Skip to Content

Planned Giving

Paying It Forward: Dr. Brian Preston '67 and Endowed Scholarships

Brian Preston '67

Brian Preston '67

After encouragement from a high school guidance counselor, Brian Preston '67 applied to Kalamazoo College, only to realize that the cost to attend was not possible based on his family's budget. Brian reflects, "K seemed beyond my financial reach at the time, until I discovered I was able to receive a scholarship."

Like many students, Brian was attracted to K's foreign study program. Brian describes his time studying in Germany as "an enlightening and humbling experience that has stayed with me all my life. It really opened up the world to me."

Brian started his education at K in the physics department, but while helping a classmate outline an essay for an English course, he quickly discovered his true passion: writing. After graduation, Brian combined his newfound passion with his desire to experience new cultures and spent four years teaching at the Frankfurt International School in Germany. Also, while in Germany, Brian met his future wife, Laury Yates.

Kalamazoo College helped shape Brian's career. With direct roots to the K-Plan, he discovered his passion for teaching, and leveraged it into a 44-year career as an educator, both abroad and in the United States. Brian's life has forever been positively impacted by his K experience.

Brian began giving to K in the early 1970s and continues to support the College today. In light of the priorities outlined in The Campaign for Kalamazoo College, Brian decided to make a generous gift in his estate, designated to provide scholarship funds to students who might otherwise not be able to afford a K education.

When discussing his decision to support the College, Brian says, "I'm glad that I can invest in a school that has contributed so much to changing my life."

Brian hopes that his gift will inspire others to support the institution that provides such meaningful and impactful experiences to students. He adds, "I want to see K continue to give students an opportunity to experience life and other cultures around the world."

Like Brian, you can make a Kalamazoo College education affordable to more students by providing a gift in your estate plans. Contact Matthew Brosco, Esq., 269-337-7288 or for more information.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to Kalamazoo 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, [name], of [city, state, ZIP], give, devise and bequeath to Kalamazoo College [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 K 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 K 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 K 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 K where you agree to make a gift to K 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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.