An Invitation from Bill Hurd '61
Bill Hurd '61
Read Bill's article, "Family First with a Charitable Trust"
Read Bill's article, "Trust Your Children or Trust a Trust"
Read Bill's article, "Take Care of Yourself First"
Read Bill's article, "Retirement Income for Financial Conservatives"
Read Bill's article, "A Charitable Trust Might be for You"
Read Bill's article, "Charitable Giving May Be Easier Than You Think"
Hi! I’m Bill Hurd, Class of ’61. I served as the Planned Giving Chairman for my 50th reunion class. This was a very successful effort, as it was announced at the reunion that my class pledged over $3 million, including deferred gifts, to Clarkson, a record amount for 50th reunion gifts.
My wife, Elaine, and I enjoy giving to charity, and helping charities in fundraising. I enjoy figuring out how to minimize taxes. I enjoy developing our financial plan. And I enjoy planning our estate to be most beneficial to our heirs, and to minimize taxes through charitable giving. I also like to brainstorm with other people to help them with their planning. To put all of this together, I studied in recent years and became a Certified Specialist in Planned Giving. Now I’d like to share my knowledge with others who wish to support Clarkson.
One of the main obstacles to charitable giving is that most people just don’t have a lot of extra cash. If you are in this situation, but you are charitably inclined, then including charitable gifts in your estate plan is a natural. Because our tax laws encourage philanthropy, making carefully planned gifts from your estate can often be done at very little cost to your heirs. In some situations, giving can actually be beneficial to your heirs. For example, if you want to leave a possibly-spendthrift heir a lifetime income rather than a lump sum inheritance, a charitable trust may be more beneficial than other options.
Charitable giving during your lifetime can also be very beneficial in your financial plan. This is especially true if you have almost any kind of property that you would like to dispose of without paying capital gains taxes. For example, you may have a concentrated investment portfolio that produces little or no income. Donating assets to a charitable trust could enable you to diversify your investments, achieve lifetime income for you and possibly for your children, avoid paying capital gains tax, and realize an immediate charitable deduction. Sound good?
If you’d like to help Clarkson with a gift and would like to discuss creative ways that are beneficial to you as well, please feel free to contact me anytime. I enjoy volunteering my time to help Clarkson in this way, but any conversations I have are completely confidential and never reported to Clarkson. I hope to hear from you soon!
William J. (Bill) Hurd ‘61
Certified Specialist in Planned Giving
Contact Bill at
Learn more about Bill and his gift plan for Clarkson in this article.