INVESTING IN STUDENT EXPERIENCES: Anne Moore ’70, ’74M (MD); Carol Duquette ’85, ’03S (MBA); and Jane Tuttle, PhD, ’79N, ’84N (MS) share their stories. Six Strategies for meeting family, financial, and charitable objectives
Congratulations on celebrating a milestone reunion at the University of Rochester! For generations, the University of Rochester has benefited from the generosity of alumni who invest their time, financial resources, and talents in support of its mission to provide world-class teaching, research, and a rich learning environment for Rochester students. The reasons for planning a legacy gift are different for each person: to express gratitude for an excellent education; to ensure that new generations of students have access to world-class faculty and extraordinary experiences; to honor the memory of a loved one; to sustain and grow programs, cutting-edge research, or construct the finest facilities. Regardless of the reason, your thoughtful gift plan can provide a fulfilling personal legacy, help pave the way for an even brighter future at the University, and potentially provide benefits for you and your family members. Throughout this brochure, you will find a number of ways that can help you make an enormous difference. To learn more about your class gift campaign, visit: uofr.us/reuniongiving
ANNE MOORE For Anne Moore ’70, ’74M (MD), being a physician has often meant figuring out difficult problems. Her University of Rochester education helped instill a determination to get to the bottom of those questions that arise when caring for a patient. Faced with a medical challenge, Anne would go to all the resources she could to figure it out. She says, “I approach my work with a curiosity, asking myself, ‘what’s going on here, and can I fix it?’” Throughout her career, that process has been very rewarding. Anne believes the University of Rochester’s distinctive approach to medical education shaped who she is as a physician. Rochester’s biopsychosocial model is patient-centered and puts equal emphasis on understanding the biology as well as the environmental, social, and psychological issues affecting a patient. Reflecting on her experience, Anne shares, “The education is very unique in the sense that from day one we were talking about the interaction between mental health and Member Spotlight
physical health. This has produced a special breed of the most caring physicians, who pause to notice the emotional state of their patients.” Anne received her undergraduate degree from the University of Rochester and stayed to attend the School of Medicine and Dentistry (SMD). Her parents were teachers, and growing up, Anne thought she would follow their footsteps and teach math. When she arrived at Rochester, she chose to take many liberal arts classes alongside her math major. She saw her peers in the sciences were spending much of their time in the lab, but she knew that was not for her. She began to be interested in medicine while doing a research study about health education in schools. With the support of family, especially her father who enthusiastically urged her to follow her dreams, Anne entered medical school at SMD. Once she began her primary clerkship, Anne gravitated toward working with younger patients and went on to select pediatrics as a specialty. Recently Anne celebrated her 50th medical school reunion. She has had a fulfilling career, working at Kaiser Permanente in the Neonatal Intensive Care Unit and then at Children’s Hospital Colorado. Currently, she works as a travel physician, visiting hospitals around the country. Now nearing retirement, Anne also devotes much of her time to the equestrian program at her property, Kent Hill Farm, near Denver, CO. With so many fond memories of Rochester and feeling that the school helped to create who she is today, Anne joined the Wilson Society and established a bequest to support scholarships at SMD. Anne is eager to help other students have the same experience she did, and ultimately to ensure that future doctors value the interrelation of mind and body that she gleaned from the University of Rochester’s biopsychosocial approach. It’s my honor and pleasure to participate in giving. I find it very meaningful to continue the legacy.” “
Including the University of Rochester in Your Will A BEQUEST IS SIMPLE AND CONVENIENT AND PROVIDES YOU WITH A NUMBER OF OPTIONS You can make a bequest for a specific dollar amount or for a percentage of your estate. You can designate your bequest for general use, or you can restrict its use. Many people establish endowments that honor the memory of a family member or another loved one. These endowments live forever, because only the income is used annually. Since a will is an important legal document, we recommend that you seek an attorney’s help. Here are some examples of different types of bequests: • Specific bequests are used to make a gift of a specific dollar amount, or with specific assets such as securities, real estate, or personal property. • Residuary bequests are used to give all or a portion of the rest, residue, and remainder of your estate after payment of expenses and any specific amounts designated to heirs or other beneficiaries. To assist you with this important process, please consider contacting us for suggested wording and to document your wishes. Visit rochester.giftplans.org and click on “Ways to Give.” Beneficiary Designation of Life Insurance or Retirement Assets Name the University as a beneficiary on the form provided by your asset manager. Review the form with your attorney to discuss how such a gift can be incorporated in your plan. Life insurance and retirement assets that pass directly to the University are preserved 100 percent free of tax and your estate is also eligible for a charitable tax deduction. To learn more, visit rochester.giftplans.org and click on “Ways to Give.”
