Development news | For example, if you're income investor, may you a_highwant to consider shifting your investments to State and municipal bonds. The interest on these bonds is completely free of the federal income tax. So even though the interest may be lower than the return from other types of investments, the after-tax yield may be as high or higher. Taxes are an important consideration in any investment program. Take: long-term capital gains; they are. favorably taxed, but you may want to plan your “profit taking" carefully. As Leneeregpr ease, Family funds make lasting contribution Monies provided by family foundations and trusts go to scholarships, buildings, chairs, schools, departments and other special programs which will benefit the students of Weber State College for years to come. Following is a list of family foundations and trusts which have provided gifts to the college in recent months: Val A. Browning Charitable Foundation, WSC Cultural Affairs, $37,000; Cortez Family Foundation, Honors Lecture, $1,471; Elizabeth Bell Christian Trust, Scholarship and Practicum Center, $5,502; Lawrence T. and Janet Dee Foundation, School of Business and Economics, $5,000; Dr. Ezekiel and Edna Dumke Foundation, Wattis Business. Building, $8,500. Willard L. Eccles Trust Fund, School of Business Chair, $15,382: -Glasmann_ Foundation, President's Fund, $1,000; Edith Dee Green Charitable Trust, J. Nye Strength Training Center and President's Fund, $6,000; Mattie Wattis Harris Foundation, Wattis Business Building, $10,000: Howard and Evelyn Larson’ Foundation, President's Fund, $1,500; J. Willard Marriott Family Foundation. School of Allied Health Sciences, $260,000; Etta S. McDonald Charitable Trust, President's Scholarships, $8,661; Ralph Nye Charitable Foundation, Drama and Business, $3,000; Mary E. D. Shaw Foundation, Dee Events Center, $58,332; Stafford Memorial Foundation, Journalism, $510; Flossie S. Stephens Foundation, Scholarships, $1,655; Donnell and Elizabeth Stewart Foundation, Dee Events Center, $24,999; Stewart Education Foundation, Stewart Library, Alumni Scholarship House, Unrestricted, $100,000; Walter C. Swanson Family Foundation, WSC Day Care Center, $500; Truscott Foundation, Art Scholarships, $1,610. Andra donates poetry, writings collection Dr. Jean H. Andra, professor of Weber from member of ae ven os, the late Carl E. Andra, has donated a collection of poetry and writings assembled by her husband to the Howell Library and Special Collections Department of the WSC Stewart Library. Carl E. Andra taught English at =< <7 Wome mm foreign language at WSC and wife of 1967-77. the Rocky Academy of Arts, Letters and Sciences, he presented numerous papers at Association meetings. He received the Cortez Award for best essay in 1972 and 1973. A skilled poet, he greatly enjoyed the study of contemporary poets, especially T.S. Elliot and Dylan Thomas. The collection includes special An _ active works by Elliot and Thomas, as well Mountain as modern french poets. Language Association and the Utah Weber State College COMMENT June 1984 page 10... Two Weber State Alumni are leading a special fund-raising effort for the Leland H. Monson Debate/Forensics Scholarship Fund. Mark Evans Austad, ambassador to Norway, is serving as honorary chairman while E. Lamar Buckner is serv- ing as chairman of the local committee. The fund was established this year to honor former forensics teacher and debate coach, Leland H. Monson. Other committee members include former Monson students Dorothy Dixon Harrison, Dr. Clyde Parker, Dr. Wynn Richards, Junius R. Tribe Sr., Maurice Richards, Dale Browning, Dr. Dick Nilsson and Dr. Larry Evans. These committee members will be making personal contact with other former debators who may have a special interest in this fund. Monson directed forensics ac- tivities here at Weber for more than 26 years and is still active in community and college affairs. The annual Leland H. Monson Debate Tournament has grown to be one of the largest in the nation and now takes two weeks to accomodate all the schools entering the competition. Weber's 1984 debate team finished the year with a fourth place national ranking. The fund-raising committee will be contacting many former debators, but because of incomplete records, will not be able to reach them all. If you, or someone you know, is a former Monson debator, please send name and address to: WSC Develop- ment Office 1011, Weber State College, Ogden, Ut. 84408. Anyone wishing to contribute to the Monson fund may also send their donation to the above address. Corporate donations important to WSC Gifts to Weber State from businesses and corporations account for 10-15 percent of total contributions each year, and most of these gifts come from Northern Utah. Following is a list of some donations made by the business community to certain areas of the college: O.C. Tanner, Education, $50,000; Morton Thiokol Inc., Technology, $3,000; Phillips Petroleum Fdn., History, $2,500; C.F.