Nonprofit Org. OFFICE OF PLANNED GIVING U.S. Postage Degheri Alumni Center, Suite 206 PAID Permit #365 5998 Alcalá Park San Diego, CA San Diego, CA 92110-2492 Bridges SUMMER 2014 Bridges Newsletter Fall 2014 A GIFT-PLANNING RESOURCE FOR USD ALUMNI AND FRIENDS

They established a charitable remainder crisscrossed Europe before settling annuity trust, which was set up to pay in Coronado. Otis earned a PhD them a fixed amount each year for the in International Relations from the remainder of their lives. University of Southern California, while Their lives together first began when Anne, his untiring sidekick, typed Otis graduated from the U.S. Naval his dissertation on an old-fashioned Academy in 1936. He was in Honolulu Underwood typewriter. Anne created when he met the blue-eyed beauty who prize-winning oil paintings, taught would become his partner in a lifelong art classes, and served as an officer in marriage that lasted 63 years. Together, the Coronado Art Association and the they experienced the joys and horrors Coronado Women’s Club. of pre-war, occupied China. Later, on Otis lost his life to Alzheimer’s disease the morning of December 7, 1941, they in 2001. Anne survived him by 11 awoke to the smoke-filled skies of Pearl years. However, because of their A Lifetime of Service Leads to a Harbor, where Otis raced to join his planned gift — their love for San Diego submarine and Anne was evacuated. and their connection to USD, where Upcoming Events Life-Changing Scholarship for Most of the war years were spent son Otis Robert Cole III ’93 earned an Please mark your calendars and plan to number 14,245 USD Students: Otis and Anne apart, as Otis served in submarines, IMBA — the legacy of Otis and Anne join us for the following events. of freshman applications for Cole Demonstrate the Power eventually taking command of the Cole lives on. The students who receive admission received for Fall 2014. TUESDAY, OCT. 2, TO FRIDAY, DEC. 19 FRIDAY, NOV. 7 of Planned Gifts U.S.S. Dace. Meanwhile, Anne worked the Otis and Anne Cole Endowed Art Exhibit 7 p.m. Otis and Anne Cole each grew up with in San Francisco as a translator of Scholarship will forever be part of “Curious Beasts of the British Museum: Lindsay J. Cropper Memorial % parents who were dedicated to serving French and German documents for the their story. acceptance rate. Animal Prints from Dürer to Goya” Writers Series 46 the greater good. Otis Robert Cole, Jr., U.S. government. Guest lecture and book signing was born in 1915 to an Army officer In the postwar years, Otis continued WEDNESDAY, OCT. 22 with Ross Gay Contents 10 - 11:30 a.m. and the daughter of an Army officer. his Navy career, which lasted 30 years incoming students 1 Otis and Anne Cole Demonstrate the Bridges Academy WEDNESDAY, NOV. 12 1,100 Born the same year, Anne Fauntleroy in the Class of 2018. and included service in the Korean Power of Planned Gifts 10-11:30 a.m. Cole grew up as the only child of a U.S. “Alcalá Park by Design” with War. Anne’s time was filled with 2 Tax-Free Sales of Real Estate Bridges Academy Mary Whelan Public Health Service physician. rearing two children, fundraising for 3 Highlight: Golden Toreros Mass of “Jesus and Superman” with It’s no wonder, then, that a decision the the Navy Relief Society, and caring for Remembrance TUESDAY, OCT. 30, TO TUESDAY, NOV. 7 Susan Babka average weighted GPA 3.97 couple made 20 years ago was rooted her mother. The couple also developed 4 Bridges Scholarship Corner: Honor Undergraduate Theatre of admitted students. Roll of Donors FRIDAY, DEC. 5, AT 7:30 P.M. AND in their ongoing legacy of serving the a keen enthusiasm for boating. From “‘Anton’s Shorts’: Three Brief Comedies 5 Upcoming Events by Chekhov” SUNDAY, DEC. 7, AT 2 P.M. greater good. the construction of their first boat at Music % While planning their estate in 1994, home in 1955, until their health waned WEDNESDAY, NOV. 5 72 of undergraduate “Lessons and Carols: A Festival Otis and Anne made a planned gift in the 1990s, they relished their time Contact Us 10 - 11:30 a.m. students receive some form of of Word and Song to Prepare for that, two decades later, would lead together at sea. Office of Planned Giving Bridges Academy financial aid. Christmas” Degheri Alumni Center, Room 206 “Why is it so hard to get local fish in to an endowed scholarship that will After Otis retired from the Navy (619) 260-4523 San Diego?” with Adina Batnitzky benefit University of San Diego students in 1966, the two hardy travelers for generations to come. www.sandiego.edu/plannedgiving Attention Real Estate Owners: John Phillips, at USD’s Office of Tax-free Sales of Real Estate Planned Giving can discuss with you how to sell your highly appreciated How You Can Now that Southern California real property tax-free, continue to receive estate is bouncing back from the your income stream from the property, Support USD depression of 2008, owners of and reduce your current income taxes. If you sell appreciated securities investment property are probably sitting You can do all of this while creating on a bundle of capital appreciation. a permanent family legacy at the this year, you can lose up to 23.8 Unfortunately, while the value of your University of San Diego. Believe it! It’s a percent of your appreciation to properties was increasing, so were rare win-win-win opportunity. taxes, not including state taxes. taxes. The tax that most affects the sale of real estate is the tax on capital For a free and confidential consultation gains. The federal capital gains tax is about how you can take advantage of Turn that loss into a gain by now at 23.8 percent, not including the current tax laws and win, please call supporting the University of San (619) 260-4523. additional State of California tax. The Diego this year with a tax-free entire tax must be paid in the year of the sale. The tax can be deferred gift of appreciated stock. through an exchange for a similar property, but eventually most owners want to sell and the tax comes due. It’s enough to make an owner flinch at the thought of selling a property. THE INFORMATION IN THIS PUBLICATION IS NOT INTENDED AS LEGAL ADVICE. ANY PROSPECTIVE DONOR SHOULD SEEK THE ADVICE OF A Highlight: Golden Toreros QUALIFIED ESTATE AND/OR TAX PROFESSIONAL TO DETERMINE THE CONSEQUENCES OF HIS OR Mass of Remembrance HER GIFT. The Golden Toreros remembered and honored departed classmates and faculty from the earliest days of the university during the inaugural Mass of Remembrance. Daily noon Mass in Founders Chapel on Aug. 14, 2014, was offered in honor of these alumni and faculty. The Golden Toreros — those Want Your who have celebrated their 50th reunion — served as readers, Eucharistic ministers, Family Name and gift bearers. The Book of Remembrance, which to Live Forever? they had the opportunity to sign, will Bridges Scholarship Corner be used year after year as this new tradition continues. Some attendees Reserve Your Seats Now for the Bridges signed their name, some listed Academy Holiday Luncheon! Consider creating a USD Family Legacy. the names of friends and family Tuesday, Dec. 2, 2014, members who had passed away, Noon - 2 p.m. Contact the Office of Planned Giving for details and some wrote an intention for Joan B. Kroc Institute for Peace and Justice those departed. After Mass, the alumni $35 per person enjoyed lunch in La Gran Terraza, while catching up with old friends and Join us in honoring the 2014 Bridges meeting new fellow Golden Toreros. The Endowed Scholarship recipients. For more (619) 260-4523 Golden Toreros Mass of Remembrance information regarding registration and marked the final signature event of seating requests, call Tracy Zetts at (619) the program’s first year. The next 50th 260-4815. Reunion Class was inducted on Oct. 11, during the 2014 Homecoming and Family Weekend.

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