A Blended Gift to Reach a Goal
Jay wanted to support one of our priorities at a significant level-$100,000. However, he was only willing to give $25,000 in cash gifts that year.
Jay: I wanted to make a big commitment to a special project. But I also wanted to preserve my cash savings.
We shared with Jay that through a combination of his available resources and planned gifts, he could still achieve his objective.
Here are several combinations Jay considered:
- $25,000 cash gift today and a $75,000 bequest in his will (no cash out-of-pocket).
- $25,000 gift of appreciated stock (no cash out-of-pocket and significant tax savings) and a $75,000 bequest in his will.
- $25,000 gift of appreciated stock, a $50,000 charitable gift annuity funded with stock (numerous tax advantages and fixed payments for life) and a $25,000 bequest.
Jay: I decided to select the first option. By making a $25,000 cash gift and satisfying the remaining balance with a bequest in my will, I was able to achieve all my goals.
Jay was able to make a $100,000 gift to our organization. He loved the fact that he could see his dollars at work today and continue his commitment to our work in the future.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.