The Register-Herald, Beckley, West Virginia

Life!

February 10, 2013

Donor's spirit of philanthropy continues

BECKLEY — Warren Ashby Thornhill III cared about his community. Following his death on Jan. 2, 2013, there were many acknowledgments regarding his spirit of philanthropy.

 He is remembered for the time he took away from his law practice to raise funds for our YMCA building. He was one of the original incorporators of the Beckley Area Foundation and served as the second president of its Board of Directors. He chaired a United Way Campaign, taught Sunday school at Beckley Presbyterian Church, served on the board of Davis-Stuart Children’s Home, received the Spirit of Beckley award, was president of the Raleigh County Bar Association and served on the Carter Family Foundation Advisory Board.

During the 27 years that Thornhill provided leadership for BAF either as a board member or as an attorney, he and his family established 11 permanent endowments at the Foundation. Fifteen years ago, he made arrangements which have now provided more than $250,000 for a 12th BAF endowment, the Warren and Carol Thornhill Discretionary Fund.

William Kinder, a local insurance agent, related the circumstances: “In 1997, I had a meeting with Warren to review some estate planning issues, and in the course of the conversation, he indicated that he had named the Beckley Area Foundation as beneficiary of his retirement plan. He was a year away from having to start taking required minimum distributions from his retirement account, and since those distributions would lower the account value, there would be a reduction in the amount BAF would receive upon his death.

“I then suggested that he instead use those required minimum distributions to purchase a $500,000 life insurance policy which would be owned by the Foundation and funded by tax-deductible gifts equal to his required minimum distributions.”

“Thanks to this strategy, even though as the years went by and his retirement fund was reduced to approximately $50,000, upon his death the Foundation received an additional $500,000 from the life insurance.”

“If Mr. Thornhill had not had the foresight to do this planning, his generosity would have directed $50,000 to be divided among several permanent BAF endowments. However, because of these advance arrangements, BAF will receive a portion of a much larger $550,000 legacy gift.”

In the many years he worked with the Beckley Area Foundation and the Carter Family Foundation, Thornhill came to understand the value of having significant sources of unrestricted charitable funds that could be used to address changing needs in the community. The income generated from the new Warren and Carol Thornhill Discretionary Fund can be pooled with money from other unrestricted funds and used for major special projects and to respond to the Foundation’s annual community grant program.

The remainder of this legacy gift will be apportioned and added to the Tomlinson Endowment for the YMCA of Southern West Virginia, the Beckley Presbyterian Church Endowment, the Word-Connor Administrative Fund, the Ashby Thornhill Memorial Law School Scholarship Fund, the Carolyn Bishop Thornhill Scholarship Fund, the Estelle Myers Thornhill Scholarship Fund, the Katherine Thornhill Scholarship Fund, the Lynn Thornhill Scholarship fund, the Warren Thornhill Law School Scholarship Fund and the Clarence and Eleanor Hepler Bishop Memorial Fund.

“I hope that the citizens of Raleigh County will join our staff, the current and former members of the BAF Board of Directors, and dozens of local charitable organizations in expressing our appreciation for the generosity of Warren Thornhill and his family,” commented Michael Caven-dish, chair of the BAF board. “Contact your financial advisors if you are interested in making arrangements for a similar legacy gift.”

Anyone may make a contribution in any amount to this fund. The gifts will be invested and the income will be used for good, forever.

Make checks payable to BAF-Thornhill Discretionary Fund and mail to Beckley Area Foundation, 129 Main St., Suite 203, Beckley, WV 25801. Call 304-253-3806 for more information.

1
Text Only
Life!
  • momrun Just do it W.Va.!

    “Missy’s here — we’re not going to win. Missy’s here…”
    Learning she was a perceived threat from two women whispering at the starting line behind her, women she had never met from among the hopping, stretching, Lycra-clad crowd, had one effect on Missy Burleson — a smile spreading as far as her feet were about to sprint her.

    April 16, 2014 5 Photos

  • living will 1 Decision day

    Pastor Roger Pauley and his wife Marcia were — like so many other baby boomers — charged with the responsibility of making decisions for their aging parents. For the pastor’s father, death was sudden.

    April 13, 2014 2 Photos

  • BAF approves community grants

    Beckley Area Foundation Board of Directors has approved $160,737 to fund forty-four projects throughout Raleigh County between April 2014 and March 2015.

    April 13, 2014

  • Carnegie Hall in Lewisburg unveils upcoming events

    Carnegie Hall in Lewisburg has a variety of events planned for the spring and summer.

    April 13, 2014

  • Singer named an Outstanding Young American

    President Bill Clinton, Elvis Presley, Wayne Newton and General Chuck Yeager have one thing in common, they are all past recipients of the United States Jaycees Ten Outstanding Young Americans award. For over 75 years, the United States Junior Chamber (Jaycees) has recognized the 10 young men and women – under the age of 40 – who best exemplify the highest attributes of the nation’s emerging generation. The U.S. Jaycees is pleased to name West Virginia’s own Landau Eugene Murphy Jr. to the 2014 Ten Outstanding Young Americans who will be honored at the 76th annual black-tie awards ceremony – to be held June 28, 2014, at the BWI Airport Marriott Hotel in Baltimore, MD.

    April 13, 2014

  • alderson americorps Alderson Main Street welcomes its new Americorps member

    The members and friends of Alderson Main Street welcomed their new Americorps member, Lynda Howe, at its recent monthly meeting.

    April 13, 2014 1 Photo

  • Tractor pull event coming to State Fairgrounds in May

    The West Virginia Grand Nationals N.T.P.A. Championship pulling event debuts at the State Fair Event Center in Lewisburg Memorial Day weekend.

    April 13, 2014

  • Djembes Drumming workshop to be held

    The New River Community and Technical College Office of Workforce Education is sponsoring a Djembes Drumming workshop on Tuesdays for six weeks beginning April 29.

    April 13, 2014

  • Learn basic sewing at NRCTC

    The New River Community and Technical College Office of Workforce Education will offer a basic sewing class in Lewisburg in May.

    April 13, 2014

  • floral painting GVT to showcase work of Genevieve Sowards Gillen

    Greenbrier Valley Theatre is exhibiting the art and photography of Genevieve Sowards Gillen during April. Her pieces are on display in the theatre foyer: three pastel, four acrylic, and a number of photographs on stretch canvas.

    April 13, 2014 1 Photo

AP Video