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Alumna Makes Bequest Gift to Support STEM Scholarships for Women

Joanne Pryor

After attending her Reunion, Johanne Pryor '61 made a sizable bequest to support scholarships for women pursuing degrees in science, technology, engineering and math (STEM).

“I believe strongly in education and the education of women,” she said. “And as a high school student, you hear too often that you’re expected to go to big schools, and I think it’s important for everyone to realize that there are other options and you can go to a smaller school where you won’t get lost in the shuffle.”

A mathematics major at R-MWC, Pryor worked at IBM in Washington, D.C., every summer during college. Upon graduation, she was hired by the company and served primarily in marketing and customer support departments for 31 years. During her career, she witnessed firsthand not only the transformation of computer technology, but also the changing role of women in the workplace.

“We were changing over at that time from what you would see on TV shows like Father Knows Best, where the woman was in the home cooking, cleaning, and taking care of the children,” Pryor said. “There was a world of difference just between the ’50s and ’60s in the workplace and at home.”

Pryor said the College prepared her for the scientific aspect of her job and also to be a skilled communicator. “The liberal arts education is a great way to broaden your perspective,” she said. “For me, I discovered you have to be able to talk to people and have some knowledge that’s not pure science.”

Following her retirement, Pryor moved to the New Bern, North Carolina, area where she continued to use her communication skills as activity director for a local senior center. She now volunteers for several organizations focusing on senior needs, including the Neuse River and North Carolina Senior Games. At Neuse River, she acts as coordinator for an event that includes six counties.

Pryor remains engaged with her alma mater and many of her classmates and said she believes strongly in the College’s continued mission to provide a high quality liberal arts education to women—and now men.

“If you’ve had good experiences and have gained a lot, whatever the endeavor was, you need to give back,” she said. “I’d like to be able to help things continue to improve, and make sure the experiences that I had, enjoyed, and profited from, are still there and available for future generations.”

Find out more about planned giving to Randolph College at, or contact the Planned Giving Office at or 434-485-8050.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Randolph College 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

Bequest Language

"I give, devise, and bequeath to the Trustees of Randolph College (founded as Randolph-Macon Woman's College in 1891), a corporation located in Lynchburg, Virginia (the College), the sum of $_____ dollars [or property, securities, etc.], to be used for [describe the purpose in as broad and simple terms as possible], or in the event that such use shall in the judgment of the Board of Trustees of the College become impracticable, said trustees may use the bequest for other purposes as nearly akin to the original purpose as they judge will help advance the aims of the College."

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.

cannot be changed or cancelled

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

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the College or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

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

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

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 the College 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 the College as a lump sum.

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

A charitable gift annuity involves a simple contract between you and the College where you agree to make a gift to the College and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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