Planned Giving

Planned Giving

Bequests: A will can be a reflection of your faith, values, and priorities. Those who value our ministries to children and families enough to give faithfully while they are living may want to include COBYS in their will. An estate gift can make a lasting impact that continues many years after the donor has passed away. Some people choose to designate a specific dollar amount or percentage from their estate to charities like COBYS.

IRA Giving: Starting at age 70 1/2, you can make a Qualified Charitable Distribution (QCD) from your IRA. At 73, you can make a QCD as part of your Required Minimum Distribution (RMD) each year. This gift comes directly from the financial institution to COBYS and provides you with tax benefits.

DAF Giving: Establishing a Donor Advised Fund through a financial institution allows for gifts of cash, stocks, bonds, commodities and other assets. The donor receives immediate tax benefits with the flexibility on when to support charities like COBYS with a donation. DAFs grow over time and enable larger charitable gifts. This gift comes directly from the financial institution to COBYS.

Charitable Remainder Trusts:  By placing assets in a charitable remainder trust designated for COBYS, you can realize some tax advantages now, such as deductions for charitable giving, and also receive an income stream over a period of time. Upon your death, the remainder of the trust goes to support COBYS ministries.

Charitable Gift Annuities: This instrument is ideal for donors who desire eventually to support COBYS with a significant gift, but need a source of income for the time being. You simply transfer funds into an annuity fund, and then receive an immediate tax benefit and a guaranteed rate of return for life. By designating COBYS as a beneficiary, at the time of death, COBYS receives any part of the annuity that remains. Please consult your financial adviser for details specific to your financial situation. The American Council on Gift Annuities website shows current rates of return.

Helpful Information: For these gifts please send them to COBYS Family Services – 444 Murry Hill Circle, Lancaster, PA 17601. To appropriately designate gifts to COBYS, our EIN Number is – 23-2128881.

To discuss supporting COBYS with your accumulated assets, contact Director of Development Anne Stokes or call 717-656-6580. Please contact your financial advisor or attorney for information about your specific situation.