Gift Planning

Roger Herr '70 and a Winning Idea

Roger Herr started a career with JPMorgan right after graduation from Colgate in 1970. The investment bank provided him with training, to which he added an MBA from Columbia in 1979. Herr then went into public finance with Donaldson, Lufkin and Jenrette (later Credit Suisse) then became an investment advisor in the firm's New York office. From his home in Glen Cove, New York, he has reveled in the beauty of Oyster Bay as an active member of the Seawanhaka Corinthian Yacht Club and Oakcliff Sailing.

For all of his professional accomplishments and personal pursuits, the Phi Kappa Tau brother still remembers the power of Colgate's philosophy and religion faculty - which he credits as an influence in directing his support to religion in student life.

"Over the years, I created several legacy gifts for Colgate," Herr says. "Through four charitable gift annuities, I support an existing endowed fund that I created with my mother, Florence Farwell Herr, providing support for religious activities and programs on campus. For these gifts, Colgate pays me fixed, dependable income for life."

Herr's generosity is also a wise decision, given today's market volatility.

"I was able to capitalize on prevailing rates with each gift," he says. "I found the charitable gift annuities a good way to be tax efficient since I used highly appreciated stock for the donations. It's been an ideal win-win."

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.