I NSIGHTS IOWA STATE UNIVERSITY FOUNDATION A CHARITABLE PLANNING GUIDE FOR ISU ALUMNI AND FRIENDS SPRING 2009 IN THIS ISSUE ... 2 Lifetime income through gift annuities 4 The appeal of the charitable lead trust 5 The Donna Fuller Scholarship for women accounting majors Gerdin Business Building
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Mar 24, 2016
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University Foundationas the benefi-ciary of the funds. This is the easiestand most popular deferred gift planused by alumni and friends.
There are many options availablethrough bequests. Donors may namethe Iowa State University Foundationas a percentage beneficiary, or as therecipient of a specific dollar amountor specific assets, or as a residual orcontingent recipient. The assets canbe used to support Iowa State forthe purposes the donor has docu-
Donna Fuller Creates aScholarship for FutureGenerationsLike many of her fellow Iowa StateUniversity alumni, Donna JohnsonFuller has elected to establish ascholarship on campus. She hopesto help current students in a waythat was unavailable while she wasa student.
In Fuller’s case that assistancetakes on a whole new meaningbecause she was one-of-a-kind dur-ing her stint as an undergradu-ate in the 1960s. “I was the onlywoman accounting major,” saysFuller (B.S., ’68, accounting). “Itwas a little rough at the begin-ning, but I had a natural apti-tude for accounting and busi-ness. I guess the men consid-ered me an oddball and weren’treal nice to me for a year or so.But it didn’t take long for themto realize I could help theminstead.”
During her undergraduateyears, Fuller also worked theswing shift at a local electronicsfactory. While she says theseexperiences made her a betterperson, she has taken steps tosmooth the path for those whofollow her. More specifically,she has established a bequest tocreate the Donna FullerScholarship for women account-ing majors.
Individuals like Fuller whoestablish such a scholarship cando so through a bequest in theirwill naming the Iowa State
IOWASTATEUNIVERSITYFOUNDATION
2505 UNIVERSITYBOULEVARD
P.O.BOX2230AMES, IA 50010-2230
OFFICE OF GIFT PLANNING
2505 UNIVERSITY BOULEVARD
P. O. BOX 2230AMES, IA 50010-2230
INSIGHTSIOWA STATE UNIVERSITY FOUNDATION
A CHARITABLE PLANNING GUIDE FOR ISU ALUMNI AND FRIENDS
SPRING 2009
PHONE: 515.294.5398TOLL-FREE: 800.621.8515www.withprideandpurpose.orggiftplanning@foundation.iastate.edu
INSIDE THIS ISSUE ...
IN THIS ISSUE ...2 Lifetime income through gift
annuities
4 The appeal of the charitablelead trust
5 The Donna Fuller Scholarshipfor women accounting majors
The Donna Fuller Scholarship forWomen Accounting Majors
Lifetime Income throughCharitable Gift Annuities
The Appeal of the CharitableLead Trust
Gerdin Business Building
Visit us online at www.isugift.org
mented, including a scholarship orendowed faculty position.
Giving through a bequest hasimportant advantages for the donor.For example, donors maintain con-trol of their assets during their life-time, and an estate tax charitablededuction may be available.
After considering her goals andopportunities, Fuller did not stopwith setting up a scholarship. Incelebration of a successful profes-sional career as a certified public
accountant in the San Franciscoarea, she wanted to give moreback to her university, so Fullercreated a deferred endowed fac-ulty position in Iowa State’sCollege of Business in recogni-tion of her valuable experienceson campus.
“Like many Iowa State grad-uates, I’m from a working classfamily from small town Iowa,”she said. “I feel fortunate withhow my life has turned out andI owe a lot of that to the time Ispent at Iowa State and the edu-cation I received.”
When she first arrived oncampus, Fuller says she was shyand not very outgoing. But herexperiences as the only femaleaccounting major on campuschanged that. “I had to fight forwhat I wanted while I was astudent. That changed mywhole personality,” she said.
“If I wouldn’t have changed at Iowa State and moved toCalifornia I wouldn’t have hadthe life I have now.”
A One-of-a-Kind Accounting Major
5
Gift Planning Staff: (L-R) Gregg Hinders, Administrative Coordinator
Lynda M. Jacobson, Assistant Vice President of DevelopmentPaul Caspersen, CFP®, CMFC, Executive Director of Development
The information in this publication is not intended as legal advice. For legal advice, pleaseconsult an attorney. Figures cited in examples are based on rates current at the time of printingand are subject to change. References to estate and income tax include federal taxes only;individual state taxes may further impact results.
“I feel fortunate with how my life has turned out and I owe a lot of thatto the time I spent at Iowa State and
the education I received.”– Donna Johnson Fuller
Donna Fuller
Charitable Gift Annuity Highlights
INCOME Fixed, dependableincome for life,covering one or two lives.
TAX DEDUCTION Current income taxcharitable deduction.
FLEXIBILITY Payments can beginnow or later.
ACCESSIBLE Easy to set up, lowminimum amount, no ongoing renewalsor administrationrequirements.
Predictable Income for LaterDr. Martin knows he will reach themaximum contribution limit for hisqualified retirement plan, so he islooking for additional ways to helpprepare for retirement. At age 60, he wants to take advantage ofopportunities available during hisprime income-earning years.
One option that interests Dr.Martin is a deferred charitable giftannuity. The deferred charitable giftannuity works just like a regularcharitable gift annuity except thatthe first payment to the annuitantbegins a year or more after the giftis made to the charitable organiza-tion. And Dr. Martin can choose thedate the payments begin.
The difference between adeferred charitable gift annuity anda regular gift annuity is the higherpayout rate and the higher incometax deduction. Dr. Martin decides tomake a gift of $50,000 today andarranges the payments to begin inexactly ten years, allowing him todeduct $20,611 this year. And, in 10years, Dr. Martin will begin receiv-ing $4,050 once a year for the restof his life.
Consider Your OptionsIf you are interested in learningmore about the charitable giftannuity, please let us know. We arehappy to help you explore optionsfor using the gift annuity to meetphilanthropic and personal goals.
Iowa State University Foundation INSIGHTS
The Charitable Gift Annuity: Greater than the Sum of Its PartsUsually, when someone gives something to someone else, the idea is thatone person has less and another person has more. But, the charitable giftannuity is different. The donor does not just give; she or he also receivessomething back. Many donors find the charitable gift annuity a smart way to give and receive for different reasons, including:
n You can have more than one charitable gift annuity.
n There is generally no maximum contribution limit as there is with aqualified retirement plan.
n The minimum gift amount is low.
n Charitable gift annuities are easy to set up and do not need annualmaintenance or renewal.
n Gift annuity payments are for life — you can’t outlive the payment period.
