A Way to Give and Receive
I am continuing this week with my look at the most common blended gift arrangements. One way for a donor to give and receive is by making a current gift to a charitable organization and creating a charitable gift annuity with the same organization. This gift blend permits the donor to give and receive benefits such as tax savings and lifetime fixed payments.
Here are some of the reasons your donors will love this gift blend:
- The current gift provides an immediate gift to support your cause and permits the donor to take a tax deduction in the year the gift is made
- The charitable gift annuity provides the donor with another tax-saving charitable deduction and fixed payments for life at a rate based on their age at the time of funding
- A gift annuity may be setup to make payments to the donor, donor and another person (such as a spouse) or another person (such as a child or friend)
- Payments can begin right away or be deferred until a future date
- After all payments are made, the remaining value goes to help further a charity's cause
- A current gift combined with a charitable gift annuity can make a donor's giving go further and result in a significant lasting legacy to support your cause
For more ideas on presenting the concept of a gift plus gift annuity to your donors, please contact Crescendo 1-800-858-9154. Request a free trial of Crescendo Pro and begin creating donor illustrations for this plan today.
About Kristen Schultz Jaarda, JD, LLM
Kristen Schultz Jaarda is Executive Vice President of Crescendo Interactive, Inc. She specializes in charitable tax planning and online marketing for planned gifts. She is responsible for client education and leads Crescendo's marketing services and support team. She is a nationally recognized speaker, conducts seminars nationwide and is a principal faculty member of GiftCollege.
Kristen serves as a board member for the American Council on Gift Annuities (ACGA) and as a member of the ACGA Rates and State Regulations Committees, Editorial Advisory Board member for Planned Giving Today, Committee Member for the ABA Charitable Planning and Organization's Group, past Legislative Chair and a board member for the Partnership for Philanthropic Planning of Greater Los Angeles (PPP-LA), a member of the Ventura County Planned Giving Council and a committee member and volunteer for several California charities. She writes weekly for CrescendoTweet and her planned giving blog.
Previously, Kristen served as Counsel to the Assistant Secretary of Education in Washington, D.C. and was Oversight Counsel to the U.S. House Committee on the Judiciary. Prior to that, she worked in a public affairs law practice. Kristen graduated from UCLA School of Law where she was Law Review Editor. She completed her Tax LL.M. with honors at Loyola School of Law. Kristen is a member of the California State Bar, D.C. Bar and the Maryland State Bar.