How to Give
Gifts to the PHGS Foundation are invested in a independent and professionally managed endowment by a Registered Investment Advisor (RIA)/Fiduciary designed to provide long-term growth and sustain the Foundation's mission for generations to come.
In addition to cash contributions, the PHGS Foundation welcomes a variety of charitable gifts.
If you wish to donate appreciated securities, real estate, or other assets, the Foundation will work with you to ensure your gift can be accepted, appropriately monetized when necessary, and invested to support the Foundation's long-term charitable mission.
Gifting to the PHGS Foundation can come in various forms and can include the following.
Monetary Donations: One-time donations, Recurring donations
Stocks and Securities: Shares of stock, Bonds and mutual funds
Real Estate: Property donations, Land or Buildings
Planned Giving: Bequests in wills, Gift annuities
Sponsorships and Events: With a shared vision of building something meaningful, we invite you to consider sponsoring a fundraising event in support of the PHGS Foundation. Your efforts can help us provide scholarships, preserve our heritage, and strengthen our communities for generations to come.
If you are interested in organizing a fundraising event, simply email us at admin@phgsfoundation.org with your idea or proposal. A member of the PHGS Foundation will contact you to discuss your event and how we can work together to make it a success.
In-Kind Donations: Goods or services, Professional expertise Equipment or supplies
Sponsorships and Events: With a shared vision of building something meaningful, we invite you to consider sponsoring a fundraising event in support of the PHGS Foundation. Your efforts can help us provide scholarships, preserve our heritage, and strengthen our communities for generations to come.
Corporate Matching gifts: Your donation from your place of business that qualifies you to have your donation matched by your place of business.
Tax-free gift from an IRA Qualified Charitable Distribution (QCD) (see below)
To take advantage of a tax-free gift from an IRA (a Qualified Charitable Distribution or QCD), you do not use gift tax forms . Instead, you arrange for your IRA administrator to send funds directly to the charity, and then you report the transfer on your standard annual tax return.
Follow these steps to ensure your gift is processed and filed correctly:
1. Make the Direct Transfer
Age Requirement: You must be at least 70½ years old at the time of the gift.
Direct Transfer: Contact your IRA administrator (custodian) and request a direct transfer or a QCD check made payable directly to the “PHGS Foundation”
Deadlines: The transaction must be completed by December 31.
Limit: You can transfer up to $111,000 annually.
2. Get Your Acknowledgment
Documentation: The PHGS Foundation will provide to the donor a written acknowledgment stating the date and amount of the gift, and confirming that no goods or services were provided in exchange.
Filing: Keep this receipt with your tax records; however, you do not need to submit it with your return.
3. File Your Tax Return (Form 1040)
Form 1040: When you file your annual federal income tax return, report the full amount of the IRA distribution on Line 4a (IRAs Distributions).
Taxable Amount: If the entire distribution was a QCD, enter 0 on Line 4b (Taxable Amount).
Labeling: Write "QCD" next to the line.
Consult a Tax Professional: If you have a non-deductible IRA contribution basis, you should consult a certified tax professional or the IRS Interactive Tax Assistant to ensure accuracy.
With a vision for building something meaningful we would love to have you consider an event fundraiser to helps u meet the goals of the PHGS Foundation.
Simply send an email to admin@phgsfoundation.org with your intentions and we will contact you about your event fundraiser.
Event Fundraising
General Dynamics, Pfizers and other area companies have a Matching Gift program. Please consider using one of these gift giving avenues to gain more value for your donation
Employer Matching Gifts
Gift and estate planning for 501(c)(3) donations offers major tax advantages and strategic control. Key benefits include estate tax reduction, the elimination of capital gains tax on appreciated assets, and income tax deductions during your lifetime. It also enables you to leave a lasting legacy while supporting your preferred causes.
Strategic charitable giving provides several distinct financial and personal advantages:
Estate Tax Reductions: Charitable bequests made through a will or trust are typically 100% deductible from the value of your estate. This reduces the overall taxable value, potentially lowering the tax burden for your heirs.
Capital Gains Avoidance: Donating highly appreciated assets (like real estate or stocks) directly to a 501(c)(3) allows you to bypass capital gains tax entirely, while still claiming a charitable deduction.
Retirement Account Optimization: Naming a charity as a beneficiary for an IRA or 401(k) avoids heavy income tax burdens. Since 501(c)(3)s do not pay income tax, the full balance of the retirement account goes to the cause rather than the government.
Probate Avoidance: Designating a charity to receive specific estate assets bypasses the time-consuming and often expensive probate process.
To better understand which giving methods fit your financial picture, consult your financial planner/lawyer.