One word that Steve Peters, JD’76 would use to describe himself is “loyal.” Whether it’s his high school, his undergraduate alma mater or his hometown baseball team (the Phillies), Peters is loyal to a fault. And he counts Vanderbilt Law School among the places he bestows his loyalty.
“I felt fortunate to have been able to attend Vanderbilt. I am very grateful,” said Peters. He credits the school for contributing to his successful career in finance and has enjoyed maintaining close ties with the school.
“On Saturday mornings, I would wheel my oldest son in his stroller down to a field close to the Law School and he would watch me and a small group of classmates play touch-football,” recalls Peters. He built lasting friendships (especially Kay and Keith Simmons, JD’76) and benefited from the confidence placed in him by faculty and staff members, including Bob Covington and John Beasley. Beasley was instrumental in Peters securing a job at Commerce Union Bank. Peters worked part-time during law school and then full-time after, and it was in their corporate trust division where he first encountered Lehman Brothers. He would go on to have a more than 30 year management career at Lehman Brothers and Barclays Capital.
In appreciation for his Vanderbilt experience, Steve and his wife, Pat, have been generous supporters over the years and decided to make an investment in the future of Vanderbilt. “I wanted to do something special for the school,” said Peters “but I also wanted to help ensure our future financial security in light of the fact that I was approaching retirement.” Peters decided to make a gift through the creation of a Vanderbilt charitable remainder trust. He chose to fund it using stock he owned that had increased in value but paid low dividends. He and his wife now receive payments each year to add to their retirement income. “As a result, I’m benefitting from professional asset management, as will Vanderbilt when the trust terminates at the end of our lifetimes,” said Peters.
Proceeds from this trust, as well as an additional estate gift, are establishing the Stephen and Patricia Peters Scholarship to benefit students at Vanderbilt Law School. “I’m glad my gift will help Vanderbilt continue its tradition of excellence in education in the future.”
If you want to join Steve Peters in giving a planned gift to Vanderbilt, please contact us today.