Have you heard about the Duke 100 Challenge? For the first time in Duke’s history, there is a matching challenge for planned gifts and the opportunity to support Duke today and tomorrow. As of April 2023, 10% of a new planned gift established in your estate or retirement plan will be matched with current-use funds […]

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. The last time this rate approached […]

In December 2019, President Trump signed into law several changes to the rules regarding retirement accounts such as 401(k)s and IRAs. Congress named the legislation the “SECURE Act,” which stands for the “Setting Every Community Up for Retirement Enhancement Act.” Some taxpayers may feel a bit more secure with these changes in place, or at […]

Have you considered supporting charity but felt unsure of the financial impact? If so, creating a charitable gift annuity or trust may be the right 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. […]

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 […]

Did you know you can receive an income by making a gift to charity? The American Council on Gift Annuities recently announced an increase in gift annuity payout rates beginning July 1, 2018, which provides an opportunity for greater payouts to you or your loved ones both now and in the future. Establish a charitable […]

You’ve worked hard…for decades and it’s about time for you to enter the next phase in your life, one in which you’ll have time to catch-up on all those books you’ve been meaning to read, travel to those capitals (foreign and domestic) that you’ve always wanted to see, and perhaps volunteer for that charity you’ve […]

As the year draws to a close, consider establishing  charitable gift annuity (CGA) at Duke. Given the many benefits it may provide, it’s easy to see why a CGA continues to be our most popular deferred giving option.  To better illustrate how a CGA could work for you, Jeremy Arkin, director of Gift Planning shares […]

Our Director of Gift Planning, Jeremy Arkin, was recently interviewed by Kiplinger’s Retirement Report for the article, Prepare to Retire with a Gift Annuity. The article focuses on the recent uptick of deferred gift annuities as a retirement tool for younger donors who want to make a charitable gift now, but don’t plan to retire […]