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Portrait of a Planned Giver
 Income for you… A gift to Blair!
Frank Yuengling ’64 entered Blair in 1960 as a freshman from Pottsville, Pennsylvania, with a penchant for football, reading and archery. Things changed a little at Blair, and Frank soon turned his attention to soccer and drama. These days it would be difficult to find Frank anywhere but on the golf course. One thing that has not changed, however, is Frank’s interest in and support of Blair; he recently proved this again by establishing a Charitable Remainder Unitrust—a planned giving vehicle that provides a yearly income to Frank and his wife, Jill. When the unitrust reaches maturity, its appreciated principal passes to Blair Academy for the purpose Frank has designated.
Some benefits of establishing a Charitable Remainder Unitrust are:
- You will qualify for a federal income tax deduction, and any unused deductions can be taken over the next five years.
- If the unitrust is funded with appreciated assets, there will be no immediate tax on the capital gain.
- Your estate may benefit from reduced probate costs and estate taxes.
- The donor receives annual, semi-annual, or quarterly income distributions.
- You will provide generous support for Blair Academy and have a significant impact on the future of the School.
“Blair Academy has always been a special place to my family and me. The memories of my time there fill me with nostalgia. I feel that I can credit Blair, in large part, to my success in life, and for that I will always be grateful. My gift to Blair was one way I felt I could repay the School for all it did for me years ago, and how that ultimately shaped my life.” – Frank D. Yuengling ’64
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