Dr. and Mrs. C, ages 65 and 68, now retired, would like to establish a scholarship endowment in their names for the benefit of needy students who are preparing to become school teachers. They have $75,000 of appreciated stock, which they split by giving $25,000 outright to establish the endowment while they are living, and $50,000 for a charitable gift annuity that will provide income for the C's during their lifetimes. Their ultimate goal is to build their endowment up to $100,000. They do this by naming the endowment as remaining beneficiary of their gift annuity and bequeathing a residual percentage of their estate when they both pass away.

Dr. M decides on a two-step plan that should meet all his objectives. He places $1,000,000 of his appreciated assets in a Charitable Remainder Trust that provides him and his wife with income during their lifetimes, and he names the Chair as the remainder beneficiary. He also purchases a second-to-die life insurance policy for $1,000,000 naming Temple owner of the policy and the Chair the beneficiary. All premiums paid for this policy are tax-deductible. Note: There is also an immediate income tax deduction for the remainder value of the Charitable Trust.

---

• Establishing an Endowment at Temple
• The Charitable Gift Annuity
• Pooled Income Fund
• The Charitable Remainder Trust
• The Deferred Payment Charitable Gift Annuity
• The Charitable Lead Trust
• Bequests
• Life Insurance
• Retirement Plan
• How the Repeal of Estate Tax Will Affect You
• Request more information