Many years ago, Clara Lehman bought a home. Since she was very pleased with the home, she decided to buy stock in the company that built and sold her home. Over the years, the stock has increased in value many times.
Clara: This stock was a good investment. I have enjoyed my home and I thought if I like my home, other people would like theirs. Because I was a happy homeowner, I purchased the shares of stock in this homebuilder.
While the stock has gone up in value several times, I am now tired of guessing the market. In the last few years, the stock has gone up and down in value. I think it would be much better to have a good fixed return and not worry about the stock markets.
Clara called the Jewish Federation of Las Vegas and discovered that she could receive a return of 6.8%, based upon her age of eighty years old. This fixed payment was in addition to a large income tax deduction in the year of the gift. Clara decided to transfer $10,000 of appreciated stock to the Jewish Federation of Las Vegas to fund a.
Clara: I am delighted with my gift annuity. I receive 7.1% and saved over $1,500 in income taxes. This plan has been great. Best of all, I no longer have to watch the markets go up and down. I now have peace of mind. I receive quarterly income payments of $1,700 directly into my checking account. When my CGA matures the Federation also benefits.
Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your gift annuity benefits under federal rules may be different from this person, please contact Daniel Prepas at Daniel@jewishlasvegas.com.
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