International House Times Online Spring 2002: Planned Giving
the international house times online
Planned Giving
Many of us would love to find a way to support International House and make sure that we have provided adequately for our families at the same time. One technique that addresses both goals is a Charitable Gift Annuity.

An individual can give cash or securities to the University and receive an income tax charitable deduction and fixed income payments in return. The amount of those fixed payments is based upon the age of the income recipient at the time of the gift.

For example, Betty Bear, age 75, was holding $100,000 in the bank, earning 4.5%. She was planning to leave this money to International House in her will. By giving this money to the House today, she will receive 7.9% (or $7,900) annually for her lifetime, receive an income tax charitable deduction of $45,000 and have the satisfaction of knowing that she has made a gift to International House.

The older Betty is at the time of her contribution, the greater her annual payment and tax deduction will be. If Betty were age 80 at the time of her contribution, she would receive 8.9% annually and have an income tax charitable deduction of $52,000. Betty can give appreciated stock for a Charitable Gift Annuity without incurring any immediate capital gains tax liability. She can give cash and assure that a portion of each annuity payment will be tax-free.

The Office of Planned Giving can calculate the precise benefits you would receive from a Charitable Gift Annuity. They are happy to help you make the most out of your gift to International House. They can be reached on campus at (510) 642-6300.
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