Plymouth Meeting Friends School now offers Charitable Gift Annuities (CGAs), an attractive option for donors who want to make a meaningful gift to Plymouth Meeting Friends while also enjoying a secure fixed income.
Plymouth’s CGAs are being offered in partnership with
Friends Fiduciary Corporation (FFC), a Quaker non-profit corporation, which supplies financial services to other Quaker non-profit organizations and Meetings and donors who wish to support them.
A gift to charity to establish a charitable gift annuity offers, in return, a fixed payment over the term of either one or two lives, usually the donors'. The annuity income may also be designated for the lives of one or two other annuitants.
When you establish a charitable gift annuity with your irrevocable transfer of cash or appreciated securities to benefit Plymouth Meeting Friends School, you enter into a legally binding written contract with FFC. Friends Fiduciary maintains a segregated annuity reserve fund to back its annuity obligations. All aspects of your charitable gift annuity, including beneficiary payments, income tax reporting, state regulations, and investment, will be managed for you and PMFS. The donor clearly designates PMFS as the charitable beneficiary of the contract. At the conclusion of the annuity, the remainder of the gift is given to the school.
Benefits of a charitable gift annuity include:
* Fixed Income for Life
* Federal Income Tax Charitable Deduction
* Capital Gains Tax Savings
* Federal Estate Tax Savings
* Personal Satisfaction
If you would like to learn more about this giving opportunity and how it can help you meet your financial and philanthropic goals, please contact
Susannah Hunter, Director of Development.