Helping Westminster, Helping Themselves
In 2007, Henry and Dorothy Kalapaca were considering their financial future.
Because Henry's pension would terminate upon his passing, they needed to boost their income to ensure Dorothy was taken care of financially.
They learned about a gift that pays, also known as a charitable gift annuity, where a donor makes a gift to a nonprofit organization like Westminster Communities Foundation. In return, the Foundation agrees to pay the donor a fixed amount each year for life.
The annuity rate they received was based on their ages at the time of the gift and despite fluctuations in the stock market or economy, it remains fixed for the rest of their lives. After their lifetimes, the balance supports Westminster Communities Foundation. The Foundation provides assistance to individuals and programs at Westminster Shores, where the Kalapacas had moved to in 2005.
"We felt that our loyalty was devoted more here than it was to some outside organization," Henry says. They would also receive significant tax benefits.
They've established two charitable gift annuities since. In 2008, it provided a secure income in a tumultuous economy; in 2014, it supported renovations at a nearby Westminster facility.
The gifts are part of the countless contributions the Kalapacas have made over the years to enrich the lives of others at The Shores—individuals whom they consider extended family.
"We felt more and more that this was an organization we wanted to support," Henry says.
A gift that pays is a dependable way to boost your income in retirement while also benefiting Westminster Communities Foundation. Contact Hyacinth L. Mayberry at 407-839-5050 ext. 227 or hmayberry@wservices.org to learn more.