Also known as legacy giving, a planned gift is a charitable donation that you set up as part of your estate plan, which will benefit St. Paul's after your lifetime. This type of gift enables you to create a meaningful legacy that will continue to make a difference, supporting a mission that was important to you in your life. There are several advantages to making a legacy gift:
Check out the options below to learn more about the most common types of legacy gifts, or contact Dawn Hartman, Director of Planned & Major Giving, at 724-589-4611.
If you include St. Paul’s in your estate plans, please let us know by completing the form below. We would love to have the opportunity to welcome you to the Legacy Society and discuss how you would like your gift to make an impact.
A charitable bequest in a will or trust is the most common type of planned gift arrangement. You can elect to leave St. Paul’s a specific dollar amount, a percentage of the total value of your estate, or a percentage of the remainder of your estate.
A charitable gift annuity is an irrevocable agreement that pays you and/or a spouse a fixed income for life, part of which may be tax-free. The amount that remains after your lifetime will go to St. Paul’s. Learn more.
Setting up a charitable trust is a philanthropic and financially advantageous way to support your favorite charity, create a lifetime income for yourself and save on taxes - all in one tool. Charitable trusts are usually set up with larger gifts of $50,000 or more. Learn more.
A donor advised fund can be established through a foundation such as the Community Foundation of Western PA & Eastern OH, commercial companies like Fidelity or Schwab, or other non-profits.
You receive an immediate income tax deduction for gifts to your fund, and avoid capital gains tax if using appreciated securities. After your passing, your fund can be distributed to your chosen charitable beneficiary or can continue to provide support in perpetuity.
There are several ways to make a charitable gift using life insurance. You could gift a paid-up life insurance policy you no longer need. You could name St. Paul’s as a beneficiary of your life insurance policy. You could make St. Paul's the owner and beneficiary of an existing policy, while you continue to pay the premiums. Depending on the option you choose, you may claim an income tax deduction for the cash surrender value of the policy and the premiums.
A pooled income fund is a type of charitable trust that St. Paul's offers as a giving option. Your gift of cash or appreciated securities to the pooled income fund will be invested and managed together with other donors' contributions. You will receive quarterly dividends for life based on your share of the fund. After your lifetime, the remainder of your share of the fund would come to St. Paul's as a charitable gift.
Another tax efficient way you can make a donation is to name St. Paul’s a beneficiary of all or a portion of a retirement account, such as an Individual Retirement Account (IRA), 401(k), 403(b), etc. IRAs are the most heavily taxed asset to leave your heirs, and with the changes the SECURE Act made in 2019 on top of that, many donors choose to designate other assets for their heirs and make a charitable gift with their IRA instead.