www.pdcfoundation.org
www.pdc.edu
Legacy Gifts – Paying it Forward
When Randy Betz and Barbara Mease
began to consider a planned gift to
Paul D. Camp Community College,
they reflected upon the opportunities
they had personally experienced in
their local community. Both Randy
and Barbara attributed many of their
good fortunes to the contributions
made by the family of Paul Douglas
Camp to the region.
Randy transitioned from his career
Planning a Legacy –
Reflecting a Life
The decision to make a legacy
gift often proceeds from
personal reflection during the
overall planning process.
When adult children help
elderly parents in formulating
effective estate plans,
consideration of a charitable
legacy can be one of the more
fulfilling parts of the process.
at Union Camp Corporation and
International Paper to Paul D. Camp
Community College, institutions bearing the Camp family name. As
Founder and Executive Director of the Texie Camp Marks Children’s
Center, Barbara experienced first-hand the generosity of the Camp
Family Foundations through their funding to establish and maintain
the Center.
“The spirit of philanthropy exemplified by the Camp family inspired
our decision to give back to the community,” said Randy. “The Virginia
Community College System has readily available and affordable
educational and training opportunities that help members of our
community improve their lives, which made our choice to give to Paul D.
Camp Community College a natural one.”
Randy, who currently serves as Vice President of Workforce
Development, is proud of Paul D. Camp Community College’s role in
the community. When International Paper closed its Franklin Mill in
2010, he was able to help his former colleagues obtain new skills and new
careers. By naming Paul D. Camp Community College as a beneficiary in
their estate planning process, Randy and Barbara have ensured that the
College will continue to touch more lives in their community.
November 2014
Building the Future • 1
For constructive suggestions
as to how your family can pay
it forward in this community
through the work of Paul D.
Camp Community College,
please contact:
PDCCC Foundation
100 North College Drive
Franklin, VA 23851
Felicia Blow
Executive Director
(757) 569-6791
fblow@pdc.edu
Trish Edwards
Development Associate
(757) 569-6789
tedwards@pdc.edu
Writing the Estate Plan: Put Your Team Together
The key to an effective estate plan is bringing the people with a voice in
decisions together with one or two trusted advisors. This team will need
basic information about the property owned by the person whose plans
are underway, and that person’s intentions concerning that property,
including charitable legacies. This team may include:
1. The person making the plans (The “testator” if a will is being used)
2. Immediate family members (just enough to put the plan together; others with a stake can be kept informed as plans mature)
3. An estate planning lawyer (with expertise in state and federal
estate taxes).
4. Anyone with special expertise recommended by that attorney.
The PDCCC Foundation welcomes the opportunity to provide ideas for
legacy gifts that make the maximum impact on our community.
Implementing the estate plan: Get the facts together
Anyone managing someone else’s affairs will need complete information
on all accounts, payment arrangements, and documentation of all kinds.
Much of this information will be as important for an adult child caretaker
as for an executor. Caretakers/executors should have:
1. A discharge form (DD 214) for any veteran wishing military honors
or burial in a military cemetery.
2. Awareness of any automatic payments drafted from the individual’s
account. Families have forfeited large insurance benefits because an
account was closed from which insurance premiums were drafted,
causing the policy to lapse.
3. All account numbers as well as passwords for online access.
4. Knowledge of the whereabouts of all important personal papers, including a copy of the will, powers of attorney, etc.
Join the Legacy Society
Your legacy gift qualifies you for
membership in the Foundation’s
Paul D. Camp Community
College Legacy Society, which
honors those who include the
Foundation in their estate or
financial planning.
To let us know of your planned
gift (and join the Society), or to
find out more about creating
a legacy through the college
foundation, please contact:
PDCCC Foundation
100 North College Drive
Franklin, VA 23851
Felicia Blow
Executive Director
Resources to plan a legacy
These items have proven to be helpful guides for one’s own planning, or
for helping someone else with their planning.
• ABA/AARP Checklist for Family Survivors: A Guide to Practical and Legal
Matters When Someone You Love Dies by Sally Balch Hume (American Bar
Association, 2013).
• The Big Book of Everything, by Erik A. Dewey, www.erikdewey.com.
(757) 569-6791
fblow@pdc.edu
Trish Edwards
Development Associate
(757) 569-6789
tedwards@pdc.edu
• 12 Critical Things Your Family Needs to Know, by Mark Gavagan, www.12criticalthings.com.
• Your Community College Foundation Staff. Contact Trish Edwards,
757.569.6789, tedwards@pdc.edu.
Any information in this newsletter concerning giving options or their tax benefits is of a general
educational nature only and does not constitute, or substitute for, legal advice. Please seek
competent legal advice regarding how any charitable gift might affect your personal situation.
©Copyright Planned Giving Advantage, Inc. 2014 All rights reserved Cpo©
Paul D. Camp Community College
Frank
anklin
lin Suff
uffolk
olk Smithfield Online
www.pdc.edu
November 2014
Building the Future • 2