Good news -- since the last meeting, a number of alumni and friends have completed Charitable Gift Annuities (CGAs) with appreciated securities held long-term to keep the fair market value of the contributed securities intact and increase income. The wife of a member of the Class of 1965, who completed a one-life CGA last month, said, “I hope you have been busy with other gifts of securities. The timing certainly is right.”
In response, I sent to her the Planned Giving Minute from March, to which she responded, “Your points about Charitable Gift Annuities ring true with us.”
With an annual letter that brings special thanks, I have sent the March Planned Giving Minute to each person who has indicated an estate plan provision in favor of Hamilton. Similar points are in the Hamilton Plans newsletter and a post card mailed recently.
If you or others with whom you are speaking wish to explore the benefits of a CGA: an income tax charitable contribution deduction, fixed payments for life (that begin now or may be deferred for one or more years), most of which can be a tax-free return of principal and capital gains tax savings, call me at 315-859-4669.
Hamilton makes a number of resources available to you, including the following: