Your Gift to Shattuck-St. Mary's School and Yourself
Over the course of the years, you have received a variety of requests to support SSM. In past issues of The Arch and annual donor reports, we described several significant gifts to the school.
Clearly, without the support of our alumni, parents and friends, SSM would not be what it is today, will not be what it can become or, in fact, would not be at all. There are other ways to give to your school besides direct gifts of cash and marketable assets. Listen to what Jack "Foo" Fuller '40 has to say:
"Many of us continue to give cash to the best of our ability on a yearly basis, and the school is extremely grateful for the support and fervently hopes you will continue this practice. I have recently discovered another way to make a significant gift to the school while at the same time receiving a regular payment from that gift and a substantial tax deduction from the IRS. It is known as a charitable gift annuity. This is a classic win-win example of how you can cut your taxes, improve your cash flow and benefit your old school all at the same time."
Jack and his wife, Nancy, provide but one example of how this type of deferred gift can achieve all that Jack says it does.
A charitable gift annuity is a contract between the donor and SSM whereby the donor makes an irrevocable gift and receives fixed, lifetime payments. CGAs may be written for one or two persons.
The Fullers have established two CGAs with the school. These tangible expressions of their belief in the mission of Shattuck-St. Mary's School are also eloquent expressions of their belief in its future. Deferred gifts help make that future secure for the school and the donors.
Other types of deferred gifts include bequests, charitable remainder trusts, life insurance, life estate, retained life estate and other payment-producing gifts.
For more information about any of these giving instruments, please contact Lonnie Schroeder at 507-333-1637 or email@example.com.
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 illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual 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.