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Charitable Gift Annuities: Good For U K And Alumni
A charitable gift annuity is a contract between you and the Uni- 4. Removal ofthe asset from your estate for federal estate tax and
versity of Kentucky. It allows you to make a generous gift to the probate fee calculations.
university while providing a guaranteed income stream to you, or
to you and another person for life. At the last beneHciary’s death, Gift Annuity P¤1Y0nt R¤1t€$
the remaining balance is available te UK, and can be designated The university fellows the rates reeeininended by the Aineriean
for unrestricted use or to provide scholarships, support students, Ceuneil en Gift Annniti€$· Alumni and l_ti€n€l$ can eentaet Ont 0tl:l€€
faculty gy Pyggygmmgtic Cgug€g_ {lf gIl'lZ3.HdCS`[€1`[C@lll{}lCdl1 OI     Il`·yOLl WOLlld   assis-
tance based on your own situation. Dion Guest or Ford Stanley will
Benclits be happy to assist with preparing calculations or other information.
In addition to the satisfaction you’ll feel in providing for your
alma mater’s future, there are numerous Hnancial and tax beneHts: USC A Deferred Payment Gift Annuity T0 Supplement
1. Gl121I21I'1[CCd €1I'IHl1€ll income * in HIOSAIZ CHSCS, PHFZ OfC€lCl'l 21I'IHl1· Your Retirement Funds
ity payinent is a tan-free return efprineipab inereasingeaela With a gift annuity, alumni also have the ability te defer the in-
P¥iYnl€nt)$ ¥itt€l·t¥iX Villtl€· come until a later date, such as retirement, while claiming an im-
2. A charitable deduction for a portion ofthe transfer that repre- mediate income tax deduction. You may determine the deferral
sents a future gift to the university (often 30 to 50 percent of period, and make the annual income higher when the payments
the value ofthe annuity). begin. Like the current charitable gift annuity, when funded with
3. Reduction ofcapital gains tax, ir funded with appreciated appreciated assets a tleletretl gift annuity enables a pattien altlae
assctsl appreciation to escape capital gains tax entirely.
See Blue! Make A Difference! UK Fellows To Enjoy A 'G rand
On February I3, UK President Lee T. Todd ]r. and • • • I
UK men’s basketball coach ]ohn Calipari unveiled N lg   For   ng I ng
A major l—uHd_miSipgipitiatiVc in from Ola Rupp It is time once again for another wonderful performance of
Arma Crowd packed with alumni and l-am l-Ol_ l" Broadway and pop favorites performed by the talented members
lowing ESPN GamCDay’ The Prcsidcpps SChOl_ l__ I v_ M H Ul l ofthe UK College ofMusic. This year, the UK Fellows Society
arship Initiative — themed “Scc Blue, Make u   will €n)0y a light buffet on Friday, ]une 1  at the King Alumm
Dil_~{CIcpCc»» _ Seeks to provide more Kentucky sllilllngllgip House prior tp the show. Free parking will be available.
Students with the Opportunity to Cam A College dc_ Tickets for Grand Night may be purchased by calling the Sin-
gfccl gletary Center for the Arts at 859-257-4929. Fellows Society
“This project speaks to our commitment to the people of Ken- members: Watch Your mall for matt mformauon
tucky,” noted To dd. ‘ZAs Kentucky’s flagship, land-grant university,
our core mission is to provide a world-class education to students   J
across the Commonwealth. This initiative will help us make sure /,.,_
the doors to this university remain open to all those who deserve y     
the opportunity to receive a UK education.” f . e. [
Coach Calipari, serving as co-chair ofthe President’s Scholar-    
ship Initiative, said, “I remind the players all the time that they are “ " ‘
not simply here to play basketball? adding, "We must use our plat-
form for the greater good — to impact lives and communities
across the Commonwealth. As excited and honored as I am to re-
turn Kentucky basketball to its rightful place as the nation’s pre-
mier college basketball program, I am just as motivated to help
this university fulHll its Top 20 mission of creating a healthier,
wealthier, and better-educated Commonwealth.”
The President’s Scholarship Initiative will call upon all of UK’s
alumni and friends to help continue the institution’s growth and
influence on the Commonwealth, the nation, and the world. VVVVVV• u   u ld   l O p m E  
www.uka|umni.net 15 ((