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Summer 2004 In this issue: - D'Youville College

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Support forD’YouvillePlanned Gifts: TrustsThroughout your life, time and energy are spent in accumulatingthings that you treasure: your home, perhaps a vacation home,stocks, bonds, cash, art, jewelry and various other possessions.It is likely that occasionally you have given some thought tohow you might like your assets distributed when you areno longer here to enjoy them. Various responsibilities – andprocrastination, too – precluded you from actually puttingyour thoughts on paper in an orderly way and designating thebeneficiaries of your estate.The easiest way to insure that your wishes are carried out isby writing a will, spelling out exactly your directions for thedisposal of your assets.Another method that can be used is the establishment of atrust. A trust can be revocable or irrevocable. On your death,a revocable trust becomes irrevocable. A revocable trust allowsyou to adjust or change the provisions anytime during your life.To establish a trust, an agreement is written and signed byyou and the person or institution selected by you as yourtrustee. It is the responsibility of your trustee to manageyour assets: cash, securities and any other property heldin the trust. <strong>In</strong>come from those assets are collected, recordedand distributed to you.<strong>In</strong> an irrevocable trust arrangement, you relinquish ownershipof your assets to remove them from your taxable estate. Thisarrangement is excellent if you wish to insure the care of a familymember or friend or establish an education fund for yourchildren or grandchildren, to benefit your favorite charityor to protect certain assets from estate taxes.Recently, a member of our college community informedSister Denise Roche that he has named D’Youville <strong>College</strong> asa beneficiary in a trust he has established. Dr. Edwin Mirand,a long-time friend of the college and a member of the college’sBoard of Trustees, and a faithful supporter of the ScholarshipReception and the Health Award Dinner, included D’Youvillebecause of his respect and admiration for what the collegehas accomplished over the years.Since 1946 Dr. Mirand has served Roswell Park Cancer<strong>In</strong>stitute in many ways, including research, education andcancer center programs. During his long career at the worldrenownedinstitution, he has held many positions: director ofthe viral oncology department, head of the biological resourcedepartment, assistant to the director and vice president foreducational affairs and dean of the Roswell Park GraduateDivision, State University of New York at Buffalo. <strong>In</strong> <strong>this</strong>(continued)Oishei Grant Will Help RecruitMinority Nursing StudentsD’Youville received a $450,000 grant from the John R. OisheiFoundation for our “Touch Lives – Be A Nurse” program thatseeks to improve minority representation in nursing.The grant, which will be paid over a three-year period,will focus on introducing nursing to minority youth duringelementary school, maintaining ongoing supportiverelationships with interested students and their parents,and then follow up in secondary school with mentoringand educational programs.Sister Denise A. Roche, D’Youville president, said the grantis a tremendous benefit, not only for the college, but for theentire Western New York community. “It will have far-reachingeffects because it offers an excellent educational experienceand entrance to a very exciting profession to local men andwomen who are under-represented in higher education.”She said it would also address the nursing shortage byproviding caring, competent professional nurses in the future.“The program will be strengthened by the collaboration withmany health care providers in the area,” she added.The grant will help address the obstacles that many minoritystudents face in their pursuit of an education in nursing,including poor academic preparation, poverty, inability tointegrate into the majority culture of most college campusesand lack of professional minority nurse role models.A win-win program for futurestudents and local communitiesWith <strong>this</strong> grant, D’Youville can further develop efforts torecruit and retain minority students in nursing by providingboth an educational and social environment that willrecognize the students’ potential.Madonna Reddington, coordinator of nursing careerdevelopment, said that, according to a national samplesurvey of registered nurses, only 13.4 percent were reportedas non-white. “There is a dire need to attract Native Americans,African Americans and Hispanic-Americans into the professionin an attempt to create a nursing workforce that more closelymirrors the population which it serves.”(continued)22

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