Gifts in Wills, Trusts, Retirement Accounts and Other Ways to Give Smart
Gift planning offers meaningful and flexible ways to support the mission and priorities of Presbyterian Senior Living (PSL) and its communities while also caring for yourself and your loved ones.
Your generosity makes an impact today and strengthens the future of the community you hold dear. Thoughtful planning can also reduce income and estate taxes and/or provide a lifetime income.
Individuals who include PSL or one of its communities in their will or other estate plans are honored as members of the Legacy Circle.
We encourage you to consult your legal and financial advisers when considering a gift. The information provided here is intended for general educational purposes and does not constitute legal, tax, or investment advice.
We respect your privacy. Your information is handled confidentially and will never be sold, rented, loaned, or otherwise disclosed.
Gifts That Can Be Used By PSL or a Community Today
You can shape the future and see your generosity in action. In addition to cash, there are many ways to make gifts that benefit PSL and its communities today. These gifts may offer tax advantages, such as an income tax deduction, while supporting current programs, establishing or strengthening endowments, or funding capital projects.
Appreciated Securities: Stocks, Bonds, Mutual Funds
You may make an outright gift of appreciated securities as a tax-wise way to support PSL’s mission. For securities held longer than one year, you may deduct the full fair market value, regardless of the original purchase price, and avoid paying capital gains tax. PSL and its communities welcome gifts of securities of all sizes. Because not all securities transfers come with donor information, please contact us before initiating a transfer.
Gifts from your IRA
If you have an IRA and are age 70 1⁄2 or older, you may make a tax-free gift directly from your IRA to support PSL or the community you hold dear.
Benefits of an IRA Qualified Charitable Distribution (QCD)
- Allows individuals age 70 1⁄2 or older to transfer up to $108,000 in 2025 (adjusted annually for inflation) directly from an IRA to a qualified charity.
- Couples filing jointly may each qualify for annual QCDs of up to $108,000 for a potential total of $216,000 (in 2025).
- Satisfies your required minimum distribution (RMD) for the year.
- Reduces your taxable income, even if you do not itemize deductions, because no taxes are owed on the transfer.
How an IRA Qualified Charitable Distribution Works
- Contact your IRA plan administrator or account custodian to directly transfer a gift from your IRA to PSL or a PSL community.
- The check should be made payable to Presbyterian Senior Living or your designated community. If a memo line is available, please include your name and the active fund you wish to support. You may designate your gift to the area greatest need or to a specific fund. Please contact us to discuss your options.
- Because not all custodians provide donor information, we ask that you notify us when you initiate an IRA QCD.
- To receive tax benefit for the current year, complete your QCD before December 31. Please allow two to three weeks for processing by your custodian.
Donor Advised Funds
If you have a Donor Advised Fund (DAF), you may recommend a grant from your fund to support PSL’s mission without affecting your personal financial position.
Real Estate
PSL may accept gifts of real estate, including personal residences, vacation homes, commercial or rental properties, and undeveloped land. You may receive a charitable income tax deduction for the property’s full fair market value and avoid capital gains tax on any appreciation. In addition, transferring property to PSL relieves you of the responsibility and expense of managing or selling the property.
Charitable Lead Trust
A Charitable Lead Trust can provide significant tax advantages, support PSL over time, and assist with effective estate planning. This type of trust makes income payments to PSL for a specified term of years, for one or more lifetimes, or a combination of both. When the trust term ends, the remaining assets pass to you or other designated beneficiaries, helping preserve wealth for heirs.
Gifts that Can Be Used By PSL or a Community in the Future
These deferred gifts help ensure that future generations will benefit from your generosity.
Bequests
A bequest is a gift of cash, securities or other assets made through your will or living trust. Bequests may be structured as a specific dollar amount, a percentage of your estate, or a particular asset. Like other gifts, bequests may be unrestricted or designated for a specific purpose. Please contact Mission Support to discuss your wishes. A will can be updated at any time through a simple amendment — you do not need to rewrite your entire document. PSL and its communities welcome bequests of all sizes.
Suggested Bequest Language for Your Will or Trust
One sentence can make a lasting difference. We suggest the following language:
I give and bequeath to Presbyterian Senior Living, a Pennsylvania not-for-profit corporation, the sum of ____________ Dollars {or % of estate or all the rest, residue, and remainder of my estate} to be used for its general and charitable purposes.
If you wish to designate your bequest to a PSL community, please add:
This gift shall be used for the Presbyterian Senior Living _________ community.
