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FALL 2017 gift wise Dear Friends: is special issue of Giftwise highlights and celebrates gifts from faculty. Your remarkable professors no doubt left a lasting impression that you carrywith you to this day. We hope the variety of ways they have structured their gifts to invest in what matters most to them might be instructive to you as you consider your personal philanthropy and financial and estate plans. —Margaret McComish Director of Gift Planning WHEN JOHN HYDE MATRICULATED AT Williams, he found himself in a quandary familiar to generations of Williams students: how to fulfill requirements in the division(s) outside his wheelhouse. A passionate historian who was self-conscious about his math skills and not inter- ested in spending time in a lab, he was sure he had hit the jackpot when he encountered a science course with history in the title: e History and Method of Science taught by Donald Richmond. He found in Don, not just an engaging science class but, more importantly, lifelong inspiration. Don recognized introductory courses were designed for science majors and that non-scientists were looking for something different. Don’s course, created outside of his regular teaching responsibilities, explored JOHN HYDE'S TEACHING FELLOWSHIP how scientists go about gathering and evaluating evidence. John’s college career was interrupted by a stint in the navy during the Korean War but ultimately he returned to Williams graduating in 1952. Graduate school at the University of Minnesota was followed by doctoral work at Harvard and before he even finished his dissertation he landed back in Williamstown, this time as a member of the faculty. A distinguished professor of history, John also served as the Dean of Freshman and the Dean of the College, and Don’s example stuck with him throughout his four decade career. In retirement he proposed a fellowship that would allow select faculty to expand their teaching in new directions. John’s vision resonated with President Adam Falk and with John Hyde ’52 encouragement from Adam and the Dean of Faculty’s Office e John Hyde Teaching Fellowship was launched. e Hyde Teaching Fellowship supports versatility in teaching as well as the careful development of courses which promote broad-based learning. Hyde Fellowship recipients are encouraged to stretch beyond their specific areas of expertise in order to teach broadly within their own discipline. Or as John sums it up, “At the heart of what I’m trying to do is recognize really good teachers.” connues on next page
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Director of Gift Planning giftwise · 2018-04-19 · giftwise FALL 2017 Williams College does not provide legal or tax advice. We advise you to seek your own legal and tax advice

May 30, 2020

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Page 1: Director of Gift Planning giftwise · 2018-04-19 · giftwise FALL 2017 Williams College does not provide legal or tax advice. We advise you to seek your own legal and tax advice

giftwise FA L L 201 7

Williams College does not provide legal or tax advice. Weadvise you to seek your own legal and tax advice in connectionwith gift and planning matters.

Office of Gift Planning75 Park StreetWilliamstown, MA 01267

Non-Profit Org.US Postage

PAIDPermit No. 121

Pittsfield MA

ADDRESS SERVICE REQUESTED

giftwise FALL 2017

FA L L 201 7

giftwise

Dear Friends:This special issue of Giftwise highlights andcelebrates gifts from faculty. Your remarkableprofessors no doubt left a lasting impressionthat you carry with you to this day. We hope thevariety of ways they have structured their giftsto invest in what matters most to them might beinstructive to you as you consider your personalphilanthropy and financial and estate plans.

—Margaret McComishDirector of Gift Planning

Are you:◗ The the owner of a traditional

Individual Retirement Account(IRA)?

◗ Age 70½ or older?

AND

◗ Not in need of all or part of yourrequired minimum distribution?

Did you know you can use up to$100,000 of your IRA assets, per taxyear, to make a gift to Williams?The gift:

◗ Is not treated as federally-taxableincome (no federal income taxcharitable deduction)

◗ Reduces your adjustable grossincome

◗ Thereby may provide you with taxbenefits.

Use your IRA gift to make your annualdonation, to pay off an outstandingpledge, to enhance an existingendowed scholarship fund, or supportother Teach It Forward campaignpriorities. Your generosity will benefityou and Williams!