If you’re interested in more information about the charitable gift annuity and how you might help yourself whilehelping us, send for our complimentary brochure, The Charitable Gift Annuity — Back to Basics. Or, feel free to callor e-mail us directly. It would be our pleasure to help you determine whether a charitable gift annuity is a good matchfor your philanthropic goals.
Without a doubt, times are changing — andchallenging. Everyone has been affected by theeconomy. Nonetheless, many Iowa State Universitysupporters realize that charitable giving remains vitallyimportant — especially now.
In the current financial environment, planningstrategies that create income, reposition assets, andprovide lifetime income for you and your loved oneshave become intriguing alternatives to estate and out-right gifts. Consequently, the unique benefits found incharitable gift annuities have made them the 2009 giftof choice for many donors. Why? Because a charitablegift annuity is a carefully structured gift that providesyou with an opportunity to benefit yourself, yourloved ones and Iowa State.
How can a charitable gift annuity be used to meet a wide variety of personal goals? The charitable giftannuity is easy to set up, and the rewards more thanjustify the effort. Take a moment to review the options
outlined below and considerwhether the charitable gift annuitymay be worth exploring further. Ifyou’re interested in learning more,return the attached card or contactus by phone or e-mail to requestour complimentary brochure, TheCharitable Gift Annuity — Back to Basics.
It would be our pleasure to help you and your advisor(s) as you consider your philanthropic options.
Lynda M. JacobsonAssistant Vice President of Development Office of Gift [email protected] y 800.621.8515
either of them is alive, and thearrangement is a one-time affair.There is never a need for renewalsor additional paperwork.
Income for a Loved OneWith years of hard work andperseverance, Greta built up herconsultancy business. Today, hercompany employs 20 wonderfulpeople and generates plenty ofwork. Plus, Greta is ready to retirethrough an employee buyout, so ina month she will receive a large sumof money.
Greta is a great supporter ofcharity, and she plans to make amajor contribution that will createan endowed fund. However, Gretaalso plans to create a charitable giftannuity based on a gift of $75,000that will provide help to her mother,Eleanor (age 85), who still livesacross town in the small housewhere Greta grew up. The charitablegift annuity will provide a fixedannual income of $6,075 forEleanor, which is good becauseGreta usually sends money eachmonth. And, the charitable giftannuity generates an income taxcharitable deduction of $42,392,which also works well for Gretabecause this will be an unusuallyhigh-income year for her due to thesale of her business.
Greta is pleased that a charitablegift annuity nicely complements herpersonal, philanthropic and finan-cial goals.
Income for TwoHarold and Louise (both age 75)have always been careful planners.After celebrating their 50th weddinganniversary, they took a close lookat their estate plan to see how theymight best manage their resourcesfor the future. Their goals includedproviding for themselves, their heirsand their favorite charity.
One option that came to lightwas the charitable gift annuity. Itseemed to be a great gift idea, sinceit made it possible to provide a sig-nificant gift and receive a fixed,dependable lifetime income. Theyfunded a two-life charitable giftannuity with three different stocksworth a total of $50,000. Every year,the gift annuity will pay out $2,800as long as Harold or Louise lives.Plus, they received a charitable taxdeduction of $17,876 this year.
Harold and Louise both enjoypeace of mind from knowing theincome is payable for as long as
Find a planning option thatbenefits you and Iowa State We hope you have found useful ideas in thisissue of Insights. To further aid your planning,send for a complimentary copy of the bookletslisted below, with no obligation. Simply fill outthis tear-off card, fold, tape it on the open end,and drop it in the mail to us. We’ll pick up thepostage.
Please send a complimentary copy of:
The Charitable Gift Annuity — Back toBasics, a brochure detailing how giftannuities work, and the benefits for adonor.
Personal Financial Affairs: Your Book ofRecords, a helpful planning guide fordocumenting important information.
I’m interested in a no-cost, no obligationillustration of the benefits of a charitablegift annuity.
I’m interested in discussing the variousways to support Iowa State. Please contact me____ by phone____ by e-mail to talk about these possibilities.
Please sign me up for your free e-newsletter. E-mail address below.
NAME
ADDRESS
CITY
STATE, ZIP
TELEPHONE
INGA0509
Now Is an Ideal Time to Make a Difference
Visit us online at www.isugift.org
A Step Further: Now May Be the Time to Consider a Charitable Lead TrustMany philanthropists face a dilemma. How can they help the organiza-tions they care about without short-changing heirs and loved ones? Onepotential solution is the charitable lead trust.
A charitable lead trust is set up so annual payments are made to a quali-fied charity such as Iowa State University. When the trust ends, assetscan go to the trust beneficiaries — usually family members. A charitablelead trust can be particularly appealing during these economic times fortwo reasons: (1) in a time of low rates, the grantor pays significantly lessin gift or estate taxes for the remainder interest in a charitable lead trustthat goes to family and loved ones; and (2) if assets used to fund the trustgrow during the trust term, the appreciation is NOT taxed for gift orestate tax purposes.
According to a recent Wall Street Journal article, charitable lead trustsare “especially attractive now” given the low rates. Please contact us ifyou’re interested in receiving additional information.
What Does It Mean to “Help Us While You Help Yourself?”
2 43
The charitable gift annuity is a formof charitable gift that provides alifetime income to the annuitant(usually the donor) and a gift to thecharity. The primary purpose of thecharitable gift annuity is to support aworthwhile charity, but the lifetimeincome makes this way of givingattractive to all sorts of donors.
Here are a few examples of how acharitable gift annuity helps not onlyyou, but also Iowa State University.Note: All illustrations based on AFRof 3.0% and an annual payment.
Predictable Retirement Income for TodayAll her life, Rose (age 80) has beencareful to save for a rainy day. Andher decision to be a saver has servedher well. Earlier this year, Roseworked with a financial advisor toreview her financial program.
Rose decided to take the moneyfrom a maturing CD ($10,000) anddirect it toward a charitable giftannuity. The gift annuity will payher $710 every year as long as shelives, plus, for the next 10 years,about $551 of each payment will betax-free. And this year, Rose receivesa charitable tax deduction of $5,041that can lower her taxes if she itemizes.
