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A Legacy at the U of R, Security in Retirement

David BraggEmeritus Professor David Bragg’s delight in helping students runs deep in his core. When he applied to work in the University of Redlands mathematics department, he wrote in his curriculum vitae, "I am a teacher rather than a mathematician.” Bragg served 32 years at the University, living that statement to the fullest, and since his retirement in 1999, he has set his intentions to continue helping students for years to come with planned philanthropy.

Initially, Bragg formalized his inclusion of the institution in his estate plans, setting provisions to create two endowed scholarships—one for Johnston students and another for mathematics or computer science students—and to create the Johnston Founders' Chair in Alternative Education and the Math Department Award Fund. These gifts will extend his legacy at the University, improving the quality of education that students will receive and helping make that education accessible.

Recently, understanding that there were more ways to support the University and support himself in his retirement, Professor Bragg established a charitable gift annuity, allowing him to enhance his philanthropy and receive a guaranteed income for life. Gift annuity rates are fixed, based on the beneficiary’s age, and they’re currently at their highest levels in over a decade.

When asked about his motivation, Bragg was very practical about living in a retirement community he jokingly calls the “county poor house” and the realities of increasing expenses: “When you wind up in the county poor house, it’s going to cost a little more every year, so it’s nice to add income above your pension while knowing that you can support students as well.”

Throughout his tenure at the University, Bragg made significant contributions both inside and outside the classroom. He taught at the College of Arts and Sciences (CAS) and was an early instructor at the Johnston College, now the Johnston Center for Integrative Studies. After eight years at Johnston, he returned full-time to the CAS mathematics department.

In addition to his teaching, Bragg collaborated with English professor Eileen Cotter to establish the first on-campus tutoring center, aimed at assisting students facing academic challenges. He also played a crucial role in launching the Fletcher Jones Foundation Computer Center, serving as its director for nine years. Under his guidance, the center introduced the campus to the internet, the web, and email.

During his illustrious career, Bragg held various administrative positions, including chair of the mathematics, engineering, and computer science departments, vice president for academic affairs, director of the Salzburg program, and Fulbright exchange professor.

Even in retirement, Bragg's commitment to the University remains unwavering. He has been an active leader in the retiree organization, recognizing the profound impact the University has had on many retired faculty members.

Bragg's lifelong support of Redlands reflects his belief in the importance of higher education and the critical role scholarships play in making it accessible to deserving students. "Funding scholarships is a good way to give back to the University that gave me such fulfillment," says Bragg. "I encourage others to consider how they can support the departments and programs that have lifelong impacts on so many.”

To learn how you can secure life income while supporting University of Redlands, contact Tony Truong at (909) 748-8050 or tony_truong@redlands.edu.

A charitable bequest is one or two sentences in your will or living trust that leave to University of Redlands 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 University of Redlands [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 Redlands 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 Redlands 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 Redlands 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 Redlands where you agree to make a gift to Redlands 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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