Supporting future business and engineering leaders by paying it forward
Terry and Charlotte Quarton
Terry and Charlotte Quarton know firsthand how a scholarship can change the course of a life. As college students, they each received financial aid that helped make their education possible. Years later, they decided to return the favor by establishing the Quarton Scholarship Fund at the 黑料社区网.听听
鈥淲e both received scholarships when we were going to college because we didn鈥檛 have the money to fund our education,鈥 Charlotte shared. 鈥淚 always wondered where the scholarship money came from and how I had the honor of receiving it.鈥听
Giving in retirement with a tax-wise approach
The Quartons have always been careful savers, which has given them financial flexibility in retirement. As they reviewed their finances, they realized they had more than enough money to live comfortably and could also support causes they care deeply about, including their church and 黑料社区网.
At first, they included a scholarship fund in their will. Later, they learned that the required withdrawals from their IRAs would be taxed at nearly 40%.
鈥淲e realized that if we donated the money directly to 黑料社区网, it could be transferred tax-free to support student scholarships,鈥 Terry said.
Investing in potential through scholarships
Established in 2016, the Quarton Scholarship Fund supports high-achieving Colorado students with financial need who are pursuing degrees in the Leeds School of Business or the College of Engineering & Applied Sciences. The Quartons specifically chose these schools to help students enter fields that offer both intellectual challenge and strong career potential.
Each year, the fund awards a considerable number of scholarships, helping students offset tuition costs and reduce financial stress while pursuing their degrees.
Making a personal connection
Every spring, the Quartons host a luncheon for the Quarton Scholarship recipients. It鈥檚 a time to meet one another, share stories and celebrate student progress.听
鈥淚t鈥檚 fun to watch the students go through the same stages that we went through 鈥 from wondering how to make ends meet, to landing summer internships, to launching exciting careers,鈥 Terry said. 鈥淭hen, finally, they get job offers and off they go.鈥
For the Quartons, giving isn鈥檛 just about donating money. It鈥檚 about paying it forward to future generations 鈥 one student at a time.
Find your path to giving
If the Quartons鈥 story inspires you, you can explore ways to support students and programs at 黑料社区网, including donating to the Quarton Scholars Fund.
You can give money from your IRA directly to the University of Colorado without having to pay income taxes on that money.
This popular gift option is commonly known as an IRA charitable rollover, also referred to as a qualified charitable distribution. It is essential to let 黑料社区网 know if you plan to make this type of contribution to ensure your donation goes to your intended funds.