Winter  2002
Volume 6 Number 2

  


 
The Reverend Chase S. Hunt is the Seminary's director of planned giving. 
I don’t know about you, but seldom does a week go by without mail being delivered to my home featuring one or another plan to enhance my retirement income when that time comes. Quite often, these items refer to IRA, 401k, 403b, or similar plans and the rules governing them. It is important that we understand such plans and the implications they may have for our personal planning. It is important, too, to be aware of yet another arrangement that may not be as familiar, but is certainly deserving of your consideration. Often referred to as “the charitable IRA,” this plan is properly called the Deferred Payment Gift Annuity. It can help you accomplish charitable goals important to you and provide for your retirement needs at the same time.
Miller Chapel Update 

Thanks to the generosity of alumni/ae, churches, foundations, friends, and trustees, gifts and commitments for the Miller Chapel Restoration Project totaled $7,505,159.86 as of late September 2001.

More 

An individual wishing to arrange for retirement income beyond what his or her other retirement plan provides can make life income gifts of $1,000 or more (no upper limit) to the Seminary on an annual basis, or at other intervals, by way of a Deferred Payment Gift Annuity—specifying that these cumulative gifts begin to make income payments on an anticipated retirement date. For example, if you plan to retire in 11 years, you could make annual gifts of $5,000 for each of the next 10 years, being eligible for a charitable deduction each year along the way. Upon your previously selected retirement date, the combined payments from all ten agreements would begin coming to you at specified intervals to supplement your other retirement income. A portion of that income would be tax-free for the years of your life expectancy. In addition, these payments would come to you when you are likely to be in a lower income tax bracket than when you made the gift, thereby offering you additional savings. Because this life income plan is, by law, backed by the full faith and credit of the Seminary, you would have the assurance that this arrangement is secure. Upon your death, or that of your spouse or other beneficiary if one was provided for at the time each annuity was established, these agreements will terminate and the amount remaining would come to the Seminary. Participants in this plan must be 50 years of age or older.

The numbers and the other advantages of this plan can be quite compelling. I invite you to contact me to see what they would be in your situation and to learn in greater detail the features of a Deferred Payment Gift Annuity or any of the other planned giving arrangements offered by the Seminary. 

Gifts

This list includes gifts made between June 21, 2001, and September 30, 2001.

2000–2001 Annual Fund

In Memory of

Dr. David J. Beale
Dr. Wilson T.M. Beale
The Reverend Dr. Henry Seymour Brown (1900B)
The Reverend Dr. Edward James Caldwell Jr. ('38B)
The Reverend Dr. William H. Felmeth ('42B)
The Reverend Philip W. Furst ('35B)
Mrs. Jane G. Irwin
The Reverend J. Arthur Lazell ('37B)
Mrs. Esther Loos
Mr. George W. Loos Jr.
The Reverend W. Burney Overton ('42B)
The Reverend Dr. David W. Weaver ('31B)

In Honor/Appreciation of

The Reverend Leo A. Forsberg Jr. ('70B)
Dr. George Horn
Ms. Kirianne Elizabeth Weaver (2001B)


2000–2001 Scholarship Fund

In Memory of

The Reverend Robert C. Holland ('62B)
The Reverend George A. Vorsheim ('50B)

In Honor/Appreciation of

Mrs. Wonjae Choi
The Reverend Keith Edward Geiselman ('95B)


2000–2001 Alumni/ae Roll Call

In Memory of

The Reverend James M. Crothers ('39B)
Mrs. Jane G. Irwin
The Reverend Kirsten E. Lunde ('86B)
Mr. Edward Vetula
Ms. Helen Vetula

In Honor/Appreciation of

Dr. Ellen T. Charry
The Reverend Douglas A. Dunderdale ('54B)
Mrs. Elinor Dunderdale
The Reverend Dr. James E. Loder ('57B)
Princeton Theological Seminary for preparing me for the past 50 years of ministry
The Reverend Dr. Alan G. Stones ('71B)
The Reverend Dr. David B. Watermulder ('45B/'48M)

Miller Chapel Restoration Project

In Memory of

The Reverend Dr. Arthur M. Adams ('34B)
The Reverend Dr. Wilson T.M. Beale ('02B)
Mr. Paul Farkas
The Reverend J. Harold Guy Sr. ('36B)
Mr. Dominick A. Ross
The Reverend Dr. Raymond C. Walker ('10B)
Dr. David A. Weadon

In Honor/Appreciation of

Mr. Frederick D. Amsler
Mrs. Helen K. Amsler
The Reverend Dr. Thomas W. Gillespie ('54B)
The Reverend Michael E. Livingston ('74B/'91M)
Dr. George Hunt McConnel ('78B)
Mrs. Mary Louise Meyer
Dr. Paul W. Meyer
The Reverend Jeffrey V. O'Grady ('88B)
Princeton Theological Seminary for giving me a good education
The Reverend John Caldwell Pruitt ('99B)

