PLANNED GIVING NEWS FALL 2014

JAMES F. ROTHENBERG AB ’68, MBA ’70 THE POWER OF PLANNED RADCLIFFE ALUMNA GIVING AT HARVARD GIVES BACK ACROSS James F. Rothenberg AB ’68, MBA ’70, THE UNIVERSITY former treasurer of Harvard University, chair of the Board of Directors of Harvard Pringle Hart Symonds AB ’56 may have Company (HMC), and spent her formative years on the campus chairman of Capital Group Companies, Inc., of , as it was then shares his thoughts on One Harvard, his known, but her recent generosity reaches passion for the University, and what it across Harvard. Symonds has established means to have Harvard and HMC standing charitable gift annuities that support behind your planned gift. the Radcliffe Institute for Advanced Q: What are the most important Study, Harvard (HMS), PRINGLE HART SYMONDS AB ’56 things you learned about Harvard as Harvard (HBS), and the University’s treasurer? the Library system, I have learned that Harvard is a complicated including —where Pforzheimer Aronson AB ’56, the place. The University’s historical approach she once worked. These gifts provide daughter of longtime Radcliffe to financial management, which we know as Symonds with both steady income and supporters Carol Pforzheimer R ’31 “every tub on its own bottom,” has enormous tax benefits. and Carl Pforzheimer Jr. AB ’28, strengths. It has helped produce the The daughter of a naval officer, Symonds MBA ’30. Symonds says she gave excellence of each of the Schools. But there attended 17 schools prior to college, but to the Radcliffe Institute in honor are weaknesses to that approach as well, so by the time she was a high school junior, of Carol Pforzheimer, who died in we are always trying to find the right balance she had set her sights on Radcliffe. She 2010 after a lifetime of generosity between a strong and capable center that recalls her mother saying about college: to Radcliffe that took many forms— can help the Schools, and the inherent value “Do something that you will never be including the Carol K. Pforzheimer of entrepreneurship that autonomy gives able to do again in life.” And she did just Professorship; the directorship of the the Schools. In doing so, we have excellent that. While at Radcliffe, she majored in ; and the Carol partners in each of the deans, who are French and seized the opportunity to K. Pforzheimer Student Fellowships. wonderful University citizens. spend her junior year in Paris. Additionally, is named for the Pforzheimer family, I have also learned that President Faust’s Through Radcliffe College, Symonds reflecting their long-standing support notion of One Harvard is very important made enduring friendships. One of Harvard. because it reflects the way human knowledge of her close friends is Nancy is expanding today and how people are CONTINUED ON PAGE 4 learning. There are so many subject areas

that no longer apply to just one department ABOVE: STAINED GLASS WINDOWS BY SARAH WYMAN WHITMAN (1842–1904) IN THE SCHLESINGER or School and so many challenges that LIBRARY IN RADCLIFFE YARD AT HARVARD UNIVERSITY PHOTO: KRIS SNIBBE/HARVARD UNIVERSITY (HU) CONTINUED ON PAGE 2 JAMES F. ROTHENBERG PHOTO: KRIS SNIBBE/HU 1 PRINGLE HART SYMONDS PHOTO: COURTESY OF PRINGLE HART SYMONDS THE POWER OF PLANNED GIVING AT HARVARD CONTINUED FROM COVER

require the close collaboration of several to give and where we will have the most behind you. You have Harvard Management Schools. How do you tackle a subject like impact. Company working for you, so you can be climate change, for example? Because it’s We support Harvard financially for the sure that your funds are being managed by not just science. It’s policy, law, business, same reason we give our time and energy: very talented people. It’s the combination ethics, education, and more. This is one of we believe Harvard has impact. As a family, of doing something for Harvard, helping the great advantages of Harvard. When we we have made education a big philanthropic yourself and your family with financial and take on a challenge, we get the best people thrust, and Harvard is our number-one tax planning, and having Harvard standing working on it together from every angle. priority. We support other areas and behind you. That’s a powerful concept. Q: Why have you chosen to allocate institutions as well, lots of things in our Q: Among gifts that pay income to a great deal of time and energy in community, and Anne has a great passion donors and are managed by HMC, key leadership roles at Harvard? for the Huntington Library, which also has the most popular investment option When I was considering whether to become a significant educational mission. But we over the past 10 years has been the Harvard endowment. Why is that, the treasurer of Harvard, my wife, Anne, always think about where we can have the and would you expect it to continue? said she knew that if I didn’t say yes, I’d most impact. regret it. And she was right. I said yes to Because I’ve been so actively involved When you look at an institution that has Harvard because I believe the work of this at Harvard, I can also see where dollars done well over the years, you should University is so important. There are so many are most needed and where even small ask yourself, “What are the factors that challenges in our country and in the world amounts can really help. For example, I have produced that success and will they today and so many ways that Harvard can made a gift to support House Renewal. I stay in place?” At Harvard, there may be help solve them. It would be very hard for me saw how important it was to Harvard, and changes in leadership at HMC, but with to walk away from helping Harvard do that. that is why I supported it. the board in place and the history of this University, you can feel comfortable that My football coach once said about me, Q: Harvard is a global leader in Harvard will sustain its excellence and “Show him a wall and he’ll try to knock it down.” planned giving. What makes Harvard commit the necessary resources for I think that captures how I feel about helping such an appealing place to establish hiring the right talent. Harvard be the best university it can be. a planned gift? I like to think that my company, Capital Making a planned gift is an excellent Q: Why do you and Anne support Group, has been around a long time, and Harvard financially, and how do way to support an institution you care it has been in business for 80 years. But you make your decisions about about and provide an ongoing benefit to when you compare that to what Harvard charitable giving? yourself—generating annual income and has achieved over many, many years, you handling estate and other tax issues in an Anne and I look at the whole perspective. understand that it’s the process and the efficient manner. Making a planned gift at After setting aside assets for our expanding commitment rather than a single person Harvard is something more because you family, we look at how much is available that is most important. have the staying power of this University

