Nagler Leaves Nearly $2 Million to WC

William Nagler

William Nagler '42

A former student-athlete has designated his estate gift to support student scholarships and the tennis program.

Washington College recently accepted a bequest of $1.86 million from William M. Nagler '42, who passed away in 2016. The gift is designated for equal support of student scholarships and the College's tennis program.

A resident of San Diego, Nagler was retired from his job as President and CEO of The Pate Company, a manufacturer of roofing products. He held two patents from his work there: one for a pipe flashing unit and the other for a roof penetrating curb, a device that prevents leaks around roof openings.

After graduating from Washington College with degrees in mathematics and physics, he joined the U.S. Navy, serving as a radar officer during World War II on the USS Yorktown in the Pacific. He earned an MBA from UCLA in 1951 and worked as a Gallup Poll taker, recording audience reactions to themes in movies as well as for an advertising company in Philadelphia.

As a WC student, Nagler was a member of the tennis team, Lambda Chi Alpha fraternity and Omicron Delta Kappa honor society. He was also president of the WC chapter of the YMCA, vice president of the Literary Society and president of the Society of Sciences.

He was married to Betty Lohmuller Story Van Allen-Nagler '44, who died in June 2017. The two met at Washington College and married after reconnecting later in life. Throughout his life, Nagler's best friend was Bill Johnson '40, whose philanthropy gave rise to the Johnson Fitness Center.

Nagler gave annually to The Washington Fund for 33 years, was a member of the 1782 Society, and served on the Reunion Committee.

50 percent of Nagler's bequest will support full or partial scholarships for students who demonstrate academic excellence, with preference given to students from Oregon. The other half will fund the highest priority needs of the tennis program at WC.

"More often than not, when you use the word 'game changer' in athletics, you are talking about a recruit—one who will redefine your program," says Thaddeus Moore, director of Athletics. "But there is no better word to describe Mr. Nagler and his generosity. This gift will greatly enhance our programs and our student-athletes' experiences."

"I am continually impressed and humbled by the accomplishments of our alumni," says College President Kurt Landgraf. "William Nagler is a quintessential example of the best of Washington College, and because of his loyalty and generosity, many more young people will have a chance to broaden their own horizons with a Washington College education."

To learn more about making a bequest, or other ways you can support our future, contact Emily Kate Smith '10 at esmith6@washcoll.edu or 410.778.7715.

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

"I give to Washington College, a nonprofit corporation currently located at 300 Washington Avenue, Chestertown, MD 21620, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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.

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