As the former vice president and treasurer of Trinity College, Bob Pedemonti '60, MA'71 was especially interested in how a life-income gift could be beneficial to Trinity and to himself. He was delighted to learn that a charitable gift annuity would provide Bob and his wife, Ronnie, income of nearly 5 percent of his original gift for the rest of their lives.
"Another nice thing is that at income tax time each year, a good portion of the income is tax-free," Bob said.
Bob chose to direct the remainder of his gift to The Pedemonti Family Endowment, which is used by the Follow the Bantams Raether Library and Information Technology Center to purchase books and materials in the field of corporate finance. The fund was established in honor of his parents, Maria and Silvio Pedemonti, and has continually grown through gifts from Bob and his family.