Planned Giving

Planned giving offers you a way to invest in the future of Gratz College while realizing financial and charitable benefits for you and your family.

A planned gift with Gratz College will strengthen the institution while providing you with opportunities to enhance lifetime family income and reduce current and future taxes.

Gratz College’s Planned Giving Program includes a number of attractive options, such as bequests, gift annuities, charitable trusts and programs tailored to your specific needs.

Friends who have helped to sustain the legacy of Gratz College through a planned gift are recognized as members of the Legacy Society.


Annuities

A charitable gift annuity enables you to make a gift for the future benefit of Gratz College and receive a fixed annual income in quarterly installments, as long as you live. Your rate of return remains the same for the rest of your life. The gift can be cash, stock or real estate.

A Deferred Gift Annuity allows you to receive higher benefits because payments start at a later date.

A minimum $5,000 contribution is all that is needed to establish your charitable gift annuity.


Trusts

Many people establish trust arrangements to “plant” security for themselves, their families, and for Gratz College activities.
So can you.

A trust is a legal structure allowing you to transfer ownership of property, assign management responsibilities and generate benefits from the property held in trust. Here are a few types of trusts:

Charitable Remainder Annuity Trust

This irrevocable trust agreement provides for fixed annual income for the named beneficiaries. It is a prudent choice for those who are more concerned with constant and predictable payments than with the effects of inflation. An income tax deduction is available for the year of the gift, and unused portions may be carried over for up to five years. Income is taxable to the annuitant according to the type of annual income generated by the trust, such as ordinary income, capital gains, tax-free income and distribution of principal.

Charitable Remainder Unitrust

This trust differs from the annuity trust in the calculation of the annual distribution amounts by providing for payments to be based on a fixed percentage of the trust assets as revalued annually. This allows income to rise or fall on an annual basis, reflecting changes in the asset composition of the trust. It enables the Unitrust beneficiary to participate in the growth of the trust over its term.

Gifts of Real Estate

Real estate, in the form of a house, farm or commercial property, is an excellent source for giving. A gift of real estate can be designed to allow the donor life use of the gift property. This use can be extended to include the life of a second person, such as your spouse.

The tax benefits to the donor of a gift of real estate are significant. The impact of capital gains taxes, often so sizable  that direct sale of the property is not advisable, is minimized. A tax deduction is allowed for the year in which the real estate gift is made, and, if necessary, may be spread over up to five years beyond the giving year.

Gifts of Stock

Gifts of stock are an excellent way to support Gratz College and offer opportunities for significant savings on capital gains taxes.
In general, gifts of long-term stock provide the donor with a charitable contribution income tax deduction that may be applied for up to thirty percent (30%) of his or her adjusted gross income. The deduction may be used in the year of the gift, and unused portions may be carried over for up to five years.

Gifts of Life Insurance

With a gift of life insurance, payment is made immediately at your death. It does not pass through probate, is paid in full without taxes and probate costs, and is not of public record.
You can use life insurance in a variety of ways to benefit Gratz College:

  • Donate a paid-up policy originally purchased to satisfy a need that no longer exists
  • Donate a policy that is not fully paid up, and take a deduction for the “present value” of the policy
  • Take out a new policy naming Gratz College as the beneficiary and owner
  • Add Gratz College as a co-beneficiary, a second beneficiary or as a remainder beneficiary on an existing policy. Your premium payments will be tax deductible.

Retirement Plans

Retirement Plans offer an excellent way to benefit Gratz College. By making Gratz College a beneficiary of a portion of your IRA, Keogh, 401K, 403b or other retirement plan, you help ensure that our work will continue.


Wills & Bequests

“So when at the advanced age of 80, I sat down to write my last will and testament before going to face my Creator, I decided it was my responsibility to provide for the future of my community for generations to come. After creating a lifetime trust for some of my dependent relatives, I bequeathed the remainder of my estate to create ‘a College for the education of Jews…’ And so my vision was fulfilled and Gratz College was established.”
~Hyman Gratz

As you contemplate the purpose of your own will, please consider a bequest to Gratz College to help perpetuate its goals. In a bequest to Gratz College, you may designate your gift to a specific area of education, or you may direct your gift to "the area of greatest need." Gratz College will honor your wishes.

Any possession may be transferred to a qualified non-profit organization, such as Gratz College, through your will (including savings bonds). By law, charitable transfers reduce the amount of your taxable estate.


For more information, contact Len Zimmerman, 215-635-7300 x153, or Mindy Cohen, x155, Office of Institutional Management.

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