Allen Hawley
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Allen Hawley
Allen F. Hawley (September 26, 1893November 13, 1978) was an American fundraising administrator best known for developing the Pomona Plan, a pioneering deferred giving scheme, for Pomona College. Life and career Hawley grew up on a ranch in El Cajon, California. He attended San Diego High School and then worked on the ranch for a year before enrolling at Pomona College, from which he graduated in 1916. He then attended Harvard Business School, but dropped out to serve as an ambulance driver in France during World War I. After the war, he worked as an assistant director at Fox Film in Hollywood and on the advertising staff of the ''Los Angeles Examiner''. In 1938, he returned to work for Pomona, and in 1942 he introduced the Pomona Plan, a deferred giving Planned giving (less commonly known as gift plannin is an area of fundraising that refers to several specific gift types that can be funded with cash, equity, or property. These gift vehicles are commonly based on United Stat ...
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Deferred Giving
Planned giving (less commonly known as gift plannin is an area of fundraising that refers to several specific gift types that can be funded with cash, equity, or property. These gift vehicles are commonly based on United States tax law, buCanada the United Kingdom, another nationsare beginning to establish similar laws. In the United States the specific rules of planned giving are defined by the United States Congress and the Internal Revenue Service. History and etymology The term "planned giving" was coined in 1969 by Robert F. Sharpe, Sr.: "A donor usually considers a current gift to your institution as a cash outlay now. To make a deferred gift, a person decides to give at some future date, either a number of years from now or at death. A deferred gift is a present decision to make a future gift, evidenced by a legal contract. "While the name 'deferred giving' is best known to professionals in the field, it is not a term that communicates very much to the average donor. The ...
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Financial Endowment
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be (and in some cases must be) spent each year, utilizing a prudent spending policy. Endowments are often governed and managed either as a nonprofit corporation, a charitable foundation, or a private foundation that, while serving a good cause, might not qualify as a public charity. In some jurisdictions, it is common for endowed funds to be established as a trust independent of the organizations and the causes the endowment is meant to serve. Institutions that commonly manage endowments include academic institutions (e.g., colleges, universities, and private schools); cultural institutions (e.g., museums, librarie ...
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1893 Births
Events January–March * January 2 – Webb C. Ball introduces railroad chronometers, which become the general railroad timepiece standards in North America. * Mark Twain started writing Puddn'head Wilson. * January 6 – The Washington National Cathedral is chartered by Congress; the charter is signed by President Benjamin Harrison. * January 13 ** The Independent Labour Party of the United Kingdom has its first meeting. ** U.S. Marines from the ''USS Boston'' land in Honolulu, Hawaii, to prevent the queen from abrogating the Bayonet Constitution. * January 15 – The ''Telefon Hírmondó'' service starts with around 60 subscribers, in Budapest. * January 17 – Overthrow of the Kingdom of Hawaii: Lorrin A. Thurston and the Citizen's Committee of Public Safety in Hawaii, with the intervention of the United States Marine Corps, overthrow the government of Queen Liliuokalani. * January 21 ** The Cherry Sisters first perform in Marion, Iowa. ** The T ...
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Harvard Business School Alumni
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ...
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Pomona College Alumni
Pomona may refer to: Places Argentina * Pomona, Río Negro Australia * Pomona, Queensland, Australia, a town in the Shire of Noosa * Pomona, New South Wales, Australia Belize * Pomona, Belize, a municipality in Stann Creek District Mexico * Pomona, Tabasco, a Mayan archeological site Namibia * Pomona, Namibia New Zealand * Pomona Island, New Zealand South Africa * Pomona, Kempton Park United Kingdom * Pomona, an old name for the Mainland of Orkney * Pomona Docks, in Manchester, England United States * Pomona, California * Pomona, Illinois * Pomona, Kansas * Pomona, Maryland * Pomona, Michigan * Pomona, Missouri * Pomona, New Jersey * Pomona, New York * Pomona, Tennessee * Pomona, Washington Academic institutions * California State Polytechnic University, Pomona, a public polytechnic university * Pomona College, a liberal arts college in Claremont, California Other uses * Pomona (fruit survey), a treatise on or a survey of fruit varieties * Pomona (mythology), the ...
