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While the most frequent means of remembering<br />
a favorite charity such as<br />
<strong>St</strong>. Paul’s in one’s estate, Life Income<br />
Plans provide donors with income<br />
for life and favorable tax treatment as<br />
well as benefiting a charity such as <strong>St</strong>.<br />
Paul’s.<br />
A popular Life Income Plan is<br />
a Charitable Gift Annuity. Using this<br />
vehicle, a donor contributes a sum of<br />
money to initiate the gift annuity contract.<br />
In consideration for this contribution,<br />
the gift annuity provides an<br />
immediate tax deduction for a portion<br />
of the gift, while also providing a fixed<br />
income amount to one or two donors<br />
for the remainder of their lives. For an<br />
initial period, the donor receives a portion<br />
of this income free of income tax.<br />
The amount of the initial tax deduction,<br />
amount of income the donor<br />
Partner’s Club continued<br />
Ms. Gay Kunselman<br />
Mr. & Mrs. Max Kustugic<br />
Dr. Frank Kytchak<br />
Ladies Auxiliary F.O.E. No. 805<br />
Mr. & Mrs. C. <strong>St</strong>uart Ladow<br />
Mr. & Mrs. Thomas Lancaster<br />
Mr. & Mrs. Donald Landfried<br />
Mr. & Mrs. Russell Lauffer<br />
Mrs. Alma Lauver<br />
Mrs. Patricia LaVella<br />
Mrs. Margaret Layman<br />
Mr. & Mrs. Michael Leskovac<br />
Mr. Robert Leuenberger<br />
Mrs. Ethel Light<br />
Ms. Arlene Logan<br />
Mr. & Mrs. John Loveridge<br />
Mrs. Mildred Mainzer<br />
Ms. Georgia Manesiotis<br />
Mr. & Mrs. Philip Marrie, Jr.<br />
Ms. Edna Martinella<br />
Mrs. Sadie McCormick<br />
Miss Charlene McElhinny<br />
Mr. & Mrs. Doug McElhinny<br />
Mrs. Terri McGarvey<br />
Mrs. Alta McKay<br />
Ms. Mary McKenna<br />
Mr. & Mrs. Glenn McKnight<br />
Ms. Michele McLaughlin<br />
Life Income Plans Offer Income, Tax Savings<br />
receives and the tax-free portion of the<br />
income are based on the age of the donors<br />
at the time they execute the contract,<br />
as well as a rate table established<br />
by the American Council of Gift Annuities.<br />
All charities using this rate will<br />
offer the same return and benefits to donors<br />
through charitable gift annuities.<br />
This allows donors to support their favorite<br />
charities without competition by<br />
charities to offer higher rates of return<br />
to attract donors.<br />
“Charitable gift annuities enable<br />
donors to make contributions to <strong>St</strong>.<br />
Paul’s and other charities and receive<br />
an additional income stream for life and<br />
favorable tax treatment,” explained Bill<br />
Kirker, Director of Development at <strong>St</strong>.<br />
Paul’s. “Because of our historical relationship<br />
to the United Church of Christ,<br />
we are able to offer the charitable gift<br />
Mrs. Janet McParland<br />
Mr. & Mrs. Robert McVey<br />
Mr. & Mrs. Harold Means<br />
Ms. Catherine Mellor<br />
Mr. & Mrs. James Micsky<br />
Ms. Julianne Millen<br />
Mr. & Mrs. Edward Miller<br />
Ms. Kathleen Miller<br />
Rev. Linda Miller-Pretz<br />
Mr. & Mrs. Jeffrey Mohr<br />
Mrs. Myrtle Mollo<br />
Mr. & Mrs. Claude Mook, Jr.<br />
Mr. & Mrs. David Moore<br />
Mr. & Mrs. Lloyd Morgan<br />
Mr. & Mrs. John Morgan<br />
Mr. Daniel Mowery<br />
Mt. Troy UCC<br />
Mr. & Mrs. Bob Muha<br />
Mrs. Jean Nichols<br />
Mr. & Mrs. Hartley Oden<br />
Ms. Sandra Oden-Kellner<br />
Mr. Edward Oehmler<br />
Mrs. Frances Olinger<br />
Mr. & Mrs. Donald Opel<br />
Order of Eastern <strong>St</strong>ar<br />
Osborne-Williams Funeral Home<br />
Ms. Ann Panagulias<br />
Mr. Geoffrey Pearce<br />
Ms. Laurine Pears<br />
annuities through the UCC Financial<br />
Development Ministry.”<br />
While cash gifts are often used<br />
for life income plans, use of appreciated<br />
stock can offer some additional tax<br />
benefits.<br />
The Development Office at <strong>St</strong>.<br />
Paul’s offers charitable gift annuity illustrations<br />
without cost or obligation to<br />
those making an inquiry.<br />
Based on the needs of the donor<br />
and size of the gift, charitable remainder<br />
trusts and charitable lead trusts are<br />
other life income plans for donors to<br />
consider.<br />
For more information regarding<br />
life income plans, or to request an illustration,<br />
please contact Bill Kirker in<br />
the Development Office at <strong>St</strong>. Paul’s.<br />
Mr. & Mrs. Joseph Peick<br />
Mrs. Shirley Peters<br />
Mr. & Mrs. Raymond Peterson<br />
Mr. & Mrs. John Podlaski<br />
Mr. & Mrs. Andrew Pollus<br />
Mr. & Mrs. Donald Pomaybo<br />
Mr. & Mrs. William Porter<br />
Mr. Daniel Prelee<br />
Mr. & Mrs. George Purdy<br />
Pymatuning Boat Sales<br />
Mr. & Mrs. Joseph Pyrdek<br />
Mrs. Roberta Ratcliff<br />
Mr. & Mrs. John Reimold<br />
Mrs. Catherine Reinhart<br />
Mrs. Rosemary Richards<br />
Ridgewood Residents<br />
Mr. & Mrs. Glenn Riley<br />
Mrs. Marie Riley<br />
Mr. & Mrs. Walter Robb<br />
Dr. & Mrs. John Robb<br />
Mr. & Mrs. Paul Roberto<br />
Mr. & Mrs. Richard Rutter<br />
Rev. & Mrs. Glenn Sadler<br />
Salem UCC<br />
Salem UCC Women's Circle<br />
Mr. & Mrs. William Schall<br />
Mr. & Mrs. Donald Schrock<br />
Ms. Meredith Schuler<br />
Dr. & Mrs. James Shaffer<br />
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