by Lisa Lyons
Encino, Calif., residents Sedwyn and Sanford “Sandy” Glick have made a generous $502,000 gift to City of Hope, using stocks and bonds to fund an annuity. Despite the current upheavals of the stock market, the Glicks both felt that the securities would be put to better use supporting a variety of research, treatment and education programs at the institution.
In addition to supporting City of Hope for more than 30 years, the Glicks also are patients. They have nothing but high praise for all their physicians and credit the excellent treatment and compassionate care they received as the compelling reason for including City of Hope in their giving plans.
“We started out as direct mail donors, making modest gifts on a yearly basis,” said Sedwyn Glick. “But once we became patients, we were moved to get more involved with City of Hope’s mission.”
Added Sandy Glick: “We were so impressed with the level of expertise, combined with the personalized attention we got from each and every person on our medical team that we wanted to give something back.”
Sandy Glick said the couple had already included City of Hope in their estate, but when they saw an ad about gift annuity plans, they considered an additional donation. “Why wait until we are gone? Why not give something now so we can see the positive results during our lifetime?” he said.
By funding a gift annuity, the Glicks avoided paying capital gains tax and received a charitable tax deduction. Part of their annual income from the gift annuity will be tax-free.
The Glicks say that their giving philosophy requires them to give back to society, and they enjoy seeing their money work for a positive cause.
