UA-R-GC-1914-01-01-1986-05_Page-077

• • PRESEm: MEETING: MINUTES OF THE PLANNED GIVING COMMITTEE MEETING THE AMERICA1\ UNIVERSITY 11\ CAIRO Miner D. Crary, Jr. (Chairman), C. Robert Devine, A. Lachlan Ree6. Also attending: Janet Desforges, James F. Pelowski. ~ednesday, Mav 21, 1986, 2:30 p.ffi., River Club, New York City. 1. The agenda was approved; Mr. Crary made a small change in thE: minutes, which were otherwisE: approved. 2. Mr. Crary started the meeting by referrinf to a "bequest" .:i.etter sent to thE: Trustees earlier in the year. he s~ated that about 5-6 responses had heen receive~ whic1-: were generally quite positive. He handed out to the cOffiffiittee cOF-ies of a draft of another .:i.etter which he ,,"as propc1sing be sent, along with the ne .. ' planned giving brochure . The committee read the letter and agreed it ,,"as an excellent idea to send it to the Trustees in order to keep thE: subject of planned giving and bequests active. It was also suggested that Trustees providE: the names of thOSE: who should receive such a brochure; Mr. Devine stated that he would like to have each Trustee asked to name at least 10 people to whom th~ brochure could be sent. Mr. Crary said he would mention it at the Board meeting. Hr. Crary briefly mentioned one aspect of the draft Jetter concerning the possible changes in U.S. tax law which would make it more attractive to some potential donors to give sooner rather than later. The committee agreed this was a good point to highlight. With regard to the consultant, Doug White, Mr. Crary told the committee that approximately half of the time paid for had been used to date, with the rest ex­pected to be used in approaching Trustees this summer. With that in mind, Mr. Crary suggested that Mr. White's contract not be renewed for the corning year; Dr. Pelowski said he trusted Mr. Crary's judgment on this, when asked for his thoughts as well. Mrs. Desforges mentioned that it might be a good idea to get a cJear consensus from the Board to have individual meetings take place with each Trustee, and Mr. Crary said he would bring this to the Board's attention. She also suggested that it might be stressed that AUC is offering this planned giving program as part of a fulJ-service development program, not as a thinly-disguised attempt to get another gift from our donors. The committee agreed that this would be important to stress and that Hr. Crary would be the appropriate person to mention it to the Board. In speaking of full-service programs, Mr. Crary raised the possibility of McConnel~ & Miller's Sound Shore Fund, or something similar, acting as an invest­ment vehlcle for AUC. He stated that many institutions, Rockefeller Universit for one~ pr~vid: this kind of free service to donors making major deferred gif~S to. the lnstltutl0ns, thus saving certain Trustee costs. The committee thought thlS would be worth pursuing as the program expanded