Rose considers the charitable giftannuity a great thing — a reliablesource of income for her and a sub-stantial charitable gift to us.
Charitable Gift AnnuityPayment Rates
Age Rate*65 5.3%70 5.775 6.380 7.185 8.190 9.5
*Rates as of Feb. 1, 2009. Please contactour office to verify current rates.
Predictable Income for LaterDr. Martin knows he will reach themaximum contribution limit for hisqualified retirement plan, so he islooking for additional ways to helpprepare for retirement. At age 60, he wants to take advantage ofopportunities available during hisprime income-earning years.
One option that interests Dr.Martin is a deferred charitable giftannuity. The deferred charitable giftannuity works just like a regularcharitable gift annuity except thatthe first payment to the annuitantbegins a year or more after the giftis made to the charitable organiza-tion. And Dr. Martin can choose thedate the payments begin.
The difference between adeferred charitable gift annuity anda regular gift annuity is the higherpayout rate and the higher incometax deduction. Dr. Martin decides tomake a gift of $50,000 today andarranges the payments to begin inexactly ten years, allowing him todeduct $20,611 this year. And, in 10years, Dr. Martin will begin receiv-ing $4,050 once a year for the restof his life.
Consider Your OptionsIf you are interested in learningmore about the charitable giftannuity, please let us know. We arehappy to help you explore optionsfor using the gift annuity to meetphilanthropic and personal goals.
Iowa State University Foundation INSIGHTS
The Charitable Gift Annuity: Greater than the Sum of Its PartsUsually, when someone gives something to someone else, the idea is thatone person has less and another person has more. But, the charitable giftannuity is different. The donor does not just give; she or he also receivessomething back. Many donors find the charitable gift annuity a smart way to give and receive for different reasons, including:
n You can have more than one charitable gift annuity.
n There is generally no maximum contribution limit as there is with aqualified retirement plan.
n The minimum gift amount is low.
n Charitable gift annuities are easy to set up and do not need annualmaintenance or renewal.
n Gift annuity payments are for life — you can’t outlive the payment period.
If you’re interested in more information about the charitable gift annuity and how you might help yourself whilehelping us, send for our complimentary brochure, The Charitable Gift Annuity — Back to Basics. Or, feel free to callor e-mail us directly. It would be our pleasure to help you determine whether a charitable gift annuity is a good matchfor your philanthropic goals.
Without a doubt, times are changing — andchallenging. Everyone has been affected by theeconomy. Nonetheless, many Iowa State Universitysupporters realize that charitable giving remains vitallyimportant — especially now.
In the current financial environment, planningstrategies that create income, reposition assets, andprovide lifetime income for you and your loved oneshave become intriguing alternatives to estate and out-right gifts. Consequently, the unique benefits found incharitable gift annuities have made them the 2009 giftof choice for many donors. Why? Because a charitablegift annuity is a carefully structured gift that providesyou with an opportunity to benefit yourself, yourloved ones and Iowa State.
How can a charitable gift annuity be used to meet a wide variety of personal goals? The charitable giftannuity is easy to set up, and the rewards more thanjustify the effort. Take a moment to review the options
outlined below and considerwhether the charitable gift annuitymay be worth exploring further. Ifyou’re interested in learning more,return the attached card or contactus by phone or e-mail to requestour complimentary brochure, TheCharitable Gift Annuity — Back to Basics.
It would be our pleasure to help you and your advisor(s) as you consider your philanthropic options.
Lynda M. JacobsonAssistant Vice President of Development Office of Gift [email protected] y 800.621.8515
either of them is alive, and thearrangement is a one-time affair.There is never a need for renewalsor additional paperwork.
Income for a Loved OneWith years of hard work andperseverance, Greta built up herconsultancy business. Today, hercompany employs 20 wonderfulpeople and generates plenty ofwork. Plus, Greta is ready to retirethrough an employee buyout, so ina month she will receive a large sumof money.
Greta is a great supporter ofcharity, and she plans to make amajor contribution that will createan endowed fund. However, Gretaalso plans to create a charitable giftannuity based on a gift of $75,000that will provide help to her mother,Eleanor (age 85), who still livesacross town in the small housewhere Greta grew up. The charitablegift annuity will provide a fixedannual income of $6,075 forEleanor, which is good becauseGreta usually sends money eachmonth. And, the charitable giftannuity generates an income taxcharitable deduction of $42,392,which also works well for Gretabecause this will be an unusuallyhigh-income year for her due to thesale of her business.
Greta is pleased that a charitablegift annuity nicely complements herpersonal, philanthropic and finan-cial goals.
Income for TwoHarold and Louise (both age 75)have always been careful planners.After celebrating their 50th weddinganniversary, they took a close lookat their estate plan to see how theymight best manage their resourcesfor the future. Their goals includedproviding for themselves, their heirsand their favorite charity.
One option that came to lightwas the charitable gift annuity. Itseemed to be a great gift idea, sinceit made it possible to provide a sig-nificant gift and receive a fixed,dependable lifetime income. Theyfunded a two-life charitable giftannuity with three different stocksworth a total of $50,000. Every year,the gift annuity will pay out $2,800as long as Harold or Louise lives.Plus, they received a charitable taxdeduction of $17,876 this year.
Harold and Louise both enjoypeace of mind from knowing theincome is payable for as long as
Find a planning option thatbenefits you and Iowa State We hope you have found useful ideas in thisissue of Insights. To further aid your planning,send for a complimentary copy of the bookletslisted below, with no obligation. Simply fill outthis tear-off card, fold, tape it on the open end,and drop it in the mail to us. We’ll pick up thepostage.
Please send a complimentary copy of:
The Charitable Gift Annuity — Back toBasics, a brochure detailing how giftannuities work, and the benefits for adonor.
Personal Financial Affairs: Your Book ofRecords, a helpful planning guide fordocumenting important information.
I’m interested in a no-cost, no obligationillustration of the benefits of a charitablegift annuity.
I’m interested in discussing the variousways to support Iowa State. Please contact me____ by phone____ by e-mail to talk about these possibilities.
Please sign me up for your free e-newsletter. E-mail address below.
NAME
ADDRESS
CITY
STATE, ZIP
TELEPHONE
INGA0509
Now Is an Ideal Time to Make a Difference
Visit us online at www.isugift.org
A Step Further: Now May Be the Time to Consider a Charitable Lead TrustMany philanthropists face a dilemma. How can they help the organiza-tions they care about without short-changing heirs and loved ones? Onepotential solution is the charitable lead trust.
