PORT ANGELES — The Peninsula College Foundation is the recipient of a gift of more than $17,000 to go toward an endowed scholarship for students majoring in mathematics or engineering.
The money is from the Clallam Community Foundation administered by United Way of Clallam County.
The gift, totaling $17,323.22, is from a charitable gift annuity established by the late Helen Miller of Sequim, who died in March.
At the time the annuity was established, it was Miller’s intent to create a charitable remainder trust through United Way to benefit an endowed scholarship at Peninsula College, named the Richard A. & Helen M. Miller Endowed Scholarship Fund, the foundation said.
The contribution is shy of the $25,000 minimum required to fund an endowed scholarship, said Getta Rogers, Peninsula College Foundation development manager.
But the gift will be kept intact and continue to grow through investment earnings and contributions from other donors who share Miller’s vision.
United Way offers charitable gift annuities, with the final distribution to Clallam County charitable organizations such as Peninsula College, as a service to the community, said Jody Moss, United Way executive director.
In a charitable gift annuity, a donor makes a gift of cash or property to a charity in exchange for a partial tax deduction and income over the life of the annuity contract.
At the end of the contract, the remainder of the gift can be used by the nonprofit beneficiary as directed by the donor.
Helen Miller and her husband, Richard, were married for 37 years and lived in the Sequim area for several years following their retirement.
He worked for Sundstrand following his graduation from the University of Washington, and she worked as an administrative assistant for several Seattle law firms.
Her husband had preceded her in death.
For more information about the Peninsula College Foundation, contact Rogers at 360-417-6400 or Foundation@pencol.edu.
For more information about the Clallam Community Foundation, contact Moss at 360-457-3011 or jody@unitedwayclallam.org.
