planned giving
dollars for you and dollars for USF Have you ever thought that it would be nice to have a steady flow of income— and benefit a USF student? Have you ever considered a charitable gift annuity for yourself and/or your spouse? The University of Saint Francis now has a wonderful answer to these questions. The following two examples show how a charitable gift annuity from USF could work for you—and for our students! Sally Smith, age 70, is a retired nurse who deeply appreciates the quality of education she received in becoming an accomplished practitioner in the field. She would like to help some current nursing students more easily afford the cost of attending USF. But she needs income from her investments during retirement. She creates a gift annuity at USF with $25,000. For her lifetime, she receives a payout of $1,450 per year. That’s 5.8 percent! And it is very safe since it is backed by the full faith and credit of our university. The tax benefits make this even more attractive for Sally. In addition to an immediate tax deduction of $8,273, part of the income comes to her tax free. For approximately 15 years, over $1,000 of her income payments have that income tax-free advantage. Since Sally is in the 28 percent income tax bracket, this means her income is the equivalent of 8.2 percent in fully taxable investments. And Sally knows that her gift will benefit USF students. “iActed may be one single tree on campus covered in thin strips of ribbon, but its significance is great…. I hope you can realize that the ribbons are the foundation of what your school was built upon,” she wrote to her fellow students. Around 3,100 charitable acts were recorded by those who stopped by Brookside, Trinity Hall, the Keith Busse School of Business or Campus Ministry to pick up a ribbon for the tree after making a conscious effort to make the world a better place.
Joseph and Jane Jones, ages 60 and 56, respectively, recently retired after 30 years as teachers. They establish a $50,000 CGA with USF. Their annual payment is $2,100, of which $1,367 is tax free. That is a 4.2 percent payout which is the equivalent of a 5.5 percent taxable investment. They also receive an immediate tax deduction of almost $7,000. And Joe and Jane know that they are helping USF students.
To discuss creating this type of annual personal income plus a gift that benefits students at the University of Saint Francis, please contact: Sister M. Marilyn Oliver, OSF Director of Planned Giving 260-399-8036, 800-729-4732 moliver@sf.edu
Funded by the university’s Campus Ministry and supported by its Center for Franciscan Spirit and Life, Mission and Values Committee, grounds and maintenance departments, and Council for Shared Governance, the interactive project welcomed the participation of the Fort Wayne community as a way to share these values. saint francis magazine | fall 2011
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