A Conversation with Long-Time CARE Supporter Jonathan Seagle

Jonathan Seagle smiling When Jonathan discovered that he had a strong interest for helping people living in developing countries, he started doing his research in earnest. During that research he read about CARE and was pleased to note that 90 percent of CARE's expended resources go to poverty-fighting projects. As a result, he has been a loyal CARE donor since 1971when he moved to San Francisco, California.

Jonathan Seagle remembers making his first donation to CARE in support of a water project in Ecuador in honor of his parents. He has continued that tradition of honoring different family members through his gifts, often in support of projects in Africa. "I like to give gifts in memory of my family. I like to think that the contributions I make to support the well-being of other people are identified with my relatives."

Jonathan has a preference for supporting water projects in specific geographic areas. He finds that, for a small investment, he can radically improve another person's life. After learning of the genocide in Rwanda, Jonathan has become motivated to support programs in that country. He thought successful water projects would be a good way to bring the country back to life. "In the United States, we take water for granted as a resource. We forget how much harder it is to come by in other parts of the world." Jonathan has now extended his support to neighboring East African countries and recently celebrated his 70th birthday with a gift to support water projects in Kenya.

While he has not had the opportunity to personally visit the projects he has supported, he has enjoyed seeing photographs of the communities that now have access to water because of his generosity. "It's very gratifying." He has also enjoyed hearing reports from CARE employees who have seen the projects he has supported firsthand.

Because of his continued support of CARE projects, when it came time for Jonathan to address his estate plans, he decided to remember CARE in his will. When asked why he made such an important pledge to CARE, he said that he believed that since he had consistently given gifts to CARE during his lifetime, it just seemed natural to give a gift after he is gone. "I like the idea of carrying on the legacy I've established during my life time; to show a continuation of support for water projects."

Jonathan recognizes the fact that today, many people can identify CARE as being a leading organization in developing countries, "I think CARE achieved its greatest fame in the 10 years after WWII with the creation of the CARE Package." In that regard Jonathan offers some advice and a challenge for us to consider: "I would like to see CARE offer more volunteer opportunities for supporters to work in conjunction with some of CARE's programs. It would be desirable if there were formal opportunities for CARE supporters to go into schools and talk about CARE's projects, to try to engage the younger generation. The current volunteer opportunities seem to be focused on advocacy, but most of California's congressional representatives are supportive of CARE's goals, so this does not seem as important as making a younger generation knowledgeable about the work itself and how they can make a difference in other people's lives."

Jonathan will be pleased to know that we are looking for ways to take advantage of his ideas and encourage him to keep engaging us in conversations about how to involve folks like him who want to give of their time and expertise as well as their money.

If you would like to know how you can remember CARE in your will, contact the Planned Giving Department by calling toll free at 1-800-752-6004.

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A charitable bequest is one or two sentences in your will or living trust that leave to CARE a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to CARE, a nonprofit corporation currently located at 151 Ellis Street, NE, Atlanta, GA 30303-2440, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to CARE or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to CARE as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to CARE as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and CARE where you agree to make a gift to CARE and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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