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Honoring the Connection

Barbara Schuyler Wetzel ’59 Reflects on Her Scripps College Education

Barbara Schuyler Wetzel ’59 withgranddaughter and great-grandson

Barbara Schuyler Wetzel ’59 with granddaughter and great-grandson.

For 90 years, Scripps College has provided a bold starting place or key turning point in the lives of young women. Thanks to the thoughtful planning of generous alumnae, the College will be able to do so for generations to come!

Barbara Schuyler Wetzel '59 arrived at Scripps College in 1955 from Denver, Colorado, with a love of art and a passion for history. Armed with intellectual curiosity and boasting artistic talent honed on miles of butcher block paper and crayon, Barbara dove into her Scripps experience with enthusiasm.

Barbara loved everything about Scripps, especially the humanities program. "Looking back at it now, it was Scripps that really taught me how to think," Barbara says.

Barbara's path led her from Scripps to Denver to Michigan and back to Denver University, where she pursued a nursing degree and went on to a fulfilling career in hospice care. At the same time she raised a son and a daughter, had numerous volunteer roles, and taught art classes. Now Barbara's grandchildren and greatgrandchildren benefit from her thirst for knowledge!

Despite being 1,000 miles from Claremont, Barbara has always retained a strong sense of connection to her alma mater. At age 35, as Barbara drafted her first will, she reflected on her academic experience and decided to include a bequest to Scripps College. With so many other demands on her time and attention, Barbara found it gratifying to honor the lingering tie she felt to Scripps.

Barbara included the College in her estate plan because she wanted others to have a chance at the education she valued so highly.

"Scripps has always treated me like one of the family, and I'm grateful for my time there. I do hope that my bequest will one day benefit other students who deeply love the College, like I do. I'm thrilled to be able to provide future Scripps students with opportunities for a superb educational experience," Barbara says.

Now, more than 50 years since her class graduated, the education Barbara received at Scripps feels more precious to her than ever. Her future gift is a thoughtful reflection of that gratitude.

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A charitable bequest is one or two sentences in your will or living trust that leave to Scripps College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Scripps College, a nonprofit corporation currently located at 1030 Columbia Avenue, #2009 Claremont, CA 91711, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Scripps College or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Scripps College as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Scripps College as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Scripps College where you agree to make a gift to Scripps College and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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