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2005 Annual Report
THE UNION COUNTY FOUNDATION
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 Charitable Gift Annuity
Giving through a Charitable Gift Annuity allows you to arrange
a generous gift to your community, while providing yourself a new income source you can count on for the rest of
your life.
How it works
- You make a gift to your community foundation — you can give cash, appreciated
stocks, real estate, or other assets.
- We set up a contract with you that combines immediate annuity payments with a
deferred charitable gift.
- You receive a stream of income that is fixed, regardless of market conditions.
- You also receive an immediate tax deduction for the charitable portion of your
gift.
- Upon your death, we set up a fund in your name, in the name of your family or
business, or in honor of any person or organization you choose.
- We handle all the administrative details — issuing annuity payments to you during
your lifetime and, afterward, issuing annual grant awards to charities in the name of the fund.
- Your gift can be placed into an endowment that is invested over time. Earnings
from your fund are used to make grants addressing community needs. Your gift — and all future earnings from your
gift — is a permanent source of community capital, helping to do good work forever.
A caring, careful gift
Angela Kline was always active in her community — generous with both her
time and money.
After she retired and began living on a fixed income, she worried that continuing to give would sacrifice her financial
security. "There are some causes I wish I could still support, mostly focused on women and girls in our community,"
said Angela. "But my investments are paying less than I had planned." Her friend Carmen, a CPA, told
Angela that she might consider establishing a Charitable Gift Annuity through her local community foundation. "This
is a good choice for Angela," says Carmen. "She is a very caring, generous person, but she also needs
to feel financially secure." By giving through her community foundation, Angela receives a fixed annuity payment
that adds up to more than her former investment income. Plus, upon her death, her gift will create the Kline Fund
for Women and Girls. |
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