Giving Stories
It Only Takes a Spark
September 23rd, 2008
At their 30th reunion in 1983, Beach Hall '53 and Marianne "Kellie" Kalivoda Hall '53 attended a seminar about estate planning. Information presented about deferred charitable gift annuities sparked their interest.
"It sounded like a win-win," says Kellie.
After thinking about how a deferred annuity might fit into their financial planning, they did their first deferred gift annuity in 1986. They did another one in 1987. And another one in 1988. And in June, when back on campus for their 55th reunion, they established their 13th deferred gift annuity.
No, they're not trying to be the poster children for this type of gift. Their series of annuities is the result of carefully considering how to manage their taxable estate and set up a stable income stream for when it's needed most.
"We've been attracted to the deferred option because of the larger tax deduction and greater rate of return," says Kellie. "We funded all of them with appreciated stock as a way of softening capital gains taxes."
Beach and Kellie also have Carleton in mind. "We've been supporting Carleton since graduation," says Beach. "We've been very blessed and believe in supporting the institutions and organizations that are important to us."
At the time of their 50th reunion, the Halls also designated Carleton as a beneficiary of their retirement accounts. This gift, in combination with the proceeds from their annuities, will be used to fund an endowed scholarship.
The benefits of deferred charitable gift annuities are many, but for Beach and Kellie it has now become a way of giving to Carleton that will help future generations of students attend Carleton and receive an exceptional liberal arts education.
Both Beach and Kellie agree that's the ultimate win.
From the Fall 2008 Heywood Society Newsletter.
Read other stories about Heywood Society members.
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