By Tag · Charitable gift annuity
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Historically low interest rates offer unique opportunities for charitable giving April 27, 2020
![Historically low interest rates offer unique opportunities for charitable giving]()
The unexpected onslaught of COVID-19 has produced many responses – including the Federal Reserve reducing interest rates to historic lows. One key interest rate — known as the IRS discount rate (or Internal Revenue Code section “7520 rate”) — directly affects the deduction value of certain types of charitable gifts. Continue Reading ➜
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Is your retirement and wealth plan more secure with the SECURE Act? January 24, 2020
![Is your retirement and wealth plan more secure with the SECURE Act?]()
In December 2019, President Trump signed into law several changes to the rules regarding retirement accounts such as 401(k)s and IRAs. Continue Reading ➜
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Top 5 reasons why gift annuities and trusts are great tools for charitable giving October 24, 2019
![Top 5 reasons why gift annuities and trusts are great tools for charitable giving]()
Have you considered supporting charity but felt unsure of the financial impact? If so, creating a charitable gift annuity or trust may be an option for you! These types of gifts are known as “life income gifts” because they pay you or your loved ones an income for life or a period of years. Continue Reading ➜
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Can a commercial annuity be rolled over into a charitable gift annuity? October 17, 2019
![Can a commercial annuity be rolled over into a charitable gift annuity?]()
Charitable donors and their advisors occasionally ask whether it is possible to do a “tax-free rollover” or a “1035 exchange” of a commercial annuity for a charitable gift annuity without any tax due on the gain in the commercial annuity. Internal Revenue Code (I.R.C.) section 1035(a)(3) can cause confusion on this subject since it provides that a (tax-free) like-kind exchange can be made with an annuity contract for another annuity contract. Continue Reading ➜
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’Tis the season to give and receive with a charitable gift annuity December 6, 2018
![’Tis the season to give and receive with a charitable gift annuity]()
Before 2018 draws to a close, consider supporting the Duke programs and areas you care about most with a charitable gift annuity. Charitable gift annuities provide a future source of support for Duke while securing a fixed income for you and your loved ones. Continue Reading ➜
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Michael Schwartz M.H.A.’71, J.D.’82, P’94 August 16, 2017
![Michael Schwartz M.H.A.’71, J.D.’82, P’94]()
Michael Schwartz M.H.A.’71, J.D.’82, P’94 attributes many of his blessings in life to Duke. Before attending Duke, Michael was an army infantry officer. He received his masters and law degree from Duke, then worked at Duke Medical Center for 12 years. He and his wife, Phyllis, established two charitable gift annuities in appreciation for Duke and his invaluable law degree. Continue Reading ➜
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My Giving Story: Chun Lam August 8, 2017
![My Giving Story: Chun Lam]()
Chun Lam B.S.E.’71, M.B.A.’74, Ph.D.’77, P’00, has spent a lifetime learning. Now he’s giving back to Duke with two gift annuities to provide scholarships for students at Pratt and Fuqua. Continue Reading ➜
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Top four questions Duke alumni and friends ask about charitable giving February 6, 2017
![Top four questions Duke alumni and friends ask about charitable giving]()
As an associate director of gift planning, I speak with a lot of Duke alumni and friends across the country about ways to support the university. Here are the four most common questions I receive from donors, alumni, and friends of Duke about planned giving: Continue Reading ➜
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Give and receive this holiday season with a charitable gift annuity December 2, 2016
![Give and receive this holiday season with a charitable gift annuity]()
As the year draws to a close, you may consider making a tax-efficient gift to Duke through a life income gift known as a charitable gift annuity (CGA). CGAs provide a meaningful way to support Duke’s future while allowing you to secure a fixed income for you and your loved ones. Continue Reading ➜
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Gift planning at any age: 80s and 90s May 17, 2016
![Gift planning at any age: 80s and 90s]()
Gift planning can be a smart way to leave a lasting impression at a charity, like Duke, while achieving your personal and financial goals. There are many options for every life stage.
If you are in your 80s and 90s, you may be concerned about receiving a steady income each year regardless of what happens in the market. A life income gift may provide you and your loved ones the security you seek when planning for your future. Continue Reading ➜
