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Thoughtful Alumna Leaves a Lasting Legacy

decorative gateIn 1999, Janet Blackburn Dunk '37 became a charter member of Bryant's 1863 Society. After making modest annual gifts for decades, her sustained commitment will have an impact she never could have envisioned.

Dunk's $975,000 bequest intention will support the initiatives of Expanding the World of Opportunity: The Campaign for Bryant's Bold Future, on the way to surpassing its $75 million goal. Gifts to the campaign provide scholarships that increase access to a Bryant education; support faculty and programs that enrich the learning environment; provide resources to cultivate students' global perspective; and create facilities that inspire success.

A graduate of Bryant College's Secretarial Studies program, Dunk and her husband, Philip T. Dunk, Jr., were both devoted alumni to their respective schools; he was a graduate of Johns Hopkins University. A native of Connecticut, she worked and lived in Maryland for most of her life. Her bequest intention was realized in November, with the settlement of the Dunk estate.

"Janet Blackburn Dunk was a loyal and generous alumna who clearly recognized how important planned gifts are to Bryant's future," said Ed Magro, executive director of development. "Both she and her husband included their alma maters in their estate plans, demonstrating a deep trust in and commitment to their beloved schools."

Magro also noted that the Dunks used a popular estate planning strategy to make their gifts. "During their lifetimes, a couple will place assets in trust, providing income to benefit the surviving spouse for his or her lifetime. Upon the passing of the second spouse, the funds designated for charitable gifts are disbursed. It's a conscientious way to ensure that family needs are fully met while also honoring those entities that held great meaning for each of them throughout their lives."

Lend Your Support

Follow Janet Blackburn Dunk's lead and leave a lasting legacy. To learn more about supporting Bryant University with a planned gift through your estate, contact Ed Magro at emagro@bryant.edu or 401-232-6528.

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A charitable bequest is one or two sentences in your will or living trust that leave to Bryant University 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

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to Bryant University [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 Bryant University 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 Bryant University 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 Bryant University 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 Bryant University where you agree to make a gift to Bryant University 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.

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