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The Catholic University of America

A Life of Service

A Commitment to Give...

Mary Snedeker

Mary Snedeker ’66 has provided generous gifts to support Catholic University and its students.

If, as Saint Augustine wrote, “The world is a book, and those who do not travel read only a page,” Mary and Tom Snedeker have read hundreds of thousands of books and filled several passports besides. The couple, at ages 91 and 102 respectively, have traveled together on almost 20 world cruises, seeing and experiencing every corner of the world.

This experience has solidified their strong desire to support “good and important causes” like their schools, which is why the couple are longtime benefactors of the Catholic University School of Nursing, where Mary earned her M.S.N. in 1966. Drawn to the University despite not being Catholic, Mary loved her time on campus, “especially the nuns.”

Mary grew up on an Indiana farm with her aunt and uncle; she lost both her parents to a flu epidemic when she was just 3 years old. She arrived at Catholic University after a stint as a military nurse. Tom is also a retired military officer; the two met in the officers’ club in Philadelphia after the Army/Navy football game. They were married during their time in Washington, D.C., while Mary was a nursing student and Tom was a government engineer.

Mary and Tom have enjoyed visiting with Catholic University President John Garvey at their home in Florida. Mary especially enjoys her personal communication with Patricia McMullen, dean of the School of Nursing. Dr. McMullen enthusiastically shares the good Mary’s generosity provides for the program. Because she currently receives most of her own care from a nurse practitioner, Mary is especially interested in helping nurses prepare themselves to follow this educational path.

Beginning in 2007, Mary has created seven charitable gift annuities to benefit the school, with a combined value totaling close to $800,000. Such gift annuities are uniquely mutually beneficial because they ensure annual income for life for the donor while simultaneously offering committed support for the University.

With this goal and Mary’s background and interests in mind, the establishment of the $1.5 million Mary Snedeker Military and Veterans Nurse Practitioner Endowment will directly address the need for more qualified providers for the growing population of elderly veterans. Mary’s generous bequest will enhance and continue the legacy and collaboration between Catholic University and the U.S. Department of Veterans Affairs.

Create a Lasting Impact

Your generosity can have a lasting impact on Catholic University. Contact Isabel de la Puente at 202-319-6914 to learn about your giving options.

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A charitable bequest is one or two sentences in your will or living trust that leave to The Catholic University of America 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 The Catholic University of America, a nonprofit corporation currently located at 620 Michigan Avenue, NE, Washington DC 20064, 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 Catholic University or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

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 Catholic University 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 Catholic University 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 Catholic University where you agree to make a gift to Catholic University 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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