Jack A. Smith, Class of '49
Jack A. Smith '49 and his wife Peg (Oberlin '55 ), wanted to make gifts to both of their alma maters. They decided to establish a gift annuity at each college to say "thank you," and to help future students receive the same educational opportunities they received. Since they used cash to create their annuities, about half the income they receive from their alma maters is tax-free.
If you would like to join this good company, please contact the Office of Gift Planning for more information.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.