The Carefully-Crafted Estate Plan of Mrs. Elise Reeder OltonMay 23, 2016 -
Dedicated Della Robbia wreath customer included Boys Republic in estate.
In a world beset with seemingly limitless need on the one hand and ever-more-limited resources on the other, charitable givers are interested in seeing that their philanthropic dollars are placed where they will do the greatest good. One of the key issues, as most donors see it, lies in what portion of their donations will be lost to fund raising and administrative costs.
Such was the case when Mrs. Elise Reeder Olton contacted Boys Republic in 1995. By then, Mrs. Olton had already established a long, generous tradition of support with Boys Republic. She was both a dedicated Della Robbia wreath customer frequent contributor to the agency’s annual appeal. Her yearly correspondence demonstrated that she appreciated and understood the basic tenets underlying Boys Republic’s approach to working with troubled teenagers.
“We sent Mrs. Olton a copy of our annual report and fund-raising revenue/expense figures from our IRS Form 990. These showed that an average of 92.3% of the funds donated to Boys Republic over the previous three years had been applied directly to the programs for the teenagers in our care,” said Development Director Jerry Marcotte. “We wish that every donor would take the time, as Mrs. Olton did, to inquire about charity overhead expense.”
Born in 1918, Elise Eileen Reeder spent most of her life in San Francisco and Los Angeles. She attended the prestigious Marlborough High School in Southern California. Mrs. Olton became a frequent world traveler and consummate collector of fine art. Her extensive jewelry collection exhibited a refined taste for design and quality.
One of her favorite phrases was “for the love of a child.” She included Boys Republic, along with five other youth-serving organizations, in her carefully-crafted estate plan. Her $3.6 million bequest to Boys Republic was made in memory of her late son, Cary Walsh Allmand, and has been placed in the agency’s endowment fund.
“Our friendship had spanned more than three decades by the time Mrs. Olton passed away in 2013. She took great care in planning her estate. And just as we might watch over a favorite investment, she continued to monitor Boys Republic well after she had included us as a beneficiary. We are fortunate to have had her friendship and to be among the youth organizations she chose to support,” said Mr. Marcotte.