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Going Further

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Office of Trusts, Estates, and Gift Planning
Cornell University
130 E Seneca Street, Suite 400
Ithaca, NY 14850
Phone: 1-800-481-1865
Fax: 607-254-1204
Email:
gift_planning@cornell.edu

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Magnifying the Impact of Giving

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When David ’56 and Jane ’57 Pyle were looking to generate a safe and predictable source of income during their retirement years, they turned to Cornell. Armed with their financial consultant’s advice and information from Cornell’s Office of Trusts, Estates, and Gift Planning, they established a charitable gift annuity that benefits both them and the university.

“In these times, you really ought to have safe money to help generate cash to meet basic needs, and a charitable gift annuity helps us do that,” says David, a retired engineer for Procter & Gamble.

They might have set up an annuity through an insurance company or brokerage firm, but their advisor recommended Cornell’s annuities as the safest long-term choice because the university endures, while businesses are subject to greater changes or failure. Besides receiving quarterly payments on their annuity, the Pyles earn a significant charitable tax deduction.

Just as important, they are helping Cornell. “We give to Cornell because we see so much good coming from it,” says Jane, who is retired from school teaching and administration.

The Pyles have made an impact on Cornell over many years with both personal and matching gifts, designating much of their support to engineering and human ecology. Together they also have established student scholarships, helped build Duffield Hall, and named a lounge in Weill Hall.

Because of the university’s far-reaching scope, David believes that “Cornell magnifies the impact of our gifts. It is on the leading edge in so many fields.”

In addition to their philanthropy, the Pyles have enjoyed volunteering to serve Cornell through the Cornell University Council and, in recent years, the Cornell Club of Sarasota-Manatee.

Now living near Sarasota, Florida, the Pyles are a multigenerational Cornell family. “We were blessed to have a great education and a fun time at Cornell,” Jane says. “I always feel good when I’m at Cornell.”