NCSU Libraries Focus Online
Volume 22 number 3 - Spring 2002
Supporting the NCSU Libraries with a Charitable Gift Annuity
By Tracy Proctor, Library Development
Anyone with certificates of deposit coming due who has looked at renewal rates
knows their income will be less. Given this fact, why not consider establishing
a charitable gift annuity with the NCSU Libraries? It can offer a guaranteed
return for life, an income tax deduction to lower tax bills, and a very attractive
rate of return. A charitable gift annuity also allows donors to make a significant
gift to support the Libraries.
Consider the benefits Sam Westbrook and his wife (both are sixty-seven years
old) will receive in exchange for a $10,000 charitable gift annuity:
A charitable income tax deduction of $2,395;
An annual income of $640 of which only $311 is taxable--the remaining
$329 is tax-free;
A projected total income over their lives of $14,720;
An eventual gift in support of the NCSU Libraries of $19,743.
To learn more about a charitable gift annuity and how it can help you as well
as the NCSU Libraries, please contact either Joan DeBruin, NCSU's director
of gift planning, or Tracy Proctor, director of development for the Libraries.
DeBruin may be reached at Campus Box 7501, Raleigh, N.C. 27695-7501; by phone
at (919) 515-9076; by fax at (919) 513-1728; or via electronic mail at joan_debruin@ncsu.edu.
Library development may be reached by phoning (919) 515-3339.
|
