Changing the World, One CGA at a TimeSummer 2016
As they considered retirement, Chuck and Mimi Hanzel were delighted that the value of their home had increased, but they faced significant taxation on this capital gain. They also had concerns about monthly income in the future. Then they learned that a charitable gift annuity (CGA) would give them a significant tax deduction and a monthly income for life. Most importantly, it would enable them to help change the world through philanthropy.
It was this last factor that inspired Chuck and Mimi to create two charitable gift annuities that would benefit four nonprofits, one of which is their new home, MonteCedro. They chose to support MonteCedro’s Employee Education Fund by endowing the Chuck and Mimi Hanzel,
In addition to MonteCedro, the
“The mechanics of these gifts help us with taxes and monthly income, but our main goal is to give back to our community and to make a difference in people’s lives,” says Mimi. On behalf of the MonteCedro family, we are grateful to the
Above photo of MonteCedro residents, Chuck and Mimi Hanzel.