A charitable lead trust is set up so annual payments are made to a quali-fied charity such as Iowa State University. When the trust ends, assetscan go to the trust beneficiaries — usually family members. A charitablelead trust can be particularly appealing during these economic times fortwo reasons: (1) in a time of low rates, the grantor pays significantly lessin gift or estate taxes for the remainder interest in a charitable lead trustthat goes to family and loved ones; and (2) if assets used to fund the trustgrow during the trust term, the appreciation is NOT taxed for gift orestate tax purposes.
According to a recent Wall Street Journal article, charitable lead trustsare “especially attractive now” given the low rates. Please contact us ifyou’re interested in receiving additional information.
What Does It Mean to “Help Us While You Help Yourself?”
2 43
The charitable gift annuity is a formof charitable gift that provides alifetime income to the annuitant(usually the donor) and a gift to thecharity. The primary purpose of thecharitable gift annuity is to support aworthwhile charity, but the lifetimeincome makes this way of givingattractive to all sorts of donors.
Here are a few examples of how acharitable gift annuity helps not onlyyou, but also Iowa State University.Note: All illustrations based on AFRof 3.0% and an annual payment.
Predictable Retirement Income for TodayAll her life, Rose (age 80) has beencareful to save for a rainy day. Andher decision to be a saver has servedher well. Earlier this year, Roseworked with a financial advisor toreview her financial program.
Rose decided to take the moneyfrom a maturing CD ($10,000) anddirect it toward a charitable giftannuity. The gift annuity will payher $710 every year as long as shelives, plus, for the next 10 years,about $551 of each payment will betax-free. And this year, Rose receivesa charitable tax deduction of $5,041that can lower her taxes if she itemizes.
Rose considers the charitable giftannuity a great thing — a reliablesource of income for her and a sub-stantial charitable gift to us.
Charitable Gift AnnuityPayment Rates
Age Rate*65 5.3%70 5.775 6.380 7.185 8.190 9.5
*Rates as of Feb. 1, 2009. Please contactour office to verify current rates.
Predictable Income for LaterDr. Martin knows he will reach themaximum contribution limit for hisqualified retirement plan, so he islooking for additional ways to helpprepare for retirement. At age 60, he wants to take advantage ofopportunities available during hisprime income-earning years.
One option that interests Dr.Martin is a deferred charitable giftannuity. The deferred charitable giftannuity works just like a regularcharitable gift annuity except thatthe first payment to the annuitantbegins a year or more after the giftis made to the charitable organiza-tion. And Dr. Martin can choose thedate the payments begin.
The difference between adeferred charitable gift annuity anda regular gift annuity is the higherpayout rate and the higher incometax deduction. Dr. Martin decides tomake a gift of $50,000 today andarranges the payments to begin inexactly ten years, allowing him todeduct $20,611 this year. And, in 10years, Dr. Martin will begin receiv-ing $4,050 once a year for the restof his life.
Consider Your OptionsIf you are interested in learningmore about the charitable giftannuity, please let us know. We arehappy to help you explore optionsfor using the gift annuity to meetphilanthropic and personal goals.
Iowa State University Foundation INSIGHTS
The Charitable Gift Annuity: Greater than the Sum of Its PartsUsually, when someone gives something to someone else, the idea is thatone person has less and another person has more. But, the charitable giftannuity is different. The donor does not just give; she or he also receivessomething back. Many donors find the charitable gift annuity a smart way to give and receive for different reasons, including:
n You can have more than one charitable gift annuity.
n There is generally no maximum contribution limit as there is with aqualified retirement plan.
n The minimum gift amount is low.
n Charitable gift annuities are easy to set up and do not need annualmaintenance or renewal.
n Gift annuity payments are for life — you can’t outlive the payment period.
If you’re interested in more information about the charitable gift annuity and how you might help yourself whilehelping us, send for our complimentary brochure, The Charitable Gift Annuity — Back to Basics. Or, feel free to callor e-mail us directly. It would be our pleasure to help you determine whether a charitable gift annuity is a good matchfor your philanthropic goals.
Without a doubt, times are changing — andchallenging. Everyone has been affected by theeconomy. Nonetheless, many Iowa State Universitysupporters realize that charitable giving remains vitallyimportant — especially now.
In the current financial environment, planningstrategies that create income, reposition assets, andprovide lifetime income for you and your loved oneshave become intriguing alternatives to estate and out-right gifts. Consequently, the unique benefits found incharitable gift annuities have made them the 2009 giftof choice for many donors. Why? Because a charitablegift annuity is a carefully structured gift that providesyou with an opportunity to benefit yourself, yourloved ones and Iowa State.
How can a charitable gift annuity be used to meet a wide variety of personal goals? The charitable giftannuity is easy to set up, and the rewards more thanjustify the effort. Take a moment to review the options
outlined below and considerwhether the charitable gift annuitymay be worth exploring further. Ifyou’re interested in learning more,return the attached card or contactus by phone or e-mail to requestour complimentary brochure, TheCharitable Gift Annuity — Back to Basics.
It would be our pleasure to help you and your advisor(s) as you consider your philanthropic options.
Lynda M. JacobsonAssistant Vice President of Development Office of Gift [email protected] y 800.621.8515
either of them is alive, and thearrangement is a one-time affair.There is never a need for renewalsor additional paperwork.
Income for a Loved OneWith years of hard work andperseverance, Greta built up herconsultancy business. Today, hercompany employs 20 wonderfulpeople and generates plenty ofwork. Plus, Greta is ready to retirethrough an employee buyout, so ina month she will receive a large sumof money.
Greta is a great supporter ofcharity, and she plans to make amajor contribution that will createan endowed fund. However, Gretaalso plans to create a charitable giftannuity based on a gift of $75,000that will provide help to her mother,Eleanor (age 85), who still livesacross town in the small housewhere Greta grew up. The charitablegift annuity will provide a fixedannual income of $6,075 forEleanor, which is good becauseGreta usually sends money eachmonth. And, the charitable giftannuity generates an income taxcharitable deduction of $42,392,which also works well for Gretabecause this will be an unusuallyhigh-income year for her due to thesale of her business.
Greta is pleased that a charitablegift annuity nicely complements herpersonal, philanthropic and finan-cial goals.
Income for TwoHarold and Louise (both age 75)have always been careful planners.After celebrating their 50th weddinganniversary, they took a close lookat their estate plan to see how theymight best manage their resourcesfor the future. Their goals includedproviding for themselves, their heirsand their favorite charity.
