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Kurt Sandman – "I Wanted to Give to a 'Do' Organization"
Consider the Red Cross in Your Year-End Planning
Time To Review Your Estate Plan?
Capital Gains Taxes Return to Haunt Investors


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Kurt Sandman – "I Wanted to Give to a 'Do' Organization"

Kurt Sandman
Kurt Sandman

Kurt Sandman's first experience with the Red Cross came at age 12 when he and his mother fled Nazi-occupied Austria into Switzerland, where he saw the Red Cross at work "everywhere."  When the war ended, Kurt moved to the United States and served in the U.S. army, becoming an American citizen in 1952. 

Kurt began his involvement with the mission of the American Red Cross as a blood donor, and later became more engaged as a Red Cross transportation volunteer working with the Red Cross and the USO while in the army, driving soldiers and their dependents to sporting events. Kurt found the ideal volunteer situation with the transportation corps of the American Red Cross, Oregon Trail Chapter. 

As a volunteer for the American Red Cross for 13 years, Kurt enjoyed driving a Red Cross transportation van one day a week.  "I loved the interactions with people I met and was fortunate to be able to offer assistance to them," he recalls.  He drove individuals to various medical appointments and shopping centers.  Kurt also transported blood from the processing center to hospitals. "I enjoyed being on the road" he says, "and working for an organization that makes a positive impact in so many people's lives."

When it comes to charities he supports, Kurt is very picky about to whom he gives. The American Red Cross is a most worthy organization in his view.  "It's way up there," says Kurt.  "It's a ‘do' organization." 

Recently, Kurt established a charitable gift annuity with the American Red Cross. He was faced with paying capital gains tax from the sale of an asset and he realized that a charitable gift annuity would help him accomplish several goals.  He would be entitled to an immediate income tax deduction which would off-set some of his capital gain tax.  And he would receive fixed payments at an attractive payout rate from the Red Cross during his lifetime. Finally, and most importantly, he would be contributing to "a wonderful organization, one that is there to help people during their time of greatest need.  My gift will help keep that alive and well."  But he continues to make his customary annual gifts, knowing that the Red Cross needs his support both now and in the future. To further demonstrate his belief in the Red Cross' mission, Kurt has named the American Red Cross Oregon Trail Chapter as one of the beneficiaries of his estate plan.

Thanks to Kurt's thoughtful foresight, planning and commitment, the causes he values most will endure – including the American Red Cross.

To learn more about Gift Plans similar to Mr. Sandman's, contact the Gift Planning Office at 1-800-797-8022, ext. 5, plndgiving@usa.redcross.org or log on to www.redcrosslegacy.org.

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Disclaimer:

The articles in the issues of the Legacy newsletters are for general illustration purposes only. Information, Gift annuity and tax rates were current as of the time of publication. There can be no guarantee that such information will continue to be accurate in the future. Interested Donors should check with the Gift Planning Office for current rates and deduction amounts before completing their gifts. Calculations of tax deductions will vary based on applicable federal discount rates, which change on a monthly basis. The American National Red Cross is not engaged in rendering legal or tax advisory service. For advice or assistance in specific cases, the services of an attorney or other professional advisor should be obtained. Certain links in this site connect to other Web sites maintained by third parties over whom the American National Red Cross has no control. American National Red Cross makes no representations as to the accuracy or any other aspect of information contained in other Web sites.