This winter, Whitworth received a generous estate gift totaling more than $500,000 that will help provide scholarships for future Whitworth students.
The gift is from the estates of longtime Whitworth supporters and education advocates Alfred J., '50, and Dolores ("Dee") Swanson. Their former pastor (and current Whitworth trustee) the Rev. Jim Singleton, says, "They simply saw the great work of Whitworth in lots of ways and through lots of experiences with the greater Whitworth community."
The main portion of the Swansons' gift came in the form of U.S. Department of Treasury Series E savings bonds. Generally, the bonds are heavily taxed when they're cashed in. Because the Swansons chose to donate theirs to Whitworth, a nonprofit organization, the university is able to collect all of the compounded interest without taxation. "These bonds make wonderful gifts to organizations like Whitworth," says Joe Dinnison, '79, executive director of The Whitworth Foundation.
If you have questions regarding your estate plan or donating complicated assets to Whitworth, please contact Dinnison at 509.777.4363 or at jdinnison@whitworth.edu.
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