Craig Stewart P'93, '98: CIA officer, philanthropy chief, and more

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Craig Stewart is dedicated to educational excellence and helping people achieve their personal best. That's the thread that connects a career that has stretched in several directions—from soldier, to CIA officer, to college dean, to development director at Lakeside School, to trustee and president of Bruce '64 and Jolene McCaw's philanthropic foundation.

After graduating from Middlebury College in 1963, where he went through a Reserve Officers' Training Corps Program (ROTC), he joined the Army as a second lieutenant, spending three years on active duty, including in Korea. He did graduate work in law and public policy, then entered a career training program to become a case officer for the CIA. His work at the agency focused on Southeast Asia, a hot spot in the late 1960s.

He became an employee relations manager with Standard Oil of Ohio and later vice president of university relations at Lewis University, while earning an MA in ethnic studies and a doctorate in higher education. In 1976, Bruce Bailey '59, a fellow Middlebury classmate, told him Lakeside was looking for an athletic director and a physical education teacher. Athletics was a major passion for Stewart and when he and his wife, Val, met Dan Ayrault, then head of Lakeside, they felt an immediate connection.

"The next three years were a whirlwind," Stewart recalls. "Lakeside changed the athletic league we were playing in from single A competing with teams throughout the state to Seattle AA Metro—a move that allowed us to compete locally against schools with substantially more racial and ethnic diversity, which we valued. In addition to a new library and performing arts center the school raised money for a new field house. I also served as director of Lakeside Educational Enrichment Program (LEEP) for two summers. Val taught physical education. Our son Clint was born. The teachers were as talented as they are today. The students were highly motivated. It was an exceptional period of time for our family and the world."

To be closer to family Stewart headed East for a time to work at other schools but Lakeside pulled him back to become development director in 1986. "It was a wonderful 10-year run marred by Dan's untimely and tragic death in 1990. We had an amazing Board and development committee; the alumni and parent volunteer leadership were enthusiastic. I had a development team that was awesome! And both my kids were attending Lakeside."

"During the capital campaign at the time, several trustees, faculty, and some alumni shared with us their commitment to include the school in their estate plans," Stewart says. "This seemed an opportune time to launch the Founders Circle and to honor those individuals and families committed to Lakeside's future. The Board did so in 1993; it was the beginning of the school's planned giving program.

"I was pleased to join the Founders Circle by naming Lakeside as a beneficiary of a current life insurance policy held in my name, a simple thing to do. I since have decided to include Lakeside in my will and have designated this bequest go to the Dan Ayrault LEEP Endowment."

After 10 years of success at Lakeside, Stewart received an offer he couldn't refuse from a mentor and friend. Bruce McCaw '64 and his wife Jolene asked Stewart to oversee their philanthropic interests. "It has been quite a ride," Stewart says. "A centerpiece of our grant-making has been education, which resulted in the creation of Talaris Institute, whose mission is to support parents and caregivers in raising socially and emotionally healthy children. Many organizations in the Northwest, nationally, and internationally have been the beneficiaries of Bruce's and Jolene's generosity."

Stewart has dedicated his life to helping others reach their full potential. "My wish would be that everyone could have the same opportunities and access that I've had," he says. "That's why Lakeside School is so special. I feel deeply indebted to the teachers and coaches and all they have given our family."

A charitable bequest is one or two sentences in your will or living trust that leave to Lakeside School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Lakeside School, a nonprofit corporation currently located at 14050 1st Ave NE, Seattle, WA 98125, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Lakeside or other charities. You cannot direct the gifts.

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Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property, or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Lakeside as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Lakeside as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Lakeside where you agree to make a gift to Lakeside and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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