I named my four children as income beneficiaries for their lives, making gifts to them now, rather than waiting for their share from my tax-reduced estate at death.”