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Winthrop Dolan: A Life of Service

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It could be said that Dr. Winthrop "Win" Dolan had a servant's heart. He served Linfield College, the church and the community with good humor and joy. His life was filled with examples of service, including mentoring young people, singing in the church choir, acting in plays and offering advice to college graduates. His lifetime of service touched thousands of people in countless ways.

Linfield was a recipient of Win's service for more than 60 years. His death on March 14, 2009, at 100 years young, has left a void at the college, in the community and with his family. In addition to his many roles at the college (faculty, dean of faculty, interim president and member of the Board of Trustees), Win also served as the first secretary for the Founders' Society, established to recognize individuals who include Linfield in their estate and philanthropic planning.

Win was a proud member of the Founders' Society, having established nine charitable gift annuities during his retirement years. These gift annuities were a part of Win's philanthropic planning, as well as a complement to his financial planning during retirement. He often said how pleased and amazed he was that those gift annuities enabled him to meet his self-imposed goal of becoming a major donor to Linfield, given his modest financial means.

Through his charitable gift annuities, Win secured a dependable stream of payments that lasted until his death. When signing up for his latest gift annuity, Win told Craig Haisch ‘95, director of planned giving, that he felt good knowing that he was getting a better return than he could through any commercial savings vehicle. He was also pleased to help ensure the continued success of the college in fulfilling its mission of Connecting Learning, Life and Community.

Thanks, Win, for your dedicated service to Linfield and the tremendous spirit of generosity you shared.

For more information about how a charitable gift annuity might help you with your own charitable and financial planning, contact Craig L. Haisch '95, by chaisch@linfield.edu">email or at 503-883-2675.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Linfield 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

"I hereby give _________ (specific dollar amount or % of estate) to Linfield College, located at 900 SE Baker St in McMinnville, Oregon (federal tax identification number 93-0391586) for _______________ (specific purpose, if any)."

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 Linfield 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 Linfield 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 Linfield 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 Linfield where you agree to make a gift to Linfield 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.

Personal Estate Planning Kit Request Form

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