on the Future
TAX AND ESTATE PLANNING FOR HOLY NAMES UNIVERSITY ALUMNI AND FRIENDS.
Ecofeminism, or ecological
feminism, is a term coined
in 1974 by Françoise
d’Eaubonne. It is a phi-
losophy and movement
born from the union of
feminist and ecological
thinking. Geraldine (Jerry)
Hobgood, a loyal friend
and alumna of Holy Names
University, exemplified eco-
feminism before Françoise
d’Eaubonne thought of the
word! Her stewardship of
our earth has grown and
evolved over the years and
her mantra has become
“sustainability”–the capac-
ity to endure. In addition
to her work for environ-
mental sustainability, Jerry’s
creation of a Charitible
Remainder Trust–a planned
gift with Holy Names as the
beneficiary–helps to assure
that her alma mater will
endure.
eraldine (Jerry) came to College of the Holy Names
as a freshman at the recommendation of Sr. Joan,
OP, one of her teachers at St. Vincent’s High School
in Vallejo. Jerry and her mother visited the College and she
remembers meeting Sr. M. Rose Emmanuella Brennan that day.
She always wanted to go to college and
actually had her heart set on attending the
University of California at Berkeley (where
she was, indeed, accepted). Her wise mother
insisted that she attend Holy Names for her
first year only. That, of course, was all it took
for Jerry to get “hooked.” Looking back, she
acknowledges that she was able to attend
Holy Names because of the generous finan-
cial aid that the College afforded her and for
this she is most grateful.
Jerry received her Bachelor’s Degree in Eco-
nomics and Psychology. Because she loved to
write, Jerry thought she wanted to become a
journalist for a newspaper. Sr. M. Claire Mad-
eleine Carlin advised her that taking literature,
sociology, and humanities would give her a
wellrounded education and serve her well in
this field. She remembers her beloved institu-
tion for its academic excellence, for developing
a social conscience among its graduates, and
for deepening each person’s awareness of eco-
nomic and moral responsibilities. Jerry recog-
VOLUME 1 ISSUE 2
nizes that she could not have accomplished all
that she has throughout her life without this
valuable educational experience.
After graduating, Jerry spent six years in
Austria and Italy serving in the special ser-
vices. Returning to the U.S., she worked as
a counselor for several years in Los Angeles
for Catholic Social Services. In the late 1950s
Jerry moved to Aspen, Colorado and opened
the “Opera House Espresso” with a tool kit
containing a hammer, a saw, and a spatula.
This was her first natural interior...made of
tree stumps, animal hides and the ends of
cable telephone spools.
After a wide variety of ventures and adven-
tures, she then relocated to Grand Junction
and joined VISTA where she was attached
to legal services as a community organizer
serving the poor, elderly and minority popu-
lation. Ever alert to social injustices, Jerry
(as a VISTA volunteer) was instrumental in
stopping a highway, which was planned to
plow through the poorest section of Rifle,
continued on page 4
 Focus on
Charitable Remainder Trusts
by Jesse Bassett
Are you interested in a making a contribution to
charity, but are unsure whether you will have adequate
future income? Are you
postponing the sale of
an appreciated asset
to avoid a substantial
capital gains tax? Do
you want to make a
substantial gift to your
alma mater, but feel
that this goal may be
out of your reach? If
any of these scenarios
sound familiar, you may
be interested in creat-
ing a Charitable Re-
mainder Trust (“CRT”).
What is a CRT?
A Charitable Remainder Trust (CRT) is an irrevocable
trust, which allows you to transfer assets to a trust in
exchange for an income interest while designating the
charity of your choice as the ultimate beneficiary of the
trust funds. The CRT can provide income to you and your
spouse that can last the rest of your lives, or, if you choose,
a specific number of years.
How does a CRT work?
Your attorney drafts the document establishing the CRT,
which identifies the donor, the trustee, the income benefi-
ciary, and the charitable remainder beneficiary. You, as the
donor, can designate yourself and/or your spouse as the
income beneficiaries. Another option is to name an income
beneficiary other than yourself and/or your spouse.
Once the CRT is established, you then gift cash or appre-
ciated assets to the CRT. After the assets are contributed
to the CRT, your accountant then determines the value
of the immediate income tax deduction that you may be
entitled to as a result of making a gift to the CRT.
The trustee invests the CRT assets for the term of the
trust. The trustee may sell an appreciated asset inside
the CRT without incurring any capital gain. An income
stream is then paid to the designated income beneficiary
from the trust assets. Once the trust term ends, the re-
maining assets are distributed under the guidelines to the
charitable remainder beneficiary you previously designated
in the document establishing the CRT.
Income Stream — Annuity or Unitrust
Two different payout options are available for the income
beneficiary of the CRT—an “annuity” payment and a
“unitrust” payment. An annuity payment requires the
trustee to pay a fixed amount each year for as long as the
trust term lasts—e.g., $50,000 per year. Under the annu-
ity payment, the income payments remain unchanged and
