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From Real Estate to Real Impacts

Doug Chaffee and Paulette Marshall Chaffee

Doug Chaffee ’65 and Paulette Marshall Chaffee ’71

When Doug Chaffee ’65 and Paulette Marshall Chaffee ’71 attended the University of Redlands, several faculty members made a significant impact on their lives, including Professors Bob Morlan, Judson “Sandy” Sanderson, and Maury Durall.

“There was a great opportunity to explore the liberal arts,” says Doug, who volunteered in the Peace Corps after law school and went on to serve as mayor of the City of Fullerton and chair of the Orange County Board of Supervisors. “These experiences prepared me to pursue different avenues and created an awareness of the world.”

After U of R, Doug and Paulette were set up by their mothers, who both attended Fullerton Methodist Church. “Our mothers knew best,” says Doug with a smile. “The smartest thing I ever did was marry a Redlands graduate.”

When their son, Marshall Chaffee ’10, selected U of R, the couple was excited to see the Redlands experience through his eyes. “Marshall’s experience was wonderful,” says Paulette, who served on the University’s parent advisory group. Doug recalls his son’s love of Outdoor Programs and his distinction as the outstanding senior in the sciences. “He was able to participate in research at Redlands,” Paulette recalls, “and his work on the mass spectrometer distinguished him among his graduate school classmates at University of Virginia.”

Doug and Paulette feel strongly about the need for environmental sciences in today’s world. In December 2021, the couple gifted the University a percentage of an apartment complex they owned in Orange County. Then, the University, together with Doug and Paulette, sold the property in spring 2022. The proceeds from their generous gift will endow a chair in environmental studies, which will provide ongoing support to the program and carry on their family name in perpetuity.

“Such a discipline requires important policy conversations and science-based decisions,” says Doug. The couple has established an endowed chair, which they hope will not only inspire more students to pursue this field but also help the University recruit outstanding talent.

Says Doug, “We need people who care about their communities and want to make the world a better and safer place.”

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.

Personal Estate Planning Kit Request Form

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