Planned Giving
Helping Students Today and Tomorrow
W. Sidney Gnann '31 and his wife, Prema '33, were examples of inspiring Christians strongly involved with their alma mater throughout their lives.
Their loyalty and generosity has touched the lives of countless Newberry College students. They helped establish two scholarships: the Walter A. and Hortensia S. Gnann Memorial Scholarship in honor of Sidney's parents, as well as the Summerland Memorial Scholarship. Since their establishment, these endowments have assisted more than 65 scholars. In addition, the Gnanns were contributors to the annual fund drives and capital improvement efforts throughout the years.
Sidney and Prema were members of the President's Club and the Heritage Club, which recognizes donors for their exceptional generosity. They have given a combined total of $850,000, including a recent estate gift of $575,000.
Sidney directed the use of their estate gift to assist in the Speers Street School revitalization project. Their gift will expand the efforts of Newberry College to offer innovative academic programs to future teachers, while providing the ability to reach out to the community.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
