Gift of Annuity Interest + Bequest: A Gift Blend for Charitably-Minded Supporters with Sufficient Income
Another blended gift strategy that may appeal to your donors is the gift of the interest in a charitable gift annuity plus a charitable bequest. Do you have donors who no longer need their charitable gift annuity payments? Perhaps they have sufficient income from other sources for their current and future needs.
If your donors are looking for a way to support your cause today, let them know that they can make a gift back to you of the remaining annuity interest. To make their giving go even further, they can add a charitable bequest to support your organization in their will or trust.
What are the benefits of a combination gift of an annuity interest and charitable bequest?
- The gift of the annuity interest will allow your organization to use both the gift annuity payment interest and the annuity reserve amount to support your work today.
- Your donors will receive an income tax deduction this year for their gift of the annuity interest.
- The charitable bequest can help your donors increase the impact of their giving and leave a future legacy gift to support your cause.
This gift combination is perfect for donors who wishes to support your mission today and in the future. To create an illustration of this plan for your donors, please contact Crescendo and request a free trial of our blended gifts software.
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.