Teamwork at the Centre County Youth Service Bureau
Ways to Give in the Future
The Campbell Society
The Campbell Society recognizes those donors who have invested in the future of our community by naming the Centre County Community Foundation as a beneficiary of their estate plans. The name honors the Foundation's founder, Judge R. Paul Campbell, and the Society honors those who have arranged any of the following in favor of CCCF:
- Bequest under a will
- Distribution from a trust (including a charitable remainder or lead trust)
- Charitable gift annuity
- Designation as a beneficiary of a life insurance policy
- Designation as a beneficiary of a retirement plan (IRA, 401k, 403b)
- Deferred pledge agreement (a simple form available from the CCCF office)
Funds benefited by estate plans can support any charitable cause or organization, and can work to benefit the region in perpetuity – long after the lives of the donors.
If you have included the Centre County Community Foundation in your will or other planned gift and wish to be recognized in the Campbell Society, please contact the Foundation's office and we will be pleased to add your name.
Current Campbell Society Members
Bequests and Retirement Plans
A will provision allows you to make a substantial contribution without diminishing the assets available to you during your life. Since bequests are deductible from your taxable estate, significant estate tax savings are possible. Naming a charity as a beneficiary of your retirement plan also avoids income tax when the charity receives its distribution from the plan. In addition, the CCCF Deferred Pledge Agreement may be used to make a gift to be paid directly from your estate.
Charitable Gift Annuities
In exchange for a gift of money or securities, a charity will pay you and/or a loved one a fixed amount annually for the rest of your life. A portion of this income is not taxed, and you also receive a charitable deduction for part of your gift as calculated with IRS tables.
Charitable Remainder Trusts
You can use an irrevocable trust to provide yourself and/or a loved one with a fixed annual income or an income which varies with the value of the trust. Part of your gift qualifies for an income tax deduction, as calculated with IRS tables. At the death of the last income beneficiary, the corpus of the trust is distributed to charity.
Charitable Lead Trusts
You can support charity for a term of years or for the life of an individual by creating a charitable lead trust. Income will be paid to the charities of your choice each year during the term of the trust. When the trust terminates, the assets in the trust revert to you or to individuals you wish to benefit.
Life Insurance
When you give a life insurance policy to charity, the cash surrender value of the policy or the cost of a replacement policy is deductible as a charitable contribution. If you continue to pay premiums after your gift, these premiums are also deductible.
