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<\/figure>\n\u201cI\u2019m forever indebted to Bates for allowing me to attend a small, liberal arts college. I am grateful for the financial support and happy to repay that debt from over 50 years ago,\u201d he reflects. “My 50th Reunion seemed the perfect time to set it up.” <\/p>\nKen Johnson ’71<\/cite><\/blockquote>\n<\/div><\/div>\n\n\n\n
At Bates Ken dove into his math, physics and chemistry classes, while also exploring the humanities, eager to learn as much as possible. After graduating, he headed straight to the University of Minnesota to earn a Ph.D. in physical chemistry. In 1978 he landed a position at IBM in Rochester, Minnesota, where he worked until 1993 in the hard-disk drive field, designing and improving the spinning disks that magnetically store the data for our computers.<\/p>\n\n\n\n
\u201cI applied all of my science education to these evolving technologies, and contributed to unbelievable technological advancements in my career\u2014from huge round disks to much smaller ones that populate \u2018the cloud,\u2019 just an amazing acceleration of innovation and invention.\u201d<\/p>\n\n\n\n
When IBM consolidated the disk drive mission to San Jose, California in 1993, he moved with them and has loved living in California for the past 28 years. Ken credits Bates for preparing him for a financially successful career, and equally important, to be a good citizen. So when he learned about a Charitable Remainder Unitrust (CRUT), a type of life-income gift, he decided the time was right.<\/strong><\/p>\n\n\n\n
\u201cIt seemed a perfect time to contribute. The stock market is strong, I had saved enough money to work with, and the cap on deducting charitable donations had been temporarily lifted. This particular form of gift serves as an investment for me, similar to buying a bond at 5% interest. <\/strong>So it helps during my life, and when I\u2019m gone, it will allow a young person to receive a great education\u2014just like I did. I would love to help an incoming student major in chemistry at Bates.\u201d<\/p>\n\n\n\n
Ken is excited about the new science center and focus on equity in STEM learning underway at Bates. It\u2019s clear that he puts his faith in the next generation, and sees an imperative in ensuring they are well educated. He\u2019s already set up 529 plans for his four grandchildren, ages six, four, three and one because, as he cheerfully notes, \u201cYou can never start investing too early!\u201d<\/strong><\/p>\n\n\n\n
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