Annual Gifts
Annual Gifts of outright cash or stock given to the Presbyterian
Village Foundation are needed for our endowment to grow. Gifts made
in support of the Foundation endowment help to ensure that money is
available for Presbyterian Village’s future needs.
Bequests
A bequest, or a charitable gift provided for in a Last Will and
Testament, is a strong affirmation of a person’s beliefs and values.
People who remember Presbyterian Village in their will do so because
they are strongly committed to its ministry and wish to leave a
lasting legacy for the benefit of future generations.
How can you leave a legacy for Presbyterian Village?
- Prepare or amend your will or living trust to include The
Village
- Change a portion of the beneficiary designations on your
retirement plans, insurance policies, and tax-deferred annuities
to include Presbyterian Village
- Ask your financial advisor to include charitable giving
strategies that will benefit Presbyterian Village as part of his
or her counsel to you
If you are presently considering creating or updating your will,
we encourage you to do so with the help of a professional advisor.
Even if your estate seems modest, without good planning your largest
bequest could end up going to Uncle Sam.
Gifts That Generate Income
Charitable Gift Annuities – With a minimum gift of $5,000,
a Charitable Gift Annuity (CGA) is an agreement that provides a
fixed rate of return to be paid to one or two beneficiaries for life
or a specified period of time. The remaining principal goes to
Presbyterian Village upon the donor’s death or upon expiration of
the annuity. CGAs are often used to add supplemental retirement
income for the donor or to fund a child or grandchild’s education.
When used for supplemental income, the fixed rate of return is
guaranteed for the lifetime of the annuitant. The donor receives a
tax deduction both at the time the CGA is established and from its
annual income distribution.
Charitable Remainder Trusts – Assets of at least $25,000
placed in a trust provide payments of a specified amount to a
designee for life or a term of years. The remaining trust assets are
distributed to Presbyterian Village upon expiration of the trust.
The donor receives significant tax benefits as well as a full
by-pass of capital gains.
Charitable Remainder Unitrust – Assets of
at least $50,000 placed in a unitrust provide a variable income for
the designee based on a percentage, chosen by the donor, of the
assets. Additional gifts may be added to a unitrust. The donor
receives significant tax benefits and a full bypass of capital
gains. The remaining assets are distributed to Presbyterian Village
upon expiration of the unitrust.
Life Insurance and Retirement Plans - A donor receives a
substantial tax savings by donating a paid-up insurance policy.
Naming Presbyterian Village as the beneficiary of an IRA or other
retirement plan produces additional tax advantages for the donor.
Life Estate Reserved – An immediate income tax deduction
can be taken when a donor deeds a residence to Presbyterian Village.
The donor may continue to live in the residence for his or her
lifetime. Upon death of the donor, the proceeds on the sale of the
property are given to Presbyterian Village.
