Issue link: https://www.e-digitaleditions.com/i/67451
> Development Column Planning ahead and for today Charitable annuity provides donor and Libraries immediate benefi ts I hope that so far 2011 has been good to you. It's been my pleasure to meet many of you over the past six months. I've enjoyed hearing stories about your time at CMU and great experiences with, and regard for, the Libraries. Megan Moreno Gift Annuity provides many benefi ts and at the same time can make a real diff erence in the future of the CMU Libraries. How it works: • CMU will send you a Charitable Gift Annuity agreement in exchange for your gift ($5,000 minimum in a check, stocks or bonds) to the Libraries. • CMU will mail you payments each year for the rest of your life. • Once established, fi xed regular payments of a specifi c amount can be counted on no matter what happens to fi nancial markets. • A charitable annuity may be established on the basis of two lives (such as yours and a spouse's), so that fi xed income payments are made until the end of both lives. Megan R. Moreno, '06 Director of Development and Community Outreach I'd like to take this opportunity to share an excellent way to make a planned contribution to the Libraries while generating a stable income for yourself for the rest of your life. A Charitable • Income payments are based on age at the time the annuity is established and are higher for increasingly senior persons. • At the end of your life (or the end of both lives with a two-life annuity), the remainder of the principal you've transferred will support the CMU Libraries' work in the area you've designated. Among the many other benefi ts of a Charitable Gift Annuity are an immediate charitable income tax deduction and, in most instances, payments that are partially tax-free. I'd be pleased to provide you with an illustration, based on your age, showing how a gift annuity could benefi t you. It could help you decide whether a gift annuity is an appropriate way to do yourself a favor and support the CMU Libraries at the same time. Whether you have an interest in gift annuities or other information about other opportuities to give to the Libraries, please contact me at megan.r.moreno@cmich.edu or 989-774-1826. 6