Jane Gole Combines Giving with Income and Tax Benefits
Jane Gole 79MBA and her husband, James, had considered making a substantial gift to Emory for years. After consulting with Emory's Office of Gift Planning, they chose a strategy that would meet all of their financial goals.
"We wanted to make a gift to Emory, reduce taxes on some capital gains, and receive income that is currently higher than CD rates," she says. "Emory helped us pick the mix that would maximize our benefits."
The couple's charitable gift annuity will help build the Arthur Deitz Memorial Fund scholarship in Emory's Goizueta Business School and support the Billops-Hatch Archive, a collection of African American works in Emory University's Manuscript, Archives, and Rare Book Library.
Donors can create a charitable gift annuity with a transfer of cash or marketable securities. There are no fees for the transaction, which involves a simple two-page contract. Annuity payments can begin immediately or be deferred until a later date, and they can go to one person for a lifetime or to two people in succession. The payment rate depends on the donor's age and the number of people who will receive payments.
Donors can claim an up-front federal income tax deduction, which depends on the variable monthly discount rate set by the Internal Revenue Service. A portion of the annuity payments may be tax-free.
For donors like the Goles, who value education and are savvy about financial planning, the charitable gift annuity is a perfect choice.
"We've always promoted educational institutions," she says. "I can't think of a better investment than Emory."
To learn about gift planning options or schedule a meeting with an office of gift planning adviser, call 404.727.8875 or email email@example.com.