Planned Giving

 

Planned giving is a method that allows you to make maximum use of charitable donations. It often enables you to make a gift initially thought to be beyond your means.  Depending on your individual circumstances, gift planning may also involve state and federal tax advantages.

 

The Benefits of a Planned Gift:

w Increase current income for the donor or others

w Reduce the donor's income tax

w Avoid capital gains tax

w Pass assets to family at a reduced tax cost

w Make significant donations to charity

 

What You Can Do To Promote Planned Giving

 

w Prepare or update your will.

w Leave a gift in your will to Children’s Aid Society.

w Name Children’s Aid Society as a beneficiary of your pension plan, IRA, or 401K-retirement plan.

w Name Children’s Aid Society as the owner and/or beneficiary of a new or existing life insurance policy.

w Contact Executive Director Lyn Becker to learn more about special funds or projects you can support with a gift.

w Remember loved ones with memorial and honor gifts to Children’s Aid Society.

w Encourage family and friends to leave gifts to Children’s Aid Society and other charities in their wills.

w Ask your accountant, attorney and other professional advisors to include charitable giving as part of their counsel to clients.

 

1913 Society

 

Children’s Aid Society is pleased to announce the formation of our 1913 Society, a special group of individuals who have created a living legacy by remembering Children’s Aid Society with a planned gift. 

 

If you have already made provisions for a planned gift, or if you are interested in making a planned gift to Children’s Aid Society, please download and complete the Enrollment Form (click here for PDF), or contact us so we can include you in our 1913 Society.  By letting us know of your intentions, we can better plan for the future of our organization.

 

For more information on our 1913 Society, contact Molly Helmstetter or Lyn Becker at (717) 624-4461.

 

Planned Giving Terms to Learn

 

Bequest:  A transfer, by will, of property such as cash, securities (stocks), or tangible property to an individual or a charitable organization.

Charitable Lead Trusts:  Creates substantial charitable deductions, provides income for the charitable organization to use temporarily and recuperates the principal for the donor or family member in a specified number of years.

Marketable Securities:  Donating shares of stock or appreciated securities (stocks, mutual funds, etc) offers many tax benefits to the donor when the donor transfers ownership to a charitable organization.

 

Life Insurance:  Life insurance can be a valuable gift because it is leveraged, meaning that a small amount of money (premium) produces a large death benefit. Thus, the donor is credited for a much larger amount than the actual donation (premium).

Retirement Funds:  Designate a charity as the beneficiary of a company pension or profit-sharing plan or a private fund such as an IRA, 401(k) or other qualified pension plan.

Real Estate:  By making a gift of real estate, the donor may reduce a sizeable capital gains tax and at the same time receive a charitable deduction for the full fair market value of the property.

 

PLEASE NOTE: This information is prepared for the information of friends and donors of Children’s Aid Society. Its purpose is to offer helpful tax and financial planning information. Donors should consult with their professional advisor as to the applicability of any ideas to their own situation.

 

Planned Giving: Simple Language to Add to a Will

 

To make an unrestricted charitable bequest by will, the donor may use one of the following directions:

 

I give ____________ dollars ($_______ ) to Children’s Aid Society, Southern Pennsylvania District Church of the Brethren, for its general purposes.

 

I give ____________ percent ( _____ %) of the rest, residue and remainder of my estate to Children’s Aid Society, Southern Pennsylvania District Church of the Brethren, for its general purposes.

 

I give _____________ (a specified asset) to Children’s Aid Society, Southern Pennsylvania District Church of the Brethren, for its general purposes.

 

Alternatively, the donor may designate the purpose of the bequest.

 

To make a charitable bequest by will irrevocable, the donor may add the following direction:

 

This bequest shall be payable, in full, within one year after the date of my death.  I acknowledge that, in my lifetime, Children’s Aid Society may make decisions or take actions in reliance upon this pledged bequest.

Accordingly, it is my intention that this bequest shall be enforceable as a claim against my estate, including against any trust which is amendable or revocable at any time prior to my death and which holds assets that I have transferred to that trust during my lifetime. At my election, I may satisfy this pledge, in whole or in part, by designating Children’s Aid Society as the beneficiary of insurance on my life.

 

Donors should consult with their professional advisor as to the applicability of any language to their own situation.