Gifts of Plans and Policies
Gifting Your Retirement Plan
Using assets from qualified retirement plans like a Roth IRA or a 401K is a smart way to support your philanthropic priorities. Retirement plan assets that are left directly to heirs are subject to a high estate tax, so choosing to leave these funds to the Free Library of Philadelphia Foundation ensures that your hard-earned dollars continue to work for something you love—the Library—for years to come. You can leave a percentage of your retirement assets or a specific dollar amount. Just notify your plan’s administrator of your intention and complete a “change of beneficiary” form.
We are happy to work with you and your advisor to make certain that your gift is used in accordance with your wishes. Individuals who use their retirement assets to make planned gifts become members of The Benoliel Society.
The Free Library of Philadelphia Foundation also welcomes gifts of property or real estate to strengthen its public spaces.
Gifting a Life Insurance Policy
You may also designate the Free Library of Philadelphia Foundation as owner and/or the beneficiary of a life insurance policy—either a new policy or an existing one that you and your family no longer need. Simply contact your insurance agent and ask for the appropriate forms.
For more information, please contact The Free Library of Philadelphia Foundation at 215-567-7710 or email@example.com
Susan G. Smith is a longtime supporter of the Free Library of Philadelphia Foundation and has served on its Board of Directors, through two separate appointments, since 1995. During that time she has served as Vice Chair of the Board and held leadership positions on both the Executive Committee and the Borrowers’ Ball Committee. Dedicated to the Library’s... Read More