Planned Gifts and Deferred Giving

Wills - Individuals can provide for the special people in their lives and for the Spring Grove Heritage Foundation and other philanthropic interests with bequests made through wills. Bequests in wills can take various forms:

A general bequest in which the Spring Grove Heritage Foundation is designated to receive a specific dollar amount;
A specific bequest leaves specific property to the Spring Grove Heritage Foundation;
A percentage bequest is expressed as a percentage of an estate rather than a specific amount. If over the years, changes occur in the size of the estate, the bequest will change in the same proportion;
A residuary bequest gives to the Spring Grove Heritage Foundation all or a portion of an estate after all debts, taxes, expenses, and other bequests have been paid.

Life Insurance - A second and important but often overlooked means of making a planned gift is Life Insurance. A donor can name the Spring Grove Heritage Foundation as the primary beneficiary of a life insurance policy. The donor retains ownership of the policy and has access to the policy's cash value. Even though the value of the policy will be includible in the donor's estate, no federal estate-tax liability will result from this because of the charitable donotion.

Retirement Accounts - A third and relatively new way of making a planned gift is for the donor to designate the Spring Grove Heritage Foundation as the recipient of a personal IRA account or other retirement account.

Deferred Gift - A donor may also make a deferred gift to the Spring Grove Heritage Foundation by creating a charitable remainder trust. In establishing such a trust, the donor reserves the right to receive an annuity or other payment during the donor's life and the trust assets pass to the Spring Grove Heritage Foundation at the time of the donor's death. The individual creating the charitable remainder trust receives an income tax deduction when the trust is established. The charitable remainder trust can be particularly useful for gifts of appreciated securities.

Individuals choosing to name the Foundation in their estate planning or in deferred giving documents should take care to identify the Foundation properly as Spring Grove Heritage Foundation.

Obituaries

Asha Rani, 77
Born: Saturday, November 22, 1941
Died: Tuesday, October 22, 2019

Alma Grollig, 87
Born: Wednesday, October 05, 1932
Died: Sunday, October 20, 2019

Shirley McBroon, 69
Born: Saturday, December 31, 1949
Died: Saturday, October 19, 2019

Joanne Duran, 96
Born: Friday, April 06, 1923
Died: Thursday, October 17, 2019

Geneva Bazemore, 83
Born: Friday, March 20, 1936
Died: Wednesday, October 16, 2019

Upcoming Events

Oct 22Grief to Peace / Tri County
Oct 27Public Tram Tour October
Oct 27Public Tram Tour Oct
Nov 07 - Nov 07Planting For Diversity
Nov 10 - Nov 16Flags of Honor
Nov 19Grief to Peace / Spring Grove
Nov 20 - Nov 23FULL - Holiday Wreath Project / Volunteer Event
Nov 21 - Dec 13Spring Grove's 5th Annual Giving Tree
Nov 26Grief to Peace / Tri County
Dec 01Spring Grove Holiday Concert