Century Campaign - Berry College

CENTURY CAMPAIGN
News and Highlights
PAUL O’MARA
PAUL O’MARA
PAUL O’MARA
BERRY
COLLEGE
A foundation for life
Cage Center total hits $12 million
by Debbie Rasure
The generosity of alumni,
friends, foundations and
parents brought the total
of funds raised for the Steven J.
Cage Athletic and Recreation
Center to approximately
$12 million during the first year
of The Campaign for the Cage.
In fact, parents of alumni are
even joining the team in
support of the project.
Although it’s been quite a
while since Scott and Fay Neal’s
son, Paul (97C), played
intramural sports at Berry, they
felt compelled to increase their
support to include a generous
gift to the Cage Center.
“It’s tough being a student,”
Scott remembers. “They spend
so much time on academics that
they really need a place to
expend their energy. Presently,
students’ demand for indoor
intramural sports exceeds our
gyms’ capacity to accommodate.
Faculty and staff also need
physical activity, and the
Scott and Fay Neal
current facilities are overburdened.”
As a faithful volunteer with
Berry’s soccer program and a
dedicated fan of both the soccer
and basketball teams, Scott has
had many opportunities to
observe the challenges students
face when using current
facilities.
“Indoor and outdoor sporting
events, for both men and
women, are often scheduled
back-to-back,” he said. “This
makes it difficult for student
workers to get the dressing
rooms and showers cleaned up
between events and the playing
areas set up for a new sport
CampaignPROGRESS
Century Campaign
Goal: $100 million
Total to Date: $106.1 million
Campaign for The Cage
Goal: $32.5 million
Total to Date: $12.0 million
Pl ay ball!
when the games end. It’s also
the Cage Center. The
tough for the student athletes of
foundation responded with a
the various sports who are
very generous cash gift of
crowded into the locker room
$50,000.
trying to get a shower after a
Alumni and other
game or trying to get ready for
foundations and friends also
their game. Visiting teams
continue to be supportive of
experience the same difficulties.
the project. For example, a
A new facility is long overdue.”
philanthropic foundation gave
Rob McGehee, Rome and
$3 million this fall, and a longtime
friend and supporter,
Floyd County market president
for Wachovia, agrees with Scott
Chick-fil-A, recently gave a
and called the athletic and
gift of $100,000.
recreation center, “the right
While not every donor to the
project at the right time.”
Cage Center can give at such
“Berry is already renowned
high levels, each contribution
academically, but this project is
counts and is deeply appreciated,
according to Bettyann
important to attract students,”
McGehee explained. “Providing
O’Neill, vice president for
a state-of-the-art athletic and
institutional advancement. For,
activity facility will certainly do
as Scott likes to say, “An assist
that.”
is just as important as a score.
This past fall he and Lydia
The important thing is to keep
Whitman, vice president and
the ball in play.”
charitable advisor for Wachovia
With more than
Trust, recommended that the
$20 million required to
Mary Allen Lindsey Branan
complete funding for
Foundation of Atlanta support
the Cage
Center, one
thing is
certain: A
large
number
of assists
are needed
to create a
win for Berry
students.
Play ball! B
THECAGE
Exciting news!
A fall groundbreaking for the
Steven J. Cage Athletic and Recreation Center
has been approved by the Berry College Board of Trustees.
Watch for full details in the Alumni Accent e-newsletter
and the next issue of Berry magazine
or visit www.berry.edu/campaign.
20 BERRY
SPRING 2006 21

Volunteer
Profile
Planning a more secure financial future
by Steven Riley
Service to Berry:
• Vice chairman, Board of Trustees
• Chairman, Advancement Committee
• Chairman, Century Campaign Executive
Steering Committee
• Former member, Alumni Council and Board
of Visitors
Home:
• Dacula, Ga.
W. Glenn Cornell (62C)
Education:
• Berry College, B.S., business administration,
1962
• University of Oklahoma, Economic
Development Institute, 1969
• Emory University, Advanced Management
Program, 1979
Employment/Professional:
• Commissioner (retired), Georgia Department
of Economic Development
• Senior vice president (retired), Bank of
America
Family:
• Wife: Jena
• Children: Kathy and Bill
• Grandchildren: Jenna, Alex, Clint,
Savannah
Professional Affiliations:
• Past president, Georgia Economic Developers
Association
• Past chairman, Economic Development
Council, Georgia Chamber of Commerce
• Past chairman, Southeast U.S./Japan
Association
Civic/Volunteer:
• President, Georgia State Golf Association
• Vice chairman of the board,
Communities in Schools of Georgia
• Member, Executive Committee, Georgia
Golf Hall of Fame
• Past chairman, Chick-fil-A Peach Bowl
and Atlanta Sports Council
• Past president, Atlanta Athletic Club
• Member, Royal and Ancient Golf Club,
St. Andrews, Scotland
Q. How has your perspective of
Berry changed since you became
involved in its leadership?
