Boerne Star & Recorder (Boerne, Tex.), Vol. 99, No. 75, Ed. 1 Friday, October 14, 2005 Page: 10 of 32
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PAGE 10A
The BOERNE Star & Recorder
Friday, October 14, 2005
Busitle
Planned charitable giving - it pays off for everyone
You've probably heard that "generosity is
its own reward." This may be true, but
when you make a charitable gift to a non-
profit organization, your generosity also
could reward you - especially when you
file your taxes.
In fact, you can get at least three types of
tax benefits:
• Immediate tax deduction - You can
FINANCIAL FOCUS
Ron Warden
EDWARD
JONES
INVESTMENTS
your heirs if your estate is large enough to
generate estate taxes.
Under current law, today's $1.5 million
federal applicable exclusion amount will
increase over the next several years; the
federal estate tax will be repealed in 2010
and will return in 2011 with a $1 million
exclusion, unless Congress passes new leg-
islation.
CHARITABLE-GIVING
METHODS
Depending on your circumstances, you
might find it advantageous to establish a
charitable giving vehicle, such as one of the
following:
• Charitable remainder trust - If you own
stream, you choose to make your charita-
You'll defer capital gains taxes on the sale ble gifts, don't hesitate to be as
of your stocks and you can use the income philanthropic as you can afford,
to help diversify your portfolio or pay for By helping out those organiza-
some living expenses. tions that do valuable work, you'll
When you die, the remaining proceeds of unquestionably be making a good
the trust go to the charitable group that you investment.
have chosen in your trust.
• Private foundation - If you have a very
large estate, you may want to create a pri-
vate foundation to distribute assets to char-
ities. After you've established a private
foundation, it will typically distribute 5 per-
cent of the fair market value of its assets
each year to the charities you've chosen.
Unlike a CRT, contributions to private
deduct your charitable gift from your cur- Let’s assume that you bought these shares
rent income taxes. So, for example, if you for $250, and that they are now worth
give $1,000 in cash to a charitable group $1,000. If you were to give these shares to
this year, and you are in the 28 percent tax a recognized charitable group, you would
bracket, you could deduct $280 from your get the $280 tax deduction based on the
taxes on your 2005 tax return. shares' current market value.
• Avoidance of capital gains taxes - In- Furthermore, because you are not selling
REAL ESTATE
OPPORTUNITIES
,
stead of writing a check for $1,000 to a the shares, you will avoid having to pay any large amounts of shares of an appreciated foundations do not allow for donors to re-
charitable group, you might want to donate capital gains taxes on your $750 profit. stock, you may want to donate some or all ceive an income stream.
appreciated assets, such as stocks. • Potential reduction in estate taxes - By of them to a charitable remainder trust. The Before establishing any of these charita-
Suppose that you have been holding removing an appreciated stock from your trust can then sell the stock, reinvest the ble giving arrangements, consult with your
shares of a specific stock for several years, estate, you may be providing a tax break to proceeds and pay you a lifetime income tax and legal advisors. But no matter how
Burlap Horse welcomes
artist Jeannette Cuevas
The Burlap Horse will host ern cooks and cowboys. A na-
award-winning Pleasanton tive Texan, she was first intro-
artist Jeannette Cuevas on Sat- duced to art by watching her fa-
urday, Oct. 15, in a one-woman ther paint at the dining room
show as the formal introduction table in San Antonio.
of Cuevas’ artwork to Boerne. Her career in commercial art
“We’re thrilled to introduce developed her sense of design
our clients to such a talented but her life in a small town pro-
artist,” said Melissa Haberstroh, pelled her creative direction,
owner of The Burlap Horse. Her love of the outdoors and
“Jeannette’s work will contin- the people who live and work
ue to be a part of our store’s of- there brings a living quality to
ferings, but this show provides her images.
our clients and visitors an op- Cuevas’ western images have
portunity to meet Jeannette and been published in three interna-
watch her as she works at her tional art magazines and have
easel.” won several People’s Choice
Cuevas’ unique style of layer- awards.
ing pastel over watercolor cre- Call The Burlap Horse at 830-
ates a colorful tribute to West- 249-0204 for more information.
Pressure stays on markets
MARKET COMMENT
Jim Pendley
JPC FINANCIAL
RESOURCES LTD.
Market bond prices fell last
week pushing interest rates
higher. The stronger-than-ex-
pected payrolls component of
the employment report resulted
in mortgage interest rates spik-
ing higher last Friday morning.
For the week, interest rates on
government and conventional
loans rose by about one-half of a
discount point. pressure the financial markets.