Make a Difference. Make a Bequest.

It is easy to support Harvard through a bequest—simply include the following language in your estate plan:

“I give ( dollars or percent or all of the residue of my estate) to the President and Fellows of Harvard College, a educational, charitable corporation (for its general purposes or for the benefit of a School or Unit).” Bequests can be tailored to your interests. Please contact Harvard University’s Planned Giving team at 800-446-1277 or [email protected] for assistance.

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RIGHT: VIEW OF THE SCIENCE CENTER THROUGH 2 THE ARCHES OF MEMORIAL HALL PHOTO: KRIS SNIBBE/HU DEAN’S GIFTS A ‘WIN-WIN’ FOR STUDENTS, FAMILY Q: What are the greatest challenges and opportunities PhD ’64, the longest- facing Harvard over the serving dean in Harvard University next 10 years? How will the history, calls investing with Harvard a University and HMC respond? “win-win.” Harvard faces two major financial challenges. The first is that net tuition Shinagel retired as dean of continuing growth will be modest over the next education and University extension in 2013 after 38 years of service to several years. The second challenge PIKE/HU JEFFREY PHOTO: the Division of Continuing Education, is that federal funding for scientific MICHAEL SHINAGEL PHD ’64 research, which especially affects the including 36 years as dean. Shinagel Faculty of Arts and Sciences, Harvard says his Harvard annuities offer several Medical School, and Harvard School of advantages: his children receive a degrees in education, and eventually Public Health, is clearly going to remain dependable stream of yearly income became a high school principal. under pressure for some time to come. from the accounts established for them, “My hope for my scholarship fund is So we will not experience growth and his deferred charitable gift annuities that we get more people like that and do from tuition or government funding. help create a secure retirement fund for some good in the world,” Shinagel says. With that in mind, we will need to set him and his wife, Marjorie. Shinagel first came to Harvard in priorities and move on the fronts that And there are other benefits. 1957. After graduating with a PhD in make the most sense. “You invest in Harvard, which I think English in 1964, he went on to teach at And yet, the opportunities are very is a safe investment, and you get a tax Cornell University and . exciting. The problems that need to be deduction. You also get a reasonable He returned to Harvard in 1975 as addressed in the world today—from rate of return over time, and when you director of the Division of Continuing education to water to disease—all of pass on, or when the people you have Education before being named dean of these things are right up Harvard’s alley. done annuities for pass on, the money the Extension School in 1977. He has Our faculty and students are tackling reverts to Harvard,” he says. held a number of other roles at Harvard: them from many sides. There are Shinagel’s gifts will also support a cause He was a master of Quincy House from financial constraints to doing all that you he is passionate about: scholarships for 1986 to 2001, a tutor at , want to do, but as my father liked to say, students in need at Harvard Extension and president of the Harvard Faculty “You’ve got to keep fighting.” That is why School. A charitable remainder unitrust Club. He also worked with the Harvard philanthropy is so critical. It means we will benefit the Dean Shinagel Foundation, chaired the Committee on can keep fighting. ✺ Scholarship Fund at the Extension Dramatic Arts in the Faculty of Arts School as well as the School’s general and Sciences, and served on the boards charitable purposes. of the American Repertory Theater and the Harvard COOP. “I care very deeply about access for deserving socioeconomically disadvan- Harvard students will continue to taged students,” he says. “It has been my benefit from Shinagel’s teaching as well great sense of satisfaction over the years as his gifts; he remains at the Extension to give a Harvard education to students School as a distinguished service who normally wouldn’t come.” lecturer in extension, teaching graduate courses on satire and the English and Shinagel has long been dedicated to American novel. making a Harvard education accessible and affordable. As a graduate student “There’s an old saying attributed to working in Harvard College’s admis- Confucius: If you find work that you sions office, he once recommended an really enjoy, you’ll never have to work applicant who did not fit the profile another day in your life,” he says. “I’ve of a typical Harvard student. The always valued the opportunity to do the things I’ve done. Harvard’s always been student attended Harvard, graduated ✺ cum laude, went on to receive graduate a home to me.”

