Putting Idle Assets to Good Purpose

An “active asset” is one that you are using (such as your residence) or one that is generating a return in the form of rent, interest, dividend income, or appreciation. An “idle asset” is property that produces little or no return and which may contribute little to your enjoyment of life. Sometimes it is possible to convert these assets to a stream of income for life by making a charitable gift.

Grateful Engineer Gives Back in Two Ways

It’s a good life John Bolender has lived since Boeing recruited him right off the UW campus, and that’s why he has established three charitable gift annuities with the University of Wisconsin Foundation and recently made a significant gift from the combined IRA belonging to him and his late wife, JoAnn, also a UW graduate with a degree in home economics education.