Nathanson Fosters a Legacy of Giving Through Charitable Annuity
Like most Americans who struggled through the recent economic recession, Leah Nathanson is extremely cautious about where and how she invests her money. However, her investment in the future of the University of San Diego through a charitable gift annuity has paid off handsomely — both personally and financially.
"In these tough economic times, it's very important to understand what the benefits are when making a charitable contribution," Nathanson says. "I have found that charitable gift annuities serve two important functions; first, you get a tremendous sense of personal satisfaction by supporting education, but you also receive financial benefits from your contribution, and that goes a long way in encouraging potential donors."
Charitable gift annuities are simple contractual arrangements allowing donors to give cash or appreciated securities to USD in exchange for a guaranteed lifetime payment for the university. The donor receives an immediate charitable deduction and a portion of their income payments may be tax-free for several years. When they pass away, the remaining original gift can be used by USD for scholarships or to support a program special to the donor.
Nathanson is a strong supporter of the charitable gift annuity because "it shows that you don't have to be a millionaire to make a significant contribution to the university. When John Phillips (director of the Office of Planned Giving at USD) told me about the charitable gift annuity, I was very excited because it allows you to give small amounts and still make a difference."
In Nathanson's case, both of the charitable gift annuities she established will support a program very near and dear to her heart — the Nathaniel L. Nathanson Memorial Lecture Series. Founded by Nathanson in honor of her late husband and former USD Law Professor Nathaniel (Nat) Nathanson, the lecture series is now in its 25th year of offering continuing education to USD law students and the local legal community - something Nathanson is understandably quite proud of.
"My husband loved USD dearly, and so do I," she explains. "I felt that establishing [the lecture series] would be a great way to give to USD on a more permanent level. It's been wonderful to see the program grow in success and notoriety over the years; I'm sure Nat would be very proud. I know I am!"
While a lot has changed in the three decades since Nathanson first became involved with the University of San Diego, she commends the university's continued commitment to the mission and core values established by founders Bishop Charles Francis Buddy and Mother Rosalie Clifton Hill, and sees that commitment as something worth investing in.
"Both Nat and I felt very strongly about USD's focus on the full development of its students," she says. "By establishing these charitable gift annuities, I feel like I am doing my part to insure that future generations have the chance to take advantage of the wonderful opportunities USD offers."
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
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