Briefly in the news

One of Orange Coast College’s original professors has presented the

college with a $100,000 gift.

Retired history professor Giles Brown, who started at OCC when the

college opened its doors in 1948, packaged his donation in the form of a

charitable gift annuity, which is a financial gift that provides the

donor with an annual rate of return between 10 to 20% based on their

age.Upon Brown’s death, the rest will go to the school’s foundation for

an endowment.

The Charitable Gift Annuity Program is a new offering of the school’s

foundation through the assistance of the Community College League of

California. Donors are provided with tax-free income, tax deduction

savings and capital gains tax savings.

OCC is only the third community college in the state to receive such a

gift. Brown has now contributed gifts exceeding $200,000 to the

foundation.