Meet Our Donors The Reunion Gift of Nathan "Pete" Hendricks '66, '69L Helps Keep the Past Present
Pete Hendricks '66, '69L
As part of its gift celebrating its 50th Reunion, the Class of 66 is underwriting the publication of the second volume of the University's institutional history, written by Dr. Blaine Brownell '65, covering the pivotal period from President Gaines through President Wilson (1930-2000). The book will expand upon General Lee's College by Ollinger Crenshaw '25, which will be reprinted, and both volumes will be offered as a boxed set. The Class Gift will also establish The Class of 1966 Endowment to Collect and Preserve the University's History.
Hendricks has already remembered his beloved history professor, Ollie Crenshaw, with a permanently endowed fund for the history department's Ollinger Crenshaw Prize, as well as permanently endowing The Hendricks History Major Stipend Fund, to support research and travel for deserving history majors. According to Hendricks, Crenshaw was the archetypical history professor, "a keen intellect, a member of the Cosmos Club in Washington, D.C., a thorough gentleman and a great dry wit."
To support his 50th Reunion Class Gift, Hendricks established a deferred gift annuity with the University. "This time in my life—and I think this is true of most people in my class—is a tipping point for a lot of us," said Hendricks. "The window on our working lives is narrowing and many of us—if we have not already—are on the verge of retiring. It is a time when you have to be a realist about the financial demands upon you now, as well as in the future. "
"By giving through a deferred annuity, I had the opportunity to give, but at the same time the comfort of having an ongoing stream of income," Hendricks explained. "I deferred my gift annuity payment for three years, which will offer a better financial return. The University has done a terrific job in demonstrating the number of ways one can give, including examples of the various tax ramifications. The portfolio of options presented was very helpful in making the decision in my particular situation in terms of both the school and its needs and my personal financial picture."
More information on deferred gift annuities and other life income gifts, please contact Margie Lippard in the Office of Gift Planning at (540) 458-8902 or at email@example.com.