A charitable donation you set up as part of your estate plan that benefits St. Paul's after your lifetime.
Also known as legacy giving, a planned gift allows you to create a meaningful legacy that will continue to make a lasting impact, supporting a mission that was important to you.
Planned Giving Advantages
- Costs you nothing in your lifetime.
- It can be altered if you change your mind.
- It can provide you with income.
- It can reduce taxes for you and your heirs.
- It might enable you to make a larger gift than you could in your lifetime.
You will need the following information to set up a planned gift:
Legal Name: St. Paul Homes
Federal Tax ID#: 25-0773080
Contact: Dawn Hartman, Director of Strategic
Giving
Address: 339 E. Jamestown Rd., Greenville, PA 16125
Types of Planned Gifts
Bequests
Most common — This is a gift made through your will or trust.
How to do it: Simply include a simple provision in your will or trust agreement naming St. Paul’s as a beneficiary.
What you can gift: A specific dollar amount, a percentage of the total value of your estate or the remainder of your estate, or a particular asset such as stocks or property.
Retirement Account
Easiest to do — This gift is made simply by naming St. Paul’s as a beneficiary of your retirement plan, such as an IRA, 401(k), 403(b), etc. IRAs are the most heavily taxed asset to leave your heirs, so they are an excellent option for making a charitable gift instead.
How to do it: Simply update your beneficiary designation form with your plan administrator.
What you can gift: Any percentage you want. You can even name St. Paul’s as a contingent beneficiary to only receive funds if your primary beneficiary passes away before you.
Life Insurance Policy
Flexible and affordable — This gift is made by naming St. Paul’s as a beneficiary of an existing life insurance policy or transferring ownership of a policy to St. Paul’s.
How to do it: Contact your plan administrator to complete the appropriate form, either a beneficiary designation form or a transfer ownership form.
What you can gift: The full value of the policy or a designated percentage.
Charitable Gift Annuity
Most popular — This is one of the most popular planned giving opportunities that will pay you income for life and allow you to support St. Paul’s mission too.
How to do it: You can start your charitable gift annuity with a minimum investment of $10,000 in cash, securities or other assets, such as funds from an IRA.
What you can gift: After your lifetime, the remaining funds will go to St. Paul’s.
Charitable Remainder Trust
Most tax benefits — This gift involves setting up an irrevocable, tax-free trust that pays you or your beneficiaries income for life or a set period of time and then benefits St. Paul’s.
How to do it: You can start a charitable remainder trust with a minimum of $100,000 in cash, securities or other assets, such as funds from an IRA.
What you can gift: After your lifetime or the trust’s term, the remaining funds will go to St. Paul’s.
Donor Advised Fund
Most versatile — This gift involves naming St. Paul’s as the beneficiary of your donor advised fund (DAF).
How to do it: You can name St. Paul’s as a beneficiary of your DAF when you start it. For an existing DAF, talk to your fund administrator about adding St. Paul’s.
What you can gift: Depending on how you set it up, a DAF can pay out as a one-time gift to St. Paul’s after your lifetime or can continue to provide annual support to St. Paul’s forever.
