Planned Giving
MAKE A DONATION TO BETHANY HOUSE ACADEMY
BHA is establishing an Endowment Fund. We are pleased to be able to offer our donors and supporters many different options for planned giving through this Fund. Opportunities to give include providing a gift to BHA through your will, making a gift of appreciated stock to avoid capital gains taxes or establishing a Charitable Gift Annuity to provide income to you for life, while also supporting BHA.
Bequestback to top
The most common form of a deferred gift, a bequest, is a gift that you make to the Bethany House Academy in your will. You can create a fund at your death by designating a dollar amount, a percentage of your estate or the remainder (residue) to be distributed to the Endowment.
Charitable Gift Annuityback to top
A charitable gift annuity is a contract between you and Bethany House Academy in which BHA is obligated to make periodic payments to you as provided in the gift annuity agreement. The payment you will receive depends on the amount of your gift and your age. If you are younger than 60 years old, you can create a deferred charitable gift annuity. You will receive a charitable deduction in the year that you establish the charitable gift annuity. A five-year carry forward is also available. At your death, the remainder is gifted to the Bethany House Academy Endowment.
Charitable Lead Trustback to top
A charitable lead trust is a transfer of cash or property into a trust. You donate the “lead” interest for a term of years, or for the life of an individual. Your organization will receive a predetermined annual distribution based on the value of the trust at the time it is created. At the termination of the trust, the remaining assets will be distributed to those individuals chosen by you at the time the trust was created. While there are generally no income tax benefits to you for creating a charitable lead trust, the individual recipients pay gift or estate tax only on the discounted remainder interest.
Charitable Remainder Trust (Annuity or Unitrust)back to top
You can establish a charitable trust in which you and/or others retain the right to receive income for life, or a period of years, with the remainder to be distributed to the Bethany House Academy Endowment. This trust is most valuable when funded with appreciated property, because the sale of appreciated assets held in the trust is not subject to capital gains tax. You will receive a current charitable income tax deduction for the year in which the trust is established. With an annuity trust, you will receive a fixed payment based on the initial value of the trust. With a unitrust, you will receive payment based on the fair market value of the trust, as calculated on an annual basis.
Life Insuranceback to top
There are many ways that you can contribute life insurance policy proceeds to the Endowment. You can name the Bethany House Academy Endowment as primary beneficiary of a policy that you own to receive all or part of the proceeds. You can also purchase a new policy and transfer the ownership of the policy to the Endowment. You can make a gift of a paid-up policy to the Endowment and transfer ownership, or you can give a policy to the Endowment on which you will continue to pay the premium. The tax benefits vary with respect to each of these examples.
Retirement Fund Assetsback to top
You can designate the Bethany House Academy Endowment to receive all or a portion of your qualified retirement assets by naming the Endowment in a beneficiary designation form. Since retirement assets are subject to both inheritance tax and income tax, it is often the best asset to leave to a charitable organization. After taxes, an individual may receive as little as 30 percent of your retirement assets. If, however, you give your retirement assets to the Endowment, the Endowment receives 100 percent.
Sponsorshipback to top
A BHA sponsorship is a great way to show the community that your business cares about our neighbors in poverty, hardship and crisis. For more information about the following sponsorship opportunities and the benefits to your company, contact Adriane at ADiethorn@bhaweb.org.
▪ BHA Van – We need a van and sure could use your help! We travel sometimes daily all over Northside of Pittsburgh, picking up and delivering food, clothing and household goods. It will also be used to transport our kids field trips and medical appointments. Your logo will be on the back of the van.
▪ BHA Signature Event – Your company can be the major sponsor of one of our fundraising events that we will hold each year.
▪ E-Newsletter – The e-newsletter is e-mailed to 5,000 local residents three times a year. It also is posted on our website. Your logo will be prominently displayed.
▪ Annual Report – This is available on our website. Your logo will be prominently displayed.
▪ Website – This website has many visits each month. Your name/logo will appear at the bottom of every single page with a link to your website.