Planned Giving

Leaving a Lasting Legacy

Make a Long-term, Profound Impact

Planned giving is done through wills, bequests, or trusts—passing one’s worldly goods on to others—to family, friends, and institutions.

It’s a way to leave a lasting legacy for people and places that made a profound impact on your life.

These gifts are not just for the wealthy. It is also the means by which ordinary people can make extraordinary gifts that can help to provide for the solid financial foundation of vital community institutions like Friends Home.

There are multiple forms of planned giving. Many will allow you to purposefully support the future needs and vitality of Friends Home with minimal to no impact on your current income. Some planned gifts can even provide additional income.

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Make a Planned Gift to Friends Home

Contact Senior Advancement Officer, Wright Horne

610-444-2577, x221    whorne@fhkennett.org

Types of Planned Giving

Tax Benefits

Beneficiaries

Payment

Complexity

Bequest

 Estate Tax Deduction Named in will or codicil / Donor may modify during lifetime One-time High

Charitable Gift Annuity Beneficiaries

 Deduction for charitable gift / Reduced capital gains & estate tax Donor designates charitable organization(s) to receive residuum Lifetime Low

Charitable Remainder Trust

 Deduction for value of charitable gift remainder / Reduced capital gains & estate tax Donor designates charitable organization(s) to receive remainder interest Lifetime Very High

Charitable Lead Trust

 Tax deduction for the annual contributions to the charitable organization Named by donor / Receive income distributions for the term of the trust Annual High

Charitable Legacy Fund

 Tax deduction for full amount of gift when made Endowment established to benefit charitable organization designated by donor One-time Low

Donor Advised Fund

 Tax deduction for full amount of gift when made Donor names remainder beneficiary and has input into grant recipients One-time Low

 

Bequest

  • Donor Benefits: Estate Tax Deduction
  • Charitable Beneficiaries: Named in will or codicil / Donor may modify during lifetime
  • Liftime Payments: No
  • Complexity: High

Charitable Gift Annuity Beneficiaries

  • Donor Benefits: Deduction for charitable gift / Reduced capital gains & estate tax
  • Charitable Beneficiaries: Donor designates charitable organization(s) to receive residuum
  • Liftime Payments: Yes
  • Complexity: Simple

Charitable Remainder Trust

  • Donor Benefits: Deduction for value of charitable gift remainder / Reduced capital gains & estate tax
  • Charitable Beneficiaries: Donor designates charitable organization(s) to receive remainder interest
  • Liftime Payments: Yes
  • Complexity: More Complex

Charitable Lead Trust

  • Donor Benefits: Tax deduction for the annual contributions to the charitable organization
  • Charitable Beneficiaries: Named by donor / Receive income distributions for the term of the trust
  • Liftime Payments: No
  • Complexity: Complex

Charitable Legacy Fund

  • Donor Benefits: Tax deduction for full amount of gift when made
  • Charitable Beneficiaries: Endowment established to benefit charitable organization designated by donor
  • Liftime Payments: No
  • Complexity: Simple

Donor Advised Fund

  • Donor Benefits:Tax deduction for full amount of gift when made
  • Charitable Beneficiaries: Donor names remainder beneficiary and has input into grant recipients
  • Liftime Payments: No
  • Complexity: Simple