WHEN JOHN HYDE MATRICULATED AT

Williams, he found himself in aquandary familiar to generationsof Williams students: how to fulfillrequirements in the division(s)outside his wheelhouse. A passionatehistorian who was self-consciousabout his math skills and not inter-ested in spending time in a lab, hewas sure he had hit the jackpot whenhe encountered a science coursewith history in the title: The Historyand Method of Science taught byDonald Richmond.

He found in Don, not just anengaging science class but, moreimportantly, lifelong inspiration.Don recognized introductory courseswere designed for science majorsand that non-scientists were lookingfor something different. Don’scourse, created outside of his regularteaching responsibilities, explored

JOHN HYDE's tEacHiNg fEllOwsHiphow scientists go about gathering andevaluating evidence.

John’s college career was interruptedby a stint in the navy during theKorean War but ultimately he returnedto Williams graduating in 1952.Graduate school at the University ofMinnesota was followed by doctoralwork at Harvard and before he evenfinished his dissertation he landedback in Williamstown, this time as amember of the faculty.

A distinguished professor ofhistory, John also served as the Deanof Freshman and the Dean of theCollege, and Don’s example stuckwith him throughout his four decadecareer. In retirement he proposeda fellowship that would allow selectfaculty to expand their teaching innew directions.

John’s vision resonated withPresident Adam Falk and with

John Hyde ’52

encouragement from Adam and theDean of Faculty’s Office The John HydeTeaching Fellowship was launched.The Hyde Teaching Fellowshipsupports versatility in teaching aswell as the careful development ofcourses which promote broad-basedlearning. Hyde Fellowship recipientsare encouraged to stretch beyond theirspecific areas of expertise in orderto teach broadly within their owndiscipline. Or as John sums it up, “Atthe heart of what I’m trying to do isrecognize really good teachers.”

continues on next page

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Page 2: Director of Gift Planning giftwise · 2018-04-19 · giftwise FALL 2017 Williams College does not provide legal or tax advice. We advise you to seek your own legal and tax advice

Geosciences Professor Ronadh Coxsaw a problem in her field—a lack ofdiversity in geosciences. Her concernwas twofold: students of color are veryunder-represented in the geosciencesand they often come from populationsthat are marginalized in geoscience-related public policy decisions. Hergoal for the fellowship was to attractmore students of color and firstgeneration students into geosciencecourses and retain in the major ahigher proportion of those students.

As Ronadh explains “Increasing theirrepresentation in the community ofgeoscientists (or simply increasing thenumber of geoscientifically literatecitizens) helps boost the voice of those

tHE HYDEtEacHiNg fEllOwsHipiN actiON

communities, which is especiallyimportant in this age of climate change,increased coastal erosion, and growingcompetition for scarce natural resources.”

Ronadh anticipated reaching her goalswould require lots of one-on-oneconversations and mentoring and indeedshe’s done a great deal of individual workguiding students of color in theirgeoscience choices over the past twoyears. As more of these students majorin geosciences, they provide peer supportto each other, and serve as role modelsfor others. The fellowship has also givenher the chance to bring more studentsfrom under-represented groups into thefield with her as well as send them toconferences to present research.

PROFESSOR GEORGE MARCUS ARRIVED

in Williamstown right before Williamstransitioned from an all male insti-tution to a co-ed college. He arrivedwith a passion not just for politicalscience but also for crew. George hadcaptained the Columbia lightweightcrew as an undergraduate and heloved being on the water. In his firstyear at Williams he threw himselfinto not just his new teaching gig,but also the fledgling Williams men’screw team alongside history professorJohn A. Shaw ’62, handling recruiting,coaching, fundraising and more forthe sport.

His enthusiasm for crew coincidedperfectly with that of some ofWilliams newest students—womenwere first admitted to Williams in thefall of 1971. George played a seminalrole in developing crew at Williams,and when asked to helm women’screw—the first women’s team atWilliams—he agreed.

