PPSFL Planned Giving Guide
Including Planned Parenthood of the Southern Finger Lakes in your will or estate plans is one of the most meaningful ways to support family planning and reproductive rights. Planned gifts can be made through your estate or financial plans and can include bequests designated in a will or living trust, as well as life income gifts. By supporting the future of Planned Parenthood in this way, you are creating a legacy for the principles and values most important to you.
The most common planned gift is a bequest through your will or living trust. You can arrange a gift of a specific amount, a percentage, or even all or part of the residuum of your estate.
If you are interested in creating a legacy for Planned Parenthood, but have no interest in writing a will or trust, you can name Planned Parenthood as beneficiary of your retirement account, insurance policy, or bank or brokerage account.
You can make gifts to Planned Parenthood from an existing donor advised fund or private foundation. If your donor advised fund ends upon your passing, you can arrange to name Planned Parenthood as the ultimate beneficiary. If your donor advised fund continues beyond your lifetime, you can name successors to oversee your donor advised fund and instruct them to make grants or contributions to Planned Parenthood in your memory.
The "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010" has extended the IRA Charitable Rollover for 2010 and 2011. Originally passed in 2006 as part of the Pension Protection Act, the IRA Charitable Rollover allows you to make direct transfers totaling up to $100,000 per year to charity without having to count the transfer as income for federal income tax purposes.
A charitable gift annuity is a special giving arrangement in which, in return for a gift of $10,000 or more (or $20,000 for two annuitants), Planned Parenthood provides guaranteed, fixed payments to you and/or another person for the rest of your lives. The rate of your payments is based on your age when the gift is made and will not change. A portion of your annuity payments may be tax-free, depending on the specifics of the gift. A charitable gift annuity also entitles you to partial income tax charitable deduction and may provide capital gains and estate tax benefits. After your lifetime, the remainder of your gift will support the work of PPFA or a designated Planned Parenthood affiliate.
To establish a trust in the Planned Parenthood Charitable Remainder Trust Program, you would make an irrevocable gift of $100,000 or more for a distinct trust fund in your name. You would qualify for an income tax charitable deduction. If you make your gift with appreciated securities, you avoid the capital gains tax on long-term appreciation. Trusts can be set up to provide a fixed payment amount each year or a fixed percentage, with variable payments each year.
To participate in the Planned Parenthood pooled income fund, you would make an irrevocable gift of $5,000 or more, in return for shares in the fund. Your gift and that of others is invested in the Pooled Income Fund for the duration of your life. You will receive the income earned by the fund in proportion to the number of shares you own. All donors qualify for an income tax charitable deduction. If you make your gift with appreciated securities, you avoid the capital gains tax. Your annual income will fluctuate based on the fund performance. The income is taxed as ordinary income to you. Most importantly, you have established a legacy for Planned Parenthood or one of our affiliates.