2011 - 2012 ANNUAL REPORT - Rowland Hall
2011 - 2012 ANNUAL REPORT - Rowland Hall
2011 - 2012 ANNUAL REPORT - Rowland Hall
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<strong>2011</strong> - <strong>2012</strong> Annual fund GIFTS Anonymous Alum Establishes Gift<br />
Our goal this year was $754,000.<br />
Annuity for <strong>Rowland</strong> <strong>Hall</strong><br />
Donor Receives Lifetime Income<br />
Many alumni are generous and loyal contributors to<br />
<strong>Rowland</strong> <strong>Hall</strong>, whether through gifts to the Annual<br />
Fund or to the Capital Campaign.<br />
Recently, an alumna called to ask if she could<br />
anonymously give another type of gift – a gift<br />
that would provide lifetime income for her – and<br />
simultaneously benefit our students. We were thrilled<br />
to help her establish a Charitable Gift Annuity. An<br />
annuity, in essence, is a contract in which the charity,<br />
in return for a transfer of assets, agrees to pay a fixed<br />
income to an individual for his/her lifetime.<br />
A Charitable Gift Annuity is a savvy estate-planning<br />
tool. In this case, the donor was able to transfer<br />
appreciated stock to <strong>Rowland</strong> <strong>Hall</strong> and receive an<br />
immediate income tax deduction for a portion of the<br />
gift, and, in addition, annually receive income for her<br />
lifetime. The principal assets ultimately pass back to<br />
the school at the end of the donor’s life.<br />
38 <strong>2011</strong> - <strong>2012</strong>
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