Barbara Wildemuth '72 & Gaylen Brubaker '72 – Charitable Remainder Trust
Barbara Wildemuth '72 and Gaylen Brubaker '72 met at North Central. Now, looking back on decades of marriage and wonderful careers, they recall those early days fondly. As long-time supporters of the North Central College Fund, fine arts programming, and chemistry and music departments, Barbara and Gaylen understand the importance of supporting the College now, and in the future.
When they toured the Wentz Science Center, they were inspired to take their support to a new level. The couple established a charitable remainder trust in support of the College's Brilliant Future Campaign, and earmarked the proceedings for use by the College for greatest needs. "We've had the College in our will for a long time," explains Brubaker, "but we want to see some of the benefits while we're still alive! We know what a difference this will make for generations of students."
How you can help our students? By forming a charitable remainder unitrust, you can turn illiquid assets like securities, real estate and collectibles into powerful charitable gifts which can help you to secure an income stream for years to come. Benefits of a charitable remainder unitrust include the ability to add to the balance over time with additional gifts, the avoidance of potential capital gains and estate tax liability, a charitable income tax deduction that can be carried forward, and at the trust's formation, you can select the way that the proceeds will be distributed.
