In addition, if the gift is funded with stocks or mutual funds, the College will need the donor's cost basis and date of acquisition for each holding. The donor's income tax deduction is calculated using an IRS formula based on factors such as the annuitant's actuarial life expectancy, the annuity rate, and the current IRS discount rate. The College will calculate the donor's deduction and provide any back-up information needed by the donor's accountant or tax preparer. Gift annuities can be a compelling, tax-wise way to make a fiftieth reunion gift. To see how these benefits could add up for you and the Class of 1951, contact the Carleton Development Office and ask for additional information on charitable gift annuities.
All inquiries are confidential and completely without obligation.
This organization was started in 1995 as a way for the College to recognize and thank individuals who are making a commitment to Carleton's future. In just five years, the Heywood Society has grown to include more than 900 members, spanning eight decades of Carleton alumni. If you have included the College in your estate plan, please notify the Carleton Development Office. The College would be honored to welcome you as a member of the Heywood Society. Click here to go back to the Class Gift Page.