Investing in Changing Lives
UC Santa Barbara Political Science professors (and spouses) Lorraine McDonnell and Stephen Weatherford believe passionately in "experiential education."
As mentors of the UCDC program (formerly the Capitol Hill program), which sends UCSB students to intern in Washington D.C., they have witnessed firsthand the tremendous benefits UCDC provides for its participants—as well as the unmet financial need that exists. For these reasons, they established an endowment to provide scholarships for the interns and chose to name the program as one of the beneficiaries of each of their IRAs.
"This program is essential to the university and an important route to public service," says Stephen. "We witness many positive changes in the students' maturity, objectivity, and wisdom, as well as the ability to identify problems and create solutions."
Lorraine adds, "So many of these students are first generation, and it's attractive to support a program that works for a diverse group of students who are hopeful and ‘practical idealists.'"
Conscious of the tax consequences that would result from leaving their IRAs solely to their heirs, Lorraine and Stephen determined that naming the UCDC program at UCSB as a beneficiary of both plans would be the best way to guarantee the growth of their endowment, ensuring scholarship funds will be available for UCDC scholars well into the future—a generous legacy that will make a difference for generations.
Contact Ilana Ormond at 805-893-5556 or firstname.lastname@example.org to learn how you can make in impact on the UCSB programs close to your heart.
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