If you wish to designate your bequest further*, please add:
The donor requests the Board of Trustees to consider this gift to be used for the support of [desired purpose]. If at the time this bequest is received by Presbyterian Senior Living, or thereafter, the organization determines that all or part of the income of the fund cannot be utilized to the best advantage for the purpose designated herein, then all or any part of the annual income may be used for such other institutional purpose which, in the sole discretion of Presbyterian Senior Living, shall most closely carry out my original intent.
*Minimums may apply to designated funds; please contact Mission Support to learn more.
Presbyterian Senior Living’s tax identification number, or that of the specific community you wish to support, is available upon request. Our team’s contact information is located at the bottom of this page.
Official address:
Office of Mission Support
Presbyterian Senior Living
One Trinity Drive East, Suite 201
Dillsburg, PA 17019
Beneficiary Designations for Accounts and Insurance
You may designate PSL or one of its communities as a beneficiary of a retirement account, investment or bank account, or life insurance policy by completing a beneficiary designation form with your broker, banker or insurance agent. As part of your estate planning, you may wish to leave retirement plan assets to PSL or to the community you hold dear and pass more favorably taxed assets to your family. Retirement accounts such as IRAs, 401(k)s, and 403(b) plans may be subject to both income and estate taxes, meaning a sizable portion can be lost to taxes if left to heirs. Assets left to PSL or one of its communities transfer tax-free. No will is required, and you may name PSL or a community as a contingent beneficiary. PSL welcomes beneficiary designations of all sizes.
Retained Life Estate
You can donate your home or farm to PSL while continuing to live there for your lifetime or for a term of years. Because this gift is irrevocable, you receive a federal income tax deduction for a portion of the property’s value in the year the gift is made, and the property is removed from your estate for tax purposes. Eligible properties may include a primary residence, vacation home, or other residential structures. Farms may include raw farmland or farmland with buildings. You will remain responsible for real estate taxes, insurance, and maintenance. PSL may retain or sell the property.
Gifts That Pay You Income
Charitable Remainder Trust
A Charitable Remainder Trust (CRT) can be a flexible and effective way to achieve both charitable and financial goals. A CRT provides immediate tax benefits while generating income for you and/or others. You transfer cash or property into the trust, removing those assets from your estate. You name the income beneficiaries, choose the income percentage (within legal limits), and select whether payments will be fixed or variable. You also determine the payment term—either for life or for a specific number of years (up to 20). Your gift qualifies for an immediate income tax deduction based on the estimated remainder interest. If you contribute appreciated long-term property, you may avoid capital gains tax on the transfer. A trustee manages the assets, makes income payments, and, at the end of the trust term, distributes the remaining assets to PSL or the designated PSL community.
There are two primary types of Charitable Remainder Trusts:
- Charitable Remainder Annuity Trust (CRAT)
- Charitable Remainder Unitrust (CRUT)
Income payments
- CRAT: Provides a fixed annual payment based on a percentage of the trust’s initial value. This option offers predictable income and may be attractive when interest rates are favorable.
- CRUT: Provides a variable annual payment based on a percentage of the trust’s value as revalued each year, offering a potential hedge against inflation.
Flexibility
- CRAT: Available in one form and does not allow additional contributions.
- CRUT: More flexible, available in several forms, and allows for additional contributions over time.
Contact Mission Support
Our Mission Support team members are here to help you explore how your gift can make a meaningful and lasting difference. Contact us to receive an EIN / tax ID or account information for transfers, to discuss funds, to notify us of an incoming gift, or to have other questions answered.
Bethanie Constant, Vice President of Mission Support: General estate and planned giving inquiries. BConstant@psl.org or 717-601-0626.
Jason Lyons, Director of Mission Support: Presbyterian Village at Hollidaysburg, St. Andrew’s Village, Westminster Woods at Huntingdon, Grace Manor, Presbyterian Home at Williamsport, and Mark H. Kennedy Park. JLyons@psl.org or 717-280-0204.
Wally Lee, Director of Mission Support: Glen Meadows, Green Ridge Village, Quincy Village, Ware Presbyterian Village, Moyer House at Carroll Village, and Westminster Place at Ware Senior Housing. WaLee@psl.org or 717-578-0655.
John Ross, Director of Mission Support: Cathedral Village, Kirkland Village, Pine Run Village, Westminster Village at Dover, and The Long Community. Jross@psl.org or 717-601-8646.
Office of Mission Support general phone (717) 502-8872 and email MissionSupport@psl.org.
