What Do You Know About Gift Annuities? Take Our Quiz
Do you know how a charitable gift annuity can support Lewis & Clark and benefit you? Take this quiz to find out.
1. A charitable gift annuity pays you
A. fixed payments for life.
B. variable payments for life.
C. fixed payments for 20 years.
2. If you create a charitable gift annuity this year, you are allowed to take
A. twice your normal deductions.
B. a charitable income tax deduction for the entire amount of the asset donated.
C. a charitable income tax deduction for a portion of the value of the asset donated.
3. You can choose to have a charitable gift annuity make payments to one or two individuals. True or False
4. Upon the death of the second person receiving payments, the remaining value of the gift annuity is available to help support our mission. True or False
Answers:
- A
- C
- True
- True
Contact Sharon Bosserman-Benson for the Undergraduate or the Graduate School at 503-768-7911, 800-753-9292, or plangivg@lclark.edu, or the Law School development office at 503-768-6901 or lawgive@lclark.edu today to learn more about the benefits of charitable gift annuities.
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Copyright © The Stelter Company, All rights reserved.
The information in this website is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results.
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