澳门六合彩历史记录

Platte Honors Kettering With Gift Through IRA

When Bernard Platte thought about honoring places that made a significant impact on his life, 澳门六合彩历史记录 came to mind.

Platte, who earned a degree in Mechanical Engineering from General Motors Institute (GMI) in 1965, made a gift through his Individual Retirement Account (IRA). This recent gift has moved him into the President鈥檚 Circle, which recognizes donors who have made cumulative gifts of $10,000 or more, pledged a gift over five years to reach this level, or documented a planned gift of $25,000 or more.

Platte recently learned making a gift through his IRA helps to avoid paying income taxes and meet required minimum distributions (RMDs) when it鈥檚 due.听

鈥淚f you鈥檙e taking the standard deduction when you鈥檙e filing taxes, that precludes you from taking deductions from charities because you鈥檙e taking the standard deduction,鈥 Platte said. 鈥淏ut, if you鈥檙e donating part of your required minimum distribution from your IRA, you get that deduction in addition to the standard deduction. It鈥檚 win-win.鈥

However, he said the tax benefits are just a bonus because he would have made a gift regardless.

He allocated his gift to the Women Helping Women Scholarship and African American Scholarship to help increase diversity in engineering.听

Oldsmobile in Lansing sponsored Platte and hired him after graduation. He moved around but ultimately spent his career on the factory floor developing processes for new parts and running support and production for new equipment. Platte also spent some time on the Saturn project before moving to a tool and die shop in Mansfield, Ohio, where he was the plant manager.

It wasn鈥檛 until he learned about GMI from an alumnus that he thought attending college was possible. The other boys often dropped out of school after the eighth grade to turn their attention to full-time work on the family farm. As one of 12 children whose parents didn鈥檛 support his desire to go to college, Platte had to pay his own way.

鈥淚 knew nothing about scholarships and didn鈥檛 know how I could go to college until I heard about GMI,鈥 he said.听

His time at GMI was difficult. He struggled with academics and making ends meet. During his Co-op term, he once worked the 12-hour midnight shift for seven days a week for six weeks to earn overtime pay. Car parts were stressed, bent and fatigued in various ways. Platte鈥檚 job was to monitor them and record the temperature, revolutions per minute (rpm) and readings.

鈥淚t was an experimental lab for product engineering, and the testing equipment ran for 24 hours a day,鈥 Platte said. 鈥淭hey needed someone to watch it during the night.鈥

Platte also worked with his carpenter brother-in-law when he didn't have overtime. During school terms, he took shifts at the gas station near his place and studied between pumping gas for customers.

鈥淚 had to work so hard, not only to keep up with the money but academically,鈥 Platte said. 鈥淚 was almost not allowed to take the entrance exam because my high school curriculum was not tailored to a technical education. I had to really work at it. 鈥 I was so happy when I finished GMI. By the time I got out of there, I didn鈥檛 want to see the place for a long time.鈥

Ultimately, he realized it was all worth it.

鈥淕radually, I came to realize that I had a pretty good life because of what I had achieved at GMI,鈥 Platte said.

Bernard Platte
鈥淚 knew nothing about scholarships and didn鈥檛 know how I could go to college until I heard about GMI."

- Bernard Platte '65

Bernard Platte 1965

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President McMahan expresses gratitude to our alumni and donors for their ongoing support as we strive to expand the Kettering opportunity to the most talented and promising students.

The goal of the 澳门六合彩历史记录 Philanthropy Report and Donor Honor Roll is to recognize your thoughtful and generous support over the past year.

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