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Peace of Mind Gift Annuity

Peace of Mind Gift Annuity
Disclaimer: The following testimony is not from an actual Dallas Seminary donor, but illustrates an example of how the Foundation might help a donor establish a charitable gift annuity.

Many years ago, Patricia Kirk bought a home. Since she was so pleased with the home, she decided to buy stock in the company that built and sold her home. Over the years the stock has increased in value many times.

PATRICIA: This stock was a good investment. I have enjoyed my home, and I thought if I like my home, other people would like theirs. Because I was a happy homeowner, I purchased the shares of stock in this homebuilder.

While the stock has gone up in value several times, I am now tired of guessing the market. In the last few years, the stock has gone up and down in value. I think it would be much better to have a good fixed return and not worry about the stock markets.

Patricia called an advisor at her favorite charity and discovered that a gift annuity would provide a return of almost 7.1%, based upon her age. This fixed payment was in addition to a large income tax deduction. Patricia decided to transfer $10,000 of appreciated stock to the charity.

PATRICIA: I am delighted with my gift annuity. I receive 7.1% and saved over $1,500 in income taxes. Now, I no longer worried about whether the markets go up and down. It has provided me with peace of mind. In addition, while this annuity provides me a steady and reliable income, I have the satisfaction of knowing it will ultimately provide a nice benefit to the charity. This plan has been great!




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