The Fed minutes Tuesday and The minutes from the Fed
consumer price index today are meeting this week will provide
the most important releases this the Fed’s complete economic
week. The shortened trading analysis and the various opin-
week may lead to volatility as ions of individual Fed members,
trading resumes Tuesday fol- The release sometimes comes
lowing the Monday Holiday. and goes without much uproar,
FED MINUTES but keep in mind that if any of
The future of the economy re- the text seems troubling to ana-
mains uncertain. The effects of lysts, you can see a fast and fu-
the recent hurricanes along with rious market reaction.
high energy prices continue to Remember that mortgage in-
terest rates are remaining histor-
ically favorable. Capitalizing on
current levels is the safest bet.
It cannot be emphasized
enough that taking advantage of
interest rates at their current lev-
els is necessary to protect
against possible future rate in-
creases.
Phillip Bell • Investment Realtor
COMMERCIAL
RE/MAX Assoc. - Boerne
110 E. Bandera • 830.816.2660
INTR OD UCING...
the newest member of the
Greater Boerne Area Chamber of Commerce
"Corner Cartel
Home Decor, Accessories & Antiques
Over 7,000 square feet
of great things
for your home...
Photo winner pulls ahead, shows love for Ford Trucks
Case Gatlin got “stuck” with a structions to show why they
$1,000 Home Depot gift certifi- love their new, Jennings Ander-
cate after winning the third son Ford.
quarter “I love my Jennings An- “Total entries for the program
derson Ford” photo contest for have crossed the 1,000 mark,
the picture of his 2005 F-250 which is just incredible,” said
Crew Cab pulling a stuck SUV Scott Wilson, dealer principal,
out of the sand on the Texas For the third quarter, the off-
coast. site judging committee reviewed
“We had been at the beach for over 600 entries, “Case’s photo People who purchase a vehicle
two days, and I kept seeing peo- really symbolizes why he loves from Jennings Anderson Ford
played in the dealership and at through 2005 are eligible.
www.jenningsandersonford.co “Buying a new vehicle is a fun,
m. exciting experience,” said Wil-
The photo contest runs son. “People tell fond stories of
through the end of the year with their first car or truck, they re-
winners announced quarterly, member what vehicle they took
Entries for the next “I love my on that special family vacation.
Jennings Anderson Ford” will We wanted to capture that feel-
be accepted through Dec. 29. ing and fond stories on film.
That’s why we initiated the
photo contest.”
• Wrought Iron
• Floral • Furniture
• Framed Prints
• Mirrors • Antiques
• Collectibles
Tyler Candles
• Texas Rustic ■ Gifts
• Interior and
Garden Iron Decor
• Texas Collegiate Items
Much more!
bem Open 7 days a week! . ,
. 265 S. Main Street (Boerne) 830-249-8192
J Visit us at www.cornercartel.com JeOIf
Email: man@cornercartel.com
ple get stuck in this one spot his Jennings Anderson Ford
where the sand was deep,” said Truck - what’s better than
Gatlin. “I was just glad I could pulling the competition out of
help.” the sand,” joked Wilson.
Since March, every car and Runners up included Darren
truck buyer at Jennings Ander- Rhodes of Boerne, and Donna
son Ford has received a camera Kinney of San Antonio. All en-
and registration form with in- tered photographs will be dis-
THIS AD COURTESY OF THE BOERNE STAR
Market Report
for October 12
Gillespie Livestock
Company
CATTLE: 1309
GUADALUPE VALLEY TELECOMMUNICATIONS COOPERATIVE
Cows & Bulls........
Heifers..................
Steers......................
Packer Cows..........
Bulls.......................
Bred Cows.............
Cow & Calf Pairs...
.................2 LOWER
..............1-2 LOWER
...ABOUT STEADY
....35.00-52.00 CWT
.....55.00-63.00 CWT
..750.00-1000.00 HD
...850.00-1150.00 PR
MEDIUM TO LARGE FRAME *1
Jennings Anderson’s Scott Wilson, along with JA
staffers, presents a $1,000 gift certificate to Case Gatlin,
winner of the third quarter “I Love My Jennings Anderson
Ford” contest. From left, Karmia Williams, Wilson, Gatlin
and Josh Berg.
Check out www.boernestar.com today!
RI
SUBSCRIPTIONS
FOR MILITARY
All deployed military personnel
from Boerne or neighboring towns
are eligible for a free subscription
by calling the Star or filling out the
subscription form below.
I Boerne Star
i & Recorder
1
I
■
P.O. Box 820 • 282 N. Main |
Boerne, TX 78006 I
830.249.2441 Fax 830.249.4607 I
www.boernestar.com 1
Military Subscription Order Form
Good for a renewable one-year subscription, free of charge.
