Former Faculty Member and College Trustee, Fulton Wright Looks to the Future of Prescott College with Planned Giving.
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"Through a Long Lens"
Physicist and amateur astronomer Fulton Wright views the visionary style of education offered by Prescott College through a long lens. He came to Prescott College in 1969 to participate in an “educational experiment,” as the College was widely touted in the press at that time, leaving behind a three-year postdoctoral position at MIT’s Education Research Center.
At MIT he was responsible for creating five-minute, classroom-ready experiments for college physics courses. At Prescott College he taught physics, math and other hard sciences at the original campus, now the Prescott branch of Embry Riddle Aeronautical University. Although in 1975 Fulton went on to teach computer science, physics and astronomy at Yavapai College, he remained committed to the vision of Prescott College, serving on the Board of Trustees for 16 years.
He has continued to support the College with generous financial gifts, most recently through a Charitable Remainder Trust (CRT). Fulton has designated a particular asset as a future gift to Prescott College. Ownership of that asset has been transferred to the CRT for a specified period of time, after which it will be transferred to the school.
“I was initially drawn to Prescott College for two reasons: a focus on the outdoors and the environment and the experimental nature of its educational endeavor,” he said. “Through the years I have remained enthusiastic about the self-directed philosophy of education here.” “When I was planning how to deal with my money after I died, I was advised that this was a good way to disperse my wealth,” he continues. “It’s certainly an option I would suggest to anyone interested in supporting Prescott College, or any institution, for that matter. The benefits are excellent.”
This type of instrument protects donors from capital gains taxes upon sale of the asset and provides an immediate tax deduction, even though the gift will not technically be made until a later time. Since the property contained within a CRT is no longer part of an estate, it is not subject to probate.
Although Fulton retired from Yavapai College in 2000, he’s still a lively presence in the community as a member of the Prescott Astronomy Club and as an upright bassist in the Prescott Strings classical music string orchestra.
“I was initially drawn to Prescott College for two reasons: a focus on the outdoors and the environment and the experimental nature of its educational endeavor.”