Charitable Gift Annuity

Donor 1

Hailing from Long Island, the late Kurt Loesch ’43 entered Peddie in 1941 as a junior. With a passion for community service, Kurt immediately volunteered at the Hightstown YMCA as well as with the school's Stamp Club and PTA. After graduation, Kurt served in the U.S. Army before entering Colgate University. Over the course of a lifetime, the manufacturers' representative was named the California State Volunteer of the Year and received the California State Historical Society Award of Merit.

Kurt and his wife, Betty, were consistent donors to the Peddie Fund for many years until they decided to move forward with a more permanent gift in 2001. Kurt established eight charitable gift annuities over a period of 10 years; he gave a total of $1,000,000, a record amount at Peddie. Betty (and Kurt, until his passing in March 2013) now receives payments, partially tax-free, for her lifetime. Eventually, Peddie will use the funds for The Betty and Kurt Loesch '43 History Endowment, The Betty and Kurt Loesch '43 Arts Endowment and for Peddie's general purposes.

"I feel that I am one of the lucky ones, and I am proud of having been a part of the Peddie experience," said Kurt.