One option that came to lightwas the charitable gift annuity. Itseemed to be a great gift idea, sinceit made it possible to provide a sig-nificant gift and receive a fixed,dependable lifetime income. Theyfunded a two-life charitable giftannuity with three different stocksworth a total of $50,000. Every year,the gift annuity will pay out $2,800as long as Harold or Louise lives.Plus, they received a charitable taxdeduction of $17,876 this year.
Harold and Louise both enjoypeace of mind from knowing theincome is payable for as long as
Find a planning option thatbenefits you and Iowa State We hope you have found useful ideas in thisissue of Insights. To further aid your planning,send for a complimentary copy of the bookletslisted below, with no obligation. Simply fill outthis tear-off card, fold, tape it on the open end,and drop it in the mail to us. We’ll pick up thepostage.
Please send a complimentary copy of:
The Charitable Gift Annuity — Back toBasics, a brochure detailing how giftannuities work, and the benefits for adonor.
Personal Financial Affairs: Your Book ofRecords, a helpful planning guide fordocumenting important information.
I’m interested in a no-cost, no obligationillustration of the benefits of a charitablegift annuity.
I’m interested in discussing the variousways to support Iowa State. Please contact me____ by phone____ by e-mail to talk about these possibilities.
Please sign me up for your free e-newsletter. E-mail address below.
NAME
ADDRESS
CITY
STATE, ZIP
TELEPHONE
INGA0509
Now Is an Ideal Time to Make a Difference
Visit us online at www.isugift.org
A Step Further: Now May Be the Time to Consider a Charitable Lead TrustMany philanthropists face a dilemma. How can they help the organiza-tions they care about without short-changing heirs and loved ones? Onepotential solution is the charitable lead trust.
A charitable lead trust is set up so annual payments are made to a quali-fied charity such as Iowa State University. When the trust ends, assetscan go to the trust beneficiaries — usually family members. A charitablelead trust can be particularly appealing during these economic times fortwo reasons: (1) in a time of low rates, the grantor pays significantly lessin gift or estate taxes for the remainder interest in a charitable lead trustthat goes to family and loved ones; and (2) if assets used to fund the trustgrow during the trust term, the appreciation is NOT taxed for gift orestate tax purposes.
According to a recent Wall Street Journal article, charitable lead trustsare “especially attractive now” given the low rates. Please contact us ifyou’re interested in receiving additional information.
What Does It Mean to “Help Us While You Help Yourself?”
2 43
The charitable gift annuity is a formof charitable gift that provides alifetime income to the annuitant(usually the donor) and a gift to thecharity. The primary purpose of thecharitable gift annuity is to support aworthwhile charity, but the lifetimeincome makes this way of givingattractive to all sorts of donors.
Here are a few examples of how acharitable gift annuity helps not onlyyou, but also Iowa State University.Note: All illustrations based on AFRof 3.0% and an annual payment.
Predictable Retirement Income for TodayAll her life, Rose (age 80) has beencareful to save for a rainy day. Andher decision to be a saver has servedher well. Earlier this year, Roseworked with a financial advisor toreview her financial program.
Rose decided to take the moneyfrom a maturing CD ($10,000) anddirect it toward a charitable giftannuity. The gift annuity will payher $710 every year as long as shelives, plus, for the next 10 years,about $551 of each payment will betax-free. And this year, Rose receivesa charitable tax deduction of $5,041that can lower her taxes if she itemizes.
Rose considers the charitable giftannuity a great thing — a reliablesource of income for her and a sub-stantial charitable gift to us.
Charitable Gift AnnuityPayment Rates
Age Rate*65 5.3%70 5.775 6.380 7.185 8.190 9.5
*Rates as of Feb. 1, 2009. Please contactour office to verify current rates.
University Foundationas the benefi-ciary of the funds. This is the easiestand most popular deferred gift planused by alumni and friends.
There are many options availablethrough bequests. Donors may namethe Iowa State University Foundationas a percentage beneficiary, or as therecipient of a specific dollar amountor specific assets, or as a residual orcontingent recipient. The assets canbe used to support Iowa State forthe purposes the donor has docu-
Donna Fuller Creates aScholarship for FutureGenerationsLike many of her fellow Iowa StateUniversity alumni, Donna JohnsonFuller has elected to establish ascholarship on campus. She hopesto help current students in a waythat was unavailable while she wasa student.
In Fuller’s case that assistancetakes on a whole new meaningbecause she was one-of-a-kind dur-ing her stint as an undergradu-ate in the 1960s. “I was the onlywoman accounting major,” saysFuller (B.S., ’68, accounting). “Itwas a little rough at the begin-ning, but I had a natural apti-tude for accounting and busi-ness. I guess the men consid-ered me an oddball and weren’treal nice to me for a year or so.But it didn’t take long for themto realize I could help theminstead.”
During her undergraduateyears, Fuller also worked theswing shift at a local electronicsfactory. While she says theseexperiences made her a betterperson, she has taken steps tosmooth the path for those whofollow her. More specifically,she has established a bequest tocreate the Donna FullerScholarship for women account-ing majors.
Individuals like Fuller whoestablish such a scholarship cando so through a bequest in theirwill naming the Iowa State
IOWASTATEUNIVERSITYFOUNDATION
2505 UNIVERSITYBOULEVARD
P.O.BOX2230AMES, IA 50010-2230
OFFICE OF GIFT PLANNING
2505 UNIVERSITY BOULEVARD
P. O. BOX 2230AMES, IA 50010-2230
INSIGHTSIOWA STATE UNIVERSITY FOUNDATION
A CHARITABLE PLANNING GUIDE FOR ISU ALUMNI AND FRIENDS
SPRING 2009
PHONE: 515.294.5398TOLL-FREE: 800.621.8515www.withprideandpurpose.orggiftplanning@foundation.iastate.edu
INSIDE THIS ISSUE ...
IN THIS ISSUE ...2 Lifetime income through gift
annuities
4 The appeal of the charitablelead trust
5 The Donna Fuller Scholarshipfor women accounting majors
The Donna Fuller Scholarship forWomen Accounting Majors
Lifetime Income throughCharitable Gift Annuities
The Appeal of the CharitableLead Trust
Gerdin Business Building
Visit us online at www.isugift.org
mented, including a scholarship orendowed faculty position.
Giving through a bequest hasimportant advantages for the donor.For example, donors maintain con-trol of their assets during their life-time, and an estate tax charitablededuction may be available.
