The baton has passed in Gift Planning at Haverford with the well-earned retirement of Steve Kavanaugh, who provided the firmest of foundations for Planned Giving to thrive and to grow in new and exciting ways. After serving nine years with Steve as the Associate and Senior Associate Director, I am excited to embark upon the role of Director. For those of you who do not yet know me, I look forward to meeting with you and to continuing and deepening your lifelong relationship with Haverford.
Whether you are a regular to campus or haven’t been back to the college since your last reunion (or graduation decades ago), I am interested in learning about your path to and beyond Founders Hall and gaining your insights and perspectives. On matters large and small I am available to answer any questions or concerns you may have and to partner with you on behalf of today’s students and future generations of Haverfordians.
So much has been happening on campus in recent years and months--including the spectacular renovations to Sharpless Hall and Ryan Gym, now the Visual Culture Arts and Media (VCAM) facility, and so much has been made possible through the generosity of a relatively tiny community base. Planned gifts have been and will continue to be integral to Haverford’s future.
The vast majority of folks--like Jacob P. Jones himself, a proud Haverford parent--choose to make the most straightforward of planned gifts, a contribution through a will or beneficiary designation. This is relatively easy to do and, if you are age 70 or older, can be credited as a gift to Haverford now. If you are not yet ready to think about a will, you might consider making an outright gift to fund a charitable gift annuity (CGA) or a charitable remainder trust (CRUT) that provides you or someone you designate with a steady income and also benefits Haverford and for which you may be eligible to claim a tax deduction. Whatever your interest in having an impact at Haverford through your philanthropy, I or Gift Planner extraordinaire Margaret Gindhart in the Office of Gift Planning are available to work with you.
Our door is literally open to you on the second floor of Founders, and I am easily available by phone at 610-795-6079 or by email at email@example.com.
With appreciation for your ongoing interest in and commitment to Haverford,
Olga Briker, Ph.D.
Director of Gift Planning
I want to plan a gift based on my...
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to Haverford College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
"I give to Haverford College, a nonprofit corporation currently located at 370 Lancaster Avenue, Haverford, PA 19041, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Haverford or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Haverford as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Haverford as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and Haverford where you agree to make a gift to Haverford and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.