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Mary Ann & Dick Cook Legacy Society
The Mary Ann and Dick Cook Legacy Society is named in honor of the Cooks' leadership and generous support in the area of planned giving. "When Dick and I began to think seriously about our legacy we knew we wanted to provide support to CVI that would last long after we are gone," said Mary Ann Cook, longtime CVI volunteer and donor. "Planned giving is a way for us to extend our commitment to CVI to benefit the next generation. We can do this today as a way of ensuring a continuing benefit to CVI, just as we have done for our family."
CVI is deeply grateful to Mary Ann and Dick Cook for their visionary leadership in the area of planned giving.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to CVI as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to CVI as a lump sum.