are not dependent upon the value of the CRT’s assets.
Under the “unitrust” payment, the trustee is required to
pay a fixed percentage of the trust assets—e.g., 5% of the
value of the trust. A change in the value of the CRT’s
assets will cause a change in the amount of income dis-
tributed to the income beneficiary. The unitrust payment
differs from the annuity payment in that the unitrust
payments may be variable, as the CRT’s assets must be
revalued annually.
Tax Benefits
CRTs are exempt from income tax and also allow the
tax-free sale of appreciated assets inside the trust. Much
of the power of the CRT lies in its tax-exempt status. Do-
nors can fund CRTs with a variety of appreciated assets
including stocks, bonds, mutual funds, real estate, part-
nership or LLC interests, closely held corporations, art,
and other tangible property. This preferential tax status
allows the donor to transfer these types of assets—that
have appreciated in value well beyond their original cost—
and turn them into an income stream without incurring
any capital gain.
CRTs are a flexible answer to many charitable and tax-
related problems and can accomplish multiple goals. The
CRT is unmatched in allowing the liquidation of ap-
preciated assets without incurring capital gains tax and
increasing cash flow by providing an income stream to
the donor. Utilizing a CRT allows a donor to give back
to charity and increase liquidity and maintain an income
stream—really the best of all worlds.
2
 Focus on
Scholarships from Bequests
Robert Summers with sister, Beverly Summers
The gift of an education is
priceless! Yet the cost of an educa-
tion can be very expensive. Alumni
and current students, alike, have
expressed their gratitude for schol-
arships they received that enabled
them to receive a quality educa-
tion, whether at the Lake Merritt
campus or the Mountain Boulevard
campus.
Holy Names University has been
blessed to receive a number of
endowed scholarships over the years
that were obtained because an alum
or friend designated funds in their
estate plans for scholarships. We
are pleased to highlight in this is-
sue of Focus on the Future two such
gifts that we have received from
bequests.
We received word in Fall 2008 that
former Regent, Robert Summers, had
remembered Holy Names University
very generously in his will. The Rob-
ert W. Summers and Beverly Sum-
mers Scholarship will target students
who are interested in pursuing careers
in science/medicine and journalism.
During a memorial Mass that was
celebrated in McLean Chapel on
February 26, 2009, the sixth-month
anniversary of Bob’s death, Sister Irene
Woodward, who had been President
when Bob was most active with Holy
Names, shared her reflections of his
life. She spoke about how Bob was in-
troduced to then-Holy Names College:
“During this time, we also started an
annual Business Symposium, bringing
the business and civic leaders together
on our campus for a full day, to dream
and plan together for a better Oakland
and East Bay. We did not know any-
one from Chevron, which had recently
moved its corporate headquarters out
of San Francisco to San Ramon, and
which was eager to establish good rela-
tions with this new part of the world.
The gift from Chevron to us, one that
has endured to this day, was the as-
signing of Bob Summers, their Man-
ager of Public Affairs for the East Bay,
to head up their relationship to Holy
Names. Through his position, he was
able to get many gifts for Holy Names
from Chevron through the years, but
the greatest gift was Bob himself.”
Bob was very generous to Holy Names.
Despite his frequent presence, Bob was
never imposing or sought the lime-
light. Sr. Irene concluded this way:
“So, when Bob died last summer, we
had grateful memories of a truly gentle
man, and we will always hold them
fondly and sacredly. But the story is
not finished; Bob did one final thing
in the same way he had done every-
thing—quietly, modestly, without
bringing attention to himself, but with
deep loyalty and devotion. I might
say that he fulfilled every university
president’s dream: to learn one day
that someone has left the institution a
very significant amount of money for
student scholarships. We had no idea
that he included us in his will, much
less, for a very large gift.”
In January of 2009 we received
a check from the estate of Patricia
Ward Engstrom. Pat was not in our
database so it took a bit of sleuthing
to determine her relationship with the
University and
we discovered
that she was a
member of the
Class of 1950!
She graduated
with a degree
in history and
was a member
of the history
honor society,
Alpha Phi Alpha. She also participated
in the International Relations Club,
Masquers (the drama club), Student
Teachers Association, Tau Delta Gam-
ma (scholastic honor society), and the
math club. During her senior year, Pat
was named as the Business Manager of
Excalibur, the yearbook, and she was
recognized by the staff for “keeping
us out of the red.” After graduation,
Pat moved to Fresno and was married.
Although she had not maintained con-
tact with Holy Names, Pat’s education
meant a great deal to her, obviously, as
HNU was one of two major recipients
of her estate.
Thank You
Bob and Pat, for remembering our
students so thoughtfully—your
partnership with us will enable our
students to achieve their dreams of
receiving a college education.
3
HOBGOOD continued from page 1

