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A Competitive Advantage

Scholarship Recipient Thrives at CC

Jill Tiefenthaler and Jordyn WattsAs a high school student Jordyn Watts '15 faced a tough question that many students must confront: would she attend the college of her choice or settle for something more financially accessible? Although she was academically well qualified Watts worried that her budget would put Colorado College's first-rate education opportunities well out of reach.

Fortunately, Watts' destiny changed when she was awarded two scholarships — the Jay D. Cayton '52 and Betty G. (Saunders) Cayton Endowed Scholarship and The Woman's Club of Colorado Springs Scholarship.

Throughout her ensuing years as an undergraduate, Watts has thrived. She is majoring in neuroscience and minoring in biochemistry and says the research opportunities that she's encountered will position her well for graduate school.

"One of the most rewarding characteristics of a Colorado College education is the interaction students have with faculty," she says. "These relationships have been critical toward determining my future plans and goals."

Watts has worked in the lab of Associate Professor Lori Driscoll '94 with research focusing on behavioral pharmacology. Watts has studied how different compounds influence the nervous system and, ultimately, behavior. Her thesis examines a sub-discipline, behavioral neurotoxicology and she has specifically studied the flame retardant compound polybrominated diphenyl ethers (PBDEs). She will ultimately pursue a Ph.D. in behavioral neuroscience.

"Without the financial aid I received from the Cayton Scholarship and The Woman's Club of Colorado Springs there is no chance I would have been able to attend Colorado College or any other school that could have prepared me as well," Watts says. "I feel like a competitive applicant for my preferred graduate programs because of the experiences I've had at CC."

A Love of Learning — Cayton Scholarship Perpetuates Education Excellence
Half a world away from Colorado Springs in New Zealand, Peggy Cayton talks eagerly about her late parents, Jay '52 and Betty Cayton — and Jordyn Watts '15, who is finishing her senior year at Colorado College.

The common thread that links Peggy, her parents, and Jordyn is the Jay D. Cayton, 1952 and Betty G. (Saunders) Cayton Endowed Scholarship, which Jordyn was awarded when she enrolled at CC in 2011.

"Jordyn is so well rounded and she has really been able to grow and broaden her mind at Colorado College," Peggy says. "My parents would have appreciated knowing how well she has done academically while having their scholarship."

Peggy's father, Jay, grew up in a single-parent home during the depression and money was scarce. Later in life, when Jay was a student at Colorado College, he was helped by many people in the Colorado Springs community. Assistance from others and a lifelong appreciation for education that he shared with his wife, Betty, led to the couple's decision to establish a scholarship.

After completing his bachelor's in zoology at Colorado College, Jay held a number of positions including managing a construction company, owning a hardware store, and for 20 years serving as principal of a Northglenn primary school. A park adjoining the school bears his name. Betty was a homemaker until 1963 when she decided to take a step outside the norm and challenged herself to obtain a bachelor's degree from the University of Colorado, Denver. She served as a teacher at Northglenn for 15 years.

"My parents both loved learning" Peggy says. "It's important for their names to be associated with this scholarship and for their story to be told."

Peggy and Jordyn have had the opportunity to meet with one another and they talked about Jay and Betty. Peggy gave Jordyn Watts pictures of her parents, biographical information, and told her about their passion for education in Colorado.

Coincidentally, Jay and Betty Cayton attended Colorado Springs High School, which today is Palmer High School — the same school Watts attended.

"I was honored to receive the Cayton Scholarship, particularly after meeting Peggy and learning more about the legacy her parents are passing down to Colorado College students," Watts says.

The Cayton Scholarship was funded by gifts from Jay and Betty and by their realized bequest to Colorado College. Their contributions were matched by a challenge grant from the Walton Family Foundation, an incentive that Peggy calls "phenomenal."

Read more donor stories.

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A charitable bequest is one or two sentences in your will or living trust that leave to Colorado 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, [name], of [city, state, ZIP], give, devise and bequeath to The Colorado College, City of Colorado Springs, County of El Paso, State of Colorado, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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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 CC 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 gift 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 receive an immediate federal income tax charitable deduction. 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 CC as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 CC 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 CC where you agree to make a gift to CC 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.

Deferred Gift Annuity

You can defer your payments until a later date that you specify.

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Flexible Deferred Gift Annuity

You choose a time range in which to begin receiving payments.

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