&L. Development, Business/Athletics, $900; Union Pacific Railroad, Scholarships, $500; Merrill Bean Chevrolet, Business Ford, Westland $2,500; Building, Business Building, $1,500; Digital Equipment Corp., Natural Science, Light, and Power Utah $1,000; Business Building, $6,000; ParkerHannifin Fdn., Technology, $2,385; Utah International, History, $1;200; Chevron Inc., Journalism/Economics, Scholarships, Chick-fil-A, $3,500; $3,000. Stock donations help college, donor _ Donations of securities and stocks Some gifts of stock received this may provide the giver with some excellent tax advantages as well as year by the college include: Dr. and Mrs. George H. Lowe, $1,120, School benefiting the college. of Technology; John A. and Telitha Securities and stocks that have appreciated in value and have been held long-term (more than 12 months) are allowed a full fair market value tax Lindquist, $7,922, sculpture fund; Mr. and Mrs. Dee Glen Smith, $5,400, School of Business and Economics; Mr. and Mrs. Matt S. Browning, $5,057, Wattis Business Building; Dr. and Mrs. Charles Hetzel, $4,972, Barker Memorial Trust Fund; Mr. and Mrs. William H. Child, $5,000, presidents council and athletics. “thank you" for these contributions. deduction when donated to the college. In addition, no capital gains tax is paid on the appreciation, the donor pays no capital gains tax when the gift is made, and the college does not pay capital gains tax when the securities are sold. Donors may memorialize rose garden In an effort to further beautify the WSC campus, the Development Office and the campus landscape committee are seeking donors to memorialize rose gardens, flower beds, tree groupings and shrub and plant areas. Rose for gardens example, memorialization and tree groupings, would be perennial opportunities an initial donation with to establish the areas with appropriate name recognition and annual smaller contributions for upkeep and restoration. Formal flower beds and shrub and plant areas would be funded on an Chores ro cumstances as well. youre probably aware, capital gains should be realized in a year when your tax brackets are lower than usual. Of course, if you do incur a large capital gain in a high bracket year, you can offset the gain (at least partially) by establishing capital losses. Consider: transferring appreciated property to Weber State College. Though you can deduct the full fair. market value of the property, your paper profit is not taxed. If you have already sold some appreciated property, consider the offsetting benefit of the deduction allowed from either an outright gift or a gift in trust. We can offer you many opportunities to gain the personal satisfaction which comes from participation in the accomplishments of Weber State College. We can help you plana gift which besides giving satisfacion, is economical...a gift which fits in with your investment and estate planning objectives. For more information on today’s investment and tax planning opportunities, call the WSC Development Office at (801) 626-6568. There are, of course, no obligations. th Like other investors, you're _probably spending more and more time managing your investments. This is understandable. With each major change in the economy, new uncertainties arise as to what is the best investment opportunity. Should you shift your investments to tax-exempt bonds? Real estate? Precious metals? Or possibly high-grade common stocks? The best strategy, of course, depends not only on the vagaries of the market place, but on your own personal cir- Funds sought for Monson scholarship ~ Investment, tax planning help available annual basis to replace annual plantings and for ongoing upkeep and maintainence. These areas on the campus would also have name recognition opportunities. The amount of the donation for these beautifying additions to the landscape would vary depending on the size of area and the number of plants needed to complete the landscaping. Anyone interested in funding these types of landscape features on the WSC campus should call the Development 626-6568.- Office at (801)