Nathanson Fosters a Legacy of Giving Through Charitable Annuity

Leah NathansonLike 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."

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Degheri Alumni Center 206
5998 Alcalá Park
San Diego, CA 92110

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A charitable bequest is one or two sentences in your will or living trust that leave to the University of San Diego a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to the University of San Diego, a nonprofit corporation currently located at 5998 Alcala Park, San Diego, California, 92110-2492, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to USD or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to USD as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to USD as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and USD where you agree to make a gift to USD and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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