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Hemet, California
Hemet is a city in the San Jacinto Valley in Riverside County, California. It covers a total area of , about half of the valley, which it shares with the neighboring city of San Jacinto. The population was 89,833 at the 2020 census. The founding of Hemet, initially called South San Jacinto, predates the formation of Riverside County. This area was then still part of San Diego County. The formation of Lake Hemet helped the city to grow and stimulated agriculture in the area. The city is known for being the home of ''The Ramona Pageant'', California's official outdoor play set in the Spanish colonial era. Started in 1923, the play is one of the longest-running outdoor plays in the United States. Hemet has been named a Tree City USA for 20 years by the Arbor Day Foundation for its dedication to the local forest. The city is home to the Hemet Valley Medical Center, a 320-bed general hospital. History This had long been the territory of the indigenous Soboba people and Cahuill ...
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Pomona Progress-Bulletin
The ''Inland Valley Daily Bulletin'' is a daily newspaper based in Rancho Cucamonga, California, serving the Pomona Valley and southwest San Bernardino County. The ''Daily Bulletin'' is a member of the Southern California News Group (formerly the Los Angeles Newspaper Group), a division of Digital First Media. After 30 years of operations from its Ontario Office, the ''Daily Bulletin'' moved to Rancho Cucamonga in 2015. Donrey Media formed the paper in 1990 by merging the ''Progress Bulletin'' of Pomona with ''The Daily Report'' of Ontario. Donrey had owned both papers since 1967. It is owned by Digital First Media, which took control of the paper in 1999. The coverage area for the ''Daily Bulletin'' includes Pomona, San Dimas, La Verne and Claremont in Los Angeles County, Chino, Chino Hills, Montclair, Ontario, Rancho Cucamonga and Upland in San Bernardino County San Bernardino County (), officially the County of San Bernardino, is a county located in the southern portion ...
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Doctor Of Law
A Doctor of Law is a degree in law. The application of the term varies from country to country and includes degrees such as the Doctor of Juridical Science (J.S.D. or S.J.D), Juris Doctor (J.D.), Doctor of Philosophy (Ph.D.), and Legum Doctor (LL.D.). By country Argentina In Argentina the Doctor of Laws or Doctor of Juridical Sciences is the highest academic qualification in the field of ''Jurisprudence''. To obtain the doctoral degree the applicant must have previously achieved, at least the undergraduate degree of Attorney. (Título de Abogado). The doctorates in Jurisprudence in Argentina might have different denominations as is described as follow: * Doctorate in Law (Offered by the University of Buenos Aires, NU of the L, and NU of R) * Doctorate in Criminal Law * Doctorate in Criminal Law and Criminal Sciences * Doctorate in Juridical Sciences * Doctorate in Juridical and Social Sciences (Offered by the NU of C) * Doctorate in Private Law (Offered by the NU of T) * Docto ...
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ...
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The Harvard Crimson
''The Harvard Crimson'' is the student newspaper of Harvard University and was founded in 1873. Run entirely by Harvard College undergraduates, it served for many years as the only daily newspaper in Cambridge, Massachusetts. Beginning in the fall of 2022, the paper transitioned to a weekly publishing model. About ''The Crimson'' Any student who volunteers and completes a series of requirements known as the "comp" is elected an editor of the newspaper. Thus, all staff members of ''The Crimson''—including writers, business staff, photographers, and graphic designers—are technically "editors". (If an editor makes news, he or she is referred to in the paper's news article as a "''Crimson'' editor", which, though important for transparency, also leads to characterizations such as "former President John F. Kennedy '40, who was also a ''Crimson'' editor, ended the Cuban Missile Crisis.") Editorial and financial decisions rest in a board of executives, collectively called a "guar ...
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Lifetime Annuity
A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive. The majority of life annuities are insurance products sold or issued by life insurance companies however substantial case law indicates that annuity products are not necessarily insurance products. Annuities can be purchased to provide an income during retirement, or originate from a ''structured settlement'' of a personal injury lawsuit. Life annuities may be sold in exchange for the immediate payment of a lump sum (single-payment annuity) or a series of regular payments (flexible payment annuity), prior to the onset of the annuity. The payment stream from the issuer to the annuitant has an unknown duration based principally upon the date of death of the annuitant. At this point the contract will terminate and the remainder of the fund accumulated is forfeited unless there are other annuitants or beneficiaries in the contract. Thus a life annuity is a form ...
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