"I had arrived at a point in my life where I felt I had been fortunate to have had a successful career."
Henri M. David, Jr. '64 DBA (Hon.) '09 and Conrad Society chair, uses those words to reflect on his gratitude for his Nichols education. "I realized I could finally think about giving back, which is a way of saying 'thank you,'" states Henri, when discussing his planned gift and decision to make a testamentary gift to Nichols. "Everyone's college career isn't necessarily perfect. But overall, I took away [from Nichols] a great business education, participation on championship hockey teams, and tremendous relationships. Those experiences gave me the basis for embarking upon a successful professional life."
Because he had worked in the investment world, Henri knew about planned giving options and their benefits. In fact, he used his expertise to help the Advancement office at Nichols build a planned giving program. Henri became one of the school's initial members of its legacy society, the Colonel Conrad Society, when he notified Nichols of the provisions he had made for Nichols in his will and also created a charitable gift annuity. "Everyone likes to give in a different way, so a planned giving program allows grateful donors to tailor a gift to their particular situation," offers Henri. Henri selected a charitable gift annuity to provide him with a charitable tax deduction in year one, and then a steady stream of guaranteed annuity payments to him for life, a portion of which are tax free. And his provision in his will help Nichols when he no longer needs his assets.
Why would Henri recommend making a planned gift to Nichols College? "Planned giving has emotional benefits as well as financial benefits. You feel good that your generosity will help your alma mater, while at the same time you can provide yourself with tax benefits and income," answers Henri. "I feel emotionally rewarded. In my mind, I've made a down payment on giving back through my charitable gift annuity. And the provisions I have made in my will are going to help future generations of Nichols students."