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Joseph Lee Heywood Society Newsletter 2023

Striving Toward Success

Like those of you who are thoughtfully planning ahead to support Carleton's future, the college has also been busy looking to the future. As we continue to prioritize increasing financial aid resources, this year we also launched Carleton 2033, a strategic plan focusing on building a community of belonging, advancing the liberal arts, and expanding Carleton's reach. And we broke ground on our Student Life and Housing Plan, which will modernize independent living options for students, increase programming space for cultural organizations, and construct a brand-new home for our Student Health and Counseling center.

Both of these multiyear plans will benefit the college and its students for generations to come. We are grateful to know that you, as a member of the Joseph Lee Heywood Society, are our dedicated partners in striving for success.

Thank you for helping to sustain our community!

Every Heywood member has expressed a special measure of confidence in the future Carleton. You have utilized planned gifts to support the highest priorities of the college, supporting our top-quality students and faculty and the excellent liberal arts education that we offer. Thanks to you, Carleton will continue to have the resources to evolve, adapt, and stay true to its mission and values."

—President Alison Byerly P ’15

An Emotional—and Logical—Connection

As a kid playing touch football behind the endzones of Laird Stadium while the Knights charged down the field or wandering around the school’s bookstore, Steve Obaid ’73 felt like Carleton’s campus was an extension of his own backyard.

Steve Obaid ’73 and Camilla Madson

His parents and his maternal grandparents had all graduated from Carleton. His father, Professor Antonio Obaid ’41, grew up in Chile but won a scholarship to spend his senior year of college either in London or Northfield—and with England at war, he chose the peaceful town of cows, colleges, and contentment.

“He fell in love with campus right away, and he knew from the very beginning that if there were any chance, he wanted to stay here,” Steve said.

And he did, eventually joining the faculty and teaching Spanish and Russian. He married Dorothy Peterson Obaid ’42, who worked as a secretary to presidents Laurence McKinley Gould, John Nason ’26, Howard Swearer, and the Board of Trustees, before editing the Carleton College Voice for several years. Together, Steve’s parents had a combined 48 years of service to Carleton.

With all that history, initially Steve thought he’d be better off starting fresh somewhere else and began his college career in Wisconsin. But the campus that had enticed his father drew him back as well, and Steve started his sophomore year as a Carl, eventually declaring a biology major.

“When I look back, I think about what a wonderful preparation Carleton’s liberal arts education was,” Steve said. “Science is important to medicine, but being human as a physician has an importance that became more and more evident as I went along in my career.”

Steve’s connection to Northfield deepened a few years later when he married Camilla Madson, a fellow “townie” and second-generation St. Olaf College graduate. The two raised their family in the Twin Cities, but Northfield and its colleges stayed dear to their hearts. It was only right, Steve says, that early on he began a habit of contributing to the Alumni Annual Fund. And as his milestone reunion approached, he began thinking of doing something more substantial.

“Steve’s decision to support Carleton is emotional—he believes in Carleton,” Camilla said. “I participate more ‘cerebrally,’ I suppose—I’m aware that not one of us who has attended college has paid full freight. Every year there are students who need scholarships. I don’t have the same history with Carleton as Steve does, but I think people can make these decisions with a combination of emotion and reason. And students are the beneficiaries.”

Because financial aid felt important to Steve and Camilla, they decided to document a will provision that would fund more than they would have been able to give outright. They allocated a portion of their gift to the Class of 1973 Endowed Scholarship and a portion to the class’s Stay the Course Fund, and left a portion unrestricted, which will eventually be put toward the college’s top priorities.

Steve and Camilla also dedicated a large portion of their planned gift to increase the Antonio H. & Dorothy Peterson Obaid Endowment Fund for Campus Beautification, a fund started by Steve’s parents in 1985. These resources help preserve Carleton’s beauty and charm, welcoming generations of students and sparking that special connection Steve and his father each felt many years ago.

“I’ve always felt like Carleton does things the right way,” Steve said. “My hope with this gift is that Carleton can continue what it’s been doing for years.”

The 2023 Heywood Society Presentation

Sitting within a larger landscape of efforts to foster dialogue across differences in the campus community, "Civil Discourse in a Troubled Age" is now part of Carleton's regular academic offerings. Developed by professors Chico Zimmerman and William North and associate dean of students Sindy Fleming, the class was designed to engage students in conversations that often become uncomfortable.

News & Numbers

New Annuity Law and Interest Rates Create an Opportunity to Give and Save

The Consolidated Appropriations Act (CAA) of 2023 allows a one-time distribution of up to $50,000 from your IRA to create a charitable gift annuity (CGA) for those 70½ or older. Your gift may count toward your Required Minimum Distribution (RMD) but does not count as income for federal income tax purposes. The annuity is payable for life and/or the life of your spouse, and you cannot outlive the payments.

Also, interest rates on CGAs have increased this year, which means you get a bigger return on your gift. You can find a current interest calculator on Carleton's website. As always, please feel free to reach out if you would like to learn more about how to support the college through a CGA. We also recommend donors consult a qualified advisor before making a new gift commitment.

Planned Giving Introduces Webinar Series!

The Office of Planned Giving has introduced a series of webinars designed to advise potential donors about the various giving opportunities and how they might work for you. Topics include wills and beneficiaries, qualified charitable distributions (QCDs), and real estate. Look for an announcement about our next webinar coming in late September!

Thank you for your commitment and generosity! If you have any questions, please feel free to contact the college's planned giving team at planned-giving@carleton.edu or 507-222-4480.