Charitable Remainder Unitrust: Variable Income for Life Cash, securities, real estate, life insurance, or personal property can be gifted to fund a trust. These trusts are managed within the University endowment, which provides beneficiaries access to diverse and alternative investments. This option provides variable income for life, or a term of years for one or two individuals, and possibly another generation. The minimum gift amount is $50,000. ADDITIONAL BENEFITS • Immediate charitable income tax deduction • Minimum payout is five percent • 100 percent avoidance of capital gains tax on the transfer, if funded with appreciated assets • Re-valued annually to reflect investment performance, providing opportunity for growth in income To learn more, visit rochester.giftplans.org and click on “Ways to Give.” Charitable Lead Trusts The University receives income for a term of years with the corpus going to you or your heirs. Charitable lead trusts may appeal to individuals who wish to make a gift but retain the property in their family. To learn more, visit rochester.giftplans.org and click on “Ways to Give.”
CAROL DUQUETTE Carol Duquette ’85, ’03S (MBA) recalls graduating from the University of Rochester with a sense that she could do anything. She found the broad education and critical thinking skills she gained from her degrees could be applied successfully in any situation. Carol grew up in Plattsburgh, NY. In her freshman year of college, she visited a friend in Virginia and went to see the friend’s father’s workplace at Langley Air Force Base, where she had the chance to observe testing on the airfoils that were being modeled for space shuttles. Carol came away from the experience knowing that she wanted to pursue mechanical engineering, though there were few women in the field at the time. Initially drawn to Rochester by a scholarship and her knowledge of the school’s strong reputation for excellence, Carol was certain it was the right fit after visiting the campus and immediately liking what she saw. Her conviction in the strength of a Rochester education has remained steady. “I learned so much from my peers—it was incredible,” Member Spotlight
she shares. “As students, we were super-focused, staying up till 2 a.m. doing problem sets. We never took the easy way out.” After graduating, Carol worked as an engineer and consultant for the City of Rochester, a land development consulting firm, and architectural firms before joining Wegmans Food Markets, Inc. in 1996, where she is now vice president of design services and maintenance. Carol returned to the University of Rochester to earn an MBA at the Simon Business School and credits her professors for completely changing the way she thought about business and helping her develop invaluable leadership skills. Once again, her peers had a large impact on her education. The diversity of the class, coming from so many skillsets and industries, gave her a whole new perspective. Carol’s family now has a long legacy of attending the University of Rochester. Carol’s son came to the University to study engineering as an undergraduate student and later earned his MBA at Simon as well. Several of Carol’s nieces and nephews have pursued their own Rochester degrees before launching successful careers in development work, engineering, marketing, and law. Eager to stay connected to the school, Carol has served on many professional societies, such as Rochester’s Society of Women Engineers and has hosted internships for students. After having several opportunities to return to the University as a guest lecturer, Carol shares that she “was completely blown away by how insightful the students were in their questions—their intelligence and intellect, how well-rounded they are and all that they strive to accomplish.” Now, as a member of the Wilson Society, Carol has set up a deferred charitable gift annuity, which has the advantage of providing a guaranteed income for life. The resulting endowment will provide support for underrepresented students in engineering—ensuring that students continue to benefit from Carol’s generosity well into the future. “ Attending the University of Rochester set me up to succeed in the face of any challenge that has come up in my career. I hope my support helps future students receive the same opportunities I did.”
Charitable Gift Annuity: Fixed Income for Life This simple contract provides fixed income for life for one or two individuals. Cash or securities can be gifted to fund a gift annuity. The minimum gift amount is $5,000. ADDITIONAL BENEFITS • Immediate charitable income tax deduction • Potential for a portion of income to be tax-free • Tax avoided on part of capital gain, if funded with appreciated securities • Income can be immediate (typically age 50 and older) or deferred For more information on gifts that pay you income, visit rochester.giftplans.org and click on “Ways to Give.” Single Life Two Life AGE PAYOUT AGE PAYOUT 60 5.2% 60-60 4.7% 65 5.7% 65-65 5.0% 70 6.3% 70-70 5.5% 75 7.0% 75-75 6.2% 80 8.1% 80-80 6.9% 85 9.1% 85-85 8.1% American Council on Gift Annuities rates as of January 1, 2024. PAYOUT RATES BASED ON AGE OF BENEFICIARY To calculate your personalized annuity rate, visit rochester.giftplans.org or contact us at giftplanning@rochester.edu or 800-635-4672 These calculations are estimates of gift benefits; your actual benefits may vary. If you are considering a gift annuity and live in New York State, please contact us.
