The work of the Foundation has already borne fruit and has led to an
increased demand to continue such valuable international endeavors.
Programs and operational expenses are maintained through the assistance
of many volunteers, friends and benefactors who believe strongly in the
need for such an international mode of evangelization. The Foundation,
always in need of continued resources, encourages contributions toward
its vital ministry, for which it is uniquely positioned. The Foundation
possesses 501(c)(3) status.
|Charitable Planned Giving
Here’s how to help the Path to Peace Foundation (“PTP”) by
charitable planned giving. There are many ways to support the Path to
Peace Foundation including making an outright gift, remembering the
foundation in your last will and testament or engaging in charitable
Remembering the PTP in your last will and testament is as easy as
including the following language in your will,
I give, devise and bequeath to the Path to Peace Foundation the sum of
_____ (or otherwise describe the gift or specify a percentage of the
While the first two options are relatively simple, for some, a planned
charitable giving program may seem overwhelming. A planned giving
program is not the same as giving a donation to a charity or in making a
bequest in a person’s last will and testament. Planned giving is
arranged while the donor is still living through one or more programs
and come in all sizes and amounts. If you wish to make any of these
commitments, you and your financial adviser will want to determine the
type of gift that best suits your personal situation.
The following is a brief introduction aimed at providing some basic
ideas about a few of the planned giving vehicles that prospective donors
can use to support the work of the PTP.
|What is a Planned Gift?
A planned gift is an irrevocable or revocable gift, given in a
creative way to charitable organizations using many different types of
assets. It is a way for donors to make gifts to organizations to receive
financial benefits and to make larger gifts than they thought possible.
It is also a way to help donors achieve philanthropic and financial
objectives as follows:
1. Make a major gift and obtain a charitable income tax deduction
2. Avoid or reduce paying capital gains taxes if the donation includes
increased valued assets
3. Avoid probate costs, reduce estate taxes and reduce federal income
4. Increase current yield from stocks and bonds
5. Plan for retirement and for family
6. Provide permanent support for charitable organization
|How Can a Planned Gift be Funded?
||There are many ways that these gifts can be funded. Here are some
This mode is simple. The donor writes a check or transfers assets (such
as stocks, bonds, Treasury Bills, art work, jewelry, heirlooms and
antiques, copyrights and licenses, or real estate) to the charity.
Gifts of Insurance
In this mode, the donor makes the charity the owner and beneficiary of a
life insurance policy. The bonus that the donor receives is an income
tax deduction on the premiums. This gift might work as follows: An
individual purchases a $500,000 life insurance policy for him/herself.
The policy is to be funded by ten annual payments of $5000 to the
charity for a total cost of $50,000. The charity pays the premium with
these annual donations. At the inception of the policy the donor signs
over to the charity the ownership to the policy making it the sole
beneficiary at the time of his/her death. The benefits to the donor are
that s/he will receive an income tax deduction on the premium payments
annually and the charity will eventually receive a half-million dollars
upon the donor’s death.
Gifts of Annuities
In this mode, you give a gift annuity whereby you transfer a specified
amount of cash or stocks to the PTP. In exchange, you receive a
guaranteed fixed regular payment for your life and/or that of your
spouse or friend (the older the beneficiaries, the higher the rate.) In
addition, you can take a sizable charitable deduction.
In this mode, the gift is contingent upon a certain level of funding
from another source, such as the donor’s place of employment. For
example: A donor might donate $1000 to the charity and his/her place of
employment will match the $1000, making the total donation to the
Charitable Remainder Trust
This mode of giving is using a vehicle to donate assets after a period
of time by a trust established by the donor and his/her lawyer in
conjunction with the charity. This mode is usually funded with
substantial assets that have significantly appreciated in value over the
years. The donor must pay exorbitant capital gains taxes if s/he redeems
the asset. However, when the donor donates these assets, which are
placed in a trust, and the donor takes an annual fixed percentage of the
trust assets as income, his/her tax obligation is much less. This
vehicle of giving allows the donor to distribute a fixed percentage of
the trust assets annually for a fixed period. At the end of the term,
the remainder trust also becomes the property of the charity.
Gifts of Cash
Maximize your charitable deduction and deliver immediate benefits to the
Gifts of Appreciated Securities
The IRS allows you one of its most significant tax breaks for gifts of
Gifts of Real Estate
Make a substantial gift through a transfer of residential, commercial,
or undeveloped real estate.
Gift of Personal Property
Donate art work, heirlooms, jewelry and antiques to PTP.
Gifts by Will or Living Trust
Leave your legacy by making a gift in your will to friends, family and
Gifts of Retirement Plans
Your retirement plan may be worth more when donated to the PTP than to
Gifts of Life Insurance
Create a significant endowment without dipping into your capital assets.
Charitable Gift Annuities - Immediate
Receive a fixed payout and significant tax benefits.
Charitable Gift Annuities - Deferred
Build retirement earnings by deferring the onset of annuity payments.
Charitable Lead Trusts
A charitable lead trust can provide a significant charitable gift
through your estate and provide an inheritance to your children.
Charitable Remainder Annuity Trusts
Combine a charitable gift with a predictable fixed-income payout by
placing your donation into an individually managed trust.
Charitable Remainder Unitrusts
Choose from several options that best meet your personal financial
|If you have questions about Planned Giving to the Path
to Peace Foundation, please contact us at 212-370-9614.