1939

Writing this in mid-August, four more classmate deaths have come to my attention: Sam Dix in late June and Allan Friedlich, Sam Thurm and Herman "Rick" Funke in earlyjuly. Special note should be made of Dr. Friedlich, a nationally acclaimed cardiologist, and Sam Thurm, whose advertising career was so pervasive that trade pzper Advertising Age, named him "Mr. Advertiser." Sam was also class treasurer, 1969-74.

Again having no other classmate news, let me update the status of the Class of 1939 Scholarship Fund. Earlier this year I quoted the fiscal 2005 figures: book value (original gift value) almost $1.2 million and marketvalue more than $2.3 million. The fiscal 2006 figures are now available, and the changes in just one year are dramatic. Book value a lmost doubled to more than $2.17 million, and marketvalue grew to more than $3.6 million.

The major book value increase is mainly due to two large additions: a bequest of $200,000 from the estate of Al Tishman and the matured principal of more than $750,000 from a life income trust that Bill Tomkins had set up in the early 19705. Bill died in January 2006. His trust is an excellent example of the potent benefits of life income giving. He funded the trust with $130,000 of highly appreciated UPS stock and completely avoided tax on the large capital gain. He also received an income tax deduction of more than $65,000, and through Dartmouth's astute investment management, the trust principal grew almost six-fold (from $130,000 to more than $750,000) in the past30-plus years. Bill's income from the trust grew at the same rate.

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