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| Bequest from Bob Brown Creates Endowment for Swan Trust | 11/07 | Bob Brown was an ardent conservationist known throughout the state for
his gentle charm and extensive knowledge of the diverse plant life of
Tennessee. Bob was a frequent participant on Swan trust hikes and made
several trips on his own to explore Big Swan Headwaters Preserve.
Frequently accompanied by his faithful four-legged companion Trouble,
Bob generously shared his expertise and enthusiasm for Tennessee’s
flora and fauna with all around him. He is deeply missed.
Even with his passing
in June of this year, Bob continues to demonstrate his positive
influence in our world by leaving his entire estate to a select group
of nonprofit organizations, including Swan Conservation Trust. This
gift will be used to establish the Robert D. Brown Endowment.
Endowments are funds
that remain untouched, generating interest and establishing income in
perpetuity. This residual income can be used by an organization for
expenses such as property taxes or for hiring staff to oversee annual
programs. The creation of an endowment is an important cornerstone in
the foundation of any nonprofit organization, and Swan Trust is proud
to take this important step forward made possible by Bob Brown. | 
Bob Brown was an ardent conservationist. | Bequests or Planned
Gifts are a way for individuals to see that their ideals are enhanced
and continue on beyond their passing. When used to create an endowment,
the bequest insures that important work can continue and affect
generations into the future. Bequests often allow people to make a
larger gift through the liquidation of their estate. Bequests are also
exempt from inheritance and capital gains tax, providing another
incentive to the person seeking to use their assets for the maximum
benefit.
Swan Trust would like to convey
sincere appreciation to Bob Brown for including our organization in his
final gifts. We are honored to be a part of his legacy. |
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