This pioneering club team foundgreat success. Dedicated athletes likeNancy Storrs ’73 who won a silvermedal at the World Championshipsin 1975 and went on to becomeWilliams’ first female Olympian whenshe finished 6th in the Women’s 4+in the 1976 Games in Montreal. SueTuttle ’79 joined Storrs on the 1980Olympic Team, though the UnitedStates’ boycott prevented them from

competing. Tuttle would go on to wina bronze medal in the 4+ at the 1981World Championships.

George continued coaching throughthe early 1980s watching women’screw evolve. In part, because of thefoundation he laid, women’s crew hashad continued success. The team hasbeen NCAA champions nine timessince 2002 and the sport has onlygrown in popularity since the ’70s.

In planning for retirement this year,George and his wife Lois Cooperrealized they had an opportunity tocombine financial planning with theirdesire to ensure this team continuesto thrive. By establishing a chari-table remainder unitrust (CRUT)with a stock they donated that hadhighly appreciated over many years,George and Lois can: 1) take a federalincome tax charitable deductionwhile they are still working; 2) saveon capital gains tax while diversifyingthe investment they had in that oneconcentrated stock holding; and 3)receive lifetime income from thetrust. When the trust terminates attheir passing, the entire trust willsupport women’s crew through anewly created endowed fund.

Donors who wish to supportwomen’s crew at Williams can addto this new endowed fund to keepwomen pulling together for decadesto come.

OFFICE OF GIFT PLANNINGMargaret A. McComishDirector

Amy Cott FilsonAssistant Director

Annie ArtGift Planning Officer

Cheryl M. BrigleyCoordinator

75 Park StreetWilliamstown, MA 01267

413.597.3538toll-free: 877.374.7526

[email protected]

https://giftplanning.williams.edu

TRUST & ESTATE ADMINISTRATIONOFFICEKathleen TherrienDirector

Diana W. ClaysonAssistant Director

Patti RandallCoordinator

413.597.4533

[email protected]

giftwise

gEORgE MaRcUsUsing a CRUT to Support Women’s Crew

MASSACHUSETTS PROFESSOR OF

HUMANITIES SUSAN DUNN has taughtat Williams since the early 1970s;she is the author of a dozen booksand is a regular contributor to theNew York Review of Books. Her workfocuses on the revolutionary gener-ation and Franklin Delano Roosevelt;and her most recent book is 1940:FDR, Willkie, Lindbergh, Hitler—theElection Amid the Storm. Her new book,A Blueprint for War: FDR’s HundredDays That Mobilized America, will bepublished this spring by Yale. Sheand her late companion and Williamscolleague, the Pulitzer Prize-winningpolitical scientist James MacGregorBurns ’39, wrote two books together:The Three Roosevelts: Patrician LeadersWho Transformed America and GeorgeWashington.

When planning her estate and theimpact she would like it to have at

sUsaN DUNNThe Importance of the Liberal Arts

Williams, Susan worked with theWilliams Gift Planning team tocreate an endowed professorshipto honor and continue the work towhich she and Jim devoted theirlives. The Susan Dunn and JamesMacGregor Burns Professorshipis for a professor specializing inAmerican political science orAmerican history.

Susan considers Williams a “sacredinstitution.” She and Jim Burnsbelieved that liberal arts collegeslike Williams keep history, culture,science, and Enlightenment valuesalive and pass this precious legacy onto new generations.

Susan agrees with Edmund Burkewho wrote in the 18th century thatour love for our “little platoon” leadsus toward a love for country andmankind. Williams is indeed Susan’s“little platoon.”

Professor of Geosciences RonadhCox is the first Hyde Fellow. Twoyears into her three year fellowship,Ronadh is working to highlight thesocietal relevance of geosciencesin the modern world, and to attractto geosciences a wider diversityof students. The second fellowis Professor of Philosophy SteveGerrard whose work began thisyear focusing on Plato’s question:can virtue be taught?

John Hyde embodies the TeachIt Forward Campaign’s focus ongreat teaching. By making initialfellowship gifts today and thenusing his future estate to fully fundit with a bequest, he is able to seehis vision in action and createan endowed fund that will lastin perpetuity. Inspired by John’slifelong service to the collegeand this new fellowship, severalother alumni have made TeachIt Forward campaign gifts to thisfund in his honor.

