| Participating
in the charitable gift annuity program through the Glendale College
Foundation is a little like putting something away for a rainy day. By
making a gift of cash or securities, a donor will receive not only a
charitable tax donation but a guaranteed fixed income for life.
This program is about helping Glendale College in the future. The
annuity is a contract whereby the donor contributes cash or securities
($5,000 or more) in return for a current-year charitable tax deduction
and a fixed income beginning at the minimum age of 60.
The income is based on the age of the donor, the amount of the
gift, and the age at which the donor chooses to begin distribution. At
the time of the donor's death, the remaining principal of the annuity
goes to the Glendale College Foundation.
This outstanding contribution option is presented in conjunction
with the California Community League and the Network of California
Community College Foundations.
Political Science Professor Mona Field sees the annuity program
as a great way to make a financial contribution to her future while
supporting the college at the same time. "I really believe in
supporting the institutions that deliver to the public a service like
Glendale College does, and the annuity program is a wonderful investment
for me," Field said. "I'm absolutely thrilled to be giving my
$5,000 check to Ann Ransford and setting up the annuity. I hope that
everybody at the college will consider this investment because it is
really a safe and wonderful way to invest in the future of the college
and their own financial future."
For more information or for assistance in setting up a charitable
gift annuity through the Glendale College Foundation, please contact Ann
Ransford at x5199.
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