The Meaning of a Charitable Gift Annuity: Retired Teacher Talks About His Legacy Gifts to UCS
Growing up near the Atlantic coast in Durham, New Hampshire, Richard Leavitt developed a deep and abiding respect for the woods, meadows, salt marshes, and estuaries that surrounded him. Now, living in a similar environment in Provincetown, Massachusetts, he tries to protect it through his support of the Union of Concerned Scientists.
A retired teacher of the sciences and humanities, Richard has traveled widely during his lifetime and spent eight years living in Japan. He has seen and read about much of the environmental devastation that has occurred around the globe, which has led him to believe strongly in the thoughtful research and technical analysis that UCS uses to address some of the most critical environmental challenges faced by the planet.
In addition to supporting UCS with generous annual support, Richard has chosen to further his commitment by establishing two charitable gift annuities. “I would have left a bequest to UCS anyway, so the gift annuity allows me to support the organization, do what I can for the environment, simplify my will, and receive an immediate financial benefit,” he explains. Richard also likes the reliability of the charitable gift annuity; the regular payments allow him to escape the ups and downs of the stock market. He adds, “I trust UCS to use my money exactly as I would want.”
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