Colorado, and would have eliminated
the low-cost housing there. In another
instance her comprehensive investiga-
tion of jail conditions in Grand Junc-
tion led to the construction of a new
Mesa County Jail. In addition, Jerry’s
research of domestic violence brought
about the establishment of a women’s
safe house.
Jerry’s inspiration for sustainable build-
ing started when she
heard Buckminster
Fuller lecturing on
solar energy at the
Aspen Institute
for Humanistic Studies. His commen-
tary on solar energy was inspirational
to Jerry. This began a lengthy period of
extensive research on this topic as well
as attending conferences on alternative
building and constructing four homes
from sustainable products. Her philos-
ophy is summed up with these words:
“I am committed to the principle that
we do not “own” the land, but that we
are merely temporary stewards and are
held accountable for how we use or
abuse it. What we do and how we live
have a profound effect on the common
good not only in our own community,
but also in the world.”
Cognizant of preparing for the future,
Jerry wrote her Charitable Remainder
Unitrust in 1993. Grateful for the
education and financial assistance she
received at Holy Names, she named her
alma mater as the beneficiary of the
trust so that future students can benefit
from an education at Holy Names Uni-
versity. When the HNU Legacy Society
was established in 1995, Sr. Marguerite
Kirk met with Jerry and she agreed to
become one of the first members of the
Legacy Society.
It is because of gifts like Jerry’s that the
University will continue to make a dif-
ference in students’ lives well into the
future. We are truly blessed to count
our friend, Jerry Hobgood, among the
members of the Marie-Rose Durocher
Legacy Society.

How to Arrange Gifts

through the Marie-Rose
Durocher Legacy Society

• A bequest in a will, or a designation of Holy Names University as a beneficiary

in a living trust, insurance policy, IRA, Keogh, 401-K or profit sharing plan.
• The establishment of a highly tax-advantaged trust (for example, a Charitable
OFFICE OF PLANNED GIVING
Remainder Trust or Charitable Remainder Unitrust) providing income to
Sr. Carol Sellman:
family and friends during their lives and the principal to Holy Names at their
Director of Planned Giving
death. Such a trust may also be set up so that income goes to the University and phone: 510-436-1265
the principal goes to your heirs. email: sellman@hnu.edu
• A gift of real estate entitles you to an income tax deduction for the property’s Dav Cvitkovic:
Vice President for Institutional
full appraised fair market value. Almost any marketable real estate is suitable Advancement
for a charitable gift, including personal residences. Unencumbered property is phone: 510-436-1198
preferable and generates the greatest tax benefit. email: cvitkovic@hnu.edu

• A contribution to the Holy Names University Pooled Income Fund which pro-
vides income to beneficiaries, you or others you name, with the principal left to
Holy Names at the death of the beneficiaries.