Newspapers / Chowan University Student Newspaper / March 1, 1994, edition 1 / Page 7
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Development News Commerical printing industry, newspapers in joint effort Major campaign launched for printing program A major financial campaign to provide addi tional equipment and facilities for the four year degree program of the W. A. Krueger School of Graphic Communications was officially launched in early March with a kick-off meeting of the cam paign committee. The Alden Challenge Campaign was initiated after the George Alden Trust of Worcester, MA, provided a challenge gift on a three-to-one match ing basis. Peter Squire, director of development for print ing technology, said “we must raise a minimum of $120,00 by November 1 in order to receive the Alden gift.” Squire noted that $75,000 in lead gifts and pledges has already been received. The George Alden Trust was established in 1912 for the promotion of education in schools and colleges with a preference given to those pro viding industrial and vocational programs. Squire said the Printing Production and Imag ing Technology Department at Chowan is “dedi cated to becoming the premier program of its kind in North Carolina and throughout the southeast, and this financial campaign will allow us to do this.” Tom Brennan, chairman of the PPIT depart ment, said “our program must include skill devel opment in imaging technologies and digital com munications.” “We will not lose sight of the basic skills nec essary to put ink on paper,” he said, “and we are providing a curriculum that incorporates into its knowledge base the training of smdents to be flex ible, adaptable and to be critical thinking/problem solvers.” Serving as co-chairmen for the campaign are Dick Spencer, president of the Printing Industries of the Carolinas (PICA) and Morgan Dickerman, III, publisher of The Wilson Daily Times. “The printing industry is in need of more young people to enter the business,” Spencer said at the inaugural meeting, “and the schools and colleges need modern equipment and facilities to train these young men and women.” He cited the need for the industry to provide financial resources to support the graphic commu nications program at Chowan and to make it a “top educational facility for printing education.” Dickerman’s grandmother, Mrs. Elizabeth Swindell, was instrumental in the founding of Chowan’s printing school in the early 1950s. Active in the North Carolina Press Associa tion, Dickerman has chaired several fund-raising committees in past years to obtain financial sup port for the school from the newspaper industry. “I am very pleased that we are now joining together,” he said, “for we must pull together to reach our goal in the support of the Krueger School of Graphic Communications.” Other members of the newspaper industry serv ing on the committee are Harry Coleman of the Butner-CmedmoorNews;PeggyM\tn, Wake For est Weekly; John Ashcraft, Monroe Enquirer-Jour- nal; Hal Tanner, Jr., Goldsboro News-Argus; Jim Waller, Ahoskie News-Herald; and Jon Witherspoon, The Winston-Salem Journal. Among the commercial printing industry, com mittee members are James Doar, of Wentworth Printing Corp., West Columbia, SC; Preston Earle, Greensboro Printing Co.; Peter Krusa, PBM Graphics, Durham; Chris Lewis, Lewis Creative Technologies, Richmond, VA; and John Mullis, Washburn Graphics, Charlotte. Mrs. Patsy Marks of Capron, VA, a graduate of Chowan”s printing program and a former pro fessor in the school, is chairperson for the alumni group. Henry Jobe, vice president of International Paper Co., and Joe Parker, of Raleigh, are also serving on the campaign committee. “We are dedicated to becoming the premier program of its kind in North Carolina and the soutijeast.” & Providing the leadership for the Alden Challet^e Campaign are, seated, left, Morgan Dickerman m, and Dick Spencer; standing, left, Peter Squire, director of development for printing technology, and Tom Brennan, chairman of the Krueger School of Graphic Communicalions. Scholarship honorsformer president The memory of Chowan College’s fifth president, John B. Brewer, is being honored by an endowed scholarship established by his granddaughter, Mrs. Rosalie G. Hinson of Rockingham. In recognition of his distinguished career at Chowan, Mrs. Hinson, and her son, Walter Parsons, have established the John B. Brewer Scholarship “to help young people gain a quality Christian education.” “Many of my relatives attended Chowan,” Mrs. Hinson stated, “and I appreciate so much the work that Chowan does in providing Christian higher education.” Brewer, one of only two persons to have served as president of Chowan on two occa sions, first held the office from 1881 to 1896 during which time “the quality of his work became known throughout the state.” “In establishing a memorial scholarship for President Brewer,” said E. Vincent Tilson, vice president for development, “Mrs. Hinson and her son are also providing signification support for Christian higher education in northeastern North Carolina.” It was during Brewer’s first tenure of office when “college” was added to Chowan’s name and the institution began granting degrees. Brewer, who served as principal of Wilson Collegiate Seminary prior to coming to Chowan, left the college to become president of Averett College in Danville, VA. Shortly after World War I, Brewer returned to the campus to serve as president for a second time from 1918 to 1920. His grandfather, Samuel Wait, was the founder of Wake Forest University and his brother served as president of Meredith College. Tilson said the principal funds of the John Brewer Scholarship will be held in perpetuity and only a portion of earnings used annually to provide financial assistance to qualified stu dents, with a preference given to those majoring in music. /iriH The Charitable IRA for younger donors and a gift for Chowan College too! Situation: Mr. and Mrs. Jones, ages 55 and 52, both have interest ing and challenging careers. They have been contributing $2,000 to their IRAs for several years. Under the new tax law they can no longer deduct their $4,000 annual IRA contributions. As an alternative, the donors decide to contribute $4,000 per year to a Deferred Gift Annuity. They also plan to use appreciated stock to fund the annuity from time to time (an option not available when con tributing to an IRA.) Annual Annual Charitable Payout at Year Contribution Deduction ages 62 4 65 1994 $4,000 $1,618 $404 ,1,583. . 1,553. . 1,530. ,1,515. , 1,475 . , 1,442 . ,1,415. ,1,355. , 1,343 . ,1,294. .384 .364 .344 .324 .308 .292 .276 .264 .248 .236 1995 4,000 1996 4,000 1997 4,000 1998 4,000 1999 4,000 2000 4,000 2001 4,000 2002 4,000 2003 4,000 2004 4,000 Totals $44,000 $16,123 $3,444 Benefits • Donorstakedeductionsof$16,123overthe 10-year period, which saves them $4,514 in taxes (in the 28 percent bracket). • Starting in 2004 donors will receive guaranteed annual payments of $3,444 per year for life, a portion of which will be tax-free. • The net cost of their deferred gift annuity ($40,000 minus $4,514) is $35,486, so that the effective rate of return of the annuity is 8.7 percent. • Donors have the option of using appreciated securities to fund their gift annuity—and any capital gain attributable to the gift will be taxed ratably over their life expectancies. • Donors can make a meaningful gift to foreign missions and pro vide for their retirment security as well. If you would like more information at no cost about this program (a specific program can be run for your age(s) and the amount you want to invest), write or call the Development Office, Chowan Col lege, Box 1848, Murfreesboro, NC 27855; telephone (919) 398-1232. —E. Vincent Tilson Vice President for Development Chowan College CHOWAN TODAY, Spring 1994 - PAGE 7
Chowan University Student Newspaper
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March 1, 1994, edition 1
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