After considering her goals andopportunities, Fuller did not stopwith setting up a scholarship. Incelebration of a successful profes-sional career as a certified public
accountant in the San Franciscoarea, she wanted to give moreback to her university, so Fullercreated a deferred endowed fac-ulty position in Iowa State’sCollege of Business in recogni-tion of her valuable experienceson campus.
“Like many Iowa State grad-uates, I’m from a working classfamily from small town Iowa,”she said. “I feel fortunate withhow my life has turned out andI owe a lot of that to the time Ispent at Iowa State and the edu-cation I received.”
When she first arrived oncampus, Fuller says she was shyand not very outgoing. But herexperiences as the only femaleaccounting major on campuschanged that. “I had to fight forwhat I wanted while I was astudent. That changed mywhole personality,” she said.
“If I wouldn’t have changed at Iowa State and moved toCalifornia I wouldn’t have hadthe life I have now.”
A One-of-a-Kind Accounting Major
5
Gift Planning Staff: (L-R) Gregg Hinders, Administrative Coordinator
Lynda M. Jacobson, Assistant Vice President of DevelopmentPaul Caspersen, CFP®, CMFC, Executive Director of Development
The information in this publication is not intended as legal advice. For legal advice, pleaseconsult an attorney. Figures cited in examples are based on rates current at the time of printingand are subject to change. References to estate and income tax include federal taxes only;individual state taxes may further impact results.
“I feel fortunate with how my life has turned out and I owe a lot of thatto the time I spent at Iowa State and
the education I received.”– Donna Johnson Fuller
Donna Fuller
Charitable Gift Annuity Highlights
INCOME Fixed, dependableincome for life,covering one or two lives.
TAX DEDUCTION Current income taxcharitable deduction.
FLEXIBILITY Payments can beginnow or later.
ACCESSIBLE Easy to set up, lowminimum amount, no ongoing renewalsor administrationrequirements.
University Foundationas the benefi-ciary of the funds. This is the easiestand most popular deferred gift planused by alumni and friends.
There are many options availablethrough bequests. Donors may namethe Iowa State University Foundationas a percentage beneficiary, or as therecipient of a specific dollar amountor specific assets, or as a residual orcontingent recipient. The assets canbe used to support Iowa State forthe purposes the donor has docu-
Donna Fuller Creates aScholarship for FutureGenerationsLike many of her fellow Iowa StateUniversity alumni, Donna JohnsonFuller has elected to establish ascholarship on campus. She hopesto help current students in a waythat was unavailable while she wasa student.
In Fuller’s case that assistancetakes on a whole new meaningbecause she was one-of-a-kind dur-ing her stint as an undergradu-ate in the 1960s. “I was the onlywoman accounting major,” saysFuller (B.S., ’68, accounting). “Itwas a little rough at the begin-ning, but I had a natural apti-tude for accounting and busi-ness. I guess the men consid-ered me an oddball and weren’treal nice to me for a year or so.But it didn’t take long for themto realize I could help theminstead.”
During her undergraduateyears, Fuller also worked theswing shift at a local electronicsfactory. While she says theseexperiences made her a betterperson, she has taken steps tosmooth the path for those whofollow her. More specifically,she has established a bequest tocreate the Donna FullerScholarship for women account-ing majors.
Individuals like Fuller whoestablish such a scholarship cando so through a bequest in theirwill naming the Iowa State
IOWASTATEUNIVERSITYFOUNDATION
2505 UNIVERSITYBOULEVARD
P.O.BOX2230AMES, IA 50010-2230
OFFICE OF GIFT PLANNING
2505 UNIVERSITY BOULEVARD
P. O. BOX 2230AMES, IA 50010-2230
INSIGHTSIOWA STATE UNIVERSITY FOUNDATION
A CHARITABLE PLANNING GUIDE FOR ISU ALUMNI AND FRIENDS
SPRING 2009
PHONE: 515.294.5398TOLL-FREE: 800.621.8515www.withprideandpurpose.orggiftplanning@foundation.iastate.edu
INSIDE THIS ISSUE ...
IN THIS ISSUE ...2 Lifetime income through gift
annuities
4 The appeal of the charitablelead trust
5 The Donna Fuller Scholarshipfor women accounting majors
The Donna Fuller Scholarship forWomen Accounting Majors
Lifetime Income throughCharitable Gift Annuities
The Appeal of the CharitableLead Trust
Gerdin Business Building
Visit us online at www.isugift.org
mented, including a scholarship orendowed faculty position.
Giving through a bequest hasimportant advantages for the donor.For example, donors maintain con-trol of their assets during their life-time, and an estate tax charitablededuction may be available.
After considering her goals andopportunities, Fuller did not stopwith setting up a scholarship. Incelebration of a successful profes-sional career as a certified public
accountant in the San Franciscoarea, she wanted to give moreback to her university, so Fullercreated a deferred endowed fac-ulty position in Iowa State’sCollege of Business in recogni-tion of her valuable experienceson campus.
“Like many Iowa State grad-uates, I’m from a working classfamily from small town Iowa,”she said. “I feel fortunate withhow my life has turned out andI owe a lot of that to the time Ispent at Iowa State and the edu-cation I received.”
When she first arrived oncampus, Fuller says she was shyand not very outgoing. But herexperiences as the only femaleaccounting major on campuschanged that. “I had to fight forwhat I wanted while I was astudent. That changed mywhole personality,” she said.
“If I wouldn’t have changed at Iowa State and moved toCalifornia I wouldn’t have hadthe life I have now.”
A One-of-a-Kind Accounting Major
5
Gift Planning Staff: (L-R) Gregg Hinders, Administrative Coordinator
Lynda M. Jacobson, Assistant Vice President of DevelopmentPaul Caspersen, CFP®, CMFC, Executive Director of Development
The information in this publication is not intended as legal advice. For legal advice, pleaseconsult an attorney. Figures cited in examples are based on rates current at the time of printingand are subject to change. References to estate and income tax include federal taxes only;individual state taxes may further impact results.
“I feel fortunate with how my life has turned out and I owe a lot of thatto the time I spent at Iowa State and
the education I received.”– Donna Johnson Fuller
Donna Fuller
Charitable Gift Annuity Highlights
INCOME Fixed, dependableincome for life,covering one or two lives.
TAX DEDUCTION Current income taxcharitable deduction.
FLEXIBILITY Payments can beginnow or later.