A. Well, I have been close to Berry for more
than 47 years, but being involved as I have
been over the last decade or more has
certainly given me a different perspective. I
have learned that managing a small, private
liberal arts college is complicated and
always a challenge. The cost and quality of
the education makes Berry one of the best
values in education today. The education of
the head, heart and hands and the motto
“not to be ministered unto, but to minister”
are timeless parts of our heritage, which
makes Berry the unique place it is today.
Q. Why should alumni care about
Berry’s future?
A. The future of Berry is extremely bright, and
we need your input, your perspective, your
passion and your support. We need to help
insure that the next generation has a place
like Berry to realize its dreams. If you really
want to be proud of Berry, then you need to
have some feeling of ownership. The college
has made tremendous progress over the past
few decades, and I believe Martha Berry is
very proud of her college today.
My wife, Kristen,
and I recently made a decision
that will save us about $21,000
in taxes this year and, if things
go well, provide us with a nice
income for my retirement.
How’d we do it?
We gave the money away.
Wait. Don’t turn the page
yet.
With the right financial and
legal planning, you can save on
your taxes and build more
security into your financial
future. All it takes is using a
frequently overlooked financial
planning tool – the planned gift.
Let me tell you our story.
Over the past two years,
Kristen and I have been talking
about how great it would be if
we could leave Berry College
something at the time of our
deaths. After all, in my career as
an estate planning attorney, I
help my clients provide not only
for their families, but also for
causes they care about.
For us, one of those special
causes is Berry. Even though
Editor’s Note:
Steven Riley (85C), attorneyat-law
and the founding partner of
The Strategic Counsel, L.C.,
Tampa, Fla., is a nationally
recognized speaker/trainer and a
contributing author of five books
on estate planning, retirement
planning, wealth protection and
business planning. We invited him
to share a few tips about how
Berry magazine readers can build
more security into their financial
futures.
Kristen hadn’t heard of Berry
until we met, she fell in love
with the place when we came
back for Mountain Day
Weekend in 1987. She knew
the three years I spent there
were wonderful, and we have
seen how Berry continues to be
such a supportive, confidencebuilding
and nurturing
environment.
As I often do when working
with my clients, I began to
consider ways Kristen and I
could maximize our gift to Berry.
I realized it would be more
Top10
10. I can make a legacy
gift and have the satisfaction
of contributing to a cause I
care about.
9. I retain control of the
investment strategy during my
lifetime.
8. It passes free of any
form of estate tax. Since
charitable contributions are
not taxed, there will be no tax
on what is in the trust at my
death.
advantageous to us, and
ultimately to Berry, if we did
something today rather than 40
years from now.
As we looked at our assets to
see what might be a possible
resource for us, we settled on
stock that we had bought in
1995 for $10,000. Now,
depending on what the market
is doing on any particular day,
the value of the stock can be
anywhere from $135,000 to
$150,000. We realized that if we
sold the stock, we would pay 15
percent across the board on
capital gains tax – that’s about
$21,000.
However, if I used the stock
to create a charitable remainder
trust, the capital gains tax would
be forgiven, and I could
continue to invest the money
for the remainder of my life in a
tax-free environment. Based on
my calculations, I would receive
an income tax deduction today
of $33,132. This saves me real
dollars immediately. My stock is
then sold, saving me $21,000 in
capital gains. This gives me
$21,000 more to invest and
retire on. Through my
charitable remainder trust, I will
invest the money in a tax-free
environment. When I turn 65
(23 years from now), the trust
will pay me a retirement income
for the remainder of my life.
The income should be
somewhere between $75,000
and $120,000 for the rest of my
life. Upon my death, the
remainder should leave more
than $1.5 million. (This assumes
certain investment results.) This
is a wonderful result for me, my
family and Berry. B
In the spirit of Dave Letterman: My top 10 reasons why planned
giving is a good financial planning tool
7. If I ever am sued, the
money cannot be taken by a
creditor. Why is this important?
Because I’m in a high-risk
profession, and I want to be
sure that money is not taken
from me or Berry.
6. When I retire or turn 65,
whichever occurs last, I will start
to receive income for the rest of
my life from the trust principal.
Remember, with an original
investment of $150,000, my
trust will have grown tax-free
for about 22 years.
5. In addition to having
more money to invest, the
nature of the charitable
remainder trust allows me to
have tax-free or tax-preferred
growth – it’s like a supercharged
retirement plan.
