Karl Peters’ Charitable Gift Annuity Will Endow Scholarship Fund

Karl Peters ’61 used the peak of a volatile stock market to give to Carroll University and secure a dependable income for life through a charitable gift annuity.

“I am excited about the impact my CGA will eventually have on Carroll,” said Karl, a professor emeritus of philosophy and religion at Rollins College in Winter Park, Florida. He has taught world religions, environmental ethics, and religion and science. He is also an accomplished philosopher of religion and has been an editor of a journal as well as a contributor and organizer of many conferences.

Karl wanted to make a gift to Carroll but also needed some income. He owned some stock that had nearly doubled in value and would have faced significant capital-gain taxes had he sold it. Giving his stock to Carroll to create a charitable gift annuity made perfect sense.

“A gift to Carroll that diversifies your retirement portfolio is truly a gift that keeps on giving,” he said. “Charitable gift annuities (CGAs) are a beautiful way for Carroll University family members who are comfortable, but not truly wealthy, to give to the school we love.”

Karl was able to turn the stock into a fixed quarterly payment for himself, bypassing capital-gain taxes. With his charitable gift annuity, Karl converted a temporary stock market high into a steady income for the rest of his life. Karl’s CGA, along with his retirement plan (Carroll is a beneficiary), will support “The Karl E. Peters ’61 and Carol (Dzemske) Peters ’60 Endowed Scholarship Fund.”