ACCESSIBLE Easy to set up, lowminimum amount, no ongoing renewalsor administrationrequirements.
Predictable Income for LaterDr. Martin knows he will reach themaximum contribution limit for hisqualified retirement plan, so he islooking for additional ways to helpprepare for retirement. At age 60, he wants to take advantage ofopportunities available during hisprime income-earning years.
One option that interests Dr.Martin is a deferred charitable giftannuity. The deferred charitable giftannuity works just like a regularcharitable gift annuity except thatthe first payment to the annuitantbegins a year or more after the giftis made to the charitable organiza-tion. And Dr. Martin can choose thedate the payments begin.
The difference between adeferred charitable gift annuity anda regular gift annuity is the higherpayout rate and the higher incometax deduction. Dr. Martin decides tomake a gift of $50,000 today andarranges the payments to begin inexactly ten years, allowing him todeduct $20,611 this year. And, in 10years, Dr. Martin will begin receiv-ing $4,050 once a year for the restof his life.
Consider Your OptionsIf you are interested in learningmore about the charitable giftannuity, please let us know. We arehappy to help you explore optionsfor using the gift annuity to meetphilanthropic and personal goals.
Iowa State University Foundation INSIGHTS
The Charitable Gift Annuity: Greater than the Sum of Its PartsUsually, when someone gives something to someone else, the idea is thatone person has less and another person has more. But, the charitable giftannuity is different. The donor does not just give; she or he also receivessomething back. Many donors find the charitable gift annuity a smart way to give and receive for different reasons, including:
n You can have more than one charitable gift annuity.
n There is generally no maximum contribution limit as there is with aqualified retirement plan.
n The minimum gift amount is low.
n Charitable gift annuities are easy to set up and do not need annualmaintenance or renewal.
n Gift annuity payments are for life — you can’t outlive the payment period.
If you’re interested in more information about the charitable gift annuity and how you might help yourself whilehelping us, send for our complimentary brochure, The Charitable Gift Annuity — Back to Basics. Or, feel free to callor e-mail us directly. It would be our pleasure to help you determine whether a charitable gift annuity is a good matchfor your philanthropic goals.
Without a doubt, times are changing — andchallenging. Everyone has been affected by theeconomy. Nonetheless, many Iowa State Universitysupporters realize that charitable giving remains vitallyimportant — especially now.
In the current financial environment, planningstrategies that create income, reposition assets, andprovide lifetime income for you and your loved oneshave become intriguing alternatives to estate and out-right gifts. Consequently, the unique benefits found incharitable gift annuities have made them the 2009 giftof choice for many donors. Why? Because a charitablegift annuity is a carefully structured gift that providesyou with an opportunity to benefit yourself, yourloved ones and Iowa State.
How can a charitable gift annuity be used to meet a wide variety of personal goals? The charitable giftannuity is easy to set up, and the rewards more thanjustify the effort. Take a moment to review the options
outlined below and considerwhether the charitable gift annuitymay be worth exploring further. Ifyou’re interested in learning more,return the attached card or contactus by phone or e-mail to requestour complimentary brochure, TheCharitable Gift Annuity — Back to Basics.
It would be our pleasure to help you and your advisor(s) as you consider your philanthropic options.
Lynda M. JacobsonAssistant Vice President of Development Office of Gift [email protected] y 800.621.8515
either of them is alive, and thearrangement is a one-time affair.There is never a need for renewalsor additional paperwork.
Income for a Loved OneWith years of hard work andperseverance, Greta built up herconsultancy business. Today, hercompany employs 20 wonderfulpeople and generates plenty ofwork. Plus, Greta is ready to retirethrough an employee buyout, so ina month she will receive a large sumof money.
Greta is a great supporter ofcharity, and she plans to make amajor contribution that will createan endowed fund. However, Gretaalso plans to create a charitable giftannuity based on a gift of $75,000that will provide help to her mother,Eleanor (age 85), who still livesacross town in the small housewhere Greta grew up. The charitablegift annuity will provide a fixedannual income of $6,075 forEleanor, which is good becauseGreta usually sends money eachmonth. And, the charitable giftannuity generates an income taxcharitable deduction of $42,392,which also works well for Gretabecause this will be an unusuallyhigh-income year for her due to thesale of her business.
Greta is pleased that a charitablegift annuity nicely complements herpersonal, philanthropic and finan-cial goals.
Income for TwoHarold and Louise (both age 75)have always been careful planners.After celebrating their 50th weddinganniversary, they took a close lookat their estate plan to see how theymight best manage their resourcesfor the future. Their goals includedproviding for themselves, their heirsand their favorite charity.
One option that came to lightwas the charitable gift annuity. Itseemed to be a great gift idea, sinceit made it possible to provide a sig-nificant gift and receive a fixed,dependable lifetime income. Theyfunded a two-life charitable giftannuity with three different stocksworth a total of $50,000. Every year,the gift annuity will pay out $2,800as long as Harold or Louise lives.Plus, they received a charitable taxdeduction of $17,876 this year.
Harold and Louise both enjoypeace of mind from knowing theincome is payable for as long as
Find a planning option thatbenefits you and Iowa State We hope you have found useful ideas in thisissue of Insights. To further aid your planning,send for a complimentary copy of the bookletslisted below, with no obligation. Simply fill outthis tear-off card, fold, tape it on the open end,and drop it in the mail to us. We’ll pick up thepostage.
Please send a complimentary copy of:
The Charitable Gift Annuity — Back toBasics, a brochure detailing how giftannuities work, and the benefits for adonor.
Personal Financial Affairs: Your Book ofRecords, a helpful planning guide fordocumenting important information.
I’m interested in a no-cost, no obligationillustration of the benefits of a charitablegift annuity.
I’m interested in discussing the variousways to support Iowa State. Please contact me____ by phone____ by e-mail to talk about these possibilities.
Please sign me up for your free e-newsletter. E-mail address below.
NAME
ADDRESS
CITY
STATE, ZIP
TELEPHONE
INGA0509
Now Is an Ideal Time to Make a Difference
Visit us online at www.isugift.org
A Step Further: Now May Be the Time to Consider a Charitable Lead TrustMany philanthropists face a dilemma. How can they help the organiza-tions they care about without short-changing heirs and loved ones? Onepotential solution is the charitable lead trust.
