Give to Philhaven : Gift Planning

Gift Planning

Gift Planning: Avenues to Achieve your Purposes

There are many ways to be a good steward! You may want to learn more about Gifts of Life, Gifts that Pay You Income, and Gifts that Protect Assets.

The following chart might be helpful as you think about what you want to achieve with your charitable gifts.

Your Purpose	An Approach to Consider	Results
Donate to Philhaven without any cost to you now	Include Philhaven in your will (a portion of your estate, a specific property, etc.)	Philhaven will use these funds to build an endowment, helping to build sustainability for our mission for generations to come.
Avoid capital gains and have an immediate income tax deduction	Use any appreciated assets (including securities) to make a gift	What a concept – buy low and donate it when the price is high. Hate to give us a good stock? Consider using your cash to buy more of the stock you are donating.
Leave more of your estate to family	Name Philhaven as direct beneficiary of your retirement funds rather than designating them to your estate where they are heavily taxed. Leave less-taxed assets for family.	Avoid income tax on retirement assets that are funded with pre-tax monies. Other property (such as a home) can be more beneficial to family.
Receive income from a gift given to Philhaven	Create a charitable gift annuity or a charitable remainder unitrust.	Receive a guaranteed income for the rest of your life, take a charitable deduction, and benefit Philhaven.
Decrease your tax liability now and get additional income later	Create a deferred gift annuity.	Receive a higher current tax deduction and increase the rate of income by delaying payment for some years.
Make a long-term gift that will not be part of your estate settlement	Donate a paid-up life insurance policy or take out a new policy with Philhaven as beneficiary.	Make a larger gift to Philhaven then you might otherwise be able to.
Leave more of your assets to family by reducing gift and estate taxes.	Establish a charitable lead trust that pays income to Philhaven for a period of time and then distribute the remainder of the trust to family.	Reduce the amount of gift and estate taxes, freeze the taxable basis of assets that will grow before they are distributed to family.

The information shared on the Ways to Give portion of this website is not offered as legal or tax advice. Please consult your legal or financial professional.

Testimonial

I am physically handicapped, and my wife has been coming to Philhaven for her chronic thought disorder. Without financial assistance, we could not afford the Medicare copay that we’re required to make.
Client’s husband

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