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David Hale '75

David Hale '75
When David Hale '75 first learned of the new Nichols gift annuity program, he saw it as an opportunity to contribute to Nichols in a significant way. As a past chairman of the President's Society, a member of the Nichols hockey alumni association and a past member of the Board of Advisors, and now through his current service on the Board of Trustees, David continually looks for a way to make a difference through his involvement at Nichols.

Hale, who took an early retirement from Polaroid and currently works as a mortgage loan officer at Salem Five Mortgage, says signing up for the program was a win-win situation and provided him with several benefits. He will be able to claim a tax deduction right away and also get a guaranteed annuity at retirement or a specified age. The College benefits because it is then able to use his funds to continue to provide a quality education to students. Because he also turned over appreciated stock options, he avoids paying capital gains taxes as well.

David was motivated to enroll in such a program not only because of the financial benefits but also his desire to continue being part of a growing institution. "Out of all of the financial advisors I spoke to about the gift annuity program, none had any issues with it at all. Donating to Nichols is no different than buying stock in a company that is in a growth pattern. I hope that other alumni will think about the college when they are reviewing their estate plans. For me, financially and personally, I just saw it as the right thing to do."
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