Plan your Gift
Making the most of your charitable gifts will help advance your philanthropic goals whicle supporting those you care about and leaving a personal legacy.
There are many ways to support students or invest in the future of the College, and our staff can work with you and your attorney or financial planner to create a giving vehicle that works for you.
Giving through Retirement Plans
Retirement plans such as IRAs and 401(k)/403(b) accounts can be a tax-advantaged way of giving current or future charitable gifts. Those age 70 ½ or older may make a tax-free charitable distribution of up to $100,000 to a qualified charity like the PHSC Foundation. These transfers count toward your annual Required Minimum Distribution (RMD) and reduce your taxable income. You can also arrange a future gift by naming the PHSC Foundation as a beneficiary of your retirement plan.
Gifts of stock, mutual funds, or securities can be easily transferred to the PHSC Foundation to provide an immediate benefit for students and the College. Other property, such as collectibles, art, patents, real estate, copyrights and other valuable assets may also be donated to PHSC for charitable purposes.
Noncash gifts may allow you to avoid capital gains tax on the sale of the property. The Foundation Board has Gift Acceptance policies in place which govern whether they can be accepted. Please contact us if you are interested in making a noncash gift.
Insurance Policies and Other Accounts
Many people choose to designate the PHSC Foundation as a beneficiary of insurance policies or other brokerage or financial accounts. Doing so is an easy way to make a larger gift over time.
Wills and Trusts
Arranging for charitable gifts to the PHSC Foundation through your will, trust or other estate plans allows you to ensure your family is taken care of while leaving an enduring legacy at PHSC. We can work with you to establish a named endowment to support students and programs that match your giving priorities. Your endowment can be funded during your lifetime or through the remainder of your estate, and will be reinvested in perpetuity, ensuring your legacy lasts forever.
Gift Annuities, Donor Advised Funds, and Other Options
Some options allow you to arrange a fixed or variable income while also providing for a future charitable purpose, and securing both current and future tax savings. For more detailed information on these giving options, please contact us, or your attorney or financial advisor. We can work together to achieve your current and future philanthropic goals.
Note: The PHSC Foundation can provide general planning information, but it is not intended to be legal, financial, or other professional advice. For such advice, please consult with your attorney or financial/tax advisor.