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Planned Giving

The Power to Prevail Through Philanthropy, GW Alumnus Provides Hope for Young Refugees

Brady

Even as a boy, Dirk Brady understood the harsh realities of prejudice. Born in Hanover, Germany, in 1918, the only child of Jewish merchants, Dirk enjoyed a childhood not unlike that of his peers. He excelled in school, played sports and was popular with his classmates. But it was not long before his carefree childhood fell victim to the ethnic persecution sweeping his homeland.

"When Hitler came into power, my friends were more or less forced to join Hitler's Youth," says Dirk. "They wouldn't talk to me, wouldn't sit next to me. When it came to sports, they didn't want me on their team. It just got worse and worse."

As the years passed and the political climate grew more precarious, Dirk's parents sent him to stay with friends in the U.S. to escape the increasing hostility. Forced to abruptly leave high school, the 17-year-old arrived in Washington, DC, without a dollar in his pocket or a diploma to his name.

But the young teenager was not entirely destitute: he had an unwavering desire for knowledge and a university that was willing to give him a chance. "The most important thing to me was to get an education," Dirk recalls. "I got a job and started night school at GW. It wasn't easy, but I was determined."

Dirk worked full time as an industrial toolmaker in College Park, Md., to put himself through seven years of engineering school at George Washington. When the U.S. entered World War II, Dirk was eager to join the armed forces. Sensing his urgency, the dean allowed Dirk to take 30 credits in one semester in order to expedite his graduation.

"Everything GW could do to help me, they did. If I needed special courses, or needed to change my schedule, they were always helpful."

The rest, according to Dirk, is history. He graduated from GW, served two years in the Merchant Marines, and went on to have a long and successful career in engineering. Equipped with his GW education, the onceimpoverished refugee who began his career as a toolmaker secured a job as a designer, then a chief engineer and eventually the vice president of a manufacturing company.

"I never thought I'd be admitted to GW in the first place," says Dirk. "But they accepted me, and I was able to get a wonderful education. In that sense, GW has helped form my whole life."

Today, Dirk and his wife, Judy, are paying it forward. Through a number of charitable gift annuities, as well as gifts given by other family members in Dirk's honor, the Bradys and their family have supported several causes at GW, including establishing a scholarship fund for students who have fled their home countries because of political, ethnic or religious persecution.

The Bradys specifically chose charitable gift annuities because it "just made sense" given their circumstances. In their eyes, the fixed income of a charitable gift annuity provided financial stability and satisfied both their investment and philanthropic goals. But, the Bradys insist that those are just the perks. The real value, they say, comes from knowing they are helping students throughout GW, including helping students overcome the prejudice and persecution that drove Dirk from his home nearly 75 years ago.

"GW gave Dirk the opportunity to get an education when all the odds were against him," says Judy. "Now we're happy to offer the same opportunity to people who find themselves on unfamiliar ground and need the support of a stranger to rise above their circumstance and reach their full potential."

Dirk Samulon Brady, BA'43, SEAS, passed away at his home in Cocoa Beach, Florida, on May 22, 2012. He is survived by his wife, Judith, and students who were the beneficiaries of scholarships that he established over the years.

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A charitable bequest is one or two sentences in your will or living trust that leave to The George Washington University 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 The George Washington University, a nonprofit corporation currently located at 2033 K Street NW, Suite 300, Washington, DC 20052, 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.

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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

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

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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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 GW as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 GW as a lump sum.

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

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