In honor of his 50th Reunion, John Rice ’69 knew he wanted to make a gift that celebrated the success of Trinity Football and the leadership of Coach Jeff Devanney ’93. To make his impact, Rice set-up a charitable gift annuity by transferring highly appreciated securities, to be designated to the football endowment. In return, he received an immediate tax deduction and will enjoy quarterly fixed payments from the annuity for the rest of his life.
As a student, Rice was a play-by-play announcer during Trinity College football games, which fostered an enduring passion for Bantam Athletics. He remains a loyal fan of Trinity Football, and travels to campus from New Hampshire for at least one game a year—and often catches the rest on his phone as a spectator during UNH Wildcats games.
Trinity just announced the launch of its Athletics Campaign, which includes an effort to build endowment funding for all varsity sports. Rice is proud to be a part of this initiative. “I feel great about making an investment into such a remarkable program,” he said. “You can tell how dedicated the coach is to the team and the game. This gift is to ensure the Bantams stay on top.”
A charitable gift annuity (CGA) is a simple contract that provides advantages for the donors and for Trinity. The payout rate on a charitable gift annuity is a fixed rate based on the age of the annuitant(s) at the time the gift is made. Trinity invests the annuity amount and, when the CGA matures, the remaining proceeds provide valuable support to Trinity. Charitable gift annuities may be funded with cash or securities. Payments may be made to one or two annuitants for their lifetime(s).
For Rice, his gift will keep him connected to those fall Saturdays he spent announcing winning plays on the football field. With this being his first major gift to Trinity, he said it “has shown how proud I am to support Trinity Football, and I hope others follow with their own support.”