Planned Giving Program

The Priestly Fraternity of St. Peter’s mission is supported solely by the generous giving of our benefactors. While this is normally accomplished via “outright” gifts, there are also many circumstances in which it is favorable to both the donor and the Fraternity to explore a much wider range of giving opportunities.

Our Planned Giving Program meets the needs of our donors across such diverse circumstances and is divided into three main categories: Estate Gifts, Current Planned Gifts, and Deferred Gifts.

Interested in making a gift via a Qualified Charitable Distribution (QCD) from your IRA? Click here.

Estate Gifts include Charitable Bequests and Beneficiary Designation. An estate gift allows you peace of mind, knowing you retain control of the asset during your life. Estate gifts frequently allow a donor to make a substantially larger gift at death than they could during life.

A Charitable Bequest is anything from your estate that you choose to leave to the Fraternity via your will or living trust. A bequest is easy to establish and can be made with cash, securities, real estate, precious metals or jewelry, and a wide variety of other options.

Beneficiary Designation is naming the Fraternity as the beneficiary of the proceeds of your Life Insurance Policy, Retirement Account, Bank Account or similar asset upon your death. It is normally a quick and simple matter of listing the Priestly Fraternity of St. Peter as full or partial beneficiary on the designation form associated with all such assets.

Current Planned Gifts are those which are given in the current year from asset sources normally utilized for investment or other long-term holdings. Examples of such sources would include stocks, CD’s, bonds, Donor Advised Funds, real estate, IRA’s, or precious metals. While a Current Planned Gift may be part of a donor’s annual giving it would normally be utilized as part of a tax strategy, to accomplish a particular charitable end (e.g. a building fund or scholarship) or to fulfil a major charitable pledge.

Deferred Gifts (also known as Income-Producing Gifts) include Charitable Gift Annuities and Charitable Remainder Trusts. Deferred Gifts are most often established during the life of the donor and the donor benefits from the income. However, they may also be structured to benefit another party or used as part of an estate plan for the longer-term benefit of the heirs.

A Charitable Gift Annuity (CGA) is a contract between the donor and the Fraternity, wherein assets are irrevocably transferred to the Fraternity in exchange for an income tax deduction and a fixed stream of income for life. The beneficiary of the income stream may be the giver or another party. Cash, bank certificates of deposit (CD’s), and appreciated common stock are all appropriate items for gifting in this program. A Charitable Gift Annuity may be established for as little as $25,000.

A Charitable Remainder Trust (CRT) provides you with an immediate tax deduction and allows you (or others that you name as beneficiaries) to receive an income for life or for a specified term of years. After being established via irrevocable transfer of assets into the trust, the CRT retains all assets (less income payments to beneficiaries) until the specified term ends or the death of the beneficiary; whatever funds remain in the trust at that time transfer to the Fraternity of St. Peter.

A trust may be funded with cash or equivalents; however, appreciated assets such as real estate, stocks and bonds, or retirement accounts are excellent funding options, given the capital gains tax relief a CRT provides. Estate planners also frequently utilize Charitable Trusts and other strategies to manage the tax burdens of large estates. Set-up fees and annual management expenses for a trust can be expensive; for these reasons, a gift of $250,000 is normally a minimum to establish a trust efficiently.

How to Proceed

As an initial step, it is recommended that prospective participants contact the Fraternity to discuss the details of program options and features. Whether concerning current assets or a future estate, the Planned Giving Program can enable you, the benefactor, to financially support the important work of the Fraternity.

For more information, please contact:
Mr. Joseph Gardner, MBA
Director of Planned Giving
450 Venard Road
South Abington Twp, PA 18411
(570) 319 – 5271