3 HARVARD SPOTLIGHT RADCLIFFE ALUMNA GIVES BACK ACROSS THE UNIVERSITY KRIS SNIBBE CONTINUED FROM COVER

After graduating from Radcliffe, Symonds earned a master of library science degree from Simmons College in before returning to Cambridge, where she spent three years working on descriptive cataloging at Widener Library. Symonds notes that the library was, like Radcliffe, a place where many friendships were born. Symonds credits her brother, W. Howard Hart MBA ’61, for motivating her to give back to the University. Hart provided Symonds with financial support after the death of her husband, John, in 1994. However, when she attempted to purchase a home, she was unable to take out a mortgage alone as she had “money but no income.” At her brother’s suggestion, she established a charitable gift annuity in support of HBS in 2010. That and her subsequent charitable gift AMIR YACOBY (LEFT) AND YULIYA DOVZHENKO annuities across the University—one in 2011 to support the Radcliffe Institute and another in 2014 for HMS and the Harvard College Library—provided Symonds with “steady, solid income” as she was turning 80. SCIENTISTS PUSH DISCOVERY TO THE Charitable gift annuities MOLECULAR LEVEL are a “great opportunity.”

A group of Harvard scientists—including —PRINGLE HART SYMONDS AB ’56 team leader Amir Yacoby, professor of physics and of applied physics, and Symonds, who has had several doctors in her family, says she is passionate about research assistant Yuliya Dovzhenko— primary care and global health, and she believes that “good medical care for everyone should be important to all of us.” She says she is happy to give unrestricted is taking MRI technology and shrinking funds to HMS, especially given the cost of medical education and the financial it down, in the hopes of one day producing barriers to going into primary care. “We need more internists and general medicine practitioners,” she says. 3D images of individual molecules, which For Symonds, charitable gift annuities at Harvard are “a great opportunity that could have a wide-ranging impact on more people should take advantage of and be educated about.” She notes that an annuity is a good gift vehicle for “anyone who is not in the category of having a lot of health care and other industries. money.” Reflecting on her decision to direct her support to the University, Symonds adds, “Harvard was a reliable and trustworthy source to establish my charitable gift Make a planned gift to support annuities. I know it isn’t going anywhere!” ✺ Harvard scientists at the forefront of groundbreaking discoveries.

LEARN MORE Harvard Management Company: To learn more, please email 40 Years of Support [email protected] or call 800-446-1277. For four decades, Harvard Management Company has provided world-class investment management in support of Harvard’s educational and research goals—such as enabling life-changing

ABOVE PHOTO: KRIS SNIBBE/HU financial aid programs. With a planned gift, you can be a part of this tradition. For more information, visit hmc40.com.

4 Harvard University Gift Annuity Rates

ANNUITY RATES ARE BASED ON YOUR/YOUR BENEFICIARY’S AGE(S) WHEN QUARTERLY PAYMENTS BEGIN.

…OR WAITS 5 YEARS DONOR MAKES …AND ANNUITY BEFORE ANNUITY A GIFT TODAY AT BEGINS IMMEDIATELY BEGINS CURRENT AGE… AT THIS RATE*… DONORS AT THIS RATE*

65 5.4% 7.6%

65/65 4.8 6.7

70 6.0 8.4 ANNUAL INCOME GIFT FOR LIFE TO DONORS 70/70 5.3 7.4 AND/OR OTHER BENEFICIARY(IES) 75 6.7 9.7 HARVARD 75/75 5.9 8.2 ACCOUNT

80 7.7 11.0 PRINCIPAL AT END 80/80 6.5 9.5

* ANNUITY RATES CURRENT AS OF SEPTEMBER 2014

HARVARD

CHARITABLE GIFT ANNUITY A charitable gift annuity is a simple contract between you and Harvard that offers a tax-advantaged way to provide guaranteed income for yourself and/or someone else.

STAFF ANNOUNCEMENT University Planned Giving is happy to welcome new staff assistant Ernesto Fernández MDiv ’14. He is a graduate of St. Thomas University and received his master of divinity from . Prior to joining University Planned Giving, Ernesto worked in development and grantmaking in his native Miami, Florida. Most recently, he was a Visit campaign.harvard.edu to learn public affairs consultant for the Miami Foundation. about The Harvard Campaign and the He spends his spare time studying martial arts, PHOTO: JULIETTE LYNCH/HU reading and writing on philanthropy, taking in the School campaigns. arts around Boston, and cooking with friends.

