When Carol Baker decided to sell appreciated stock, she did her homework. "I didn't want to pay capital gains tax," she says. "So I used the stock to fund a charitable gift annuity with Americares. This way I have more to give."
The thrifty retiree who volunteers in her Texas community was initially attracted to Americares because of its global health work and ability to "get more bang for each buck," she says. The fact that Americares is first on the scene after disasters is important, as is Americares collaborative work to create sustainable improvements at the local level. "I believe in teaching people to fish rather than feeding them," Carol says.
A passionate traveler, Carol recently volunteered for a census of wildlife in Malawi. Giving time and treasure has real value for Carol. "The more we give, the more we get," she says.
Carol also named Americares a beneficiary of her IRA and she recently made a gift as part of Americares Legacy Match Challenge.
Information contained herein was accurate at the time of posting. 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.