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Class of 1968 Sets 50th Reunion Record with Planned Gifts
The Class of 1968 set a record for a 50th reunion gift at Lake Forest, raising more than $4.5 million. Most of the gifts benefited the Class of 1968 Scholarship Fund, which was created for their 45th reunion gift. The Class of 1968 scholarship is structured to provide funds for current students, while building a large endowment to fund scholarships in perpetuity. This year, these funds are supporting six Class of 1968 Scholars.
Planned gifts, in the form of bequests, were a major factor in this record-setting gift. The College counts bequests at full value for donors aged 70 and older. With this in mind, the gift committee encouraged classmates to consider including Lake Forest College in their estate plans. Donors found that bequests allowed them to make larger gifts than anticipated. These gifts totaled more than $3.6 million for the class scholarship endowment.
As a result, the 1857 Society is welcoming a dozen new members from the Class of 1968, the largest number from a single class in the Society’s history. The College website has an interactive planned giving section that provides information on the Society as well as on ways to give, including bequests, annuities, and charitable trusts. For easy access, click the “Giving” tab at the top of the College’s home page and “Planned Giving’’ on the next page to go to the site.
The Class of 1968 set both total dollar and participation records for a 50th reunion gift. They are now challenging succeeding classes to set new records, while helping insure that Lake Forest College continues to provide the best education and the best value for tomorrow’s students.
Make a difference and accept the challenge at lakeforest.edu/plannedgiving.