PSU Magazine Fall 1995

HILANTHROPY I N ACTION New officers, members on the Foundation Board Stella Lillicrop, a Portland civic leader, was recently elected president of the PSU Foundation Board of Directors. Serving with Lillicrop on the executive committee are Gary ole, part– ner with Ball Janik & Novack attorneys; Rick Hawkins, Arthur An<lersen; CD Hobbs, CEO of Hi– Tech PubIications and past president of the Board; Eli e Kassab , Prest ige & Company; Robert Philip, Schnitzer Steel Industries Inc.; Doug Stirling, President an<l CEO of Rollins Hudig Hall of O regon Inc.; and Ed Truax, partner with Coord inated Financial Planning. The 33-member board of director has also recently adde<l six new members. They are Jani e Brown, corporate controll er for Merix Corp.; David Harris, president of Truax Harris Energy Con-ipany; Ron King, executive vice president of Western Family Foods Inc.; Dave Leland, president of Leland Consulting Group; L. Wayne Purdy, partner and principal with Ferguson, Wellman, Rudd, Purdy and VanWinkle Inc.; and David Hoffman, vice president and BPI with PacifiCorp. Engineering fund grows The H. C hik Erzurumlu Engi neering Scholarship has reached $60,000 thank to the recent donations by CH2M Hill, Intel Corporation and Intel Foundation, Art James of Arthur M. James Engineers Inc., Tom Mackenzie of Mackenzie Engineering, Sequent Computer Systems, Tektronix Foundation, and Mo Zareh of Sandwell Inc. The endowment honors founding engineering dean, Chik Erzurumlu, who retired in June. D 18 PSU MAGAZI E FALL I995 PHOTO l\Y JERRY HART \erne and Marionc Rupp and their d ) Kar n L. ( oe ' , c; "Since Marjorie and I newr graduated from college, we thought it would be quite rewarding for HS and for Portland Seate to establish gift annuities in honor of our daughter, Karen L. Coe '75. "In our generation (going back to the early- and mid-' 30s), a good high school education along with hard work and perseverance usually sufficed, bu.t times have changed as everyone knows. It seems to us that education is a viral necessity in this day and age. lt behooves one to obtain as much knowledge as possible in order to compete in the fast-moving and changing ways of our technology, where skills are of the essence if one is to remain competitive. "It pleases us that we can help Portland State Unii1ersity educate future generations by dispersing some of our resources now for an endowed schol– arship. While making an outright contribution was attractive to us, we real– ized that we could only afford to make a major donation that would provide us income in return. We are very satisfied with the handling of our gift annuities by the PSU Foundation. Our donations resulted in sizable income and tax deductions, and, in addition, we will receive fixed income payments for the rest of our lives. "We not only benefit at tax time but for the rest of our lives, and we have the satisfaction of knowing that the University also receives a benefit. Our charitable gift annuities will help PSU maintain a high level of educa– tion. We hope to contribute again in the future, depending on our financial resources." C#f .,:L-~,.,, 710 ,;._;_ JV. ,..p ~ Charitable gift annuities make it pmsiblc to transfer cash, mutual furn.ls , or marketable ecurities wch as stocks or bonds to the PSU Foundation. In exchange, the donor receives an income tax deduction in the year of the gift and fixed payments called "annuities" for life. (Editor's note: As PSU Magazine went to press, Verne and Marjorie Rupp decided to establish a third charitable gift annuity with the PSU Foundation.)