A Worried Man No More

Pete was a worried man. It’s not that he had any extraordinary concerns; he’s pretty much like the rest of us.

But Pete’s the type who watches out the window to see if the postal carrier is on time today. He reconciles his checking account immediately once it arrives, and he spends an hour or more each month reading his brokerage statement.

Then something new came along that eased his worried mind. A friend told him about a charitable gift annuity he’d had for a couple of years. Pete’s friend pointed out that the process was simple and the payments are like clockwork. Pete did a bit of research and was pleasantly surprised to discover what a gift annuity would do for him.

  • Satisfaction that his contribution would make a significance to the host charity
  • Partially tax-free payments during his life
  • Payments for the rest of his life, no matter how long
  • Backed by all the assets of the host charity
  • Stable payments, even if investment markets slump
  • A significant income tax charitable deduction on this year’s return
  • A report (Form 1099R) from the host charity in January for tax purposes.

Pete wrote a check, set up his gift annuity for semi-annual payments, and worries no more about what it means for him.

He even has those payments automatically deposited so he can confirm it when the bank statement arrives — and won’t need to wait for a check in the mail.

Set your worries aside by calling the Columbus Jewish Foundation at 614-338-2365.

Article appears as originally published in the Ohio Jewish Chronicle, Thursday, January 7, 2016.

Jackie Jacobs is the Chief Executive Officer of the Columbus Jewish Foundation, the Central Ohio Jewish community’s planned giving and endowment headquarters.

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