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Letter from the Director Dear GBMC Friends, In 2003, after working for six years in the Trust Division of Maryland’s largest independently owned bank, I welcomed the opportunity to go to work for one of my clients -- GBMC. It was an easy decision, because my family and I thought the world of GBMC after doctors and staff saved my son’s life with an emergency C-section delivery and six weeks in our Neonatal Intensive Care Unit (NICU). As a VP at Mercantile Bank, I worked with more than 60 charities along the East Coast administering their planned giving programs. I knew all about the various types of planned gifts: from gift annuities and charitable trusts to bequests and IRA beneficiary designations. I routinely spoke to people who contributed to my client charities, but I wanted to work with them on a more personal basis representing an organization in whose mission I firmly believed. I have been very lucky. I am working for the institution that gave my wife, Caroline, and me our son. I am also building relationships with GBMC supporters and facilitating gifts that help them achieve their estate planning goals while ensuring GBMC’s future. GBMC’s Office of Gift Planning ranks among the top programs in the region, because people are grateful and care about our future -- They want GBMC to be there for their loved ones, as it has been for them. Every day, I talk with people who want to know more about planned giving. Simply put, a planned gift is given in the context of a person’s overall estate plan and usually pays the contributor an income for life. Once folks understand this, they want to know how a gift annuity can supplement their retirement income or how they could avoid capital gains taxes and reduce income taxes by giving appreciated stock. Now is a great time to consider a planned gift. With the Pension Protection Act of 2006, you can give up to $100,000 from your IRA ($200,000 per married couple) and pay NO income taxes, if you contribute before December 31, 2007. And, it is always a good time to contribute to a Charitable Gift Annuity where you can receive income for the rest of your life. Please call me at 443-849-3303 to discuss how to turn your highly appreciated stock into an annuity that pays you between 5.5% and 11.3%, depending upon your age. Your planned gift also qualifies you for membership in our prestigious Elizabeth Duncan Yaggy Society. All the best,
GBMC Foundation Planned Giving content ©2008 VirtualGiving |