Buck Breland Memorial Medical Emergency Endowment Fund

In Memory of
Mr. Osmond P. "Buck" Breland III (2000b)

 

The Reverend Dr. Lawrence A. Chamberlain Scholarship Endowment Fund

In Memory of
The Reverend Dr. Lawrence Albert Chamberlain (’65B)

 

Class of 1970 Scholarship Endowment Fund

In Memory of
The Reverend Dr. Arthur M. Adams ('34B)

 

David Livingstone Crawford Memorial Scholarship Endowment Fund

In Memory of
The Reverend Dr. David L. Crawford ('47B)

 

Geddes W. Hanson Black Resource Library

In Honor/Appreciation of
The Reverend Dr. Geddes W. Hanson ('72D)

 

Bryant M. Kirkland Minister of the Chapel Endowment Fund

In Memory of
The Reverend Dr. Bryant M. Kirkland ('38B)

 

Richard H. Lackey Jr. Memorial Scholarship Endowment Fund

In Memory of
Mr. Richard H. Lackey Jr.

 

Presbyterian Church in Morristown, New Jersey-The Reverend Dr. Thomas S. Mutch Scholarship Endowment Fund

In Memory of
The Reverend Dr. Thomas S. Mutch

Miller Chapel Update

Thanks to the generosity of alumni/ae, churches, foundations, friends, and trustees, gifts and commitments for the Miller Chapel Restoration Project totaled $7,505,159.86 as of late September 2001. As of this same date $7,109,778.26 has been received, with the balance of commitments to be paid in 2002. The restored historic chapel and the new Scheide Hall are wonderful improvements for the worship and music life of the Seminary. The annual Service of Lessons and Carols presented by the Jubilate Deo and Cantate Domino Choirs took place in the chapel on Wednesday, December 19, at 6:30 and 8:30 p.m. 

A new endowment, the Bryant M. Kirkland Minister of the Chapel Endowment, is being established at the Seminary in honor of the Rev. Dr. Bryant M. Kirkland, PTS Class of 1938 and longtime Seminary trustee and pastor of the Fifth Avenue Presbyterian Church in New York City. Dr. Kirkland also served pastorates in Oklahoma, Pennsylvania, New Jersey, and Washington D.C.

Gifts and commitments for this endowment, as of September 21, 2001, total $1,124,192.93 toward the $2 milllion endowment goal. If you would like to support this project in honor and memory of Dr. Kirkland, please send your gift to Princeton Theological Seminary, Attention: Vice President for Seminary Relations, P.O. Box 821, Princeton, NJ 08542-0803. Make checks payable to Princeton Theological Seminary and indicate on note line, "Kirkland Minister of the Chapel Endowment."


The Presbyterian Church (U.S.A.)'s Theological Education Fund invites congregations to give 1% of their operating budget to the denomination for the support of all of its seminaries.

We hope you will help Princeton and our sister seminaries prepare church leaders for tomorrow.

For more information, 
call 800-752-6594.


Investing Some Time with Your Seminary

PTS alumni/ae and friends are invited to attend these gatherings across the country to converse with each other and to get an update about the Seminary.

Wednesday, January 23
Ft. Myers, Florida-Luncheon

Wednesday, March 6
Tulsa, Oklahoma-Luncheon at the First Presbyterian Church

Monday, March 11
San Diego, California-Breakfast at the Marriott Hotel

Monday, March 11
Orange County, California-Dinner
Tuesday, March 12
Los Angeles, California-Luncheon at Monte Vista Grove


Tuesday, March 12
Los Angeles, California-Dinner

Wednesday, March 13
Santa Barbara, California-Luncheon at the First Presbyterian Church

Monday, April 8
Philadelphia, Pennsylvania-Luncheon
For more information or to make reservations, call Dean Foose at 
609-497-7785.

 

© Copyright 2001 Princeton Theological Seminary
The URL for this page is http://www.ptsem.edu/read/inspire/6.2/ministry.htm
webmaster@ptsem.edu | last updated 12/20/01

In This Issue

Features

Renewing a Right Spirit

For Such a Time As This: PTS Campus Community Responds to September 11

Windows on a Shattered World

"A Witness to the Truth": Martin Luther King Jr.'s Eulogy for PTS Alum James J. Reeb

Departments

From the President's desk
Letters to the Editor
Student Life  
On & Off Campus
Class Notes
Weddings and Births
In Memoriam
Submit Your
Class Notes
Funny you Should Remember
On The Shelves
Take a Bow
Investing in Ministry
Alumni/ae Update
inSpire Staff
End Things

inSpire Archives