Gift & Estate Planning
Making 'Someday' Happen Today
Whether you're a novice or practicing philanthropist, it feels good to give gifts. It can be especially gratifying to make a long-term commitment to an organization that means a lot to you. Many Burroughs families tell us they are happy to remember JBS through their estate planning, but wish at the same time they could do more to support the school now. Many are surprised at the impact they can make by blending a gift today with a future, planned gift.
Perhaps you plan to establish an endowment benefiting JBS through your will, with the school realizing the gift after your estate is settled. You could, however, see the impact of your gift during your lifetime by funding the endowment payout now.
For example, if your intent is to set up a $100,000 tuition aid scholarship, that fund would generate approximately $4,500 in scholarship income. You could blend your future gift with a pledge of $4,500/year to support a student today. By doing this, you can enjoy the student's journey through JBS, and send him or her off to college fully prepared. We're putting it simplistically, but this is truly a way for you to have your cake and eat it, too!
Annual gifts like these can come from a variety of sources—cash, securities, IRA distributions and more—many with the added benefit of providing you with an annual tax deduction. If you are interested in discussing the various options available for making your intentions to support JBS a reality, please contact Ginger Imster at 314-993-4045 ext. 256 or firstname.lastname@example.org.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.