A Generous Heart Staying Close to Home
It's hard to imagine there are many people who have been "closer" to Seattle University over the years than Bill Eisiminger.
He grew up in a home directly across Madison Street from campus (currently site of the International House of Pancakes). His mother and brother were graduates, and Bill himself earned both an undergraduate and graduate degree in education at SU.
Bill has made many important contributions and is very involved with the university through his two great passions—music and athletics. "I really enjoy staying engaged with SU", he said. "It's great to see these bright, hard-working students and watch them perform—at a concert or on the basketball court. I'm proud to be supporting SU through the gifts I can make today and as a member of the Legacy Society."
Bill is a former Catholic school teacher and principal who later founded a successful real estate investment and management company in Seattle. He is also a member of the Board of Regents.
Bill often attends music performances including those of the SU Choirs, and is a fixture in his courtside seat at SU basketball games.
Recently, Bill helped to fund new pianos for the Fine Arts department and is a major sponsor of the SU Athletics program. Through gifts of appreciated property, Bill also provided the naming gift for the beautiful new William F. Eisiminger Fitness Center, one of the most popular facilities on campus. Bill was able to support the Eisiminger Center by establishing a Charitable Remainder Unitrust, a vehicle which can offer donors both tax advantages and secure retirement income.
Charitable Remainder Trusts
A Charitable Remainder Trust can be established by transferring cash, property or other appreciated securities into a trust. The trust provides income for life or a term of years. The remainder of the trust will then come to Seattle University. The trust can provide a charitable income tax deduction and avoid capital gains on the sale of appreciated assets.
With the increase in capital gains tax rates, now is a good time to discuss charitable estate planning options with your advisors.
For more information on Charitable Remainder Unitrusts and trust and annuity administration offered by Seattle University, please contact the Office of Planned Giving at (206) 296-6974.