Page Baker Memorial = Mills Scholarship Fund ae Richard 9 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. peeoa ae In setting up the program the sister of the late Mr. Baker spoke of his personal interest in young people who loss of parents early in life as he had. “During our brother’s lifetime had been deprived he often expressed the of the desire to aid young people in a similar situation,” Christof- 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 -DEFERRED GIFT Dr. Walter C. Swanson, former student at the college and retired businessman, recently announced a $90,000 deferred gift through the Development Fund of _ the college. 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 _ degree from the Illinois College of Podiatric Medicine, Chicago, IIl., in 1926. He practiced in Ogden until he retired in 1968. In addition to his gift to the college, Dr. Swanson is also a major contributor to other charities 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. digital Development Officer. As an 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. computer Both instruments will bear a plaque memorializing the couple. Storage space was designed in the 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. court and included in the gift were protective covers, portable dollies and a complete amplification system with speakers. “The cultural offerings of the Dee Scholarship C. SWANSON beautiful 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. center just adjacent to the playing Former School Teacher Funds DR. WALTER A based on a 714 percent rate of return,” said Dean W. Hurst, College A charitable bequest in the will of Etta Smout McDonald has provided $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 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.” and Mrs. Smith. 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 Stipulation that the fund be used “primarily but not exclusively” for students majoring education. in the field of $10,000 year for scholarships. of scholarship recipients will be made by a committee from the School of Education and the scholarship committee of the college. The 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 Determination Donation of LaborMaterial Provide Needed Gift office of Financial Aid will administer the fund. earlier this year when the property was subsequently appreciated sufficiently to realize the maximum profit under the circumstances. The property 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 i during her entire lifetime. 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 provision that a suitable memorial be established in the couples name. Following the death of the couple and their son, who was named as a prior beneficiary, the trust was received by the college and the monies used to purchase musical instruments for the Dee Events Center. A fund drive for the center was then in progress. ton Like many early students who attended Weber Academy, Mrs. Mabell Holst Samelius developed a love for the institution that remained ee Mrs. ta said Christofferson. THOMAS OLE AND NINE HADLEY SMITH SCHOLARSHIP FUND ne i educational pursuits,’’ SAMELIUS FUND PROVIDES ORGAN AND PIANO RN eS Sa ls (Ada) ———— Wallace ferson, 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 but will assist worthy young people in their The fund, to be known as the Thomas Ole and Nina Hadley Smith Scholarship Fund, will assist two students on a yearly basis. » aa a> a a om 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 to the college for the present day 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. Ga said Mrs.