Planned giving enables donors to make major gifts to Penn Dental Medicine in ways that complement your personal financial planning. Your support through a planned gift can also bring financial benefits to you by generating lifelong income; converting low-yielding assets into a higher income stream at a reduced capital gains cost; obtaining significant income tax deductions; and reducing or eliminating estate taxes.
Gifts made by will are one of Penn Dental Medicine’s most important sources of individual support. Bequests can be made in the form of a specific gift of cash or property, or a percentage of the remainder of an estate. After a bequest, the simplest gift arrangement is a charitable gift annuity, which is a contract between Penn and the donor, providing for the payment of life income at a fixed rate. The donor receives an income tax deduction in the year of the gift, subject to the usual rules of deductibility. The donor may irrevocably contribute cash or marketable securities to establish a charitable gift annuity with a minimum contribution of $10,000. The annuity may have one or two income beneficiaries.
For more information, visit Penn’s Office of Gift Planning or call toll-free at 800-223-8236.