Planned Giving
Support our cause through planned giving
Planning Today, Caring Tomorrow: Your Gift Makes a Difference
As the term implies, “Planned Giving” requires careful consideration but perhaps the most important element is a heartfelt commitment to a cause. There is no minimum contribution amount required to qualify, and planned giving is accessible to anyone, regardless of their income. Essentially, Planned Giving allows donors to make larger gifts than to leave a legacy of your generosity for years to come.
If you:
- are passionate about seniors receiving the care, dignity, and respect they need and deserve;
- are familiar with Wesbury’s excellence in fulfilling these needs;
- are interested in supporting our cause by giving to Wesbury’s Benevolent Care Fund; and
- would like to maximize your philanthropic impact, without depleting your income, and receive possible tax benefits
...then we invite you to consider a Planned Gift to Wesbury.
Find Out More
How do you move forward in setting up a Planned Gift?
You will need the following information:
- Legal Name: Wesbury Retirement Community
- Federal Tax ID#:
- Contact: Rhonda Thomas, VP of Stewardship and Development for The Wesbury Foundation
- Address: 31 N. Park Ave., Meadville, PA. 16335
Please consult with your financial advisor, legal representative, and/or insurance professional to ensure that your Planned Giving vehicles serve your best interest and are in accordance with sound financial/legal practices.
What Planned Giving Vehicles Does Wesbury Encourage?
- A financial gift that is given through a will
- May be in the form of cash, bank accounts, stocks/bonds, retirement plans, personal property*, or real estate*
- Could qualify for an estate tax charitable deduction
- Common and simple to prepare.
- Does not affect your everyday cash flow
- Can donate a fixed amount, a percentage, or the remainder of your estate
- Easily add Wesbury as a beneficiary without changing your entire will – ask your attorney about a codicil amendment
- An estate planning tool that you manage during your lifetime and use to leave financial property when you pass away.
- Open the trust vehicle while still living.
- Not subject to Will probate proceedings – ensure specific assets are promptly sent to your chosen beneficiary.
- Unlike a Will, a living trust is not public record, so financial affairs remain private.
- Can be in the form of cash, bank accounts, stocks/bonds, real estate*, or other investments.
- May be modified during grantor’s lifetime.
*Wesbury reserves the right to decline gifts of real estate or personal property. Please consult with the Foundation Office before making Wesbury the beneficiary of these assets.
- Avoid paying tax on a distribution by rolling it over directly as a charitable donation.
- Must be 70 ½ or older at time of distribution. The distribution amount may be the minimum required distribution or any other amount up to a maximum amount of $100,000 per year, per individual.
- Distribution is tax free for the donor and the charitable organization.
- Avoids high tax rates often incurred by estate heirs.
May lower donor tax bracket.
- Widely regarded as the most optimal charitable inheritance asset.
- Avoids estate tax as well as income tax (when the beneficiary inherits).
- Avoids beneficiaries paying tax on distributions by naming Wesbury as beneficiary.
- Can use any percentage (1% – 100%).
- Easy to transfer ownership.
- Must own stocks for at least one year before donating.
- Gift appreciated stocks to Wesbury (especially those offering low dividends) and avoid capital gains taxes.
- Deferred gift: Designate Wesbury as the beneficiary of a permanent policy.
- Immediate gift: Cash in or change ownership of an existing life insurance policy, or open a new policy in Wesbury’s name, with Wesbury as the beneficiary.
*Wesbury reserves the right to decline gifts of real estate or personal property. Please consult with the Foundation Office before making Wesbury the beneficiary of these assets.
If you would like to discuss your Planned Giving to Wesbury, please contact Rhonda Thomas at 814-332-9264 or rthomas@wesbury.com. She will be happy to personally assist you or direct your questions to a member of Wesbury’s financial team.