A charitable lead trust is set up so annual payments are made to a quali-fied charity such as Iowa State University. When the trust ends, assetscan go to the trust beneficiaries — usually family members. A charitablelead trust can be particularly appealing during these economic times fortwo reasons: (1) in a time of low rates, the grantor pays significantly lessin gift or estate taxes for the remainder interest in a charitable lead trustthat goes to family and loved ones; and (2) if assets used to fund the trustgrow during the trust term, the appreciation is NOT taxed for gift orestate tax purposes.
According to a recent Wall Street Journal article, charitable lead trustsare “especially attractive now” given the low rates. Please contact us ifyou’re interested in receiving additional information.
What Does It Mean to “Help Us While You Help Yourself?”
2 43
The charitable gift annuity is a formof charitable gift that provides alifetime income to the annuitant(usually the donor) and a gift to thecharity. The primary purpose of thecharitable gift annuity is to support aworthwhile charity, but the lifetimeincome makes this way of givingattractive to all sorts of donors.
Here are a few examples of how acharitable gift annuity helps not onlyyou, but also Iowa State University.Note: All illustrations based on AFRof 3.0% and an annual payment.
Predictable Retirement Income for TodayAll her life, Rose (age 80) has beencareful to save for a rainy day. Andher decision to be a saver has servedher well. Earlier this year, Roseworked with a financial advisor toreview her financial program.
Rose decided to take the moneyfrom a maturing CD ($10,000) anddirect it toward a charitable giftannuity. The gift annuity will payher $710 every year as long as shelives, plus, for the next 10 years,about $551 of each payment will betax-free. And this year, Rose receivesa charitable tax deduction of $5,041that can lower her taxes if she itemizes.
Rose considers the charitable giftannuity a great thing — a reliablesource of income for her and a sub-stantial charitable gift to us.
Charitable Gift AnnuityPayment Rates
Age Rate*65 5.3%70 5.775 6.380 7.185 8.190 9.5
*Rates as of Feb. 1, 2009. Please contactour office to verify current rates.
University Foundationas the benefi-ciary of the funds. This is the easiestand most popular deferred gift planused by alumni and friends.
There are many options availablethrough bequests. Donors may namethe Iowa State University Foundationas a percentage beneficiary, or as therecipient of a specific dollar amountor specific assets, or as a residual orcontingent recipient. The assets canbe used to support Iowa State forthe purposes the donor has docu-
Donna Fuller Creates aScholarship for FutureGenerationsLike many of her fellow Iowa StateUniversity alumni, Donna JohnsonFuller has elected to establish ascholarship on campus. She hopesto help current students in a waythat was unavailable while she wasa student.
In Fuller’s case that assistancetakes on a whole new meaningbecause she was one-of-a-kind dur-ing her stint as an undergradu-ate in the 1960s. “I was the onlywoman accounting major,” saysFuller (B.S., ’68, accounting). “Itwas a little rough at the begin-ning, but I had a natural apti-tude for accounting and busi-ness. I guess the men consid-ered me an oddball and weren’treal nice to me for a year or so.But it didn’t take long for themto realize I could help theminstead.”
During her undergraduateyears, Fuller also worked theswing shift at a local electronicsfactory. While she says theseexperiences made her a betterperson, she has taken steps tosmooth the path for those whofollow her. More specifically,she has established a bequest tocreate the Donna FullerScholarship for women account-ing majors.
Individuals like Fuller whoestablish such a scholarship cando so through a bequest in theirwill naming the Iowa State
IOWASTATEUNIVERSITYFOUNDATION
2505 UNIVERSITYBOULEVARD
P.O.BOX2230AMES, IA 50010-2230
OFFICE OF GIFT PLANNING
2505 UNIVERSITY BOULEVARD
P. O. BOX 2230AMES, IA 50010-2230
INSIGHTSIOWA STATE UNIVERSITY FOUNDATION
A CHARITABLE PLANNING GUIDE FOR ISU ALUMNI AND FRIENDS
SPRING 2009
PHONE: 515.294.5398TOLL-FREE: 800.621.8515www.withprideandpurpose.orggiftplanning@foundation.iastate.edu
INSIDE THIS ISSUE ...
IN THIS ISSUE ...2 Lifetime income through gift
annuities
4 The appeal of the charitablelead trust
5 The Donna Fuller Scholarshipfor women accounting majors
The Donna Fuller Scholarship forWomen Accounting Majors
Lifetime Income throughCharitable Gift Annuities
The Appeal of the CharitableLead Trust
Gerdin Business Building
Visit us online at www.isugift.org
mented, including a scholarship orendowed faculty position.
Giving through a bequest hasimportant advantages for the donor.For example, donors maintain con-trol of their assets during their life-time, and an estate tax charitablededuction may be available.
After considering her goals andopportunities, Fuller did not stopwith setting up a scholarship. Incelebration of a successful profes-sional career as a certified public
accountant in the San Franciscoarea, she wanted to give moreback to her university, so Fullercreated a deferred endowed fac-ulty position in Iowa State’sCollege of Business in recogni-tion of her valuable experienceson campus.
“Like many Iowa State grad-uates, I’m from a working classfamily from small town Iowa,”she said. “I feel fortunate withhow my life has turned out andI owe a lot of that to the time Ispent at Iowa State and the edu-cation I received.”
When she first arrived oncampus, Fuller says she was shyand not very outgoing. But herexperiences as the only femaleaccounting major on campuschanged that. “I had to fight forwhat I wanted while I was astudent. That changed mywhole personality,” she said.
“If I wouldn’t have changed at Iowa State and moved toCalifornia I wouldn’t have hadthe life I have now.”
A One-of-a-Kind Accounting Major
5
Gift Planning Staff: (L-R) Gregg Hinders, Administrative Coordinator
Lynda M. Jacobson, Assistant Vice President of DevelopmentPaul Caspersen, CFP®, CMFC, Executive Director of Development
The information in this publication is not intended as legal advice. For legal advice, pleaseconsult an attorney. Figures cited in examples are based on rates current at the time of printingand are subject to change. References to estate and income tax include federal taxes only;individual state taxes may further impact results.
“I feel fortunate with how my life has turned out and I owe a lot of thatto the time I spent at Iowa State and
the education I received.”– Donna Johnson Fuller
Donna Fuller
Charitable Gift Annuity Highlights
INCOME Fixed, dependableincome for life,covering one or two lives.
TAX DEDUCTION Current income taxcharitable deduction.
FLEXIBILITY Payments can beginnow or later.
ACCESSIBLE Easy to set up, lowminimum amount, no ongoing renewalsor administrationrequirements.
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