Mrs. Margaret P. Klein
Stetson Univ. Box 1418
DeLand
Florida 32720
4D
9
VOL. 2 NO. 3
STETSON UNIVERSITY, DELAND, FLORIDA
NOVEMBER 1973
MICKEY, GOOFY GREET ALUMS
FORE? — No, Mickey and Goofy aren't playing a round of golf with
unorthodox equipment; they're merely primping golf course at Walt Disney
World. Vacation Kingdom has three championship caliber courses, including
the Palm and the Magnolia, named for the hundreds of nature trees that dot
their fairways. (Copyright WALT DISNEY PRODUCTIONS)
BY LEE ROWELL
Mickey Mouse, Goofy and all the
other Walt Disney World characters
will be looking forward to seeing the
Stetson alumni at Disney World
outside of Orlando in February.
Your Director of Alumni Affairs had
the pleasure of visiting Disney World
several weeks ago. Surprisingly,,when
he was enjoying the presentation of the
"Country Bear Jamboreei' he
discovered that several Stetson alums
were part of the cast, or at least, there
was a very close resemblance. He felt
sure the fellow that sang "Blood on the
Saddle" had attended Stetson in 1958.
It was like old home week at Stetson
when he went through the Haunted
Mansion. There were several very
familiar faces.
You, too, can visit with your friends
at Disney World this year by taking
advantage of a special Disney World
Tour planned by your Homecoming
Committee for February.
On February 24, following
Homecoming activities for the
weekend, a chartered bus will leave
DeLand from the front of the Carlton
Union Building on the Stetson Campus
at 9:00 a.m. for Disney World. The bus
will depart for DeLand later that
evening at 10:00 p.m. The total price of
only $14.00 per person will include
transportation, admission to the Magic
Kingdom and ten of the top major
attractions, including the two
mentioned above. This is certainly
an opportunity you will not want to
pass up.
A reservation coupon is included in
the Cupola. Please send in these
reservations before January 1st, since
limited space is available.
PARENTS OF STETSON STUDENTS CAN SAVE ON INCOME TAXES
Stocks which have appreciated
considerably since purchase could be
used to establish a "charitable
remainder annuity trust" to pay the
cost of education, save on income
taxes and make a gift to Stetson
University, too, according to
information in a recent article in
Business Week magazine.
Persons in the 40 percent income
tax bracket (taxable income about
$31,000 per year) with $20,000 in
appreciated stock, purchased for
$4,000, could sell the stock over a four
year period to meet college costs. The
capital gains tax would be $3,200,
leaving $16,800 to pay college costs.
However, if the $20,000 worth of
stocks were placed into a four year
charitable remainder trust, $5,000 per
year (or other pay out desired) would
be available to pay educational
costs with any remainder, built up
through appreciation of the trust
principle, to go to Stetson University at
the end of the four years.
Tax savings would be: First, an
immediate charitable deduction on
income tax of $2,674 which in the 40
per cent tax bracket would save
$1,069.60. Second, the $3,200 capital
gains tax would not have to be paid
since a charitable institution will
receive the remainder of the trust
principal. Third, the student, assuming
no other income, would pay
approximately $800 income tax
over the four years.
Total savings then would be
$3,469.60 ($3,200 capital gains tax
saving less $800 student income tax
plus $1,069.60 tax savings from the
charitable deduction). Persons in the
50 per cent tax bracket would
save $4,537.
Chances are no gift tax would have
to be paid since a man and wife
together have an annual exclusion of
$6,000 and a lifetime exemption
of $60,000 which probably has not
been fully used. In any case, gifts are
taxed at a lower rate — 5V4 per cent
for a $5,000 gift and 10% per cent for
a $20,000 gift.
Anyone needing further explanation
or help should contact the
Development Office, Stetson
University, DeLand, Florida 32720.
