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Warren and Sue Anne Lake
Some people choose to remember the CIA in their estates because of relationships with a particular chef or student. For Warren and Sue Anne Lake, who make their homes in Davisburg, MI and Chicago, IL, the CIA connection and influences were broader. "It was not that only one graduate or student has influenced our choice," said Sue Anne, "but several encountered through our years of dining pleasure. In Chicago, we are very fortunate to have the likes of Grant Achatz, the most recent recipient of the James Beard Award, and others like him who extol the virtues of their education at the CIA."
The Lakes, who have been married for 20 years, have spent their professional lives with General Motors Corporation. Warren retired in 2002, and Sue Anne continues to work as a financial analyst. Their passions, though, are travel and the culinary arts.
The Lakes believe that the sharing of meals is a critical factor in a functioning society, and subsequently place a strong value on the education which supports that. To show their commitment, they have planned to leave the CIA a substantial part of their estate to establish the Warren and Sue Anne Lake Endowed Scholarship.
"We both wish to assist with the pursuit of a formal education for highly motivated individuals, and do it in a way that can interact with our passion for the culinary arts," said Sue Anne. "We are pleased with the number of CIA graduating chefs who continue to recognize the entire scope of interactive relationships from farm to table."
"We recognize that food choices and preparation techniques have the ability to impact a particular culture's overall well-being," Sue Anne said. In their travels throughout the world, "We always immerse ourselves within an area, renting a home and purveying supplies from the local markets. This has not only provided an education in a particular lifestyle, but also a true insight into the various occupations associated with feeding a society."
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 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 CIA 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 CIA as a lump sum.