Give back through your assets

Many assets can donated to the Philadelphia Foundation for credit to your fund or used in conjunction with your estate planning to support a fund that makes a difference in our region.

Activate Your Assets

Cash, Checks, Credit Cards

Cash gifts are deductible up to 60 percent of adjusted gross income. Claim deductions for larger gifts for up to five subsequent years.

Life Insurance Policies

Life insurance policies that are no longer needed for personal financial wealth replacement can be used to establish a legacy of community support while offering tax benefits including reduced income taxes and estate taxes.

 

There are two options:

You can irrevocably assign your insurance policy to the Philadelphia Foundation, which you also name as a beneficiary of the policy.
You can name the Philadelphia Foundation or one of its funds as the beneficiary of an existing policy that you continue to own.

Retirement Assets

Distributions from an Individual Retirement Accounts (IRA) can be made directly to the Philadelphia Foundation. Under current law, you do not have to realize the distribution as income first and pay tax on it, unless you are contributing to a donor advised fund. You save on estate taxes, federal and state income taxes that could be as high as 75 to 85%.

Real Estate

Real property such as a house, apartment building, farm, vacation home, commercial building, and income-producing and non-income-producing land can be donated. The timing is up to you:

 

  • You can donate now, through your estate or use the asset to establish a Charitable Remainder Trust that provides income to you or your children.
  • You can create a life estate gift that allows you to continue to live in the home as long as you need to, and enjoy a current income tax deduction. When you pass away, The Philadelphia Foundation will sell the property and use the proceeds to support the charitable purposes you care about most.

Closely Held Corporate Stock

Donating corporate stock is a cost-effective way to maximize your philanthropic options while, in many cases, minimizing your tax liability. You can:

 

  • Pass ownership of your company to children or key employees while not straining available assets and liquidity.
  • Sell your company and minimize estate taxes.
  • Get equity out of your company to provide income.
  • Create a family philanthropic program using the assets of your business.

Limited Partnership Interests

Contribute investment or business partnerships, or family limited partnership interests.

Please contact us to learn more about how to donate various types of assets. You can also give to an existing fund today.

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