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Charitable
Scenario Two |
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Joyce and Burton had been married for forty-seven years. Not long before he died, Burton looked into converting some of their certificates of deposit into a charitable gift annuity. He and Joyce met with their advisors and found out it was a wonderful idea. |
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Joyce: We met with our tax man and looked at the idea. When I saw the income we would have for the rest of both of our lives and compared to what we were receiving from our CD's, I was amazed! Plus there were tax benefits that helped us immediately. And now, I don't have to do a thing - it's all taken care of. The development officer explained how they could use our support and what it meant to them. It was something Burton and I did together, and I'm happy; really happy we did it when we could do it together!" |
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A charitable gift annuity can provide tax benefits now and a life-time income for the donor and a beneficiary if desired. Perhaps also it brought peace of mind to Burton knowing that Joyce would have the resources she needed if he was no longer there. Now here to meet Susan and Fred. |
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American Red Cross
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