Donors Provide Funds tor College Programs Deferred gifts amounting to $2.5 million have been donated to Weber State College through several wills, bequests and other forms of deferred giving. The money will not become immediately available since a large portion of the deferred gifts are in the form of unitrusts or annuity trusts, which provide income to the donor during his lifetime, even though they are irrevocably donated to the college. The several donors who made the contribution have asked to have their identifications kept secret. The deferred gifts are largely unrestricted, meaning the money will be used in whatever area it is most needed depending on the decisions of the college administration. He indicated that outright gifts of cash for capital gifts and current operations totaled $2,297,000 for the 1973-74 year. Of this amount, more than $2 million was received from the Donnell Stewart and Lawrence T. Dee families as donations for the Dee Events Center The deferred gift has specific appeal to the individual who wants to give finaneial assistance to the college, but requires the income during his lifetime. A popular form: of deferred giving is illustrated in the case of a donor who transfers securities to the college through a unitrust or an anhuity trust. The donations were obtained largely through the efforts of the Weber State College Development Fund, which acts as a foundation in receiving gifts and grants contributed to the college. The deferred forms of giving, needs of the college, he said. Fund to Aid Students in Technology Tax Incentives The irrevocable trust executed during his lifetime allows the donor valuable tax incentives and Development Fund acute in that we have virtually no endowment funds at present when our financial needs are critical.” The development of an endowment fund through a deferred gift program or through outright gifts of cash or securities was cited as an eventual solution to the dilemma of increasing financial yet provides thedonor with the income from the trust during his life, after which the trust passes to the college. Dr. Bishop pointed out that not all deferred donors are known by the college. ‘In some cases, Weber State is including wills, bequests, trusts, etc., are the more traditional for- named as a remainder benefactor ms of donating, President Joseph L. Bishop said in announcing the acquisition. Dr. Bishop also differentiated between gifts of cash or securities received by the college and gifts of deferred nature, saying that, while deferred gifts are not immediately accessable for present needs, they represent a vital part in planning future growth and development. bequest form, and unless the donor specifies otherwise, we may not learn his intent until the will is disclosed,” he said. on a will, life insurance, or other Additional Income All institutions of higher education have felt the need for additional income to implement programs of merit,’’ Dr. Bishop said. ‘‘Weber State’s needs are more Funds totaling $15,000 have been received through the Weber State College Development Office as a perpetuai scholarship fund memoralizing Jefferson Davis. The funds recervea in the form of treasury bills from Miss Desiree Franklin of New York City will be awarded to students.in the School of Technology who require financial assistance to complete their education. In explaining details of the scholarships program Dean W. Hurst, assistant to the president for College Development, stated that, while remem- bered by most Americans chiefly for his role as President of the Confederate States, Jefferson Davis had formerly distinguished himself as a eongressman, senator and served as United States Secretary of War. As a soldier-architect-engineer, his contributions were many. Having distinguished himself in the war with Mexico he played an important role in the enlargement of the western states and plans for the construction of the Panama Canal. Of primary importance to Utah, it should be noted that it was Jefferson Davis who, in. 1850, played a major role in the origin and early planning of the _ transcontinental railway completed in 1869. In establishing the fund, Miss Franklin indicated not only a desire for the preservation of the more positive contributions of Jefferson Davis to his country, but also an interest in the vocationaltechnical student seeking an education. Weber State’s key role in technical education plus the more traditional college courses in addition to Ogden’s background as a railroad center were all key factors in Miss Franklin’s desire to endow the college with the fund, said Mr. Hurst. In acknowledging the gift Dr. Dale Cowgill, dean of the School of Technology, expressed the appreciation of all concerned. “The recognition of the vocational-technical __ students through this fund will be greatly appreciated by faculty and students alike,”’ he said. “We are also indebted to an unknown railroad official who initially referred Miss Franklin to the college as an_ institution having those attributes which qualified us for the terms of the agreement,’’ Mr. Hurst added. “As a result of that recommendation many worthy young people can now be assisted toward their educational goals.”’ WSC Named Beneficiary Weber State College will receive $6,290 from the estate of a former student who included the college library as a beneficiary in his will. Cleave Poulsen, who graduated from Recipient of a $510 scholarship from the Daughters of the American Revolution (DAR) is Mary Lou Sekayumptewa (center front). Pictured are Mrs. Leola Davidson and Mrs. Gerri Hansen of the WSC nursing school; Mrs. Barbara Roundy, chapter regent of the Golden Spike Chapter of DAR; Mrs. Franklin Maughan (front), Mrs. John Smith, Mrs. Maryanne Taylor, Mrs. Dale Browning, WSC President Joseph L. Bishop (back) Miss Eleanor Todd and Mrs. Jessie Caldwell. Each year the DAR chapter presents a scholarship to WSC for one native American student in nursing studies. Weber College in 1941, specified in his bequest that the money should be given as an unrestricted gift, to be used at the discretion of the college and the library director. Mr. Poulsen, who died nearly two years ago, was_ assistant secretary and treasurer for Mountain States Implement Company and lived on Ogden. The money will be used by purchase books for the WSC library. The texts will be designated “In the Memoray of Alta Evans Poulsen and Cleve C. Poulsen,’ in whose names the bequest was made.