The Peg Brown Legacy League

At the 2006 Pillars of the Community Gala, Arapahoe House unveiled a new planned giving society, the Peg Brown Legacy League.  The League is named in memory of a founding board member.  It will recognize those individuals who have included Arapahoe House in their estate planning to ensure that future generations will have the opportunity to access quality programs.  Lynn Miller Doyle, Recovery Foundation Board President and Honorary Chairwoman of the League, recognizes charter League members, who have arranged bequests, life income gifts (annuities or trusts) or gifts of life insurance and real estate for Arapahoe House.
 
We thank the following Peg Brown Legacy League charter members for their foresight in providing gifts that help ensure a strong future for Arapahoe House and those we serve:
Lynn Miller Doyle — Chairwoman
Anonymous
Jeffrey Hawks
Robert Pipkin
Christine and Clayton Powers
Virginia Powers
Dr. Richard Stieg and Lucky Gallagher

Immediate Past President Lynn Miller Doyle

Peg Brown

If you are interested in designating Arapahoe House in your will, insurance policy, retirement account, setting up a charitable trust, charitable annuity or other planned gift, contact Kristin Gibbs at 303-412-3641.

Charitable Gift Annuities
One Example of A Win/Win Planned Gift

By setting up a charitable gift annuity with Arapahoe House, you may receive a fixed income stream for your life and make a significant contribution to Arapahoe House at the same time.

Potential Benefits to you:

• charitable deduction for gift value
• fixed income, partly tax free
• reduction of capital gains tax
• reduction of estate tax
• no setup costs

Here's one example of how it could work:

Mary has been a loyal Friend of Arapahoe House, giving a special gift each year. She had always wished she could do more to help those suffering from substance abuse. When she read that she could make a gift that would pay her back a life income, part of which was tax free, she was anxious to find out more.

After consulting with her financial advisor, Mary sent Arapahoe House $50,000 worth of low-dividend-paying ABC Company stock that she had purchased many years before for $10,000 to set up a charitable gift annuity. With this gift, Mary will qualify for an approximate tax deduction of $24,961.

Mary will also receive a 7.2% return on the $50,000 gift in the form of quarterly payments totaling $3,600 each year for the rest of her life. In addition, $346 of each year's $3,600 in payments will be tax-free for the first 14.5 years.

Mary owes no capital gains tax at the time of her gift. Instead, $1,383 of her annual payments from the gift annuity will be taxed as capital gain in each of the first 14.5 years of payments. (The 14.5 years is calculated based on her age of 72.)

If Mary were to have sold and reinvested this stock instead of using it to set up a charitable gift annuity, she would owe tax on $25,000 of capital gain.

Mary has increased her income; saved income tax, capital gains tax, and estate tax; and received the great satisfaction of knowing that her planning and generosity will benefit our community

For more information or specific illustrations of how a charitable gift annuity could benefit you and Arapahoe house, please contact Chris O’Brien at 303.412.3713.