A planned or deferred gift is one that is arranged during one's lifetime, but the benefit to PHS is deferred to a future date. Bequests, gift annuities, charitable remainder trusts, charitable lead trusts, and gifts of life insurance are ways to support PHS through planned giving. Please peruse the options below. For additional information about ways in which you can make a planned gift to PHS, please contact the PHS Development Office at 215-988-8766.
A bequest is a very simple way to provide a planned gift to PHS and often allows donors to make significant contributions that may not have been possible during their lifetimes.
To provide for PHS in your will, the following wording is suggested:
I hereby give, devise, and bequeath to the Pennsylvania Horticultural Society, a nonprofit corporation organized and operating under the laws of the Commonwealth of Pennsylvania, the sum of $_______ to be used for PHS’s general purposes.
If you have an interest in establishing a fund for a specific purpose, please contact the Development Office for guidance.
A Charitable Gift Annuity is a fixed income plan, which pays you and/or another beneficiary a guaranteed income for life. In exchange for your gift of cash or securities, PHS will provide the beneficiary with a guaranteed lifetime income, a portion of which is tax-free. Gift annuity rates are determined by the age of the person or persons who receive the income payments. A gift annuity requires a $10,000 minimum gift and a minimum age requirement of 60.
Charitable Remainder Unitrusts (CRUT) and Charitable Remainder Annuity Trusts (CRAT) are types of trusts that make payments to you or a beneficiary for life or a term of years. At the expiration of the trust, PHS receives the principal. A unitrust makes annual payments based upon the changing value of the principal each year. Annuity trust payments are fixed at the date of the gift.
A Charitable Lead Trust (CLT) is an irrevocable trust into which the donor places an income-producing asset for a fixed period of time during which income is paid to PHS. At the conclusion of the trust term, the asset is returned to the donor or another beneficiary specified by the donor.
You may designate PHS as the owner/beneficiary of a life insurance policy that you and your family may no longer require. You may transfer actual ownership of the policy to PHS or purchase a new policy for PHS's benefit.
The Elizabeth S. Schaffer Society honors those individuals who have provided for the future of the Pennsylvania Horticultural Society by including PHS in their estate plans. Members of the Elizabeth S. Schaffer Society are recognized in the Annual Report and will receive invitations to attend special events.