Want to increase your income while providing a legacy for Baptist Theological Seminary at Richmond? Read this:

Frank and his wife, Marjorie, are 80 years old. Among their assets is $100,000 in Proctor & Gamble stock that they purchased many years ago for $20,000. That stock now provides Frank and Marjorie approximately $2,000 per year (2%) in dividends. They know that if they sell the stock they will have to pay capital gains taxes on the $80,000 profit in value from when they bought the stock.

They decide to give the stock to BTSR. BTSR sells the stock and uses the $100,000 to form a Charitable Gift Annuity that pays Frank and Marjorie approximately $9,000 per year (9%) for the rest of their lives.

Frank and Marjorie have increased their income by $7,000, have avoided paying any capital gains taxes on the $80,000 profit, and have provided a financial legacy for BTSR to use after their deaths.

There are many tax-wise, philanthropic mechanisms such as this that can provide for your needs as well as those of your children and other heirs.

Contact the BTSR Advancement Office to learn more: (804) 204-1224.