Magis FALL 2011

Gift Planning Options for You

… continued on page 5

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“Doing More for Others”

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A lifetime of service to the JFRC

program. “I think JFRC leadership is very dedicated to the vision of John Felice. Father Garanzini is committed to making this a jewel of Europe—the finest study-abroad program on the continent,” he says. “They just finished the new library. They expanded the summer school. There’s talk about starting an alumni week of study. The key thing is to increase support to the JFRC.”

Slotkowski thinks the JFRC’s mission is critical. “Travel is education,” he says, “and the more you understand other societies, the better you can contribute to the world.”

Leonard Slotkowski Jr. created his legacy to support tomorrow’s Rome Center students. Contact us today to learn how you can create your own legacy of giving.

Leonard Slotkowski Jr. … continued from cover

‘It transformed me into someone who viewed the world internationally.’

— LEONARD SLOTKOWSKI JR. (JFRC ’65–’66, BA ’69, MED ’72)

Ready to helpWhen you have questions about making a gift to the John Felice Rome Center, the Gift Planning team is ready to answer them. Please call or write us. For more information, return the attached reply card to receive a complimentary copy of Loyola’s Planning Your Legacy, A Guide to Wills and Trusts.

Jamie OrsiniLoyola University ChicagoOffice of Gift Planning820 N. Michigan AvenueChicago, IL 60611

P: 800.424.1513W: LUC.edu/plannedgiving E: plannedgiving@luc.edu

Magis is published by the Office of Gift Planning at Loyola University Chicago on a periodic basis.

This publication illustrates general concepts and ideas in tax and estate planning. The articles are not

intended as legal services or advice. You should consult with competent tax and legal professionals as

to the applicability of any items to your personal situation.

Copyright © 2011 Crescendo Interactive, Inc.

“I came back a different person.”

Information Commons

The JFRC’s new Information Commons is one of the most advanced librar-ies in Rome.

Kate and John Felice with Leonard Slotkowski Jr. (JFRC ‘65–’66, BA ‘69, MEd ‘72)

The John Felice Rome Center forever changed Leonard Slotkowski Jr. (JFRC ’65–’66, BA ’69, MEd ’72). He has

returned to Rome over 15 times since his original trip, was one of the founders of the JFRC alumni board 13 years ago and served as past president, and he’s now created a personal trust with a specific distribution of $50,000 to the JFRC for student scholarships.

An Oak Park native, Slotkowski chose Loyola for its cosmopolitan identity. He studied abroad in Rome in 1965–66 as part of the last class at the original campus, CIVIS, located behind the 1960 Olympics stadium.

“I was fascinated with European history, and I wanted to travel to the place about which I had studied,” says Slotkowski. He wasn’t disappointed.

It wasn’t just the grandeur of the locale that made Slotkowski’s time in Rome memorable—it was also the people he met. “It’s an exceptional community. We became extended family.”

After graduating from Loyola, Slotkowski became a teacher and went into the family business of sausage and casing manufacturing. He retired this past summer, but still spends some time as a startup business consultant. In October, for the third time, he traveled to Poland with John Kurowski (JFRC ’73–’74, BA ’75) to hold a symposium on social justice for JFRC and Polish students.

A lifelong supporter of the JFRC, Slotkowski encourages others to invest in the future of the

‘Travel is education. The more you understand other societies, the better you can contribute to the world.’

— LEONARD SLOTKOWSKI JR. (JFRC ’65–’66, BA ’69, MED ’72)

LUC.edu/insieme

Magis 5 Fall 2011

Charitable IRA Rollover—Act Now Before Time Runs Out

JFRC students at the Colosseum

initiative, school, or program closest to you at the JFRC.

Perhaps you like the idea of a chari-table gift annuity, but you want an even higher payout rate than the one designated for your age. You do have options, especially if you are just starting to think about your retire-ment or are already retired and can wait for your charitable gift annuity to start payments.

A deferred gift annuity is identical to a regular charitable gift annuity except that you can elect to wait a number of years before receiving your first payment. Generally, the longer you wait to receive that pay-ment, the higher the payout rate will be, even if you are funding an annuity for two people.

The deferred gift annuity, like an immediate gift annuity, features a fixed payment rate and tax benefits. Normally, the income tax deduction is higher for a deferred gift annu-ity. If you are interested in receiving payments from a gift annuity right

Whether your retirement is on the distant horizon, or if you welcomed it years ago, you can take action today to enhance your future finan-cial security. A gift annuity is a useful tool that assists in planning for today and tomorrow by provid-ing guaranteed payments for life while supporting the mission of the John Felice Rome Center. By know-ing your gift planning options, you can achieve the peace of mind that comes with receiving a steady stream of income and the great satisfaction

of helping a loved one as well as a favorite institution, like the JFRC.

Through a simple contract, you agree to donate cash, stocks, or other assets in return for a fixed payment to you (and/or someone of your choice) each year for the rest of your life. With a charitable gift annuity, you’ll be able to des-ignate the remaining portion to an

Plan today for a future you can count on

How does this work?

The Charitable IRA Rollover permits a taxpayer, aged 70½ years or older to donate:

• up to $100,000

• directly from an IRA to a public charity, like the John Felice Rome Center

at Loyola

• without paying any federal income tax on the transfer

At the end of 2011, the Charitable IRA Rollover provision is set to expire.

Contact us to learn more about taking advantage of this special opportunity.

away, then you may want to con-sider an immediate gift annuity.

Gift annuities are simple yet highly customizable. Whether you want payments now or in the future, a gift annuity can be an integral and powerful ally in your retirement planning. It can supplement your retirement funds or simply add a little extra to your yearly income. Best of all, you can derive financial benefits while helping others. That’s a benefit everyone can appreciate.

In order to learn more about gift annuities and other gift planning options at Loyola, please contact the Office of Gift Planning today to learn more about how you make a difference.

The Charitable IRA Rollover provides you with a unique window of opportunity

to make a gift from your IRA before December 31, 2011, while avoiding federal

income taxes.

‘Minimize the taxes your heirs will pay. Maximize your gifts to your family. ’

‘Gift annuities can make a difference to you and the JFRC by providing steady lifetime income and charitable support.’

Multiply your benefits by funding

a series of gift annuities, each

one starting payments in

different years. You control

the amounts, starting dates,

and benefits.

Strategies to Consider

60 5.0% $500 $342 $2,06265 5.6% $560 $394 $2,48470 6.1% $610 $441 $3,30075 6.8% $680 $498 $4,12480 7.9% $790 $586 $4,84185 8.9% $890 $657 $5,796

65–65 4.8% $480 $340 $1,84670–70 5.5% $550 $399 $2,13575–75 6.0% $600 $447 $3,02680–80 6.7% $670 $508 $3,90885–85 7.8% $780 $591 $4,682

Age(s)Representative

charitable deduction

Total annual income

Tax-free portion

Payout rate

One Year Deferred Payment Gift Annuity

ONE ANNUITANT

T WO ANNUITANTS

Magis 3 Fall 2011 Magis 2 Fall 2011

Calculations are based on a quarterly payout and a discount rate of 2.0%. Gift annuities are not available in some states.