5 UNIVERSITY PLANNED UPCOMING UPG EVENTS:

FAMILY, FINANCE, AND GIVING EVENTS PHILANTHROPY DINNERS WASHINGTON, D.C. DINNER AND DISCUSSION ON FAMILY, FINANCE, AND PHILANTHROPY DECEMBER 3, 2014 Earlier this year, guests enjoyed Family, Finance, and Philanthropy dinners in East Palo Alto, WILLARD INTERCONTINENTAL New York City, and Beverly Hills. BEVERLY HILLS If you are interested in receiving materials or sponsoring a program in your area, please contact FEBRUARY 25, 2015 University Planned Giving at 800-446-1277 or [email protected]. THE PENINSULA BEVERLY HILLS

SAN FRANCISCO FEBRUARY 26, 2015 FOUR SEASONS SAN FRANCISCO EAST PALO ALTO, FEBRUARY 26, 2014 Held at the Four Seasons Hotel Silicon Valley, the evening was hosted by Marc A. Bodnick AB ’90 and Michelle S. Sandberg AB ’95, Donald E. Farrar AB ’54, PhD ’61 and Joan F. Farrar, and Daniel J. Mendez AB ’86 and Vivian M. Leal.

1. ANNE MCCLINTOCK, 2. BRIAN HAUGHTON AND 4. LOREN KINCZEL AB ’98 MARC A. BODNICK FRED TAYLOR AB ’65 AND BILL URBAN MPA ’13 AB ’90, AND MICHELLE 3. CATHERINE BODNAR AND S. SANDBERG AB ’95 OREST BODNAR MBA ’81

1 2

3 4

6 1 2 3

NEW YORK CITY, MAY 8, 2014 Held at the City, the program was hosted by Mike M. Donatelli AB ’79, JD ’81 and Evelyn Byrd Donatelli, Edward C. Forst AB ’82 and Susan R. Forst, Carl H. Pforzheimer III AB ’58, MBA ’63 and Elizabeth S. Pforzheimer, and Samuel H. Wolcott AB ’57 and Nora Bradley Wolcott.

1. ELIZABETH S. PFORZHEIMER, 2. PAUL MULKERRIN AB ’78 3. MIKE M. DONATELLI AB ’79, JD ’81, CARL H. PFORZHEIMER III AB ’58, MBA ’63, EVELYN BYRD DONATELLI, AND AND DAVID KARP AB ’90 DAVID POOR AB ’77

1

BEVERLY HILLS, FEBRUARY 27, 2014 2 Enrique Hernandez Jr. AB ’77, JD ’80 and Megan M. Hernandez, Michael T. Kerr AB ’81, MBA ’85 and Margaret L. Kerr, and Theodore R. Samuels II AB ’77, MBA ’81 and Lori W. Samuels hosted the event at The Peninsula Beverly Hills.

1. PAUL BALSON AB ’89, 2. MICHAEL T. KERR AB ’81, MBA ’85 ANISSA BALSON, AND WILLIAM GLASS MBA ’59

7 Non-Profit Org. U.S. POSTAGE PAID PERMIT NO. 6 HARVARD UNIVERSITY HUDSON, MA 01749 124 MOUNT AUBURN STREET CAMBRIDGE, MA 02138-5795

HOW TO REACH HARVARD’S PLANNED GIVING PROFESSIONALS

University Planned Giving professionals University Planned Giving 617-495-4647 Anne McClintock can help you develop gift plans for any part Philanthropic Advising 617-495-4647 Alasdair Halliday of the University:

Harvard University 800-446-1277 Harvard University President’s Fund 124 Mount Auburn Street [email protected] Harvard College Cambridge, MA 02138-5795 alumni.harvard.edu/give/planned-giving Graduate School of Arts and Sciences Business School

Business School 617-495-2745 Peter Doyle School of Dental Medicine Graduate School of Design

Harvard College, GSAS 617-495-4352 Peter Kimball Divinity School Graduate School of Education

Law School 617-496-9265 Charles Gordy School of Engineering and Applied Sciences Extension School

Medical School 617-384-8449 Mary Moran Perry Kennedy School Law School

School of Public Health 617-432-8071 Judi Taylor Cantor Medical School School of Public Health Radcliffe Institute for Advanced Study Harvard Museums of Science and Culture Memorial Church American Repertory Theater Arnold Arboretum Alumni Affairs & Development Marketing and Communications © 2014 President and Fellows of Harvard College UPG 15-314