Donor Stories
Bob Youker ’55
Family First
Bob Youker ’55 loves Colgate and of course has great love for his family. Bob was looking for a way to have a win-win scenario and has a charitable remainder unitrust with Colgate; the payments from the trust will benefit his daughter for the rest of her life. “The proceeds of the trust will then be added to the Bliss J. Youker ’15 Endowed Scholarship in memory of my father, furthering the familial bond between my family and Colgate. I also have a charitable gift annuity that pays 7% which I funded with appreciated stock, avoiding a portion of capital-gain tax that would have been due and earning much more than the current 1% on government bonds and CDs.”
The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Colgate. We would be pleased to discuss, in confidence, ways in which you may support Colgate. These measures may also have an impact on your estate planning.
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