The Pennsylvania Society is a “public charity” under section 501(c)(3) of the Internal Revenue Code, which means that donations to the Society are tax-deductible to the full extent permitted by law.

 

Donations may be in the form of cash, appreciated stocks, bonds, or mutual funds, life insurance policies, retirement assets, or will or trust provisions. Two common ways to include the Society in your estate or trust plans include bequests and beneficiary designations. We recommend consulting your legal or tax advisor for guidance.

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BEQUESTS

It is easy to make a bequest in your will or trust to The Pennsylvania Society and by doing so you make honoring and upholding community, charity, and civility in the Commonwealth part of your enduring impact. Unrestricted bequests or trust provisions permit the Society to use your gift wherever it is needed most; restricted bequests or trust provisions restrict the Society’s use of your gift to activities in areas of the greatest interest to you.

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You may direct gifts to the Society’s Endowment Fund to be professionally managed and invested toward our long-term goals, the Annual Fund to meet the Society’s immediate needs at the time your gift is realized, or designate gifts for a particular purpose. If you’re thinking about making a restricted gift, please consult with the Society to ensure that our strategic priorities align with your interests.

The following is sample language—as a starting point—to provide to your legal or tax advisor working on your will.

 

BENEFICIARY DESIGNATIONS

Designating retirement account assets such as IRAs, 401(k)s, Keoghs, HR-10s, and 403(b)s is another way to support The Pennsylvania Society. Such assets could otherwise be subject to significant estate, income, and other transfer taxes. By designating the Society as the primary beneficiary of any remaining retirement account assets, the gift will avoid both estate and income taxes, while also supporting

the Society.

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Another option is to designate The Pennsylvania Society as the owner and beneficiary of a paid-up life insurance policy or donate a policy to the Society.

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Beneficiary designations can generally be established by naming “The Pennsylvania Society,

139 Freeport Road, Pittsburgh, PA, 15215 (Tax ID Number 22-2688274)” as a beneficiary.

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