Qualified Charitable Distributions: Tax-Free Gifts from Retirement Accounts If you are age 70½ years or older, you are eligible to make a direct gift, known as a Qualified Charitable Distribution (QCD), to the University of Rochester tax-free. • You must transfer funds directly from your IRA • A gift “counts” toward your required minimum distribution (RMD) • Gifts are limited to $108,000 annually per person (a married couple with separate IRAs could give up to $216,000 a year) • Distributions can be made only from a traditional or Roth IRA • A transfer is tax-free and is not included in your adjusted gross income, and thus no charitable income tax deduction is allowed • Gifts must be outright—transfers to donor-advised funds, supporting organizations, or private foundations do not qualify IRA Funded Charitable Gift Annuity Qualified Charitable Distributions (QCDs) may now be used to fund a charitable gift annuity with certain limitations. • One-time, one tax year, and limited to $54,000, now indexed for inflation. • No charitable deduction because it is a 100% tax-free transfer • Income is ordinary income • Beneficiaries must be IRA owner or owner and spouse Learn more about this giving opportunity that became law January 1, 2023 by visiting rochester.giftplans.org
Member Spotlight JANE TUTTLE In choosing a career, Jane Tuttle, PhD, ’79N, ’84N (MS) thought about how she loves people and she loves science, so nursing was the perfect fit. That’s been reinforced again and again, and she believes the University of Rochester School of Nursing has shaped her career enormously. Considering herself a lifelong learner, Jane found the flexibility she needed at Rochester, to complete her nursing education in stages, and has used that foundation to become an advocate for other nurses. After she completed her bachelor’s degree in 1979, she moved to Washington, D.C. to take a position working with Georgetown University’s community health plan, and her UR education was noted by the person who hired her as a major factor. Then, after moving back and completing her master’s as a family nurse practitioner at Rochester,
she went on to take a faculty position at the Yale School of Nursing. Once again, her UR education set her apart. During her eight years in New Haven, she completed her PhD at the University of Connecticut and then returned to Rochester, this time to take a faculty position in the family nurse practitioner program, which she later directed for more than 20 years. Jane shares, “What is unique about Rochester is the mentoring, the reputation, the way we work in an interdisciplinary way across the University and Medical Center. I enjoy the balance I’ve had with patient care, research, writing, and of course teaching.” Jane has directed her giving toward scholarships because she has a special place in her heart for students. “As a faculty member, students are what it’s all about,” she says. “That’s why we do what we do. They need the support. When I started out, I didn’t have a lot of resources.” Now, Jane and her husband value being members of the Wilson Society, staying connected with alumni, and contributing to the future of the school. Jane says, “I knew I wanted to recognize the University of Rochester in my will in memory of my dear friend Eleanor Hall who was instrumental in founding the School of Nursing here. When she died, I became a member of the bequest society in her honor.” The society, formerly named the Eleanor Hall Bequest Society, has been incorporated into the University’s Wilson Society; however, Hall, chair of the Department of Nursing of the School of Medicine and Dentistry from 1957 to 1971, is still remembered profoundly. Jane often walks by the portrait of Hall at the school and feels she can hear her mentor’s voice, guiding her in her practice. “I feel lucky that I found nursing and that the University of Rochester has been a real home to me over all these years,” she reflects. “ We all benefited from the resources, and now we can help others take advantage of that. The University of Rochester is always on the cutting edge. I am so proud of how highly regarded we are.”
The Wilson Society A planned gift to the University of Rochester is one of the easiest ways to guarantee the greatest and most lasting impact on the programs you care about. These gifts qualify you to become a member of the Wilson Society and ensure that the areas you value the most continue to thrive at the University well beyond your lifetime. Your membership gives voice to your vision for Rochester’s future, and serves as inspiration for others. By planning a gift, you create an opportunity to make an indelible mark on the University and ensure your legacy. From the River Campus and the Medical Center to the Eastman School of Music and the Memorial Art Gallery, you will find legacies in the form of named spaces, permanent endowed funds for scholarships, fellowships, and professorships.
Imagine Your Legacy To learn more about how you can become a member, call us at 800-MELIORA (800-635-4672) or please visit: rochester.giftplans.org To view our member listing, visit rochester.edu/giving/wilson-society and click on “Membership”
For a personal illustration or information about gift planning at the University of Rochester, please contact: Office of Trusts, Estates & Gift Planning Carmen Aiezza Karen Amico Rosanna Centanni Jack Kreckel Christopher Raimy Kathy Ureles Taylor (585) 275-8894 (800) MELIORA (635-4672) giftplanning@rochester.edu rochester.giftplans.org Winter 2025 This information is intended for informational and educational purposes. It should not be interpreted as legal, tax or investment advice. Please consult your professional advisors for applicability to your own situation.
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