Many people think legacy giving — also known as planned giving — is only for the wealthy. In reality, even people of modest means can make a significant difference through legacy giving.
While there are many ways to make a contribution, the easiest is a simple bequest. In your will, you can designate that you would like a certain amount of money donated to Cancer Support Community Greater Philadelphia so that no one has to face cancer alone.
Alternatively, you can designate that a certain percentage of your estate be donated to Cancer Support Community Greater Philadelphia, or that the remainder of your estate after other designations be donated to Cancer Support Community Greater Philadelphia.
Some other Legacy Giving options include:
- Bequests: You can include Cancer Support Community Greater Philadelphia in your will and specify an asset, amount of money, percentage of our estate, or other designation.
- Charitable Gift Annuity: This type of gift can provide partially tax-free income for life and some tax benefits.
- Charitable Lead Trust: A lead trust provides an income to the charity for a period of years (usually 10 to 20 years); after the trust’s term is complete, the trust assets are transferred to family members.
- Retirement Assets: You can name Cancer Support Community Greater Philadelphia as a beneficiary of your IRA, retirement or pension plan.
- Insurance Policies: Gift an existing life insurance policy or purchase a new life insurance policy naming Cancer Support Community Greater Philadelphia as a beneficiary.
If you’re considering a legacy gift, we recommend speaking with an accountant or financial adviser to understand all your legacy giving options, their tax implications, and other benefits. Please contact us at 215.879.7733 for more information.