1 Your Name:
I Address:
I Phone:
1 Recipient’s Name (if applicable):
I Address:
I Phone:
■
1
Steers
200-300#................
300-400#.................
400-500#................
500-600#.................
600-700#.................
Lower Quality Strs.
Heifers
200-300#.................
300-400#.................
400-500#.................
500-600#.................
600-700#.................
Lower Quality Hfrs.
.130.00-200.00 CWT
.140.00-175.00 CWT
.125.00-145.00 CWT
.115.00-130.00 CWT
.105.00-120.00 CWT
.60.00-80.00 CWT
125.00-170.00 CWT
.120.00-150.00 CWT
.120.00-130.00 CWT
.105.00-125.00 CWT
.95.00-116.00 CWT
.65.00-74.00 CWT
SHEEP Q GOATS: 2507
New Crop Lambs
40-60 #..................................
60-70 #..................................
75-90 #..................................
Packer Ewes..........................
Spanish
BOEX Kids - (Under 50 lb)..
BOEX Kids (50-70 lb)..........
BOEX Nannies.....................
BOEX Nan Kids (40-60 lb)..
BOEX Muttons/Billies..........
Angora Nannies...................
Angora Kids.........................
3 BWF STR 382#.................
1 BLK STR 295#..................
1 BLK STR 590#..................
1 BLK HFR 590#.................
1 BLK HFR 345#.................
1 BLK STR 525#..................
1 BLK STR 620#..................
.138.00-150.00 CWT
.130.00-150.00 CWT
.125.00-144.00 CWT
.45.00-63.00 CWT
...110.00-130.00 CWT
...110.00-125.00 CWT
...65.00-110.00 CWT
...120.00-140.00 CWT
...70.00-115.00 CWT
..45.00-75.00 CWT
..100.00-140.00 CWT
..167.50 CWT
..182.50 CWT
..126.00 CWT
..129.00 CWT
..150.00 CWT
..129.00 CWT
..119.00 CWT
SPONSORED BY:
Pepper’s Welding
Metal Buildings • Carports • Entrances
Pipe Fences • Bobcat Work/Rock Auger
Automatic Gate Openers
210-643-6599 • 830.966.2113
Quality & Customer Service are Not o Thing of the Post
W elcome to an exciting new
your own home.
MEDICAL ALERT MONITORING
THIS SPACE OFFERED FREE OF CHARGE
TO AREA CIVIC ORGANIZATIONS
OCTOBER 15-27
THE MOVIE, “THE SEPARATED” will premier Saturday, Oct. 15, at the
Stagecoach Theater, 2254 South US 87, Fredericksburg. There will be
live 1800s music, Indian captives’ ancestor's book signings, free
T-shirts and free popcorn and drink. Meet the actors, directors and
producers for picture and poster autographing. The movie will be
shown the next 12 consecutive days. "The Separated" is not rated. The
family-oriented story, inspired by true Hill Country events, takes place
in the mid 1800s. Two brothers orphaned after a Comanche Indian raid
are separated - one taken in by the Texas Rangers and one captured and
raised by the Comanches. For more information, call the Stagecoach
Theater at 830-456-2835 or visit www.stagecoachtheater.com.
OCTOBER 16
ST. JOHN LUTHERAN CHURCH WILL HOST A "PRAYER AND PRAISE"
WORSHIP SERVICE on Sunday, Oct. 16, at 6 p.m. Pastor Don Adickes
will speak on "What We Can Learn from Katrina and Rita." Glorify!,
St. John's praise music group will lead worship for this service.
All offerings collected will be used to benefit the victims of the
recent hurricanes. The service is open to all members of the community,
regardless of religious affiliation. St. John Lutheran Church is at
315 East Rosewood in Boerne.
Local telephone, Internet and DSL services are provided by Guadalupe Valley Telephone
Cooperative, Inc., ("Cooperative") d/b/a Guadalupe Valley Telecommunications Cooperative;
long distance, security, cable TV and cable modem services are provided by its subsidiary,
Guadalupe Valley Communications Systems LP.
Guadalupe
Valley
Telecommunications Cooperative -
SECURITY MONITORING AND SYSTEMS
MEDICAL ALERT MONITORING
(830) 885-4411 • TOLL FREE 1-800-FOR-GVTC (1-800-367-4882) • WWW.GVTC.COM
License# B03287
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Cartwright, Brian. Boerne Star & Recorder (Boerne, Tex.), Vol. 99, No. 75, Ed. 1 Friday, October 14, 2005, newspaper, October 14, 2005; Boerne, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1663407/m1/10/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Patrick Heath Public Library.