A Fund of One’s Own: Why Peter Fahey Likes Dartmouth Donor Advised Funds
Peter Fahey ’68 Th’70 has served as Dartmouth trustee, Campaign for the Dartmouth Experience co-chair, chair of the Dartmouth College Fund Committee, and Dartmouth-Hitchcock Medical Center trustee. He currently serves on the Thayer School of Engineering Board of Advisors. He and his wife, Helen, have given to Scully-Fahey Field, Fahey Hall, MacLean Engineering Sciences Center, the Dartmouth College Fund, and the Thayer Annual Fund. Here, he described why the Donor Advised Fund is such a good choice.
In His Own Words
I went on my freshman trip in the fall of 1964, and fell in love with Dartmouth my first day there. I was on the basketball and track teams and a member of Phi Delta fraternity where I ended up being president. I majored in chemistry but took enough engineering courses that I went on to get a master’s in engineering in 1970.
Dartmouth Donor Advised Fund
I was a conservative all-American boy in high school, and Dartmouth taught me the importance of having fun. To get the education that I did and play sports and be in a fraternity and have fun doing it all was a great inspiration for me. To this day, having fun with great friends remains an important part of my life.
For a period when I was working on Wall Street, I didn’t have much time to devote to the College. But at some point I began making money—and received visits from two fine Dartmouth development people who educated me on how dependent the College is on alumni giving. As an undergraduate I’d been totally unaware that alumni supported my education. After those visits, though, I started to become a major contributor.
Anyone interested in supporting Dartmouth over the long term should consider creating a Dartmouth Donor Advised Fund. Essentially it represents a piggybank that allows you to support Dartmouth causes as they present themselves. You can donate appreciated stock, which can have tax advantages for you, and your money is managed alongside the Dartmouth endowment, which typically produces higher annual yields than you can achieve on your own.
I support Dartmouth for the affinity and gratitude I feel for the place—for the experience I had and my children had. All four of them went to Dartmouth. When you spend time on campus and see how extraordinarily talented the students are, you realize that these are people who are going to have an impact on the world over the next fifty years. By supporting them, you’re projecting talented people into the world who are going to make it a better place. That’s pretty gratifying.