Paul Lojpersberger, B'56
Having lived in Western Pennsylvania for ten years, Paul was well aware of Duquesne University and its reputation for academic excellence. After two years at a college in North Carolina, he returned home to complete a degree in business administration at Duquesne. At the time, Duquesne's basketball team was coached by Dudey Moore, who gave Paul the opportunity to practice with the Dukes. The next day, he was a member of the 1955 team that won the National Invitational Tournament (NIT).
A few years ago, Paul and his wife Joan decided to establish a Charitable Remainder Unitrust (CRUT), which they say, "has been one of the best decisions we ever made." The CRUT was funded with highly appreciated stock. They benefited by receiving a lifetime income and a charitable deduction, avoiding capital gains taxes and removing the stock from their probate estates. Duquesne University will receive a share of the CRUT following their deaths.
Asked why he and Joan made such a gift, Paul replied, "Duquesne University is a great school—they were good to me and provided me with a wonderful education. Duquesne's faculty, staff and administration work hard to enhance and strengthen the Catholic faith, which is important to me."
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