Benefit FHL … and Increase Your Retirement Income
by Cara Mathison
FHL has a diverse landscape of donors whose gifts prove crucial to the ongoing strength of the institution. There are a myriad of ways to support FHL through giving, and one increasingly utilized gift vehicle is the charitable gift annuity. A charitable gift annuity benefits both FHL and provides income to the donor during their lifetime. In the past several years, generous benefactors Katherine Graubard and William Calvin, and Alan and Marian Kohn, have chosen to support FHL in this way.
What is a charitable gift annuity, and how does it work? A charitable gift annuity is a simple contract between you and the University of Washington. It is a popular option with donors who seek lifetime fixed income payments (especially during retirement years), and who wish to maximize their tax-free income. Gift annuities may be funded with cash, certificates of deposit, publicly-traded securities, and similar assets. You will be entitled to an income tax charitable deduction for part of the value of the assets you transfer to the University. Everyone benefits from this collaboration—the donor who receives tax benefits, the individual who receives a guaranteed income for life, and FHL, which receives a future gift to benefit students, faculty or programs.
A gift annuity may be especially appealing if you want to supplement your retirement income and make a gift to Friday Harbor Laboratories. It is also an ideal way to fund a University endowment that can bear your name in perpetuity. The ultimate benefit, however, is the satisfaction of knowing that your gift will provide vital future support for students, faculty, research, facilities or programs at FHL.
We are grateful to the Calvin Graubards, and to the Kohns, for both their long-term vision as donors and for their meaningful contributions to the collective knowledge and community of FHL.
If you would like to learn more about a charitable gift annuity, please contact Cara Mathison at the UW College of the Environment (caram@uw.edu/206-685-1456) or Marcie Hinthorne (marcieh@uw.edu/206- 616-6814) in the Office for Planned Giving for a confidential consultation.
