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A Win-Win Way to Support Wartburg

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Grayce Hartman is a 1960 graduate of Wartburg College, and she is an enthusiastic supporter and advocate for the college and its mission. "Wartburg gave me so much," she shares, "and my experiences there really changed my life. The college has maintained its connections with me through the years. I feel like I've always been a part of Wartburg, and that's really a special feeling that has continued right up through the present day."

Giving back to Wartburg has been a natural response. One of her favorite avenues for directing her support has been through charitable gift annuities, which are one of the most popular charitable giving options for those in, or approaching, their retirement years. "Gift annuities are the best of all worlds," Grayce says. "They will provide Wartburg with future funds to support its mission, and they also give me some additional income. The extra money I receive, especially around Christmas time and tax season, is always a nice ‘bonus' that I welcome."

Charitable gift annuities are attractive to donors for a number of reasons. These include very favorable payout rates, fixed annual payments for life, no fees of any kind, a tax deduction for itemizers, and the satisfaction of supporting the work of Wartburg. Grayce says, "It's a win-win for both the college and me. These have just been great for me, and I would encourage all our alumni and friends to seriously consider using charitable gift annuities as a wonderful way to support Wartburg."

Is a gift annuity right for you?

Immediate gift annuities provide current payments for individuals or couples, while a deferred annuity provides income at a designated future date. Both offer charitable deductions at the time of the gift, and gifts may be funded with cash, appreciated stocks and, in some cases, highly marketable real estate.

See How You Can Benefit!
To learn more about charitable gift annuities and to receive a personalized illustration at no obligation, contact Don Meyer, CFRE, director of gift planning, at 319-352-8487 or donald.meyer@wartburg.edu, or visit www.wartburg.edu/giftplanning.

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A charitable bequest is one or two sentences in your will or living trust that leave to Wartburg College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

The bequest language for Wartburg College is "I [name], of [city, state ZIP], give, devise and bequeath to Wartburg College, Waverly, Iowa, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Wartburg College or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Wartburg College as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Wartburg College as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Wartburg College where you agree to make a gift to Wartburg College and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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