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Good Counsel: A Gift That Goes a Long Way

By Jonrie Dávila, '81, Senior Associate Director, Office of Planned Giving

Jonrie Dávila

Fall 2017

"Take Care of Yourself, Take Care of Stanford" is more than just a phrase we like to say. A charitable remainder trust is a perfect example of a gift that does precisely that. You enjoy tax benefits and receive income from the trust, usually for the rest of your life, and when the trust terminates Stanford receives the trust assets.

For people like Kent Kaiser, the primary goal in making a planned gift is to support a valued charitable organization in the future. Kent has been deeply involved with Stanford for his entire adult life. His life income gift to Stanford allows him to enjoy some tax savings and receive income while knowing that ultimately the university he loves will also benefit.

The tax benefits associated with establishing a charitable remainder trust and the income that the donors or their loved ones may receive are just some of the important considerations in making a life income gift. The decision to create a life income gift should be made in view of your overall financial situation and goals because these gifts are irrevocable and for the long term.

The staff in the Office of Planned Giving are happy to explore with you the options for these types of charitable gifts and help you think about whether such a gift is right for you. We are happy to talk with your tax and legal advisors as well.