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Planned Giving


Stock Securities

If you own shares in a publicly traded company that have appreciated in value and that you are considering donating to Family Service, this approach can be more advantageous to you than selling the shares and donating cash proceeds.  By donating stock directly to Family Service, you would be entitled to a charitable income tax deduction equal to the market value of the shares, and you would not incur capital gains tax on the appreciated value.  For details on how to complete a stock transfer, click here, or call us at 215-757-6916 x223.

Charitable Planning With Your IRA

If you are 70½ or older, and therefore required to withdraw monies from your IRA every year, a provision allows you to redirect your IRA rollover to a charitable organization.  You may roll over up to $100,000 per year from a traditional or Roth IRA.  The donation must be made directly from the plan to Family Service, which can be accomplished by instructing your plan administrator to make a direct transfer to Family Service.  The amount you choose to donate with this approach will be excluded from your gross income, and will count toward your minimum distribution requirement.  There is no Federal income tax deduction allowed for an IRA rollover gift.

Retirement Plan

You can name Family Service as the designated beneficiary, or partial beneficiary, of a qualified retirement plan. This gifting opportunity involves obtaining a beneficiary designation form from the retirement plan administrator and naming Family Service as the entire, or partial, beneficiary of the retirement plan assets.  This approach does not involve legal fees.

Life Insurance

Similar to a retirement plan designation, the proposed gift to Family Service is accomplished by naming Family Service as a beneficiary, or partial beneficiary, of the policy on the beneficiary designation form. You will be entitled to a charitable income tax deduction equal to the cash surrender value of the property and any future premiums paid only if Family Service is named as the owner and beneficiary of the policy.

Bequest

A bequest is a gift you leave through a will or trust, with a written statement directing that a specific dollar amount, or a percentage of the estate, or a specific item such as real estate, be transferred to Family Service.  Because a bequest is revocable, you are able to keep your financial options open in your lifetime and maintain flexibility as to the use of your assets.  Sample language for a charitable bequest can be found here.