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| Using a Charitable Gift Annuity to Build Your Legacy |
Les Fox has led a life of meaningful service, and wants to perpetuate what he spent his life doing. The Community Foundation of St. Joseph County is his partner in achieving that goal.
In 1998 Les and his late wife, Viola, established the Les and Viola Fox Fund to support Real Services, the agency Les launched in 1966 and has nurtured for the past 39 years. At the same time, he made a gift to this Fund that will provide Les with income for the rest of his life and support the work of Real Services far into the future - a Charitable Gift Annuity.
Here's how a Charitable Gift Annuity works:
Les gave a gift of cash, and in return he is receiving fixed, quarterly payments for the rest of his life. When Les dies, any assets remaining in the gift annuity will be transferred to the Lester and Viola Fox Fund. Then, each year, the mission of Real Services will be supported by grants made from the income generated by the fund. It's that simple!
"What intrigued me most about a Charitable Gift Annuity was the return," says Les. Rates vary from 6-9%, depending on age. When the generous tax benefits of this type of gift are taken into account, the effective annuity rate is even higher.
For more information please select one of the following options:
1. If you would like to view a color presentation of a Charitble Gift Annuity, please click one of these buttons.
2. You also may have a CD. If you would like to see the rate for your age and your personal tax savings, then click here.
3. If you would like to request a printed illustration of a gift annuity with your payout rate, then click here.
4. You may print a gift annuity tri-fold brochure. Click Here.
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