Many donors believe that monetary gifts are the only way to financially support an institution; however, that's not always the case. One recent example is provided by Mrs. Joyce Noel Crittenden (OBU Class of '50) and her family.
Joyce met the love of her life at Ouachita, James "Jim Ed" Crittenden (OBU Class of '50). They married in 1950 and enjoyed more than 60 years together before Joyce passed away in February 2012 due to cardio-pulmonary complications.
"Ouachita was special to them. This is where they met," said Nicole Herndon, a development officer for Ouachita. "Mrs. Crittenden was in the field of education and wanted to make sure that her passion for knowledge continued."
The Crittendens chose several ways to benefit Ouachita students, including an endowed scholarship, an estate provision, and one unique donation.
"Joyce had the ability and the 'smarts' to grow assets" said Jim Ed, "and she foresaw the time when Ouachita would benefit. Joyce included in her will, written in 2003, the specific gift of her jewelry. In her mind, Ouachita was one of God's finest creations."
"After she died, he donated these beautiful pieces to the University, and they were worth a substantial amount," Herndon said.
"The University may accept higher-end gifts-in-kind," explained Terry Peeples, OBU vice president for development. "This is another way to leave a legacy without simply writing a check. People may donate land, stock options, etc. If one chooses to leave stock, and it is transferred directly to a not-for-profit, there is no capital gains tax."
Jim Ed Crittenden says his wife would have wanted him to continue their long-term commitment to Ouachita. In addition to the jewelry and other gifts, he plans to continue funding the Joyce Noel and Jim Ed Crittenden Endowed Scholarship.