Susan Dunn and Jim Burns ’39

continued from the cover

Williams is also a placeof moral education that isfostered by friendships andteams and the affection weall share for the Williamscommunity.

—Susan Dunn

17488_Williams inside only.indd 3-4 11/27/17 11:07 AM

Page 3: Director of Gift Planning giftwise · 2018-04-19 · giftwise FALL 2017 Williams College does not provide legal or tax advice. We advise you to seek your own legal and tax advice

giftwise FA L L 201 7

Williams College does not provide legal or tax advice. Weadvise you to seek your own legal and tax advice in connectionwith gift and planning matters.

Office of Gift Planning75 Park StreetWilliamstown, MA 01267

Non-Profit Org.US Postage

PAIDPermit No. 121

Pittsfield MA

ADDRESS SERVICE REQUESTED

giftwise FALL 2017

FA L L 201 7

giftwise

Dear Friends:This special issue of Giftwise highlights andcelebrates gifts from faculty. Your remarkableprofessors no doubt left a lasting impressionthat you carry with you to this day. We hope thevariety of ways they have structured their giftsto invest in what matters most to them might beinstructive to you as you consider your personalphilanthropy and financial and estate plans.

—Margaret McComishDirector of Gift Planning

Are you:◗ The the owner of a traditional

Individual Retirement Account(IRA)?

◗ Age 70½ or older?

AND

◗ Not in need of all or part of yourrequired minimum distribution?

Did you know you can use up to$100,000 of your IRA assets, per taxyear, to make a gift to Williams?The gift:

◗ Is not treated as federally-taxableincome (no federal income taxcharitable deduction)

◗ Reduces your adjustable grossincome

◗ Thereby may provide you with taxbenefits.

Use your IRA gift to make your annualdonation, to pay off an outstandingpledge, to enhance an existingendowed scholarship fund, or supportother Teach It Forward campaignpriorities. Your generosity will benefityou and Williams!

WHEN JOHN HYDE MATRICULATED AT

Williams, he found himself in aquandary familiar to generationsof Williams students: how to fulfillrequirements in the division(s)outside his wheelhouse. A passionatehistorian who was self-consciousabout his math skills and not inter-ested in spending time in a lab, hewas sure he had hit the jackpot whenhe encountered a science coursewith history in the title: The Historyand Method of Science taught byDonald Richmond.

He found in Don, not just anengaging science class but, moreimportantly, lifelong inspiration.Don recognized introductory courseswere designed for science majorsand that non-scientists were lookingfor something different. Don’scourse, created outside of his regularteaching responsibilities, explored

JOHN HYDE's tEacHiNg fEllOwsHiphow scientists go about gathering andevaluating evidence.

John’s college career was interruptedby a stint in the navy during theKorean War but ultimately he returnedto Williams graduating in 1952.Graduate school at the University ofMinnesota was followed by doctoralwork at Harvard and before he evenfinished his dissertation he landedback in Williamstown, this time as amember of the faculty.

A distinguished professor ofhistory, John also served as the Deanof Freshman and the Dean of theCollege, and Don’s example stuckwith him throughout his four decadecareer. In retirement he proposeda fellowship that would allow selectfaculty to expand their teaching innew directions.

John’s vision resonated withPresident Adam Falk and with

John Hyde ’52

encouragement from Adam and theDean of Faculty’s Office The John HydeTeaching Fellowship was launched.The Hyde Teaching Fellowshipsupports versatility in teaching aswell as the careful development ofcourses which promote broad-basedlearning. Hyde Fellowship recipientsare encouraged to stretch beyond theirspecific areas of expertise in orderto teach broadly within their owndiscipline. Or as John sums it up, “Atthe heart of what I’m trying to do isrecognize really good teachers.”

continues on next page

iRac

HaRi

tabl

EROl

lOvE

R

17488_Williams outside only.indd 1-2 11/27/17 10:01 AM