November/December 2001 (XXXIX 5)

STEWARDSHIP

PYM presents "Giving Menu"

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or most Friends, giving is as natural as eating. Yet we’ve all had the experience of being in a restaurant with unfamiliar items on the menu. The same thing can happen with giving: we’re not sure what all the choices mean. Fortunately we have a guide in Elizabeth Foley, PYM’s Director of Development. Check out the choices on PYM's Giving Menu:

1. Write a check to the PYM Annual Fund. Better yet, make it a part of your monthly budget.

2. Make a gift of appreciated stock so you don’t need to worry about what you paid for the stock or how much capital gains tax you might have to pay if you sold it. You get a tax deduction for the current market value.

3. Include PYM and your Monthly Meeting in your will or trust: “I leave $______ to Philadelphia Yearly Meeting.” For example, if you have been giving $500 to PYM and your Monthly Meeting each year, then you might leave $20,000 which at a 5% return would produce $1,000 per year, your annual support gift after you’re gone.

4. Write a check or give appreciated stock to PYM’s Pooled Life Income Fund to benefit PYM or another Friends organization. You can receive the current income rate of the fund for life and get an income tax deduction too.

5. Write a check or give appreciated stock to PYM as a Charitable Gift Annuity and get an immediate income tax deduction plus a return based on your age. For example, with an initial gift of $25,000 you would get:

   Age	Rate	Annual Annuity Income	Charitable Deduction
   65	7.0%	$1,750	$9,079
   70	7.5%	$1,875	$10,014
   75	8.2%	$2,050	$11,002
   80	9.2%	$2,300	$12,095
   85	10.5%	$2,625	$12,249
   90	12.0%	$3,000	$14,454

   
   

6. Create a Charitable Remainder Trust with appreciated stock and bypass any capital gains tax. You get a 5% or larger return which is probably more than your stock’s current return, and PYM or your Monthly Meeting gets the principal after you’re gone.

7. Create a Charitable Lead Trust to benefit PYM or your Monthly Meeting now for a period of years up to 20 and give what’s left over then to your children or grandchildren.

Call Elizabeth Foley at 215-241-7115 for help in deciding which Menu item would work best for you.

Copyright © 2001, Philadelphia Yearly Meeting
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Last modified: Wednesday, February 18, 2004 at 08:18 AM