Scoring a Perfect 10
It is not unusual for someone who has done a charitable gift annuity to do a second or even a third-but 10?
That's exactly what Ford White, Class of 1941, did. Ford established 10—that's right, count 'em, 10—charitable gift annuities with Colorado College. His first gift annuity, funded with cash, was in 2000. The next nine, all funded with securities, followed over the next seven years. Ford says, "It seemed like a good idea so I just kept going."
Why Gift Annuities Are Popular
Charitable gift annuities are simple, which is one of the reasons they are appealing and why we often have donors doing more than one. The modest amount needed to fund a gift annuity ($10,000 minimum) as well as the fixed payments you receive for life make them attractive. As of December 31 2014, Colorado College has 45 charitable gift annuity arrangements from 33 donors.
A Modest Life, a Big Heart
Ford had gift annuities only with Colorado College. He felt a strong attachment to CC, having valued his education. He used the payments that he received from his gift annuities to help with everyday living expenses.
Ford and his wife, Lucille, were longtime residents of Grand Junction, Colo. They were avid gardeners and maintained a stunning display of flowers and shrubs. Ford was a loyal and thoughtful alumnus who was in his philanthropy.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.