2009 edition, nos. 60/61 - The American School of Classical Studies ...
2009 edition, nos. 60/61 - The American School of Classical Studies ...
2009 edition, nos. 60/61 - The American School of Classical Studies ...
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Development news<br />
Capital Campaign, Annual Appeals Make headway<br />
<strong>The</strong> <strong>School</strong> has raised over $21 million in<br />
gifts and pledges in the “quiet phase” <strong>of</strong> the<br />
comprehensive Capital Campaign toward<br />
a goal <strong>of</strong> at least $50 million to increase<br />
endowment and to support needed capital<br />
projects at the <strong>School</strong>. Approximately $3<br />
million has been raised for the Gennadius<br />
Library, with the Gennadius Library Trustees<br />
contributing $200,000 for the second<br />
year to match Trustee Lloyd Cotsen’s generous<br />
$1 million 5-year challenge for endowment<br />
for the Library. Other gifts are for endowment<br />
for fellowships and the academic<br />
program and for the Wiener Lab, as well as<br />
for specific building renovations and new<br />
construction projects.<br />
In spite <strong>of</strong> the economic climate and the<br />
impact to foundations, corporations, and<br />
individuals, the <strong>School</strong> has been extremely<br />
fortunate in its fundraising efforts over the<br />
last six months, receiving generous contributions<br />
both from long-time supporters<br />
and from new donors.<br />
<strong>The</strong> 2008–09 Annual Appeal was very<br />
successful, with more donors than ever before:<br />
385 gifts totaling $258,265 exceeded<br />
the goal <strong>of</strong> $250,000 that was built into<br />
the year’s budget for general operating<br />
costs. We are especially grateful to <strong>The</strong><br />
Goldsmith Foundation and to Stathis Andris<br />
for $25,000 gifts each. Annual Appeal<br />
proceeds from last year, this year, and next<br />
year are being counted toward the Capital<br />
Campaign goal, with Appeal donors recognized<br />
in the campaign lists.<br />
<strong>The</strong> <strong>School</strong> also launched an Annual<br />
Appeal for the Gennadius Library, with a<br />
mailing in April <strong>2009</strong> to approximately<br />
1,000 potential donors in the U.S. <strong>The</strong> over<br />
$35,000 raised through this appeal will be<br />
used for annual operating support for the<br />
Library and will be counted toward the over-<br />
all Capital Campaign goal. We encourage<br />
all donors who would like to contribute in<br />
Greece to contact Irini Mantzavinou (iriniman@ascsa.edu.gr)<br />
or the Business Office <strong>of</strong><br />
the <strong>School</strong>. In the U.S., the Princeton <strong>of</strong>fice<br />
would be happy to handle any donations.<br />
ddd<br />
Capps Society to Recognize Key<br />
Donors<br />
<strong>The</strong> ASCSA recently established <strong>The</strong> Edward<br />
Capps Society to recognize and honor,<br />
during their lifetimes, those individuals<br />
who have provided for the future <strong>of</strong> the<br />
<strong>School</strong> or any <strong>of</strong> its programs by making a<br />
gift commitment in the planning <strong>of</strong> their<br />
estates or through a significant outright<br />
gift to the <strong>School</strong>’s permanent endowment<br />
fund.<br />
<strong>The</strong> Society is named in memory <strong>of</strong> Edward<br />
Capps, who, at the time <strong>of</strong> his death<br />
in 1950, was lauded by the New York Times<br />
as “the best-loved foreigner in Greece.”<br />
Capps was decorated twice by the Greek<br />
government for his leadership in support<br />
<strong>of</strong> relief efforts during and after the world<br />
wars that ravished Europe. A committed<br />
Philhellene, he campaigned vigorously for<br />
Greek causes in the United States through<br />
his advocacy group, <strong>The</strong> <strong>American</strong> Friends<br />
<strong>of</strong> Greece. Edward Capps served for more<br />
than twenty years (1918–1939) as chairman<br />
<strong>of</strong> the Managing Committee <strong>of</strong> the<br />
<strong>American</strong> <strong>School</strong>, through his genius rescuing<br />
the <strong>School</strong> from the penury into<br />
which it had fallen during World War I.<br />
He spearheaded fundraising campaigns<br />
that resulted in the establishment <strong>of</strong> the<br />
endowment that supports the <strong>School</strong> today,<br />
while masterminding its world-famous<br />
archaeological excavations in the Athenian<br />
IRA Rollover extended, Gifts tax-free<br />
With the enactment <strong>of</strong> the Emergency Economic Stabilization Act <strong>of</strong> 2008 on<br />
October 3, 2008, the IRA Charitable Rollover has been extended retroactively to<br />
cover distributions made in 2008 and <strong>2009</strong>. Friends aged 70½ or older can use their<br />
IRAs to make a gift <strong>of</strong> up to $100,000 to the <strong>School</strong> without having to count the<br />
distributions as taxable income. Restrictions apply, so consult with your advisors<br />
to determine how such a gift would affect your overall tax and estate planning,<br />
as well as the rules pertaining to the state you reside in. Distributions must be<br />
made by December 31, <strong>2009</strong>. Please contact the Princeton Development Office:<br />
<strong>60</strong>9-683-0800 ext. 14.<br />
Photo: ASCSA Archives<br />
Edward Capps (at right), with T. Leslie<br />
Shear, posing with the statue <strong>of</strong> Hadrian<br />
at the Agora Excavations, 1932.<br />
Agora and presiding over the gift to the<br />
<strong>School</strong> <strong>of</strong> the magnificent library <strong>of</strong> John<br />
Gennadius and the opening <strong>of</strong> the Gennadeion<br />
in 1926. He rightly deserves to be<br />
recognized as the “Second Founder <strong>of</strong> the<br />
<strong>American</strong> <strong>School</strong>.”<br />
More information about planned giving<br />
will be mailed in the fall.<br />
ddd<br />
Meritt, Larson Bequests Benefit<br />
<strong>School</strong><br />
<strong>The</strong> <strong>School</strong> recently received the final<br />
disbursement from the estate <strong>of</strong> Lucy T.<br />
Shoe Meritt, who designated the <strong>School</strong>’s<br />
Publications Fund as beneficiary in her<br />
will. Through this generous bequest, over<br />
$4<strong>60</strong>,000 has been added to the Publications<br />
Department endowment.<br />
Lucy T. Shoe Meritt had a pr<strong>of</strong>ound<br />
impact on the <strong>American</strong> <strong>School</strong>. She was<br />
appointed both Chairman <strong>of</strong> the Publications<br />
Committee <strong>of</strong> the ASCSA Managing<br />
Committee and Editor <strong>of</strong> Publications in<br />
1950 and continued to hold both appointments<br />
until her retirement in 1972. She<br />
was a member <strong>of</strong> the <strong>School</strong> from 1929 to<br />
1934, and in 1969–70.<br />
continued on page 4<br />
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