ae a ae Richard Mills Baker Memorial Scholarship Fund ee A scholarship memorializing Richard Mills Baker will provide approximately $1,000 a year to WSC students who have suffered the loss of one or both parents. In setting up the program the sister of the late Mr. Baker spoke of his personal interest in young people who had been deprived of the loss of parents early in life as he had. “During our brother’s lifetime he often expressed the desire to aid young people in a similar situation,”’ said Mrs. Wallace (Ada) Christofferson, one of Mr. Bakers sisters instrumental in providing the memorial fund. “My sisters and I are happy to participate in a program that not only memorializes our brother assist worthy young but people educational pursuits,’’ Christofferson. will in their said Mrs. SAMELIUS FUND PROVIDES ORGAN AND PIANO Like many early students who attended Weber Academy, Mrs. Mabell Holst Samelius developed a love for the institution that remained during her entire lifetime. Following her academy days she enrolled in the Normal course, received her certificate and taught School in the Ogden area for many years. She married William H. Samelius who was widely recognized for his contributions in the field of watch making. He held many patents on watch design and was known as the “Dean of American Watchmakers.”’ Through a charitable remainder trust, created in the couple’s will, funds were received by the Development Fund of the college in the amount of $31,000 with the Dr. Walter C. Swanson, student at the college businessman, $50,000 recently deferred Development college. Etta Smout McDonald has provided former and retired announced gift through Fund of _ a the the Dr. Swanson, who is a member of the Development Fund Board of _ Directors, chose to create a unitrust. WHe will retain the income of the trust during his lifetime, after which the fund will be utilized by the college as an unrestricted fund. Dr. Swanson graduated from WSC in the early 20’s and received his $117,000 for a memorial scholarship in the donors name. In addition to the interest, which will generate from the fund, WSC will also receive 2 percent of the estate on an annual basis for the scholarship program. Mrs. McDonald attended Weber Academy from 1908 to 1912 and following her graduation taught at the Lorin Farr School during the 20’s and 30’s. She was married to Mr. J.M. McDonald of Ogden. Because of her love and interest both for the college and for education in general she named the college as a benficiary in her will with the Illinois College of Stipulation that Podiatric Medicine, Chicago, I l., in 1926. He practiced in Ogden until he “primarily but not exclusively’’ degree from retired in 1968. In addition to his gift to the college, Dr. Swanson tributor to is also other a major charities con- and programs in the area. He has a great interest in children and is a donor to the Shriner Hospital for Crippled Children and the Swanson Family Environment Center. He resides in Roy and is a member of the Ogden Rotary Club. the students majoring education. fund in the be the used field for of $10,000 year for scholarships. Determination of scholarship recipients will be made by a committee from the School of Education and the scholarship committee of the office of Financial will administer the fund. instruments the college and the to purchase musical for the Dee Events Center. A fund drive for the center was then in progress. A beautiful digital computer electronic organ was initially purchased and sufficient funds remained to enable the college to obtain a concert grand piano, both of which were delivered just before the dedicatory program Nov. 1. Both instruments will bear a plaque memorializing the couple. Storage space was designed in the “The cultural offerings of the Dee Events Center will be greatly augmented by the acquisition of these two fine musical instruments,”’ said Mr. Roy Nelson, chairman of the Development Fund of the College, “we are delighted the Fund could have played such a role in the development of the college and the Dee Events Center in particular.”’ Donation of LaborMaterial Provide Needed Gift A gift of real estate located in the Duchesne area of Eastern Utah by Mr. and Mrs. Donnell B. Stewart has resulted in a $26,000 contribution to the Development Fund of the college. The piece of property donated by the Stewarts several years ago was held by the Development Fund until Based on the current interest rate the fund will generate approximately college. The received by monies used with speakers. A charitable bequest in the will of DEFERRED GIFT Following the death of the couple and their son, who was named as a prior beneficiary, the trust was protective covers, portable dollies and a complete amplification system Scholarship C. SWANSON provision that a suitable memorial be established in the couples name. center just adjacent to the playing court and included in the gift were Former School Teacher Funds DR. WALTER THOMAS OLE AND NINE HADLEY SMITH SCHOLARSHIP FUND Aid earlier this year when the property appreciated sufficiently to realize the maximum profit under the cir- cumstances. The property was subsequently disposed of and the resulting money placed in an interest bearing account. Junius R. Tribe, Sr., Finance Committee Chairman for the Development Fund, cited this form of For those individuals desiring to establish a memorial scholarship or fund for any purpose, but who lack the total funds necessary, it should be pointed out that it is possible to build such a fund through periodic gifts. “It would take $10,000 to generate approximately $750 a year interest based on a 7% percent rate of return,” said Dean W. Hurst, College Development As an Officer. example of this type of program, a long-time educator. former superintendent of Ogden City Schools and former Weber student, Dr. T.O. Smith and his wife, Nina, recognizing the great need for financial assistance to the college, began in 1964 to develop a memorial fund. The couple established the fund with an initial gift of $10,000 and added a few hundred up to $1,000 each year into the fund as they were financially capable of doing. The interest accumulating during its building phase was assigned back to the trust. When the fund reached $10,000 in 1972, it began to pay out sufficient funds for a scholarship program, according to the specified terms of the trust as established by Dr. and Mrs. Smith. The fund, to be known as the Thomas Ole and Nina Hadley Smith Scholarship Fund, will assist two students on a yearly basis. charitable giving as having numerous advantages to a potential donor. “The same principle holds true for appreciated property as it does for appreciated securities,” said Mr. Tribe. ‘‘An individual can donate land or property present day to the college for the value and can take a charitable tax deduction thus helping both the institution and themself.”’ Such gifts can be designated during a person’s lifetime or be provided for in a will or bequest. Where unusual circumstances exist, such as the marketability or possible use of the land or property, it is recommended that the college be consulted prior to the bequest or gift. Fc ao me ; 9 ee Aas ie Page