A “pay it forward” strategy designed to increase planned giving among donors is boosting The Foundation’s lasting legacy for responding to the region’s community needs. Against the harsh background of economic recession and an anticipated fall-off this year in charitable giving, the Foundation has continued to grow new deferred gifts, most of which have been committed by donors as bequests from their wills or through their retirement plans. “Planned giving is resonating especially strongly with our donors this year,” said Janice Black, the Foundation’s President and CEO. “People who are philanthropic still want to give even though times are hard economically. Planned giving enables them to do that while avoiding an immediate financial outlay. “It works as a different way of giving which donors are keen to learn more about, and at the same time it serves as a tax planning tool while helping donors to make provisions for their philanthropic interests in the future.” Among the most popular planned gifts are bequests made by donors to their existing funds where the Foundation is named in their will. Others are where the Foundation is named as the full or part beneficiary of a retirement plan, such as a 401K, a 403B or an IRA, where they may avoid tax implications that could otherwise apply if used as part of a traditional inheritance. “Quite literally, they are ‘paying it forward’ contributing to a perpetual legacy that will support the well-being of our community for future generations" said Janice Black. | | 2010 Grantmaking Deadlines | AIDS Fund of South Central PA October 8, 2010 | Camp Hill Community Foundation August 27, 2010 | Franklin County Foundation August 27, 2010 | Family and Children Services of Lebanon County April 2, 2010 | Greater Harrisburg Foundation February 5, 2010 | Marty Sacks September 17, 2010 | Mechanicsburg Area Foundation August 27, 2010 | Perry County Community Foundation February 26, 2010 | The Kids Trust April 16, 2010 | Whitaker Fund for Science and Math May 7, 2010 | Women's Fund October 15, 2010 |
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All grant guidelines will be posted to the website a minimum of 8 weeks prior to the proposal due date.
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