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Dr. Paul and Alice Peterson Also Benefit from Gifting Stock

Dr. Paul and Alice Peterson Also Benefit from Gifting Stock
Longtime Palmer College board member and alumnus, Paul Peterson, D.C., Davenport '67, and his wife who is also an alumna, Alice Peterson, C.T., '75, understand the importance of helping the chiropractors of tomorrow in whatever way they can.

Dr. Paul Peterson grew up on a small farm in western Iowa. His first experience with chiropractic began when he asked his father to take him to a chiropractor to possibly help his vision impairment. Dr. Peterson's vision improved some, but he also began to notice other benefits.

While visiting Palmer College when his older brother was a student motivated him to apply. "Because of my low vision, Palmer College did not have to accept me as a student, but I'm extremely thankful that they did," says Dr. Peterson, who graduated as valedictorian of his class. "This education combined with my own hard work ethic and good business sense, has rewarded me with a marvelous career with opportunities and wealth beyond my dreams."

Grateful to Palmer and the education he received, he had decided early on to give back to his profession and especially to the College. "Alice and I are founding members of both the Presidents Club for Palmer's Davenport and San Jose Campuses and also the Heritage Endowment Society. We have also contributed to all capital campaigns," says Dr. Peterson. "In addition, we have established three permanently endowed scholarships for Palmer students." Those endowed funds are currently being awarded to promising young chiropractors.

"Most often we fulfill our pledges by donating appreciated stock," Dr. Peterson shares. Not only are the Peterson's supporting the mission of Palmer College, but they, too, benefit from gifting stock.

Gifts of stock must be held for more than 12 months. The full value of the stock can be taken as an income tax deduction, and there are no capital gains taxes to pay. Making a gift of stock is easy, simply call your stock broker or account administrator, specify which stocks you want to give and/or how much you want to donate, and then the number of shares needed will be transferred to Palmer College. Palmer, in turn, will send a gift acknowledgement.

In their appreciation, Dr. Peterson says, "Alice and I feel that it is most important for us to give back to our alma mater to keep it strong, and also to keep the student tuition as low as possible. My chiropractic license is no better than the current prestige of Palmer College of Chiropractic."

Palmer College is thankful for generous alumni like the Petersons, whose contributions help students continue along their paths to becoming successful chiropractors.


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