Friends Home in Kennett

Planned Giving

What is “Planned Giving?”
Does this have any relevance for me?

The most familiar form of planned giving is through legacy gifts. 

We know them primarily as wills or bequests – passing one’s worldly goods on to others – to family, friends, and institutions.  That is, making a plan to intentionally distribute one’s holdings in an orderly fashion, and to make such a plan well before the time of distribution.

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.  Interestingly, most people have the immediate capacity to create a plan for such a gift.

Wills are but one form of planned giving.  Many planned giving instruments will allow you to purposefully support the future needs and vitality of Friends Home with little or no impact on your current income. Some planned gifts can even provide additional income.

Make A Lasting Legacy

Learn more about making a gift in your will or living trust.

 

Request a planned legacy  brochure:

Contact Wright Horne at 610-444-2577, x 221, or email whorne@fhkennett.org.

Here are some fundamentals on types of planned giving instruments:

Benefits to Donor
Charitable Beneficiaries
Lifetime Payments
Complexity

Instrument

Instrument

Bequest

Instrument

  • Estate Tax Deduction

Instrument

Charitable Gift Annuity Beneficiaries

Instrument

  • Deduction for charitable gift
  • Reduced capital gains & estate tax

Instrument

Charitable Remainder Trust

Instrument

  • Deduction for value of charitable gift remainder
  • Reduced capital gains & estate tax

Instrument

Charitable Lead Trust

Instrument

  • Tax deduction for the annual contributions to the charitable organization

Instrument

Charitable Legacy Fund

Instrument

  • Tax deduction for full amount of gift when made

Instrument

Donor Advised Fund

Instrument

  • Tax deduction for full amount of gift when made

Instrument

Instrument

Bequest

Instrument

  • Named in will or codicil
  • Donor may modify during lifetime

Instrument

Charitable Gift Annuity Beneficiaries

Instrument

  • Donor designates charitable organization(s) to receive residuum

Instrument

Charitable Remainder Trust

Instrument

  • Donor designates charitable organization(s) to receive remainder interest

Instrument

Charitable Lead Trust

Instrument

  • Named by donor
  • Receive income distributions for the term of the trust

Instrument

Charitable Legacy Fund

Instrument

  • Endowment established to benefit charitable organization designated by donor

Instrument

Donor Advised Fund

Instrument

  • Donor names remainder beneficiary and has input into grant recipients

Instrument

Instrument

Bequest

Instrument

  • No

Instrument

Charitable Gift Annuity Beneficiaries

Instrument

  • Yes

Instrument

Charitable Remainder Trust

Instrument

  • Yes

Instrument

Charitable Lead Trust

Instrument

  • No

Instrument

Charitable Legacy Fund

Instrument

  • No

Instrument

Donor Advised Fund

Instrument

  • No

Instrument

Instrument

Bequest

Instrument

  • Yes

Instrument

Charitable Gift Annuity Beneficiaries

Instrument

  • Simple

Instrument

Charitable Remainder Trust

Instrument

  • More complex

Instrument

Charitable Lead Trust

Instrument

  • Complex

Instrument

Charitable Legacy Fund

Instrument

  • Simple

Instrument

Donor Advised Fund

Instrument

  • Simple

Request a planned legacy  brochure

Please get in touch with Wright Horne, Friends Home Senior Advancement Officer, at 610-444-2577, x 221, for more information on how to support our mission, or email him at whorne@fhkennett.org.