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Creating Opportunity

Alumna Sally Sample's Gift Benefits Her and Future Nursing Students
Posted October 21, 2014
Future nursing scholars will benefit from a charitable gift annuity established by alumna Sally Sample, Nurs ’54. Her gift brings advantages to her, too, including a tax deduction and annual income. IMAGE: Lorraine DarConte Future nursing scholars will benefit from a charitable gift annuity established by alumna Sally Sample, Nurs ’54. Her gift brings advantages to her, too, including a tax deduction and annual income. IMAGE: Lorraine DarConte

Sally Sample, Nurs ’54, always knew she would give back to the Johns Hopkins School of Nursing. She credits Johns Hopkins for launching her 40-year, distinguished career in nursing service and education. “I always say, ‘I am a Hopkins Nurse.’ I still take pride in the education I received,” she says.

Sample held collaborative leadership roles at top academic medical centers around the country, so it’s no surprise that she wished for her philanthropy to provide opportunities for future nursing scholars. Now retired, how could she make a meaningful gift while staying on the path of financial security?

A charitable gift annuity (CGA) allows Sample to achieve both her philanthropic and her financial goals. In return for her gift, Johns Hopkins invested the funds and now pays Sample a set dollar amount each year her for the rest of her life. She also received an immediate income tax deduction for a portion of her donation, and part of her annuity payment is tax-free. Upon her death, the remaining funds will support the School of Nursing.

A CGA can be created with a gift of $10,000 or more of cash or appreciated securities, receiving favorable treatment of capital gains tax if funded with the latter. Income beneficiaries, up to two, must be at least 60 years old for payments to begin, and payments can start immediately or be deferred, which allows for a higher payment rate.

Those who establish a charitable gift annuity like Sample are welcomed into the Johns Hopkins Legacy Society, honoring individuals who make a bequest commitment or life-income gift to any area of Johns Hopkins.