4. The capital gains tax on
the initial investment is
forgiven, allowing me to reinvest
that money for my
family’s benefit and Berry’s
benefit. The IRS forgives the
capital gains tax for this type of
strategy.
3. I get an income tax
deduction today to use against
my personal income tax today.
2. It’s important for me, as a
father, to teach my children,
who are 5 and 3, why giving is
important.
1. We wanted to feel like we
could acknowledge Berry for
the difference it made in my
life.
If Kristen and I had waited
until my death to make the gift
to Berry, the stock might be
worth $1 million. However,
because we created a charitable
remainder trust, we have saved
ourselves money, created a
source of income for our later
years and insured that Berry will
one day receive an even greater
gift because the principal was
allowed to grow in a tax-free
environment. B
For more information about
planned giving, contact Scott
Breithaupt, Berry College senior
planned giving officer, at
877-461-0039 or
sbreithaupt@berry.edu.
22 BERRY
SPRING 2006 23

Major gifts meet a variety of needs
Berry alumni and friends
concluded 2005 with an
outpouring of generous
support for the college with gifts
for the Cage Center, the annual
fund, scholarships and many
other important projects.
We deeply appreciate all of
your gifts and pledges, and each
one is acknowledged in our
annual Honor Roll of Donors. It
is our pleasure, however, to list
leadership gifts of $10,000 or
more in Berry magazine. The
following gifts and pledges were
made between Aug. 29 and
Dec. 31, 2005.
Anonymous, $3,000,000 for the
Steven J. Cage Athletic and
Recreation Center
Anonymous, $150,000 for the
Century Campaign
Anonymous, $29,000 for the
Annual Fund
Anonymous, $25,000 in support
of the Steven J. Cage
Athletic and Recreation
Center
Anonymous, $10,000 for the
Steven J. Cage Athletic and
Recreation Center
ARAMARK Corporation,
$25,750 for the Annual Fund
Belladonna Foundation,
$81,314 in support of the
Annual Fund
Jimmy and Sis Blanchard,
$100,000 for the Century
Campaign
Mary Allen Lindsey Branan
Foundation, $50,000 for the
Steven J. Cage Athletic and
Recreation Center
Bryson Foundation Ltd.,
$10,000 addition to the J.R.
& M.W. Faison Endowed
Scholarship
Chick-fil-A, $325,797 for
scholarships, the Steven J.
Cage Athletic and
Recreation Center and the
Annual Fund
Alton and Becky Christopher,
$10,000 for the Annual Fund
Bert and Cathy Clark, $100,000
to endow a new scholarship
The Coca-Cola Foundation,
$75,000 for Teaching
Pathways scholarships and to
support the program
Dorothy B. DuBose, $50,000
planned gift
Frances Wood Ferenchick,
$10,000 in support of the
Baseball Team Fund
Bill and Ann Friedrich, $25,000
for the Steven J. Cage
Athletic and Recreation
Center
Frieda C. Fulmer, $100,000
charitable gift annuity for the
Clyde Fulmer Endowed
Scholarship
Georgia Foundation for
Independent Colleges,
$26,689 for scholarships
Terry and Molly Graham,
$10,204 in support of the
Century Campaign
Martha Jane Jones and Joy Jones
Neal, $12,000 addition to the
H. I. Jones Agriculture
Scholarship
Hal and Suzi Kilpatrick,
$100,000 addition to a
charitable remainder unitrust
for the Kilpatrick Plaza
Charles and Sue King, $19,799
charitable gift annuity for the
Historic Preservation
Endowed Fund
Lois and Lucy Lampkin
Foundation, $10,000 in
support of the Annual Fund
Audrey and Jack Morgan
Foundation, $200,000 for the
Audrey B. Morgan Endowed
Scholarship and the Mae and
Orlin Harper Endowed
Scholarship
Milton and Frances Morgan,
$12,500 for the Annual Fund
and support for the Class of
51C Memorial Endowed
Scholarship
Peter and Tamara Musser,
$10,000 addition to the
Becky Musser Hosea
Memorial Scholarship
Northwestern Mutual
Foundation, $13,000
addition to the G. Bert and
Cathy Clark Endowed
Scholarship and in support of
the Steven J. Cage Athletic
and Recreation Center
W.C. Owen, $14,650 in-kind
gift
Sally Keown Riggs and Wanda
Riggs Mack, $25,000 to
establish the M. Gordon
Keown Endowed Scholarship
Ruby R. Vale Foundation II,
$16,500 for the Ruby Vale
Foundation Scholarship
Bob and Kay Williams, $42,020
in-kind gift
Bequests
The Estate of Wm. Walter
Duncan, addition to the
Wm. Walter Duncan
Scholarship in Art and to
establish the Wm. Walter
Duncan Scholarships in
Theater and Music
The Alice H. and Cornelia B.
