Meet Our Donors
Supporting CSU Dominguez Hills
As longtime residents of the South Bay, Garold and Joyce Faber watched CSU Dominguez Hills grow from just an idea to a distinguished educational option for youth in the South Bay, many of whom would not have the chance to go to college otherwise. "It's been great to watch the University grow," says Garold. "It brings a real service to the community."
"To have young people in the area know that they can go to a college in their neighborhood is really important," echoes Joyce. "As a teacher, I would tell my students, 'There's a great university nearby. You can go to Southwest College or El Camino. Then you can go to Dominguez Hills.'"
As the cost of housing continued to climb in southern California, they wanted to do something to help young faculty members that are just starting their careers and would have a difficult time moving to the area. So, upon retirement, when they moved from the South Bay to Ventura County, they donated their Redondo Beach condominium to CSUDH. By doing so, they were able to fund a Charitable Gift Annuity that would provide a life-long income for both of them, and avoid taxes on the gain. This strategy allowed CSUDH to purchase a piece of property near campus for new faculty housing.
"You always wish you could do more, that it could be bigger," she says. "We both feel gratitude for the education we had and for having benefited from it, so we're glad we could do this for the four-year university that services all areas of the South Bay."
When Suzanne Gemmell joined the Dominguez Hills faculty in 1974 as associate dean of students, she had just completed her doctorate and was attracted to the opportunity at an institution that was young and growing. In her view, "It was a chance to build."
The 1994 recipient of the Lyle E. Gibson Dominguez Hills Distinguished Teacher Award, Gemmell remains involved with the campus in many ways, including the coordination of her fellow Emeriti as faculty volunteers as well as assisting the College of Education during the peak times at the start of each semester. It was in this spirit of giving that Dr. Gemmell decided to make a donation of appreciated stock and create a Charitable Gift Annuity (CGA). By creating a CGA she has been able to avoid any capital gains taxes on the appreciated securities, ensure a life-long income, and also enjoy a tax deduction. It was a tax-wise decision that provides an income stream that is higher than the dividend that came from the stock in which she donated. The CGA will eventually add to an endowment for the College of Education Endowed Memorial and Honorary Scholarship that she has already created.
Through her volunteer efforts and her financial support, Gemmell hopes to continue to make CSUDH "a humane place, where students are treated as part of the educational enterprise. My greatest hope for today's faculty is that they develop the same kind of commitment to the mission of Dominguez Hills, and to connecting with students and really making a difference. That's what it's all about."
Among the many hats that Bill Blischke wore during his tenure on the CSU Dominguez Hills campus was director of the Challenger Learning Center. A national program established by the families of the Challenger astronauts, the Learning Centers took thousands of young students to the Moon and Mars.
The Emeriti professor of sociology hopes to continue this level of discovery by working with members of the Emeriti Faculty Association on the development of the Faculty Legacy Fund. This fund, which Bill and his wife Sharon have named in their estate so an endowment can be created, will provide additional resources for our newest faculty to pursue their research in the demanding higher education environment. Blischke recalls his arrival at Dominguez Hills in 1969, when the demands of a teaching career were not as great, in and out of the classroom.
"The classes and the teaching loads were smaller, and the criteria for promotion and tenure were somewhat lower than they are now," he says. "So the new generation of faculty has a really tough time, and they're under much more pressure than they ever were before. If you can teach at Dominguez, you can teach anywhere, because we have a whole range of student skill levels, and you have to come up with different and innovative ways of teaching."
"Originally, I wanted to give money to set up a scholarship," says the former Torrance School Board member. "You can reach one or two students a year by doing that. But, by helping faculty through the Legacy Fund, the faculty can reach tens of thousands of students through the years, with a much bigger impact."
Ways to Support CSU Dominguez Hills
The opportunities for supporting Cal State Dominguez Hills are many and always tax-wise. A few examples are:
- Bequests can be made for any amount, and donors can designate the purpose.
- All charitable bequests earn an unlimited charitable estate tax deduction.
- Donors can alter a bequest within their will at anytime.
- Charitable Gift Annuities (CGA) must be made for a minimum of $10,000.
- All CGA's are managed through the CSU Office of the Chancellor, and the donation goes to CSUDH.
- The income from a CGA is life-long and may start immediately or can be deferred. An immediate tax-deduction can be attained.
- Charitable Remainder Trusts (CRT) can be created with a gift of $50,000 or more.
- The income from a CRT can be fixed, variable or deferred, and provide income to the donor for life or a fixed number of years.
- An income tax deduction is earned when a gift is placed into a CRT.
- Gifts of life insurance can be made in any amount.
- Existing policies can earn an income tax deduction when ownership is transferred to CSUDH.
- Gifts can be used to fund "Wealth Replacement Trusts" to cover the value of gifted assets to CSUDH.
We look forward to working with you, and your advisors, to help achieve your retirement and philanthropic goals. Please contact us at:
Greg J. Saks
Vice President, University Advancement