It's a Win-Win:The IRA Charitable Rollover

Dr. Robert (Bob) L. Holt '67 leveraged the IRA Charitable Rollover provision to establish an endowment on the occasion of his 50th reunion that honors two admired W&L mentors, the late Chemistry Professor Keith Shillington and History Professor and friend Ted DeLaney. The Dr. Robert L. Holt '67 Endowment for Student Learning Experiences in the Sciences will enable deserving W&L undergraduate students to pursue summer research and internships with a W&L faculty mentor, a faculty mentor at another university, or a physician or medical professional in a hospital or research center. 

"I think the simple fact is that the timing is perfect,” Holt said. “Because I am still working, I am not strapped for cash nor need the IRA income. So this is an opportunity for me to benefit the university and to take advantage of a tax benefit as well. I am pleased with this opportunity. It's a win-win."

Holt's tax-savvy gift to his alma mater counted in his 50th reunion giving totals and recognizes mentors and friends who made a difference in his life. He runs a thriving West Palm Beach practice and is an adjunct professor at UAB School of Dentistry.