Ford Trusts, unrestricted
The Estate of Pauline B.
Pickens, unrestricted
The Estate of Willis N. Pirkle,
the Willis N. and Nora C.
Pirkle Endowed Scholarship
The Estate of Ingrid Stergus,
unrestricted
Left to right: Peter N. Henriksen (53H, 57C), Jack A. Jones (57C) and
Buford Jennings (58C), former students of the late Dr. Lawrence E.
McAllister (Dr. Mac), were among a group of nearly 50 special guests
who attended the dedication of the Dr. Lawrence E. McAllister Physics
Laboratory and portrait presentation held in November. Dr. Mac founded
Berry’s physics program in 1932; he retired in 1971 and died in 1986.
Minority students benefit from
Coca-Cola Foundation grant
A$75,000 grant
from The
Coca-Cola
Foundation will
support and enrich
Teaching Pathways,
a program that
provides
scholarships,
mentoring and job
placement assistance for
minority students pursing a
career in education.
Teaching Pathways focuses
on recruiting, retaining and
graduating minority teachereducation
students and helping
them find employment after
graduation. The program
includes scholarship assistance;
mentoring relationships with
Berry faculty members, local
educators, and community
leaders; monthly meetings; and
a newsletter for participants.
Cathy Ramos, corporate
external affairs manager for The
Coca-Cola Company, said the
foundation chose to support
Teaching Pathways because of
the program’s purpose and success.
“This particular program
intrigued us because of the
teacher-development aspect and
because of its aim to increase
diversity in education and the
classroom,” Ms. Ramos said.
“We also were impressed with
the program’s successful record.”
Ms. Ramos said education
has long been a priority for The
Coca-Cola Company because
they see it as the best way to
help not only the individual,
but also the community.
“Over the past several years,
there has been a shift in
demographics in terms of
diversity,” she said.
“We believe that
when diversity is
reflected in the
student population,
faculty and
administration of a
school, it makes for
a much stronger
educational system.
People are better able to
understand the cultures that
make up their communities. It
contributes to the trust students
and teachers have with each
other, which leads to a more
nurturing strong learning
environment.”
The Coca-Cola Foundation’s
grant is already having a
significant impact at Berry.
Carmen Player (06c) is the
first recipient of The Coca-Cola
Pathways Endowed Scholarship.
Having completed her coursework,
she now is getting her field
experience at Rome High School.
“I have a passion for young
people,” Carmen said. “So many
kids are perishing for lack of
knowledge. I have been given a
great gift for teaching. My hope
is to be able to say to my
students, ‘Let’s work together for
your success.’ I want to bring
other minorities the opportunity
to invest in their dreams.”
Dr. Clarice Ford, program
director and associate dean of
students, said the new funding
also will enable Pathways
students to attend conferences
and present their research on
teacher education. In addition,
the grant will make it possible
for Berry to reinstate the
Teaching Pathways Conference
after a two-year absence. B
2,890
Gifts
Priceless.
of music
That’s how Dr. Stan Pethel, chairman of
fine arts at Berry College, described the gift of nearly 3,000 longplaying
vinyl records from good friend W.C. Owen, who has
volunteered his expertise as a music librarian for more than a
decade at Berry.
W.C.’s gift has enriched Berry’s already comprehensive music
library, increasing the likelihood that music majors and students in
education, theater and other disciplines will be able to hear
performances of the music they are studying. The collection
includes operas and symphonies, as well as popular, big-band and
jazz recordings and many original-cast recordings of the biggest
Broadway hits.
In addition to the standards one might expect, W.C.’s collection
contains some obscure pieces not typically available in music
libraries.
Such an extensive and eclectic collection only could have been
compiled by a true music lover, and that certainly describes W.C.
He began collecting albums in the 1950s when he served as music
librarian at The University of Georgia and performed in operettas,
operas and musical comedies.
Soon he was on the stage himself, singing in college
productions. At The University of Georgia, he joined the Men’s
Glee Club and Madrigal Choir. In 1957, he gave a solo
performance with the Glee Club on the Ed Sullivan Show. Today,
he sings with the Three Rivers Singers and the St. Peter’s Episcopal
Church Choir in Rome, where congregants have enjoyed his
performances for more than 47 years.
Now in retirement, W.C.’s three loves – music, theater and
library science – are working in concert to provide Berry students
with the timeless gift of music. B
by Debbie Rasure
24 BERRY
SPRING 2006 25