FOR ALUMNI&FRIENDS
Largest-Ever Alumnus Gift to Friends Tim Bayard ’62 and Mona Bayard
I have, as they say in fund-raising, “made a stretch gift” to Friends School. It is something I have thought about for a long time, ultimately deciding on Friends, as opposed to my university, not just because of the impact the school has had on my life and my family (and on communities I care about), but because of the impact my gift can have on the school. When I first broached the idea of participating in the Pooled Income Fund (PIF), I was told, “You are too young!” Well, not anymore, and in my 50th reunion year, the time seemed doubly right. I also wanted to do what would be most helpful to the school, and after talking with the administration, decided to divide my gift, so that $1 million in unrestricted funds could be used right away with the remaining $1.3 million going into the PIF. It makes sense for everyone.
Tim and Mona at the 2012 True Blue/1748 Society Luncheon, and below, Tim with Kindergarten teacher Jane Goldberg, in the classroom where he has volunteered for more than 20 years.
Because of the community and mission at Friends, each of our contributions of money and time can make a substantial difference to the school—so that its graduates can make a difference in the world. I am pleased to be able to give a major financial gift to Friends, but I could not mention it without also talking about the 20-plus years I’ve spent volunteering every Thursday in Jane Goldberg’s Kindergarten class. I have done other volunteer work at school, like being a nonTrustee member of the Property Committee, helping with the school archives, and serving on the Alumni Board, but for me, nothing compares with being a “member” of Kindergarten. Some members of my class of 1962 may remember our own K year with Mrs. Warfield. This past September, I found myself regressing to those wonderful days— wonderful, that is, after the first few frightening ones. This year’s brand new Kindergartners arrived much as we did: some just full of themselves and ready to take over the classroom; others shy, even timid, and prone to sudden outbursts of tears. Over the years, I have learned the magical curative powers of moist paper towels, good for almost any ailment, from a bruise to a small headache, or even the pinch from a guinea pig’s teeth. There is something quite wonderful about being back in Kindergarten. There are so many ways to give to Friends. Working with students, for me, is uniquely rewarding; financial support is, without a doubt, essential. I hope all alumni will find a way to be part of our school. Because of the community and mission at Friends, each of our contributions of money and time can make a substantial difference to the school—so that its graduates can make a difference in the world. —Tim Bayard ’62
Wilmington Friends School is deeply grateful for the transformational gift from of Mona and Tim ’62 Bayard. The $2.3 million is the largest gift received by an alumnus/na to date. In addition to Tim’s volunteer service, Mona served on the Board of Trustees from 1998 to 2007. Mona and Tim are parents of an alumna, Clare ’94; they are True Blue donors, members of the 1748 Society, and Leadership donors to the Annual Fund. Pooled Income Fund (PIF)—Donating cash or appreciated stock** to Friends—the pooled income fund provides lifetime income for you or others you name, with the majority of the principal benefiting an area that is important to you upon your death. Pooled income fund gifts are most commonly used when you want to receive income for life with a hedge against inflation. You benefit from an income tax charitable deduction for a portion of the gift amount and completely avoid the capital gains tax that might otherwise be due on gifts of appreciated stock. (**Appreciated stock is a great way to give. The donor receives the tax credit for the contribution at the market value of the stock and does not pay any capital gains tax.) 'BMM 8JOUFS t Friends 'BMM 8JOUFS t Friendsmagazine magazine
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