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Partner in Trust - Barry Stone

Barry StonePartner In Trust Barry Stone has always loved dogs and has had one in his life since he was 8 years old. He first learned about Guide Dogs of America a little more than 10 years ago when he walked into his local music store. There, near the register, he saw a beautiful dog. As a dog lover, Stone couldn't resist the urge to approach the dog and be playful with him. Soon he learned, from the dog's partner, Nanlyn Bearden, that this was not just any dog - it was her guide dog...her eyes.

After that day, Bearden became Stone's piano teacher, but he has learned so much more than music from her and the three guide dogs she has had from Guide Dogs of America. She has taught him about what it means to be blind and what a difference a guide dog makes in a blind person's life. Early in their friendship, Bearden took him to a GDA Open House, where he marveled over the training that goes into the making of a guide dog and what the dogs do. "I was in absolute awe of everything I saw. The facility. The trainers. And, of course, the dogs."

A few years ago, Stone's vision began to deteriorate as he developed cataracts. "I had failed the test at the DMV. I could see everything, but it was blurry."

Surgery to remove the cataracts was a success, but he recognizes that not everyone has eye problems that a doctor can fix. "For the ones that can't be fixed, they have Guide Dogs of America. I thought there was no way to replace eyesight - but having a guide dog sure would help if you can't," said Stone.

Stone, now 75, has been donating to GDA for more than 10 years, "Whenever I have a little extra money." More recently, he has become a Partner In Trust. His generous gift to GDA will help someone he doesn't know benefit from a guide dog.

"If anybody would lose their eyesight for two days - or just have fuzziness like I did before I had my surgery - they wouldn't have to ask why give to GDA," said Stone.

His chance meeting with Bearden and her guide dog and his ongoing friendship with her has had a profound effect on Stone and his desire to help those like her.

"Obviously, years ago, a caring soul donated so a guide dog was possible for Nanlyn. I want to make a difference for someone and give back in the same way," said Stone.

For information about becoming a Partner in Trust, please contact Rhonda Bissell at 818-833-6432.

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A charitable bequest is one or two sentences in your will or living trust that leave to Guide Dogs of America a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to International Guiding Eyes, Inc., dba: Guide Dogs of America located at 13445 Glenoaks Blvd, Sylmar, CA 91342 [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to GDA or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to GDA as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to GDA as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and GDA where you agree to make a gift to GDA and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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