Legacy Gifts and The Heritage Society
Planned or “Legacy” giving is a method of supporting charity that enables generous individuals to make larger gifts than they could make from their income.
While some planned gifts provide a life-long income to the donor, others use estate and tax planning techniques to provide for charity and other heirs in ways that maximize the gift and/or minimize its impact on the donor’s estate.
About The Heritage Society of The Philadelphia Protestant Home
Those who remember The Philadelphia Protestant Home through a will, trust, designation or other planned gift, are invited to join in The Heritage Society of The Philadelphia Protestant Home. Too often, these gifts are unrecognized because we are unaware of these special gifts until the donor has passed away. At these times, proper appreciation cannot be expressed and questions regarding the specific purpose of the gift may remain unanswered. The Heritage Society provides a way to recognize and thank donors during their lifetime(s), and ensure that your wishes are properly documented.
Involvement in The Heritage Society gives you the opportunity to enjoy the company of others who, like yourself, care about leaving a legacy to ensure seniors of PPH have the opportunity to achieve their highest quality of life through affordable, quality care and peace-of-mind security at PPH.
You may always choose to remain anonymous in your philanthropy. However, participation in The Heritage Society can be an inspirational experience, and may encourage others to look toward how they too may have an enduring impact on future generations of older adults.
Only a statement of intent to leave a gift to The Philadelphia Protestant Home is required. No documentation of gift amount or type is necessary. Members of The Heritage Society may designate the use of the distributions from their future gifts, or may leave the distributions to the discretion of our Board of Directors. Planned giving offers us a way to make a difference, far beyond the measure of one lifetime.
Benefits of joining The Heritage Society include:
- A relationship with The Philadelphia Protestant Home and other donors during your lifetime.
- A role in determining how your planned gift will be used.
- Satisfaction in knowing your legacy will make a difference for those who come after you.
- Special recognition in newsletters and annual reports, unless anonymity is desired.
- Invitation to the annual Heritage Society luncheon and other special donor events.
- Your name will be included on The Heritage Society plaque located in the Esplanade, in PPh’s Annual Report and other publications, if you wish.
- A Heritage Society pin, certificate, and personalized brick in the “Remembrance Garden” walkway.
Types of Planned Gifts
A Gift Through Your Will
You may be saying, “I wish I could do more.” Gifts established in your will can be a particular item, specific dollar amount, or a percentage of your estate. The federal estate tax can take approximately 40% to 50% of one’s estate at the time of death.
To include PPH in your will, the following is sample bequest language:
“I give, devise, and bequeath $_______ (sum of money), or ______% (percentage) of my estate, or all the rest, residue, and remainder of my estate to The Philadelphia Protestant Home, located at 6500 Tabor Avenue, Philadelphia, PA.
Charitable Gift Annuities
Income for Life for You… Benefit for the Future of PPH!
Our charitable gift annuity program was created as a service to our many friends who have expressed a desire to make a gift of significance, while still retaining income from the gift property during their lives.
A charitable gift annuity is a contract in which you exchange a gift of cash or securities for a guaranteed, fixed income each year for the rest of your life! It is truly a win-win situation for the donor and The Philadelphia Protestant Home.
For a personalized illustration of what a gift annuity might do for you, call Deanna Keough, Assistant Director of Fund Development at 215-697-8586 or e-mail to firstname.lastname@example.org
Life Insurance: The Forgotten Gift?
Do you have a life insurance policy you no longer need? Perhaps your other assets have grown to provide the protection you require, and the insurance policy lies forgotten in a safety deposit box. Did you know that the policy could make a wonderful charitable gift to The Philadelphia Protestant Home?
If you have insurance you may like to contribute, or if you are currently paying premiums on a policy and want to discover how this policy might work as a gift, you can name The Philadelphia Protestant Home the beneficiary of your life insurance, or a co-beneficiary.
Thank you for your continued investment.
For more information about planned giving, call Deanna Keough, Assistant Director of Fund Development at 215-697-8586 or email email@example.com.