capital gains gains tax, in securities which will pay their annuity. The annuity will be paid to the Smiths as long as either of them is living, after which taxes? the trust corpus will pass to WSC to | Want to avoid jyou have land, a building, stocks other assets you would like to con{to income and avoid capital gains ? Wie is a case study of how this can done--while still remembering your na mater: fund the memorial scholarship. Mr. and Mrs. Smith receive an income tax deduction in the year they create the trust, as determined by their ages at that time. In this case, their deduction would be about $25,000, the present value of WSC's remainder interest. zand Mrs. Smith are Weber State mni and wish to establish a holarship fund in their memory. ince Mr. Smith is retiring soon ey need to retain, or better yet in- ease, their income. ently The Smiths own a piece of real moperty outside Ogden worth the ce. He 00,000 which they bought as an experience westment for $20,000 in the early rplement or WSC. - H's. They could sell the land and sinvest the proceeds in high yield ing up surities, but the capital gains taxes isiness suld come to about $20,000, based ~ oyed as them their current 50 percent income \c., a pros! fax rate. — They are pleased to find that by cently ed Energpniing the land to Weber State Col- Se, they can ensure the creation of 1 insurances memorial scholarship fund at ving a B.Siie same time they greatly increase M.A. fromuit yield from the real property. ; worked j Following is the financial breakdown: $100,000 Capital gains tax saved. .$ 20,000 olitical igan and | Total tax savings....... $32,000 questionnaire with this article and return it to Career Services-2112, Weber in setting up State College, Ogden, UT 84408. There is a $5.00 fee involved a file for you to receive job information. Actual cost of gift....... $67,500 Annual income to Smiths. $7,000 (Based upon the actual cost of the gift, this income is equivalent to a yield of 10.4 percent) Business Address: Business Phone: Best hours to call you: Occupation: Academic Major: Each case is different, so the above example may not be exact in your situation. If you would like to explore this idea, please contact the Development Office either by phone (801) 626-6568 or by letter. Date: I would be willing to act as an informational resource for students interested in my training and my occupation. I understand that I may ask students will always call ahead for an appointment, and that to have my name removed from the resource list at any time. Office - 1011 Weber State College Ogden, UT 84408 “Weber Studies ‘in the Arts and Sciences." According to Dr. Nikki (Zip) (State) (City) If you are returning either coupon please mail it to the Placement Office—2112. Weber State College, Ogden, Utah 84408 The School of Arts and iumanities is announcing plans for professional publication to be call- mbs Career Information Resource Alumni Name: Development ) New publication... ner ave five | “Weber Studies in the Arts and Sciences” are also The Weber State Alumni Association and its Emeritus Chapter to individuals. working with the Career Center to provide career counseling a practicing arFor example, a prospective architect would be counseled by etc. Many of one, retired recently a with pilot airline chitect, a prospective for this our alumni have accepted the challenge to volunteer their services program. taxes saved..... $12,500 Insetting up the trust, they ecify that it pay them a fixed anjor shopp ighout thelpilty of $7,000 per year. WSC will _ Rl the real property and invest the > includegsilite proceeds, without any capital are continuing The Alumni Relations Office and the Career Services Center find employment to work together to assist former Weber State students We would like to encourage your participation in this and/or employees. effort. fill in the If you would like to take advantage of these opportunities, please Market value of real oaet eons estate 2S Income Alums join together in Job Bank Hansen, ociate dean of humanities and 5 Mlitor, the publication will be in 7 }pkin English and not fancy jargon.” ‘Dr. Hansen is calling for profes) Monal articles and creative works om WSC alumni, faculty and ‘J Waff,as well as from guest scholars “Wom the community and other colwes. Work from undergraduates will not be selected in the first Alumni Job Service Your Name: Business Address: (Zip) (State) (City) Name of Firm: Business Phone: Best Times for Applicants to Call Type of job(s) the depart... WSC. die the Articles should be based on Og i but be comprehensible professional fie Octé pagauthor's research and from xperience, s. Ideal| from WS ‘ people in other discipline an y, topics should be of interest to f the tem informed public and friends of the with hom should be writ_ degree 3 nllege. The articles ate for a highn MS. from” in a style appropri r than fora rathe , zine maga ality ence. a ing physic said. gholarly journal,” she Is this temporary or full-time employment? Proposed Salary What special qualifications does the applicant need to fit your requirements? at WSC. Imp lhe target date for the black and partment 6 white 60 to 80 page publication is ‘that deparpiliter of 1983. All submissions ear. He wagpiduld be sent to Dr. Nikki Hansen, Alpha Rsunischool of Arts and Humanities 771904, Weber )T 84408. _ State College, Ogden, For more information fal (801) 626-6289. oPage'9