Penn State Wilkes-Barre has been the recipient of several wonderful planned gifts, gifts in which the donor purposefully integrates a charitable gift into his or her overall financial, tax, and estate plan. A planned gift enables a donor to make a positive financial difference for the donor and for his family, while also making an important gift to Penn State. Planned gifts are often thought of as “leaving a legacy” that benefits not only the donor and the donor’s family, but also future generations.
Under the right circumstances, a planned gift can provide a donor and his family with a variety of benefits including:
- increasing current income for the donor or others
- reducing income and/or estate taxes
- reducing or avoiding capital gains tax
- passing assets on to family members at reduced tax costs
- making an important gift to Penn State
Planned gifts can be made using many different kinds of assets. Most planned gifts are made with cash or appreciated marketable securities. However, depending on the donor’s particular circumstances, gifts are often made using qualified retirement account assets, real estate, insurance policies, and even artwork or business interests.
Benefactors who have documented an estate gift to benefit Penn State are entitled to membership in the University’s Atherton Society, a donor recognition group for this special group of donors.
For additional information on the many planned giving options available, please contact Karen Brace-Hodle, External Relations Assistant at (570) 675-9228 or via email at firstname.lastname@example.org