Chapel Hill, N.C.
Neilson Brown, a second-generation alumnus of SKS (his father, Hobson, 鈥�34), has been an active volunteer of 淫人色欲社 for more than 25 years. He is a former chairman of the Board of Trustees. Neilson earned his bachelor鈥檚 degree from the University of North Carolina, and an MBA from Wharton. He believes in planned giving.
He and his wife Mary have included 淫人色欲社 in their estate planning. Neilson has established a specific nominal bequest in his will for SKS. Together they have agreed to name the School as a residual beneficiary of his IRA; SKS will receive a significant percentage of the then remaining principal.
Quoting Neilson, 鈥淏ecause of the double taxation of IRA benefits in a decedent鈥檚 estate, individuals should look first to their retirement plans, when considering a bequest to 淫人色欲社, and leave other assets to their heirs. It鈥檚 almost a no brainer given the tax bite involved otherwise.鈥