Personal Donor Stories

Philip and Nell Boals

Philip and Nell Boals, Citrus Heights residents, relocated from San Francisco in 2001 to be closer to family. Phillip, 90, and Nell, 87, have two children, five grandchildren and seven great-grandchildren. They spend their retirement years visiting with family, listening to classical music and supporting the charities they believe in. The Boals have always been active members of their church and take pride in keeping up on the charities to which they contribute.

"Once a year, we donate highly appreciated stock to several charities in order to spread it around. It is most advantageous to give stock because we avoid capital gains and more can go to charity," says Mr. Boals, who retired from the railroad in 1960.

The Boals first began purchasing stock back in 1957. Therefore, it has a low cost basis, making it ideal for charitable gifts. They have been using appreciated stock as a way to support their charitable interests since the early 1980s.

The Boals also use charitable gift annuities as a way to support charity and to receive an income stream. At their ages, they are able to receive a high annuity rate on their gift, which they will continue to receive for their lifetimes.

The Boals' contribution will go a long way toward helping ensure that Volunteers of America can meet the future needs of families and individuals working to become independent and self-sufficient in our community.

Office of Planned Giving
1660 Duke Street
Alexandria, VA 22314-3427
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E-mail: rimbach@voa.org

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