Donor Stories

Ron '62 and Clarice Rubek grew weary checking their stock portfolios. It just wasn't fun anymore, watching them go up, down, up and down again. They had better places to expend their energy. Sound familiar?

The Rubeks found a great way to take the pressure off, ensure themselves future fixed payments for life and fulfill their charitable intent to provide scholarship support for UNI students. They transferred a portfolio of appreciated securities to the UNI Foundation and created a deferred charitable gift annuity.

A deferred CGA can increase your cash flow, as it typically has a higher rate of return than your current investments. As the name Deferred Charitable Gift Annuity denotes, the Rubeks did not wish to receive their payments immediately, so they deferred them to a later date. "We look at it as a pension plan," explains Ron. "In the meantime, we don't have to worry about what the market is doing."

The Rubeks also set up a CGA with another charitable organization, using depreciated securities. Although it is more desirable to fund a CGA with appreciated securities, that may not always be an option. Selling the losers in your portfolio and donating the proceeds to a CGA or charitable trust not only gives you a charitable income tax deduction, but you can also use your capital losses to offset any capital gains.

Another opportunity for funding a CGA or charitable trust is through real estate. Despite an uncertain economy, perhaps you hold marketable property (developed or undeveloped) that has appreciated over the years but provides little or no income. Donating the property to a CGA or charitable trust will give you dependable payments for life, and you will receive an immediate charitable deduction.

By transferring a significant stock portfolio to the UNI Foundation, the Rubeks no longer have to concern themselves with market conditions. They'll have fixed annuity payments at the time they choose to take them and, best of all, they'll be supporting an institution that has played a major role in their lives.

For more information please select one of the following options:

1. You may also be interested in knowing how a deferred gift annuity can benefit you. If you would like to see your payout rate at the age you might wish to begin receiving income, then click here.

2. If you would like to request a printed illustration of a deferred gift annuity with your payout rate, then click here.

3. To learn more about giving options including current and planned gifts, you may print the Deferred Gift Annuity brochure. Click Here.