A Gift That Pays You
I recently had the pleasure of visiting with a retired Doane alumnus—let’s call him Tom. Tom told me he that he had been very lucky in the stock market lately and that some of this financial gain might be passed on to Doane through his estate. I asked if he could make the gift now, as there were several projects occurring that I thought he would be interested in supporting.
Tom politely declined my request and stated he still had a number of good years ahead and would like to enjoy the income from his new fortune. We continued to visit about the projects I had mentioned and the effect they would have on Doane students and the future of the University. Tom agreed that indeed the endeavors were worthy of his support.
As I contemplated Tom’s enthusiasm for supporting these programs and his wish to continue benefiting from his good fortune, I realized there is a way to achieve both goals. Tom could gift the money to Doane now in the form of a charitable gift annuity. The charitable gift annuity would provide Tom with a fixed, quarterly income for the balance of his life. A portion of these payments would be exempt from income taxes, and he could potentially benefit from a charitable gift tax deduction today. In addition, Tom would be able to designate that his gift supports the programs of his choosing, and Doane could count on the gift in the future. Tom was excited about the idea of a charitable gift annuity and thought it was a perfect fit for his situation.
Throughout my years at Doane, we have always worked to coordinate the needs of the University with the goals and wishes of the donor. Sometimes a solution appears that matches perfectly. The donor is pleased, the University benefits, and we get the personal satisfaction knowing that everyone has won.
Like Tom, perhaps you have a desire to assist in the realization of the mission and vision of Doane University. Please contact Thom Reeves at 402.826.8284 or thomas.reeves@doane.edu and allow us to assist you in planning your charitable contributions.