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Diane Horsburgh Thompson '64: Encouraged to Learn for Life

Diane Horsburgh Thompson "It wasn't a hard decision for me to give something back to Hathaway Brown," says Diane Horsburgh Thompson '64. "For me and my family, education has always been of the greatest importance."

For Diane, entering HB in 8th grade was a turning point in her life. She was a self-described "geeky" girl who loved to learn; and at HB she found excellent friends that were much like her and an environment that "nurtured" learning and a belief in oneself.

Diane's love for learning never waned as she graduated from HB and entered Connecticut College for women. Early in her collegiate years she married, had a baby and kept on going to school. As her life unfolded, there would be career changes, dreams redirected, divorce, children and relocations; but one thing that never changed was Diane's determination to continue learning and to never give up!

"Education was my ticket out of every difficulty in my life," says Diane. "When adversity struck, I went back to my roots and went to school so that I could get a job, get a better job, and keep going."

Diane holds a BA and MBA in Marketing from Case Western Reserve University and a Master's in Tax Accounting from the University of North Texas. She is a CPA and lives in Naples, Fla., where she runs her own accounting firm. Her love of education has been passed down to her two daughters who are both doctors—a pediatrician and a neurologist.

"It all goes back to HB and the encouragement they gave me to learn," says Diane, who never misses a reunion and this year will celebrate her 50th reunion at HB. She still keeps in contact with the friends she made in her early days at HB and today marvels at the beauty of the campus, the opportunity that HB provides, and the fresh faces and joyful spirits of the girls she encounters there.

"I have placed HB in my will," says Diane. "I give so that another little girl who is 12-years old can realize her potential—just as I did because of HB."

Won't you join with classmates who have designated HB in their estate planning? Consider a lasting gift that would enroll you in the Mary E. Raymond Legacy Society. Find out more by contacting Terry Kurtz at 216-320-8799 or tkurtz@hb.edu.

To learn more about our mission, click here.

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A charitable bequest is one or two sentences in your will or living trust that leave to Hathaway Brown School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to Hathaway Brown School [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Hathaway Brown School or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Hathaway Brown School as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Hathaway Brown School as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Hathaway Brown School where you agree to make a gift to Hathaway Brown School and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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