Save Taxes on Property Sale

When Steve Lord learned how charitable giving could leverage tax savings, he decided the University of Oregon was a natural fit.

When Steve Lord learned how charitable giving could leverage tax savings, he decided the University of Oregon was a natural fit.

A way to reduce the tax bite on selling some real estate-that’s what Steve Lord was looking for when he first heard about the concept of gift planning and charitable remainder trusts.

“My attorney told me about people who had charitable remainder trusts with Stanford,” says Steve, a Portland developer and entrepreneur who studied business at the UO in the late 1960s.

“I figured if those schools have such programs, certainly the University of Oregon must, too.”

An Easy Plan

Steve and Debi met with their accountant and decided to create a charitable remainder unitrust to benefit the UO. They received immediate tax benefits.

“This move made sense,” Steve says. “Who can better use these funds than students?”

A Natural Fit

Though Steve and Debi frequently visit Eugene for Duck games, Steve hadn’t been on the main campus for about twenty-four years when UO Vice President for Advancement Allan Price gave them a campus tour.

“It is just astounding how much is taking place,” Steve says. “We are thoroughly impressed with everyone we’ve met.”

Partnering with Students

Now Steve is collaborating with M.B.A. students on a business plan for a water-saving device built by Athena, one of his Hillsboro-based companies.

The product, a replacement handle for toilets made before 1994, can save the average household up to 35,000 gallons of water per year.

Lifelong Impact

“We are happy about the opportunity to get more involved with the UO,” Steve says.

“The friendships I made as a UO student have lasted a lifetime. We are so pleased about our gift to the university.”

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