Sale of Rockaway Beach home to benefit students
June 10, 2002
There are many links connecting Bob and Annette Myers to Lewis & Clark.
For example, Bob graduated from Lewis & Clark in 1948 with a degree in economics and business administration. In 1953, College president Morgan Odell married Bob and Annette in the drawing room of the Frank Manor House. During the 1960s, Bob was president of the College’s alumni association. And after practicing law in downtown Portland for 20 years, he joined the faculty at Lewis & Clark Law School, where he is remembered for his great sense of humor.
This spring, Bob and Annette strengthened their bond to the College when they established a charitable remainder unitrust with Lewis & Clark, funded by the sale of their Rockaway Beach home. Trust proceeds will one day fund an endowed scholarship in their names to benefit students at the College.
“When we learned about the opportunity to create a unitrust, we were glad we could do it to support something we care about—education.”
“I received a scholarship during my last term at Lewis & Clark,” says Bob, professor emeritus of law. “And as a teacher, I saw how my students tried to finance their educations. When we learned about the opportunity to create a unitrust, we were glad we could do it to support something we care about—education.”
Through unitrusts, individuals make gifts to the College and receive income from the gift for a specified amount of time at an agreed-upon rate of return. In addition, donors receive an immediate charitable tax deduction. As Bob puts it, “The trust is beneficial to the College and beneficial to us.”
For more information about making a planned gift, please contact Bonnie Stern, associate vice president for major gifts, at 503-768-7911.
—by Jennifer Carter