Benjamin Silliman: The Gift Planner Behind the First Modern Charitable Annuity - Part I
Summary
In 1830 American artist John Trumbull offered his best paintings of the American Revolution to Yale College in exchange for a life annuity. Unfortunately, Yale had neither the money with which to make the annuity payments or construct what would be the world's first college art gallery to display them. In this essay, planned giving historian Ron Brown chronicles how Benjamin Silliman, NY attorney Peter Augustus Jay, and others then went to work inventing modern gift annuity agreements, arranging for public and private financing, and overcoming donor relations challenges to complete the gift.
Full Text:
Benjamin Silliman: The Gift Planner Behind the First Modern Charitable Annuity [PDF]
For further reading, visit GiftPlanningHistory.org
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