Boys & Girls Clubs of Greater Oxnard and Port Hueneme

A donation to help change kids’ lives

Posted in Uncategorized by BGCOP Staff on November 8, 2013

 

 

 

 

 

 

volante_tony-2As a board member for nearly 20 years, Tony Volante has a special connection to our Boys & Girls Club and knows how important it is to preserve the hard work that is done here.

“We recognize what a great organization the Club is; they have an incredible CPO, staff and board members,” said Volante. To help the Club maintain its important programs that impact the lives of our community’s youth, Tony and his wife, Barbara, have made a charitable gift annuity of $10,000 to the Boys & Girls Clubs of Greater Oxnard and Port Huemene.

“We know that the donation will help change kids’ lives. The Club assists children that have no place to go, or get in trouble and they completely turn these kids’ life around. The Club serves 9,000 plus kids, and I want to help them reach 30,000 more,” said Tony, who retired in 1993 after 40 years in the military and served on the Port Hueneme city council and as the city’s mayor.

As a Club board member, he has provided us with service, support and commitment in helping our youth and giving them the opportunity to become caring, responsible adults. In recognition for his dedication, Tony was honored as Board Member of the Year at the Club’s 59th Annual Board Member dinner and installation in July.

A charitable gift annuity, like the one from Tony and Barbara, is like a contract. You transfer your cash or property to the Club and we pay you income for life at a rate based on your age. Payments may be set up for you alone or for you and your spouse. Once all annuitants have been paid, we receive the remaining value.

“A lot of people don’t realize that donations, such as a charitable gift annuity, can actually benefit the donor as well,” explained Tony.

One benefit of the gift annuity is that your payment is fixed at the very beginning. This means that your income does not change with investment returns. You have the confidence of knowing that your income will never change. Depending upon your gift, you may receive the added benefit of mostly tax-free income. And you will receive a charitable deduction at the time you make your gift to us.

“This is something anyone can do,” said Kelly Ventimiglia, director of major gifts and annual giving at the Club. “These types of donations are greatly beneficial the Club and our kids and, at the same time, the donor receives a type of fixed income.”

Tony said that he and his wife are looking to make another charitable donation soon.

For more information on charitable gift annuities, contact Kelly Ventimiglia, BGCOP director of major gifts and annual giving, at 805-815-4959 or kventimiglia@bgcop.org.

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