The Jetton Deferred Giving Society
The Jetton Deferred Giving Society was
established in 1997 to recognize donors whose support of The Pines extends
beyond their lifetimes. The Jetton Deferred Giving Society was named in
honor of Sarah Elizabeth Jetton, and to memorialize her late brother,
William Howard Jetton, whose leadership and generosity were instrumental
in the establishment of The Pines.
Those individuals who have made a
provision through their will or estate plan, through a gift of life
insurance, charitable life income plan, trust, or through an IRA or
retirement plan are eligible for membership in the Jetton Deferred Giving
Society.
Why a
Deferred Gift?
Often individuals want to support the mission of The Pines but are
concerned they may need their assets in the event of a long-term illness
or other catastrophic event. A deferred gift allows you to make a gift
to The Pines after your needs have been met. A deferred gift is
generally a gift The Pines receives following the donor’s death.
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Examples include: |
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Bequest: An outright bequest may be made through a will -
either of a specified amount, a percentage of your final estate,
or the residue of your estate after all other specific bequests
have been made.
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Trust: The Pines can be designated as the remainder
beneficiary of a trust arrangement.
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Life Insurance Policy: The Pines may be named as beneficiary
on a life insurance policy.
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Retirement Plan or IRA: You may designate The Pines as the
beneficiary of your retirement plan, IRA, or annuity payable
upon your death. As a non-profit, The Pines is not subject to
income or estate taxes on retirement plan assets.
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Charitable Gift Annuity: In exchange for a gift of cash or
securities, a guaranteed fixed amount is paid to you (or to you
and your spouse) each year for life. The Pines receives the
remainder after death. Charitable Gift Annuities offer favorable
tax treatment as well as attractive income returns for life.
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Is a Minimum Gift Required?
There
is no minimum amount required for a bequest gift, life insurance policy,
or gift of a retirement plan or IRA. Charitable gift annuities may be
completed with as little as a $2,500 gift. The only requirement for
Jetton Society membership is that the gift be deferred.
Benefits of a Deferred Gift
The greatest benefit from any deferred gift is the satisfaction that
comes from knowing you are helping to ensure that The Pines at Davidson
will continue to fulfill its mission well into the future.
Another benefit is the peace of mind that
comes with the knowledge that your estate plans are in order and your
charitable intentions will be fulfilled upon your death, after your needs
and those of your loved ones have been met.
Additionally, many deferred gifts receive
favorable tax treatment. Capital gains taxes can often be avoided or
deferred, and some deferred gifts offer charitable gift deductions on your
federal income tax.
