Building on the Strong Foundation of a Fredonia Education

Theodore Frazeur and Chris Granger smilingBy Chris Granger, Class of 1966

In the summer of 2009, I became involved with fellow Fredonia alumni and friends to bring the Theodore Frazeur Percussion Scholarship to full endowment. In the process, I worked with the Fredonia College Foundation and communicated with many alumni that had been under the direction of Theodore Frazeur, the now-retired founder of the School of Music's percussion program. Those communications provided me with the opportunity to reflect on my own experiences at Fredonia and assess how the time I spent there affected so many aspects of my adult life.

First and foremost were my interactions with Ted. In addition to his instruction in percussion, he also taught key curriculum courses such as Music History. What Ted Frazeur provided was a foundation for excellence. That foundation comprised four simple, yet important, facets: pursuit of excellence, preparation, execution and knowledge sharing. As my career migrated away from music to my current discipline, I found those four elements fundamental to my success.

I could end this story right here, having provided ample reason for my joining the Dallas K. Beal Legacy Society. Yet there is so much more to my "Fredonia Story." Consider this for a moment:

"We are living in a civilization where knowledge, technical information, and mechanical facts and problems are increasing at an alarming rate. Consequently, it is a must for everyone to acquire a maximum of knowledge, ‘know how' and skill to combat and synchronize himself with the developing and evolving environment."
- Dr. Harry A. King

You may be surprised to learn that this quote appeared in the 1966 Fredonian; it provided a stern demand at the time and Fredonia was up to the task. In addition to the music curriculum, I acquired a solid understanding of science and history and an enduring love of literature, art and (as a surprise) mathematics; all of those fulfilling the challenge presented by Dr. King. When my career took a dramatically different path than I expected, it seemed as if Dr. King's prophetic quote had silently guided me. It was the very foundation provided at Fredonia that facilitated my adaptation to a completely new field of endeavor.

Blending Old and New
In Fall 2006, I returned to visit Fredonia after a long absence. While the physical aspects of the campus had changed dramatically, I was pleased with how the ‘old' had been preserved and blended with the ‘new,' and that the close and intimate aspect of the campus had been maintained.

In 2009, I realized that the Dallas K. Beal Legacy Society offers an excellent opportunity to continue my own Fredonia Story. Working with the Fredonia College Foundation, I created the Christian Granger, '66 Graduate Percussion Award, designed to support percussion majors pursuing an advanced degree. Adding the Fredonia College Foundation to my will with provisions for added support for this award will assure funding of this endowment fund at a level I may not be able to accomplish during my lifetime. In this way, I can continue to support the Fredonia Story — now, and in the future.

I looked forward to attending Homecoming Weekend this fall and meeting the first recipient of the Granger, '66 Graduate Percussion Scholarship.

A charitable bequest is one or two sentences in your will or living trust that leave to Fredonia College Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Fredonia College Foundation, a nonprofit corporation currently located at Fredonia, NY, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Fredonia or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Fredonia as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Fredonia as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Fredonia where you agree to make a gift to Fredonia and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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