Spring Break in Appalachia - Walsh University
Spring Break in Appalachia - Walsh University
Spring Break in Appalachia - Walsh University
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You can make a gift to <strong>Walsh</strong><br />
and generate <strong>in</strong>come for life<br />
BenefiTS <strong>in</strong>clude:<br />
1. A charitable <strong>in</strong>come tax deduction<br />
2. Income for life<br />
3. Possible reduction <strong>in</strong> probate costs and<br />
estate taxes<br />
4. Generous support of <strong>Walsh</strong> <strong>University</strong><br />
exaMple raTeS<br />
s<strong>in</strong>gle Life<br />
age rate<br />
60 5.0<br />
65 5.3<br />
70 5.7<br />
75 6.3<br />
80 7.1<br />
Current rates as approved by the American Council on Gift Annuities<br />
What is a Charitable Gift Annuity?<br />
A charitable gift annuity is a simple contract<br />
between you and <strong>Walsh</strong> <strong>University</strong>.<br />
In exchange for your irrevocable gift of cash, securities, or other assets, <strong>Walsh</strong><br />
<strong>University</strong> agrees to pay you or one to two other annuitants a fixed sum each<br />
year for life. This type of gift might be especially attractive if you are aged 70<br />
or above, you want to support <strong>Walsh</strong> <strong>University</strong>, and you would like to secure<br />
an immediate stream of <strong>in</strong>come for yourself or for yourself and your spouse.<br />
The older your designated annuitants are at the time of the gift, the greater the<br />
fixed <strong>in</strong>come <strong>Walsh</strong> <strong>University</strong> can agree to pay. In addition to the stream of<br />
fixed payments, the gift will also generate an immediate charitable <strong>in</strong>come-tax<br />
deduction. In most cases, part of each payment is tax-free, <strong>in</strong>creas<strong>in</strong>g each<br />
payment’s after-tax value.<br />
ExAMplE:<br />
For example, <strong>Walsh</strong> Donor, aged 75, gives $15,000 <strong>in</strong> cash to <strong>Walsh</strong> <strong>University</strong> <strong>in</strong><br />
exchange for a 6.3% gift annuity. He receives an <strong>in</strong>come-tax deduction of $6,372<br />
based on his age. He will beg<strong>in</strong> receiv<strong>in</strong>g an <strong>in</strong>come stream of approximately<br />
$945 each calendar year for the rest of his life. When he passes away, the rema<strong>in</strong><strong>in</strong>g<br />
pr<strong>in</strong>cipal will benefit <strong>Walsh</strong> <strong>University</strong>.<br />
If you would like more <strong>in</strong>formation on how to establish a charitable gift annuity<br />
at <strong>Walsh</strong> <strong>University</strong>, or would like to receive more current annuity rates, please<br />
contact the Office of Gift Plann<strong>in</strong>g at 330-490-7109 or jcraig@walsh.edu.<br />
walsh times<br />
summer 2009