Planned Giving

The Hanna Perkins Society
Recognizing the generosity of gift planning

The Hanna Perkins Society honors individuals who make financial provisions for the future of Hanna Perkins.

This new designation recognizes the generosity of gift planning and honors individuals who make financial provisions for the future of Hanna Perkins.  A well-planned legacy gift is an affirmation of your commitment to the children and families of Hanna Perkins, and will serve as an example to your family and community.

As you plan for loved ones, you may want to consider a charitable gift to The Hanna Perkins Center for Child Development. These forms of giving enable you to plan for your future, while perhaps saving tax dollars.  At the same, you will provide significant support to Hanna Perkins and the children and families we serve. A planned gift to Hanna Perkins might take one of the following forms:

  • A Bequest is a gift of property or assets to Hanna Perkins, as defined in your will.
  • A Charitable Gift Annuity guarantees you fixed income for life. The annuity payment is based on the amount of your gift to Hanna Perkins and the age of the annuitant(s) at the time your gift is made. You will receive an immediate income-tax charitable deduction, and a portion of the annuity payments may be tax-free.
  • A Charitable Remainder Trust will provide an income for you and/or beneficiaries selected by you for a period of up to 20 years or for life. When the trust ends, the remaining trust assets are transferred to Hanna Perkins. At the time the trust is funded, you will receive an immediate income-tax charitable deduction, and you can potentially achieve avoidance of current capital gains tax when you fund the trust with long-term appreciated property.  You will also receive a reduction in the value of your estate, which may avoid or reduce transfer taxes, probate costs and estate taxes.
  • A gift from a Trust is any arrangement where property is to be held and administered by a trustee for the benefit of those for whom the trust was created. A trust may be revocable (changeable) or irrevocable (not changeable).
  • A Financial Endowment is a donation of money to Hanna Perkins for its ongoing support. Usually the endowment is structured so the principal amount is kept intact while a percentage of the investment income is available for use by Hanna Perkins each year – which allows for the donation to have an impact over a longer period of time. An endowment gift may come with stipulations regarding its usage.
  • Making Hanna Perkins the beneficiary of a life insurance policy, retirement plan or IRA.

Donors will become members of The Hanna Perkins Society as soon as their gift intentions are made known to The Hanna Perkins Center for Child Development.  There is a minimum gift or bequest requirement of $5,000.

With their permission, Hanna Perkins Society members will be acknowledged on the Hanna Perkins website and annual report.  If preferred, donors may remain anonymous.

Additionally please note: IRA Charitable Rollover Provision

On Dec. 18, 2015, Congress reinstated the IRA Charitable Rollover Provision. The Protecting Americans from Tax Hikes Act of 2015 is legislation that includes a permanent extension of the IRA charitable rollover. Donors age 70½ or older can now make tax-free charitable gifts of up to $100,000 per year directly from their Individual Retirement Accounts to eligible charities, including colleges, universities and independent schools.

For more information about The Hanna Perkins Society, please contact:

Beth Watson
Director of Development
216.929.0198
bwatson@hannaperkins.org

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